How Long Does It Take To Set Up Life Insurance? 
With some No Exam policies , you can have life insurance set up and in effect within 24 hours . With policies that require an exam , it largely depends on : 1 -RRB- how quickly you do your exam , 2 -RRB- whether medical records are ordered , and 3 -RRB- if medical records are ordered , how quickly they are received by the life insurance companies . If you have a health condition that requires getting records from several doctors , do not be alarmed if the process takes 3-5 months . Keep in mind that the more thoroughly your health history is reviewed , the chances are nearly zero that your payment would be declined if death occurred during the policy 's first two years -LRB- the contestibility period -RRB- . However , even with a health condition , medically underwritten policies do not normally take that long . Working with a reputable agency who keeps you up to date during underwriting can cut down the time a lot . 