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How Quickly Can I Get Life Insurance?

Written by Aaron Pinkston, Wed, Dec 30 2009

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Once you apply, what is the quickest time you could get life insurance? Right away – if you meet certain requirements. Read on to learn more about how to get life insurance in an instant.

If you simply want the quickest way from application to being done with the process, we made that easy for you. Click on “Start Now” and under the question about how quickly you expect to get your policy in hand, check the box next to “1-2 weeks”. All the life insurance quotes you receive after that point should be for policies that take 1-2 weeks from start to finish. To be sure, you can review the details in your account as the quotes come in before you choose the quote that works best for you.

Because of the quick turn around time, the quotes you get generally will not require a medical exam either. But with convenience often comes extra cost. Most of these quick life insurance policies are more expensive than one that takes a little longer.

Can I be insured while I apply?

But let’s say you have patience to get the best life insurance rate from a financially sound carrier. Your concern is that you might die before you get your policy. You need life insurance to protect your family from the unexpected, but none of us know when the unexpected will happen. What if it happens while you are applying and haven’t gotten your policy yet?

Don’t worry. The people who created life insurance thought of that too. They created something called the “temporary insurance agreement” or “conditional insurance agreement.” Each one is a little different, so go over this in detail with your agent once you contact him or her. But the general idea is that as long as you are:

  1. Truthful on your life application
  2. Send a check with your application showing your intent to take the policy
  3. Complete all the underwriting requirements
  4. The insurance company would have issued you a policy had you not died
Then you are covered from that day until they make an offer or decline to make an offer to you.

I am not saying you have life insurance from the day you sign the application, but instead from the day you complete all the underwriting requirements. Again, this is a great time to talk to your insurance agent about the details. That is why if you need to have an exam for your life insurance policy, it is a good idea to get is scheduled as quickly as possible.

Each temporary insurance agreement is a little different, so if this is a concern of yours, make sure to bring it up first thing with your agent. Of course, you can never get to that point unless you choose a quote first. So go ahead and get your custom life insurance quotes to choose from now.