What best describes online insurance companies?

Online insurance companies are defined by their operation primarily through the internet, enabling customers to access their services without the need for physical office locations. This model allows for streamlined applications, quotes, and policy management, often resulting in lower overhead costs.

In contrast to the other options, which describe businesses that have specific limitations—such as being tied to physical locations, focusing solely on life insurance, or offering a range of complex financial services—online insurance companies leverage technology to provide greater accessibility and convenience for consumers. This distinction highlights their unique position in the insurance market, allowing for a potentially broader reach and competitive pricing.