Is there a required amount of time that a insurance co. must approve or disapprove a term life policy applica?
Actually, it depends on the specific life insurance company.
Each insurance company has their own underwriting guidelines and requirements to analyze your application and you as a prospective insured before approving or disapproving your policy.
It may take up to 4-6 weeks or more depending on the company.
However, there is another option, which is life insurance with no medical exam required. The insurer gives you an instant quote online. You answer a few health questions and they let you know within 15 minutes of you qualify for coverage.
If you qualify, you can pay your first month's premium online by credit card and get your policy "In Force" the same day. To learn more and get a quote you can go to http://www.rbcexpressterm.com/partners/d...
No. Usually it takes 30-60 days, but could be longer, if they are waiting on medical records from your physician.
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