Life insurance plans with guaranteed approval have graded death benefits the first 2 years you are insured.
So, you don’t have full coverage until after you have been covered for two years.
However, regular life insurance policies have immediate coverage once you have applied for a policy, taken your medical exam, and the insurance company has underwritten the risk for your life insurance.
This process may take up to 4 to 6 weeks to get insured and covered.
In addition, there are instant issue life insurance policies available with immediate coverage you may begin today. With these quick issue plans there are no medical exams required.
You can get an instant price quote and apply online for your life insurance policy in minutes.
And, if you are approved, you may start your life insurance coverage the same day.