Why? Because the process of getting approved for life insurance can be a lengthy process. First, you contact a life insurance agent an set up an appointment. Then, you meet with the agent and answer some questions during the first interview to assess your life insurance needs. Then, the life insurance agent analyzes your needs and develops a plan for you and your family.
Then you review all of your options and get your questions answered. Next, you select the life insurance plan that's right for you and fill out an application for coverage. Then, you set up a paramedical exam and an examiner visits you to check your blood pressure, ask some more health questions, and maybe take a blood sample.
Within a week or so you get the results back and find out if you passed the exam. Then you will be advised as to whether you are accepted for life insurance by the insurance company and what your final rate will be, which may be different from that rate quoted to you previously, based on the results of your exam.
Once you have passed the exam and your final rate is decided, you may accept the offer for life insurance. Then, it may take 2-4 weeks to receive your life insurance policy.
However, now there are life insurance plans that offer instant coverage to qualified applicants.
In fact, if you qualify, you may purchase up to $350,000 of term life insurance with no health exam. You just apply online in minutes and answer some health questions.
If approved, you may start your life insurance policy the same day you apply. Here's how you can apply online for your instant coverage term life insurance.