how long should it take to approve a life insurance
The process I just described for you can take anywhere from 4-6 weeks â sometimes longer, sometimes shorter. It all depends on how quickly you get your life insurance medical exam and what they find on your medical records.ou can get a traditional term policy that is fully underwritten, meaning that you're going to get a medical exam, or you can go the non-medical approach. We'll take a look at both of these and see how long the process actually takes.
President, Newbury Inc., Evansville, Indiana. With simplified issue life insurance you get your approval right when you do the application with many companies. This is the type of whole-life insurance that many seniors over age 50 purchase on amounts of $25,000 or less.o one to two months would be average for fully-underwritten life insurance. And for simplified issue it could be right within the meeting with your insurance agent. The more extensive underwriting will usually get you a better rate per thousand if you are healthy and buying more than $25,000 of coverage.