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My husband applied for a life insurance policy and it took two months to get it. Why does it take so long?

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  Answers  |  1

October 10, 2017

Sometimes, it can take that long, or even longer. At the same time, recent improvements in the life policy approval process can result in policies approved in only a few days. Here is what likely happens when it takes a long time. First, a person applies and that application goes to the carrier via email, not as paper. The exam call goes out to the applicant. Sometimes, the applicant takes days to respond, and then the date is set a week or more out. The exam gets done and the results go to the carrier. The results indicate a need for medical records. A doctor’s office may be slow to
respond (overworked, understaffed, etc.), or there may be 2 or 3 doctors. A medical office may require a special medical release form so add some more days to get this signed and returned to the carrier. Exams and records, plus motor vehicle records in some cases - are used to approve coverage. Once approved, the policy is sent to the agent who sends it to you. In some cases, it can be sent as a digital document directly to you. You sign for it and pay for it, and in a couple of days it is placed “in force” by the carrier. Total time: 65 or 70 days. If there is one factor that I can say expands and
adds uncertainty to the timeline more than any other, it is the medical records retrieval.

Of course, this is not the case with all - but it is the case with some. Omit the medical records part and subtract about 20-25 days. For non medical (no-exam) life insurance, skip the exam and skip the medical records. Add algorithmic underwriting with no human intervention - and an applicant with no issues - and reduce the timeline even more. Traditionally, just getting the application from applicants takes a while. At LifeInsuranceToday.US, applications can be found online. Want to skip a step? Complete your application at the site, sign it digitally, book your exam date while there, and take some time out of the process. We’ll get the rest done for you as quickly as possible. We have lots of practice at this, having helped thousands of satisfied applicants over the last 15 years.

Hope that helps.

$commenter.renderDisplayableName() | 10.19.17 @ 03:47


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