- Medical Exam: Some policies (mainly term life) require no exam, known as “no-exam policies.” However, many policies will require a brief medical exam to assess health and determine rates.
- Underwriting Process: The insurance company reviews your application and medical exam results to determine eligibility and premium rates. This may take several days to weeks.
- Policy Issuance: Once approved, you’ll receive a policy document detailing the terms, premiums, and coverage.
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