Term life insurance policies require the applicant to take a medical exam, so the approval process can take up to six to eight weeks.
However, once your term life insurance policy is "In Force", there is no waiting period.
Life insurance policies have some exceptions, so be sure you understand them before purchasing a policy.
Also, simplified issue term life insurance policies offer a way for you to buy a term life policy without taking any health exam, and once approved (usually within 24-48 hours) you can start your policy immediately.
So, instead of waiting 6-8 weeks to get insured, you can start your simplified issue term life insurance within 1-2 days.
However, once your term life insurance policy is "In Force", there is no waiting period.
Life insurance policies have some exceptions, so be sure you understand them before purchasing a policy.
Also, simplified issue term life insurance policies offer a way for you to buy a term life policy without taking any health exam, and once approved (usually within 24-48 hours) you can start your policy immediately.
So, instead of waiting 6-8 weeks to get insured, you can start your simplified issue term life insurance within 1-2 days.
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