The Fastest Way to Get Life Insurance (2024)

One of my goals this year is to get life insurance. I set this goal over seven months ago.

How much time have I put towards this goal so far? Absolutely none.

This is NOT a good sign. It means I’m making it a low priority. In reality, it’s something I should be making one of my top priorities.

My main issue with life insurance has always been that it’s time consuming to get. Thankfully, I finally found the fastest way to get life insurance and I can’t wait to share it with you.

First I’d like to share some of my personal thoughts on life insurance, as well as why I kept putting off getting it.

My thoughts on life insurance

I should probably explain why I feel that life insurance is extremely important. It’s kind of a morbid/strange insurance, since it kicks in after you pass away, but it’s essential if you have a significant other and/or children.

I read Suze Orman’s book The Money Book for the Young, Fabulous, and Broke a few years back and it was the first time I ever really thought about life insurance.

One thing Suze said to do was to get more life insurance than you think you need. Some people get enough life insurance to cover their mortgage, auto loan(s), and student loans; others don’t even get enough to cover all their debts.

Suze made a great point, though, that if you passed away unexpectedly it would be a traumatic event and you can’t know to what degree that will affect your significant other. You want to make sure that not only your debts are covered, but also that your spouse will have enough money to not work. I agree with this approach.

Why I kept putting off life insurance

With the huge benefit that life insurance provides – namely the peace of mind knowing your significant other and children are taken care of in the case of an unexpected tragedy – why did I put off getting life insurance for so long?

To be honest it was pure laziness. I continued to make it a low priority because I knew it would take some time and effort to get. It’s not as easy as getting an auto loan, which only required me filling out two pages worth of information (online). The money was wired to me just a couple hours later. The life insurance industry doesn’t work that way, unfortunately.

I recently heard that over 85% of life insurance is still sold over the phone or in person. Considering how insurance and other financial tools have become much more automated these days, that’s a crazy high number. The thing is, most 20- and 30-somethings simply do not find this approach appealing (at least I don’t!). We want things to be web-based, quick, and simple.

A physical may be unavoidable for life insurance, for obvious reasons. That doesn’t mean the rest of the process can’t be easier, though.

So the two reasons I kept putting off life insurance were:

1) I made it a low priority
2) The process seemed time-consuming

I think we both know that my first reason is invalid: life insurance should be a priority! The second excuse, though, I just recently found to be invalid. That’s because I found the fastest way to buy life insurance.

The fastest way to buy life insurance

I recently heard about a new company called Quotacy. Their entire philosophy on life insurance is this: it should be quick and easy to get a quote. That sounded good to me, so I figured I might as well give it a shot.

The first thing they asked for was some basic information about myself.

This next section was my favorite. It had two sliders – policy value and duration – and gave quotes of estimated monthly premium based on what you choose for the slider values.

Next they asked some health information. These were literally just quick, short questions that took less than a minute (total) to complete.

And just like that I had quotes from a variety of insurance companies.

There were many more quotes on the page, but you get the picture. With this tool you get quotes really quick.

Quotacy will review your online submission and work with you if needed to make sure you’re applying with the company that will give you the best price based on any unique health or lifestyle characteristics.

One thing I should mention is that your policy is not automatically in force after submitting your application online, the insurance company you choose will still have to approve your policy, and there might be a few follow up questions here and there.

With that being said I think the tool that Quotacy has put together is great. It’s straight-forward, easy, and all web-based. I personally prefer this to sitting down and talking to a salesperson who is paid on commission.

If you haven’t gotten life insurance, what is holding you back? Would you consider using Quotacy for life insurance quotes?
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Photo by David Amsler