There are some life insurance policies that can be purchased as quickly as one day. When applying for very large face amounts, and/or if an exam and medical records are required, the time that it takes the policy to go into effect can be weeks or months. To get life insurance most quickly, use a No Exam Life Insurance policy and ask the usual time it takes to go into effect, as some are much more speedy than others.
Agent, Rural Mutual Insurance Co., Union Grove, WI
If you have certain medical conditions you will not be able to apply for a life insurance policy that will issue within a day. Also remember that there is a clause with most if not all life insurance policies that will allow the carrier to deny payment of the death benefit within the first two years the policy is in effect if it is found that any part of the policy information was fraudulant or death of the insured was self inflicted.
President, The Firm of Steven H. Kobrin, LUTCF, 6-05 Saddle River Rd #103, Fair Lawn, NJ 07410
Small, not-so-cheap polices can be purchased on-line, or with a minimum of paperwork.
The good news: no exam, no medical records review, and quick processing.
The bad news: you will probably overpay. And you probably need a lot more coverage.
Applications that require full underwriting can still me managed very efficiently, If your broker gets all the ducks in line, you can get coverage relatively soon... get the full amount you need... and pay as little as possible.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
How quickly can you get life insurance? Well very quick if cost isn't a factor for you. The fewer questions the higher the price and if you're willing to pay, in many cases they're willing to insure. Now the question that makes it hard. While you can sign up for life insurance super quick, they may not pay in the first two years if you were to die. If that's the case, you bought fast and died just as quick, the insurance company will underwrite after the fact and quite possibly just return your premium. The best solution rather than buying fast is to buy while your healthy, then questions won't matter and you can pick your plan by best cost to you.
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The good news: no exam, no medical records review, and quick processing.
The bad news: you will probably overpay. And you probably need a lot more coverage.
Applications that require full underwriting can still me managed very efficiently, If your broker gets all the ducks in line, you can get coverage relatively soon... get the full amount you need... and pay as little as possible.