How Long Does It Take For Life Insurance To Go Into Effect? 
Life insurance formally goes into effect after the policy has been issued , the delivery requirements have been returned , and the first premium has been paid . If coverage has been `` bound '' -LRB- the first premium paid at the time of taking the application -RRB- , temporary life insurance protection will be in effect until underwriting has been completed . And some No Exam policies are put into effect upon completion and approval of a digitally signed application , making delivery requirements unnecessary . 