Yes, term life policies begin once you have been approved by the insurance company, and made your first month's premium payment.
However, there is an instant coverage term life insurance policy that offers up to $1,000,000 or more of life insurance which you can begin today, if you qualify for coverage.
This life insurer offers a way for you to apply online (safe and secure) and find out in as little as 15 minutes if you are approved for life insurance.
Once approved, you can start your life insurance protection right away - the very same day. And, there's a 30 day money back guarantee.