Life Insurance Basics
What is the life insurance application process?
The life insurance application process typically takes 2-8 weeks. Steps: 1) Complete the application. 2) Take the medical exam (if required). 3) Underwriting review. 4) Policy approval and delivery. 5) Review policy during free look period. No-exam policies can be approved in minutes to days.
Key Points
- Application: complete health history, lifestyle, and financial questions
- Medical exam: height, weight, blood pressure, blood draw, urine sample
- Underwriting: insurance company reviews your application and exam results
- Approval: typically 2-8 weeks for fully underwritten policies
- No-exam policies: approved in minutes to days