Web Based Plans

A life insurance plan online can be selected using the Internet, avoiding long telephone conversations with agents or time spent in an agent's office. The policy can be continued using the same technological methods. In an age of automatic checking withdrawal and automatic credit card withdrawal, the premiums on a life insurance plan on line can be paid for with the simple click of a mouse and an electronic signature. This allows the agency carrying the policy to withdraw premium funds on a certain day each month to make the purchase of any policy simple and convenient.

Just as in traditional venues, electronic policies vary according to the amount and type purchased by the policyholder. A life insurance plan online can consist of a term policy or a whole life policy. The term policy typically covers the insured for up to 30 years; at that time, the money paid in premiums is given back to the policy holder (or kept by the insurance company in some older policies). Term policies are usually purchased by those who do not plan on outliving their policy; otherwise, they would be better off investing their money elsewhere and purchasing a whole life insurance plan on line policy. This online policy allows the holder to make premium payments of the same amount (never increasing) for the rest of his life. In exchange, he receives interest on the life insurance plan on line policies (which can help pay the premiums) and receives the benefit of the coverage amount left to the beneficiary if he should pass away. This type of policy is becoming the most popular one next to investment life insurance plan online policies. In order for an agent to sell an investment plan, he must also be licensed by the NASD or National Association of Securities Dealers, or the SEC or Securities Exchange Commission.

Some Christians are apprehensive about purchasing any of these policies. They may feel that the purchase of a life insurance plan on line shows a lack of faith in God and His ability to protect and provide for them. While the Bible does not address the issue of the purchase of insurance, it does address the issue of being prepared for future disaster, catastrophe, and famine. If financially feasible, a Christian should invest some of his bountiful fruit (money) into something that will protect his family in the future. First Timothy 5:8 cautions us as believers, "If any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than in infidel." Those are strong words, so we need to carefully and prayerfully examine our finances and decide is we need to invest in a life insurance plan online.