Underwriting - The Life Insurance Process
The fourth step in the life insurance process is underwriting. Once your application is received and your medical exam is completed, we submit everything to the insurance company. Then underwriting begins.
Underwriting is the process carriers use to determine how much it will cost to insure you. This process takes an average of four to six weeks. The amount of time it takes depends on whether or not the underwriter requests further information. Underwriters commonly request an applicant's medical records after reviewing the life insurance application and exam. Getting records from your physician is often the longest part of this process.
After all requirements are received, the underwriter will make their final decision on your application. We will notify you via email or phone as soon as your application is approved. If the offer is different than what you applied for, we will contact you to discuss your options. The underwriting process is the most time consuming part of purchasing life insurance. If you have any questions about this process, please call and speak with one of our advisors.
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