Connect with us

Hi, what are you looking for?

Effects of Digitization to life insurance services due to the pandemic

The biggest challenge to most of the citizens has always been choosing the best policy that can safeguard you and your loved ones’. Holliman Financial makes this a walk in the park.

Digital transformation has brought about numerous benefits to industries across the globe. Insurance Industry on the other hand has been slow in embracing digital revolution. This does not mean it has not began.

Getting the best financial plan out of the millions offered across the globe has always been challenging for many Americans. In the US for example, there are over 70,000 financial quotations from various financial solutions serving over 300 million citizens.

However, the biggest challenge to most of the citizens has always been choosing the best policy that can safeguard one and their loved ones’. Having gone digital due to the pandemic, one can now get an instant, personalized quote with multiple coverage plans to choose from before they hit the ‘apply’ button.

One can apply online after choosing their preferred plan. It’s simple, straightforward, and only takes about 10 minutes. The added advantage is that one does not require a medical exam. A final decision is received once the underwriters have reviewed an application and their licensed agents will reach out and help activate the policy.

Affordable

When applying, the Financial Experts analyze information against their wide range of products in real-time, matching one to a policy that fits their needs with a price that works for them.

Other Life Insurance Policies offers refund if one is not happy with a policy in the first 30 days for any reason. After that, one is also free to cancel their policy at any time if it doesn’t work for them, with no cancellation fees.

What does life insurance cover?

A policy can help loved ones in their greatest time of need. It can help cover some of life’s biggest expenses, like a home mortgage, debt, children’s college tuition, and it can also replace lost income. The policy can also help cover everyday expenses — anything the beneficiaries need, really. Ultimately, it’s up to them to decide how to use the payout.

How much life insurance does one need?

A common and easy way to come up with a coverage estimate is to multiply one’s annual income by 10. Another way is to calculate one’s long-term financial obligations and then subtract their assets. The remainder is the gap that life insurance needs to fill.

What if one has a policy through their employer?

One may already have some life insurance coverage from their employer. However, that policy might only provide a fraction of the coverage one actually needs. Employer-sponsored policies typically offer coverage that is about 1-2Ã? an annual salary. However, financial experts recommend having coverage that is about 10Ã? one’s salary. This disparity can result in a large gap in protection if one is solely relying on their policy through work — which is why many people buy individual term policies to supplement the coverage they receive through work.

The good thing is that the application process is free, easy and 100% online. Initially, application would take weeks due to the high traffic load of applicants but it can now be done in minutes, so one can focus on what matters. Most applicants don’t even need a medical exam.

This is why millions of Americans are now signing up to Life Insurance!

Contact Info:
Name: Chaminuka Holliman
Email: Send Email
Organization: Holliman Financial
Address: 15720 Brixham Hill Ave Suite 300, Charlotte, North Carolina 28277, United States
Phone: +1-704-610-3649
Website: http://www.hollimanfinancial.com

Source: PressCable

Release ID: 89038655

comtex tracking

COMTEX_391409601/2773/2021-08-11T17:51:32

Written By

You may also like:

World

Let’s just hope sanity finally gets a word in edgewise.

Tech & Science

The role of AI regulation should be to facilitate innovation.

Sports

In the shadow of the 330-metre (1,082-foot) monument, workers are building the temporary stadium that will host the beach volleyball.

World

Iranians lift up a flag and the mock up of a missile during a celebration following Iran's missiles and drones attack on Israel, on...