Getting life insurance can take from one day to several months.
If you are getting a policy that does not require a physical and that can be signed digitally, it can be in effect in as short as a day.
If you are applying for a large policy and have health conditions that require the gathering of medical records, the process can take much longer. The determining factor is often how quickly the doctor records are received, how quickly the exam is completed, and whether the underwriter adds additional requirements after doing their review.
Life insurance companies often say to allow two months, but you can get the proceeds much sooner than that. State regulators set a limit on how long a normal death claim processing should take, so they try to make payments as expedient as possible. It helps to obtain the paperwork quickly and fill it out accurately, and send to the company with a certified death certificate as soon as you can get one.
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If you are getting a policy that does not require a physical and that can be signed digitally, it can be in effect in as short as a day.
If you are applying for a large policy and have health conditions that require the gathering of medical records, the process can take much longer. The determining factor is often how quickly the doctor records are received, how quickly the exam is completed, and whether the underwriter adds additional requirements after doing their review.