Life Insurance Application Process: What you Need to Know?

It’s insurance made easy when you know what to expect when applying for life insurance online.


life insurance application

Many people are, most of the time, discouraged in buying life insurance. The reason behind this is the fact that the entire process can go over a month. Although, no medical examinstant issue, and guaranteed issue are all life insurance products that offer a quicker alternative to regular medically underwritten life insurance. 

If you are looking into getting this type of insurance for future security, then you may want to know how long you need to wait for the entire process to finish. 

This knowledge is essential to become aware of the things that you need to prepare before you decide to acquire the life insurance that you need. This article will provide you with detailed information on how the entire process goes. 

what are the steps to get life insuranceWhat are the steps to get life insurance

  1. Decide what type of life insurance. Term versus whole? 
  2. Calculate how much coverage to buy. 
  3. Pick the length of your policy. 
  4. Compare life insurance quotes. 
  5. Fill out an application. 
  6. Do your phone interview. 
  7. Take the medical exam. 
  8. Sit back & relax.

life insurance application process

What Do You Need To Go Through With 

The Life Insurance Application Process?

Step 1: Decide on the Amount of Coverage

The first process involves your decision-making by assessing your need for insurance coverage. The best policy, according to Coach B. and most insurers is a plan that can cover long-term debts as well as at least five years of your yearly income. An online quotation through Coach B. Life Insurance’s “direct to consumer” quote and apply platform can give you a rough estimation of how much coverage you can get and the premium you need to pay with some of the best insurance companies in the United States. 

Step 2: Finish an Online Application Form

Once you decide on a particular insurance provider, then the next best thing to do is to fill out a life insurance application online form. You will be asked some personal questions like your current job, daily activities, and lifestyle. The estimated time to finish an application form is 10 minutes. It is essential to read every question before answering carefully. Most of the life insurance application is now done online and sent directly, so you do not have to step out of the comfort of your home.

Step 3: Medical Examination

Insurers will do a run-through with your life insurance application form, and they will decide whether you will continue with the next step. You will receive a call from the insurer for a short phone call interview regarding the details written in your life insurance application form. If everything goes well with the interview, then you will be scheduled for a medical examination. 

Typically, you need to wait for one week or more for the scheduling of the medical exam. The company will usually offer to come to your home or place of business, and some may need you to go to their medical facility. The medical exam includes a urine test, complete blood count, and other tests necessary to know your current health condition. Also, you will be asked to answer another medical questionnaire. The result is sent directly to the insurer; you need to wait for them to call you for the result.

Step 4: Some Added Information

In the case of a health condition, then the insurer will request an APS or also known as Attending Physician Statement; however, it is an expensive document to request and adds weeks to the waiting time. The good thing is that insurers rarely a 

The final step is the assessment from the underwriter. Underwriting is a process wherein all medical records and information given go through the analysis. It will give the insurer the idea of the actual risk involved and how much premium you need to pay. During this time, you will receive some calls from the insurer rarely asking follow-up questions.

Step 5: Issuance of the Policy

If everything on the life insurance application falls into its proper place, then you will get coverage between 7 to 10 days.

Get A Quote Today! Why Not It's "FREE"

Because Were Good At What We Do

Life Insurance Application Questions On A Non-Medical Exam Policy

life insurance application questions In case you are thinking of applying for this coverage for a more painless approval process. No medical exam life insurance will not require the applicant to go through a series of medical examinations. Still, there will be a thorough investigation of your medical records and other essential documents. Before you decide on this type of coverage, you need to know that most insurers charge a higher premium of about 10% to 20% more compare to the regular one. 

Also, you must be healthy and with no underlying illnesses. You need to fill out medical questions, and they will verify the authenticity of your answer through the Medical Information Bureau. Also, they will look into driving and pharmacy records.

Only applicable for people with extreme fear of needles, who are in good health but can’t wait, and for those who have not seen a doctor for more than three years.

When applying for an individual life insurance policy an applicant may have to submit some of this

when applying for an individual life insurance policy an applicantThe period that you need to wait may vary according to an individual’s condition, but surely, it will not take forever. The following are some possible issues that might affect your waiting time.

  • Credit checks

Some insurers might ask for a credit check, and it will add up to the time that you need to wait. The common reason is most of the time linked to a financial condition like bankruptcy. 

  • Expensive Policies

If you are looking for high coverage, then the insurer will do stringent checking, and that will add even more time to the life insurance application process. 

  • Special Policy Type

There are particular types of coverage, such as cash value and the indexed universal coverage that require more checking on the part of the insurer.

  • Your age

One of the most significant issues that can affect your waiting time is age. Because insurers calculate the life expectancy to know if you are still capable of paying a monthly premium for a more extended period, it is good to know that there are types of life insurance that are created explicitly for senior applicants.

  • Medical Records

This is applicable for no medical exam applicants, and it is with no additional cost as the insurer will pay for all additional expenses for the request. It is essential to inform your doctor in advance if you apply for this type of policy to avoid a long life insurance application process.

  • Undisclosed Health Risks

Some applicants are tempted to undisclosed everything about their medical condition, history, or records. This is the very last thing that you want to do as it will affect your credibility as an applicant. Any single undeclared information about your health status will indeed affect your application process and may lead to denial. Insurers are very keen on checking the details of the applicant, and they even check your social media account to get accurate information. 

Compare and buy life insurance

Sample life insurance application

sample life insurance application

After the life insurance applications

Getting your policy issue will depend on how long it takes the insurer to get your medical records and to verify the information on the life insurance application. If they had any follow-up questions, that would extend the life insurance application process. In my 30 years in the business, my experience tells me it takes about ten days for a non-medical simplified issue policy to get issued and about 4-6 weeks for a fully medical underwritten policy to be issued. 

Important Point to Remember When Answering Life Insurance Application Interview Questions

One of the critical factors that can help with your life insurance application process is a proactive insurance agent. Seasoned and professional agents are well versed in the in and outs of the application process. They can make the entire process easy and quick for you. 

Coach B. Life Insurance can help you!

Toll-Free: (800) 342-1537

Email:  [email protected]

Let us shop for you

Direct to consumer Quote and Apply

Meet the team

About Coach B.

After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers — without ever bugging or pushing them.

In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. — whether they end up buying a policy or not — has the best possible experience.

More Articles

Best Life Insurance For Family

Best Life Insurance For Family Family life insurance will help put a surviving spouse and children on solid financial ground for families facing an uncertain

Read More »


Send Us A Message