You know you need life insurance, but there are several ways that you can get it and figuring out the best way to buy life insurance can get confusing because of the different options.

But here’s the thing:

best way to buy life insurance

There is really only one way you should be buying life insurance in 2019 because any other option is going to take up too much of your time.

In this post today, I will go over all of the ways that you can get life insurance and then explain which option is the best and why.

How Many Ways Can You Get Life Insurance?

There are seriously about 5 different ways you can apply for life insurance and we list them below:

Through An Agent (In Person)

When people purchase life insurance, the first thing they usually think about is finding an agent to help them obtain coverage.

They also hate the idea of having to go over stuff with an agent and the back and forth.

The process usually goes like this, you reach out to an agent, and they will set up a time to come out to your home and visit you.

Once they are at your home, they go over a few products and quotes with you and attempt to help you complete the application and get the application process started.

After a few weeks, you will probably hear back from them about your policy if you have been approved or not.

It is probably the process that takes the longest for you to get life insurance.

From Your Bank

You might find it odd to find out that people buy insurance from their bank, but studies have shown that more people are buying from their banks than we once thought.

The only issue is that most banks only offer one product and usually don’t sell much life insurance directly.

You will find yourself buying coverage that you might not understand, and if you go sit down with a banker, they probably only offer a set product at a fixed price.

Buying from a bank might not get you the best product or rate for you and your family.

From An Agent (Over The Phone)

This is the area that I specialized in, selling life insurance over the phone.  

I did this for over 10 years and did a great job helping customers understand insurance products and chasing them down to buy.

As an independent agent, I was commission based, so even though I am helping my customers, I still needed sales to live.

This would mean that until you say “Sa El, stop calling me” I would probably keep calling until we got you covered.

Of course, some people loved my persistence and others just outright cursed me out for calling too much.

Independent agents will be able to get you rates from multiple companies and can send you an e-app to get the application process started.

This is going to be the second fastest way to get life insurance.

100% Online

Purchasing life insurance online is one of the newest ways that you can obtain life insurance.

You get to shop for life insurance the same way we do with everything else. 

For instance, like shopping on Amazon or streaming on Netflix. 

This type of life insurance is sometimes known as simplified issue life insurance or no exam life insurance, and you get to buy direct and fast.

There is no option faster than buying direct term life insurance online.

Through Your Job

Your job is usually only going to give you 1X(times) your annual income in life insurance.

So if you make $50,000 per year, you will get a life insurance policy for $50,000, sometimes it will be free, sometimes it will cost.

However, I don’t recommend having any life insurance from your job as your primary form of life insurance.

This is because if you leave that job you will lose your coverage and it usually is nowhere near enough coverage for your family.

If you make $50,000 per year, you should at the least have $500,000 in life insurance.


No Exam Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get no exam life insurance coverage within minutes of getting your quotes and applying.

What Is The Best Way To Buy Life Insurance?

I am going to say hands down, the best way is to purchase life insurance is 100% online, and here is why: 

Buy At Your Own Pace

When it comes to purchasing anything the worst feeling to have is buyers remorse.

buy life insurance

When you purchase online, you get to buy the policy that works best for you when you are ready.

But keep in mind:

While you do get to buy at your own pace, it doesn’t mean that you should procrastinate to the point of never getting coverage.

Get Instant Coverage

The best thing about buying online is that you can get approved instantly for coverage and pay for your policy in under 5 minutes.

You get to avoid that usual 75 day waiting period that comes with purchasing life insurance the traditional way.

There is no faster option when it comes to buying life insurance.

Bypass A Medical Exam

The one thing that has been stopping people from enjoying the life insurance buying process is having to complete a medical exam.

Buying online gets you the ability to bypass the medical exam.

You don’t have to schedule a time with an examiner, and this also cuts down your waiting period substantially.

This benefit alone really trumps the other options.

Avoid 100 Agent Phone Calls

If you submit your personal information when trying to get life insurance quotes, you are probably going to get called from over 100 agents.

Trust me, I used to be one of those agents calling you until you told me to stop.

I have an entire article about how to get life insurance quotes with no phone calls from agents.

Go direct and buy online to avoid all of these calls.

You Get To Read Online Reviews

The best thing about shopping for life insurance online is that you can check out reviews about each company.

These reviews go into deep detail about how each of these products will work as well as the financial stability of each company.

You also learn about the different products that they offer in great detail.

It Doesn’t Cost More

Life insurance pricing is mandated by the state that you live in.

This means that it doesn’t cost you more money if you buy from an agent or go directly with an insurance company.

What Is The Best Company To Buy From?

While there are some excellent no exam term life insurance companies to choose from, we haven't found any better than Bestow life.

Check out our quick overview of them below:

bestow life insurance logo

About Bestow Life Insurance

Bestow is backed by North American Company for Life and Health Insurance.

North American has been around for over 100 years and was founded in 1886, and as of today North American holds an A+ (Superior) rating with A. M. Best.

Bestow believes that great life insurance should be affordable, convenient, and smart.

And every bit as straightforward as buying any other gift for your family.

Product Features

  • Available for ages 21 through 55
  • Coverage amounts from $50,000 to $1,000,000
  • Not Yet available in NY
  • No physical exam life insurance
  • Tobacco & Non Tobacco Rates
  • E-Signature & Simple Application Process
  • No Waiting Period
  • Accelerated Underwriting
  • 2 Year Term Option Available

Riders & Options

No additional riders or options are available on this policy yet such as the accelerated death benefits, term life conversion option, or accidental death benefit rider.

Simply Insurance Thinks

Bestow is the most affordable simplified issue, no physical exam term life insurance product in the market. We are seeing clients go from application to approval within 5 minutes.

Bestow can cover you faster than any product on the market.

Want to learn more about them? Check out our full Bestow life insurance review.


Life insurance by state.

Taking Action

Now that you know the best way to buy life insurance you shouldn’t wait another minute procrastinating.

The longer you wait, the more expensive insurance becomes, and it also becomes harder to obtain.

You can get quick quotes and buy your policy fast by clicking the button above, and you can also check out the review we discussed above.

It’s great that you know you need life insurance, now it’s time to get to it.

Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 12 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.

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