Can Life Insurance cover be arranged quickly?

• Whether the Insurance Company feels it needs extra information about you - and this decision will be based on the information on your application form (which you have to complete if you decide to proceed).
• Whether the broker processing your application (typically your Insurance Broker) has the systems to expedite your application.

About 33% of all applications are accepted immediately by the Insurance Company. This will have been assessed by a computer, based on information from your application.

All other applications will experience some element of delay. This is because the application has to be considered by an Underwriter. This may mean that your application is accepted but is delayed by a week or two - but it can also lead to a request for more information about you. If this is the case, your application will be kept on hold until this additional information is received.

The most common information requested by the insurance companies, relates to medical queries. They may ask your GP for information or ask you to have a medical (which the Insurance Company pays for). Unfortunately, the hard-pressed GP is the most common reason for an extended delay. Some are very slow to respond to a request for medical information.

Another common delay is that many applicants are slow to respond to a request for extra information.

The following Frequently Asked Question is related to the above topic. You may care to read it: -

Can I get a Quote now online?
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