The time it takes to hear back varies. In some cases, you may hear back instantly. For example, if you’re under 56, have a good medical history and want less than $1 million in term insurance, you may get an instant response. In other cases, it could take weeks or even months to find out if you’re approved. If your application requires a phone interview or medical exam, you’ll have to wait a little longer. Once you have your life insurance policy in hand, don’t be afraid to ask questions! If something is unclear, it’s in your best interest to understand your coverage.