Over the past few years, the life insurance industry has become increasingly popular, with many people opting for insurance policies to secure a better future. And the best part is that gone are the days when you had to wait for several weeks until your insurance plan was booked.
While it’s still true for some traditional policies, numerous companies offer life insurance almost instantly. These companies are also known as “fast life insurance companies.” If you’re looking to book an instant insurance plan, William Schantz will help you. This article is about the three best instant life insurance companies.
3 Best Instant Life Insurance Companies as Per William Schantz
According to Schantz, the following are the three top-rated instant insurance companies:
1. Lincoln Financial
This insurance company is available in all the US states apart from New York. Lincoln Financial is well-known for its option to book a no-exam policy online or over a phone call. The insurance policy that this company offers is called “LincoIn TermAccel.”
The company offers ten, fifteen, twenty, and thirty-year insurance plans when it comes to term length. The policy coverage amount ranges between one thousand to one million dollars. Moreover, the eligibility age range starts from eighteen to sixty.
On top of that, Lincoln Financial allows you to upgrade your permanent coverage either before your seventieth birthday or upon expiration of the policy – whichever comes first.
2. Haven Life
According to William Schantz, this top-rated instant insurance company is a go-to choice for most Americans. This insurance company offers two types of instant insurance plans:
You can apply for both these policies online, and if your application is approved, you can get the policy booked within minutes. The eligibility age range for Haven Simple is between twenty and fifty-five. In contrast, the eligibility age range for Haven Term is between twenty and sixty-four.
When it comes to coverage amount, Haven Simple starts with $25,000 and goes up to $50,000. On the other hand, Haven Term starts with $250,000 and goes up to $3 million. While Haven Simple is available in most states (except for CA, NY, DE, ND, and SD), Haven Term is available countrywide.
Fabric is another highly-rated instant life insurance company – popular among many Americans. The insurance policy that this company offers is called “Fabric Term.” Fabric is renowned for selling instant policies worth up to $1.5 million. However, you might have to give a medical exam if the company has questions about your health.
This company is available in all the US states except for New York and Montana. Fabric offers insurance plans for people aged between twenty-one and sixty when it comes to the eligibility age range. The coverage amount starts from $100,000 and goes up to $1.5 million.
The Bottom Line by William Schantz
Waiting for several weeks for your insurance plan’s approval has become a thing of the past. In modern times, all it takes is an online application and a few minutes to book your insurance policy, thanks to the top-notch fast life insurance companies. If you’re looking for a top-rated company that offers insurance coverage within minutes, take a look at the three best companies mentioned by William Schantz.