Buying Term Life Insurance, Part II

Written by Nickel - 3 Comments

So far so good. Less than twelve hours after applying for term life insurance, we received a call from IntelliQuote. They wanted to verify our address so they could send us our application packets. They also wanted to schedule our medical exams. Just a day later they e-mailed to tell us that our applications were in the mail, and that we should be receiving them within three or four days. One thing that I learned from the e-mail was that the six to eight weeks for underwriting starts after our medical exams are complete and they’ve received our completed application packets. Thus, it looks like it may end up being more like 8-10 weeks from when we initially applied online until our applications have been approved. I can’t imagine why it should take that long, but it does. Oh well, I guess I’ll just have to be extra careful not to die in the interim…

Read Part I of Buying Term Life Insurance
You are currently reading Part II
Read Part III of Buying Term Life Insurance
Read Part IV of Buying Term Life Insurance

Published on September 2nd, 2005 - 3 Comments
Filed under: Insurance
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

Comments (scroll down to add your own):

You should be fine. If you’re in your 30’s, the chances of you croaking any time soon is pretty low.
Comment by FMF — Sep 2nd 2005 @ 9:49 am
Good luck; I’d prefer that you make it until you have life insurance, or even a bit farther. This site would get a bit stale without you, is my guess!
Comment by Blaine Moore — Sep 2nd 2005 @ 10:14 am
Thanks for the positive vibes, guys.

Comment by nickel — Sep 4th 2005 @ 1:11 pm