The first step to buying life insurance is finding someone to sell it to you. This can be done by searching on the internet for "instant life insurance quotes" or "diabetes life insurance" or whatever search term fits your situation. Then pick the one that gives you a good price and appears to have a good reputation as evidenced by testimonials, being part of the BBB, etc. OR you can call a local agent or agency.
Once you visit with your agent and narrow down what policy you want to apply for, you fill out an application, sign and submit it. This can be done digitally or by a wet signature. The application then goes to the life insurance company for review.
If you are getting a policy that does not require an exam, the policy may go into effect within as little as an hour or as long as a month. If you are applying for a medically underwritten policy, you will be contacted by a local paramed exam company to schedule a short exam done in your home or place of your choice. They will collect a blood sample, urine sample, blood pressure, etc, and ask health questions. The life insurance company may also order medical records from your physician(s).
When all the requirements are in and the underwriter has reviewed it all, he/she will approve your policy at the rating that is warranted based on your medical and other information. They will notify your agent, who will then notify you.
Payment may be done at the time the application is done, at the time the policy is approved, or after you receive the policy in the mail and you have looked it over and decided to keep it.
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Once you visit with your agent and narrow down what policy you want to apply for, you fill out an application, sign and submit it. This can be done digitally or by a wet signature. The application then goes to the life insurance company for review.
If you are getting a policy that does not require an exam, the policy may go into effect within as little as an hour or as long as a month. If you are applying for a medically underwritten policy, you will be contacted by a local paramed exam company to schedule a short exam done in your home or place of your choice. They will collect a blood sample, urine sample, blood pressure, etc, and ask health questions. The life insurance company may also order medical records from your physician(s).
When all the requirements are in and the underwriter has reviewed it all, he/she will approve your policy at the rating that is warranted based on your medical and other information. They will notify your agent, who will then notify you.
Payment may be done at the time the application is done, at the time the policy is approved, or after you receive the policy in the mail and you have looked it over and decided to keep it.