How long will it take to get A new term life insurance policy?

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After we have received your formal application for life insurance and you have completed your free medical exam, it normally takes at least 4 weeks for your new term life insurance policy to be approved and issued. If you have an unexceptional medical history policy issue is most often quite prompt. Longer policy issue durations normally result when there have been recent medical visits and/or treatments or major health issues and the insurance company underwriters require additional information from your physician or health providers.

When additional medical information is requested from your physician, a hospital or a provider network, a fee is paid by the insurance company to the medical provider to provide this information. Although fees are paid in advance quite often there are delays in receiving the medical history requested. Insurance companies make regular follow-up's to get the needed information in a timely manner, but must simply wait until the needed records are received.

In some instances a call from the prospective insured to the health provider helps in getting needed information released and forwarded to the insurance company for their underwriting decision and may shorten the time required for an underwriting decision and the issue of your new term life insurance policy.