One of the great things happening in life insurance is the ability to get approved fast, at least for some people. However, for many people, this is simply not going to be experienced.

4 reason life insurance approval can be delayed.

Here are 4 reasons your life insurance is taking forever to be accepted?

Health issues – Depending on how you answer a question in the application. That can cause the application to go to underwriting. This means an extended waiting time before the issuing.
Doctors – Sometimes, the underwriter will follow up with your doctor because of current or previous health issues. This does not mean you will get denied. However, now you are waiting on the doctor. They are not known for speed in this area.
You failed to answer one of the questions or filled it out wrong. It is a simple mistake as you answer a lot of questions.
Not setting up payment – If you failed to set up the payment during the application, this will slow down the acceptance and start of the life insurance policy

For some yes, a policy can be issued within an hour. For others a policy can take anywhere from 3-4 weeks to 2 months, depending on the situation. I suspect as insurance companies adapt technology, you will see an increase in speed for the underwriting.

What type of life insurance are you looking for?

Final Expense Coverage

Posted on May 14, 2021June 13, 2021 by Matthew Laker

What is Final Expense Coverage?

The end of life is a stressful time for families. To help lower the decision-making process and stress at that time, we create a plan now.
This plan will look to cover the expense of your burial, funeral cost, as well any outstanding debts, probate fees, or other expenses.

Why Do I need it?

To not burden your loved ones with decision-making during their time of grieving, you preplan. This plan involves lowering the financial burden on your family. This also lets them know of your wishes for the funeral, etc.

Tax-free Benefits
Funeral Protection can become a tax-free benefit when used to fund an Eligible Funeral Arrangement with a licensed funeral provider in Canada.

Protection

For those who have investment funds that you want to leave to your family, we can set up protection so that creditors can not access them.

Funeral Planning

Here is a great tool to help you plan your funeral from one of the companies I work with –

Download: The funeral planning worksheet.

Let's meet for a complimentary meeting and get you set up.