How To Apply For Life Insurance? 
To answer the question of how to apply for life insurance , I would need to know the type of policy for which you are applying . 1 -RRB- Medically Underwritten This is the type of policy that requires some type of exam , and possibly the life insurance company will order your medical records . Applying for this type of policy requires that a fairly lengthy application be completed . It may be filled out on paper , digitally or over the phone . You might do it with your agent , with your paramed examiner , on your own , or with a representative of the insurance company . Once everything is collected by the underwriter , the company decides what to rate you , and you generally accept the policy by paying the first premium . Because there are so many different types of medically underwritten policies , there are a number of variations on how to apply for them . 2 -RRB- Simplified Issue Simplified Issue policies do not require an exam . Some never require medical records , while others order medical records as needed . Filling out the applications for simplified issue life insurance has about as many choices as medically underwritten applications . However , these policies tend to go into effect much more quickly , and it is often their practice to draft the first premium as soon as you apply or are approved . 3 -RRB- Guaranteed Issue Guaranteed Issue Life Insurance does not ask any health questions and has no medical requirements at all . It does not usually entail a phone interview , although applications are usually done face to face with an agent . Generally , these policies are graded and should go into effect within days . 