Brooklyn, NY (PRWEB) April 11, 2006
Term life insurance policies traditionally required a great deal of paperwork before they went into effect.
Standard term life insurance policies have required preliminary medical check ups, multiple forms, and other time consuming steps before coverage was given.
But now the use of the Internet by the insurance industry has brought profound changes to this process.
Using the Internet, one insurance company, American Life Direct, has eliminated many of these steps, and shortened others.
Consumers can now apply and receive coverage within 15 minutes through an exclusive online process.
What makes this online service unique is that seekers of term life insurance are often pressured by time.
They might be about to travel overseas, have developed concerns about terrorism or instability, or are under pressure from their families to obtain life insurance coverage.
American Life Direct enables those who are qualified to obtain immediate coverage.
For instance, a young entrepreneur whose family depends on his earnings can obtain coverage the same day he applies, provided that he is qualified.
Before the development of the Internet this same entrepreneur would have had to wait days, if not weeks, before he could obtain coverage.
Through its simple online application model American Life Direct has enabled consumers to gain instant term life insurance coverage.
As the Internet is further used by the insurance industry consumers should experience innovations as seen in the travel and e-commerce industries.
Since the Internet was founded originally as a conduit for information, the insurance industry is a perfect candidate for online usage.
Consumers experience confusion when it comes to researching and applying for insurance coverage.
By using the Internet they can fully investigate their insurance options and gain the coverage they need.
Insurance companies such as American Life Direct are enabling consumers to fully use the Internet to research and obtain term life insurance, through a purely online based process.