Options For Getting Life Insurance Fast

We’ve grown accustomed to many quick transactions, such as same-day supermarket delivery and Amazon delivery the next day. However, how quickly can you obtain life insurance? in around 10 minutes, perhaps.

The application process for a standard life insurance policy can take a month or more. This usually involves filling out a long application form, getting a medical exam for life insurance, and the life insurance company trying to get your medical records and check other personal information.

However, many businesses are figuring out how to cut down on decision time and eliminate life insurance medical tests. Your options will be limited by your age and health.

Obtaining Immediate Life Insurance

If you’re in good health, though, you can use technology to expedite the process and avoid the necessity of a medical exam and waiting for physicians’ reports. Some companies use “accelerated underwriting” to process a term life insurance application quickly. Melbourne O’Banion, the founder and CEO of Bestow, believes it is even “enjoyable.”

Bestow, for example, uses online applications and proprietary algorithms to determine whether or not to give you a policy and at what price. While you’re waiting for your Grubhub delivery, you may want to lock in a life insurance policy.

The healthier you are, the more likely you are to qualify for immediate coverage. Prices for accelerated underwriting can be just as low as those for a full underwriting process that includes a medical exam.

Chronic medical conditions can make it difficult to receive immediate life insurance because a business will need extra time to thoroughly analyze your information, which may include a medical exam.

But it isn’t the only potential stumbling block. Non-medical issues can potentially cause a longer application procedure, according to Mark Sayre, Head of Risk Solutions at Haven Life. These could include trip plans to specific countries, dangerous hobbies, and red flags on your driving record, such as multiple speeding tickets or significant traffic offenses.

Companies that provide quick life insurance to individuals who qualify include


Bestow offers $50,000 to $1.5 million in term life insurance coverage. Term lengths range from 10 to 30 years, depending on the age of the person. Life and health insurance policies are issued by North American Co. “We made our solution to cover a wide range of applicants and risks,” says O’Banion of Bestow.

Day Forward

Day Forward is a digital life insurance company that sells coverage to individuals directly rather than through intermediaries. It’s only available in Texas right now. Unlike other term life insurance policies, Dayforward pays beneficiaries twice a month in an amount that corresponds to the wage of the family member who died. A $10,000 reimbursement is also available for funeral expenses. Even after you’ve acquired a policy, you can adjust the coverage amount and length—for example, if you have another kid and wish to extend your coverage period. Many buyers can get coverage up to $3 million in minutes.

If you don’t qualify for the instant coverage, Dayforward may send you an at-home test kit, and you’ll be guided through a 20-to-30 minute Zoom chat to gather more information, all without having to give out your contact information.


Ethos offers term life insurance coverage up to $1 million with policy periods of 10, 15, 20, or 30 years. The short application is available online, and some people may be eligible for immediate coverage. If you aren’t eligible for immediate coverage, the final approval procedure could take a week or more. Legal & General America is the company that issues the policies.


Fabric For those aged 20 to 55 who qualify, Fabric can give up to $1 million in quick-term life insurance. The lengths of term life insurance policies are 10, 15, and 20 years. Customers over the age of 65 can get higher coverage amounts and policies, but only after passing a medical assessment. Fabric promises to assist young families with financial planning by providing online wills and “vaults” for sharing financial information with others.

Haven Life

Haven Life offers InstantTerm, a no-medical-examination term life insurance option. It covers anyone between the ages of 18 and 59 for up to $1 million in coverage. Coverage amounts up to $3 million are available, but not immediately, for people aged 60 to 64. MassMutual is the company that issues policies.

Even if you don’t qualify for Haven Life’s no-medical-exam method, you could still get $1 million in temporary coverage while your application is being reviewed. Even when a medical exam is required or if an applicant’s medical history is more extensive, the approval procedure is frequently faster than the traditional underwriting process, according to Sayre. Haven Life may be able to make a decision in as little as two weeks in many circumstances, thanks to technology that allows for smoother human reviews.

“Whenever possible, applications are analyzed algorithmically, explains Sayre.

Jenny Life

Jenny Life can provide a term life insurance policy for up to $750,000 in coverage in around 15 minutes for candidates ages 29 to 50. Amounts over that are available, although data collection may take an extra 24 to 48 hours. Customers can use Jenny Life’s vocal biometrics technology to answer application questions and “sign” their applications.


Ladder offers immediate term life insurance to qualified individuals aged 20 to 60. There are several policy length options, but none of them can go beyond age 70. If you’re 50 years old, the longest term life insurance policy you can get is 20 years. Fidelity Security Life Insurance Co. is the company that issues the policies (in New York, Allianz Life Insurance Co.)

Policy Genius

Policy genius has partnered with Bright house Financial to provide up to $2 million in term life insurance without a medical exam. There are policies available with terms of 10, 20, or 30 years. Applicants can complete the entire application over the phone and receive a coverage determination in less than 30 minutes. In as little as three to four days, coverage can be activated. You must be at least 50 years old and a healthy nonsmoker to qualify.

Other Options for Quick Life Insurance

There are other options for getting quick life insurance, but they’re usually not ideal for healthy people. The benefits of guaranteed issue life insurance include no medical exam and no rejection. Colonial Penn and Globe Life are two of the many sellers.

A guaranteed issue policy is available to anyone, but there are certain drawbacks:

The coverage amounts available are often small, such as $25,000 in most cases.

The cost is excessive for the quantity of coverage provided.

There are usually “graded death benefits,” which are a means for the life insurance company to protect itself from payouts to those who were severely sick when they applied and died shortly afterward. Your beneficiaries will not receive the full life insurance benefit if you die during the first two or three years of the policy. Instead, they may be entitled to a refund of your premiums plus interest. The policy will specify how the graded death benefits are paid out.

Overall, this is a certain issue. If you’re normally healthy, life insurance is quick but not a good value. Guaranteed issue is usually reserved for people with serious health problems who need a small amount of life insurance to cover ultimate expenses like burial costs.

Making Decisions Prior to Submitting an Application

Before you get life insurance, whether quick or not, you should consider the following

What kind of life insurance do I require?

There are numerous free calculators available online to assist you in determining an amount. Use a few of them to calculate your suggested coverage quantity because they can include different questions.

Many people believe that the decision is between term and whole life insurance, but there is also universal life insurance to consider. Term life insurance is provided by the firms listed above that offer quick life insurance.

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