Your choosing InsPeak as your life insurance provider is an honor for us. We strive to find the best carriers that will care for your loved ones when you cannot. After applying for life insurance with one of our agents, many people assume life insurance is active the same day. Unfortunately, there’s a waiting period between application enrollment and policy activation.
How Long After You Sign Up for Life Insurance Will the Policy Become Active?
In Arlington, TX, the waiting period for life insurance activation is three months or fewer. Within that timeframe, our agents at InsPeak will review your application, medical exam, and risk profile. You also have no life insurance coverage. The waiting period ends when you receive approval from the insurance company. Complete the waiting period by doing your part: Sign the policy and pay your first premium. After the first payment, your policy is officially active.
Is There Life Insurance With Shorter Waiting Periods?
Yes. One option is to add temporary life insurance during the application process. Temporary life insurance provides coverage between signup and activation. A second option is applying for no-health-exam life insurance. That shortens the waiting period because a health exam is not a requirement. Accelerated underwriting has a similar rule, but it determines coverage based on past exams. A third option is applying for instant life insurance. The policy is active the same day you apply. A fourth option is joining an employer’s life insurance plan.
Our team wants our policyholders to have active coverage straightaway, but we need the waiting period to determine eligibility and premiums. We want to verify everything thoroughly to provide suitable coverage for your needs. For more information on life insurance, contact our office, serving Arlington, TX and the surrounding area, today.
