Jul 18
How can I shorten the amount of time it will take to get my term life insurance approved?
Most people don’t understand what’s involved in the term life insurance underwriting process. That’s why it can be very frustrating at times. So here’s a brief overview of how to avoid delays in the process:
Underwriting is a time where the life insurance companies gather information about you. This is done in several ways: the application, the paramed exam, and additional requirements by the insurance company, to name a few.
The sooner you return the application, the quicker the underwriting process can begin. However, before you return your application, make sure it is complete. Missing information can cause delays into the process. This is a simple problem to avoid. In addition, make sure you get your paramed exam done quickly because without it we can’t get the process started.
If there are additional requirements needed (such as additional tests e.g. electrocardiogram and treadmill, physician’s statements, and medical records) they can be sources of long delays. In order to minimize the delay, you can assist your life insurance agent in obtaining these by scheduling any additional tests immediately and call ing our physician(s) to expedite records and statements.
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