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It all depends on the face amount and how much underwriting is involved. The bigger the face amount, the longer it takes. (More medical information required.)
If you give the equivalent of one month's premium, most policies have what is called a temporary insurance agreement. This puts a certain amount of insurance in-force as of the date of the application. This amount differs from company to company, but it usually is up to $250,000.
Once you have passed the medical and consumer underwriting, the insurance company issues the policy. On the date of issue, the face amount applied for is put in force and the temporary agreement is cancelled.
What else can I help you with?
How do I get immediate healthcare coverage?
You can get immediate healthcare coverage by contacting an insurance agency and applying immediately. In general, the policy will become active as soon as your first payment is received.
When does the rat become active?
Rats are nocturnal. They become active soon after dusk, about a half hour after they sense that humans are not active, if they live in or near a house.
How soon are you covered for life insurance?
24 hours
How soon after birth can you start taking the pill again?
As soon as you become sexually active again. Or you can wait a few months and get your partner to wear a condom.
What age do most girls go on birth control?
Hopefully as soon as they become sexually active, if not before.
Why is it considered a bad idea to get life insurance for a child?
It is considered a bad idea for a child to get life insurance because insurance policies are paid continuously. Compared to a child, whose life expectancy is longer, adults will get more from life insurance policies because they are more like to die soon.
Are there any complaints against Loyal American Life Insurance company?
There will be one soon. I am making it.
How soon after death will money be available?
If you mean life insurance - maybe 30 days. Probate?
How soon can you make a life insurance claim?
Call the insurance company and ask that they mail, fax or email a claim form to you. You can then make a life insurance claim as soon as you are able to obtain a certified copy of the death certificate which is required to make a claim. The insurance company will then issue a check made payable to the named beneficiaries or to the estate if there are no named beneficiaries.
What age should one be to consider guaranteed life insurance?
You can get life insurance as soon as you are able to legally sign for it. I know people who have gotten married at the age of 18 and signed up for life insurance. It is definitely something you should look into, especially if you have a family.
If you have life insurance through your company do you lose your life insurance if terminated?
It depends on your company, and the way that they have set up the plan. Some of the group life insurance is portable, which means that it comes with you when you leave if you so desire. Other types of group life terminate as soon as you leave employment.
What is portable supplemental life insurance?
Portable supplemental life insurance is any individual life insurance policy that is not taken through an employer group. The employer provided life insurance coverage will be lost as soon as you change jobs, get laid off, fired or if you quit, while the individual life insurance policies will continue to stay in force regardless of your employment situation (providing you are paying the premiums on time).
