Is instant-approval life insurance really instant?
Yes, once you submit the application, you’ll immediately find out if you’re approved.
The goal of instant-approval term life insurance is to make the buying process as quick and easy as possible. After you answer a few questions about your health and lifestyle, providers pull your data from public records (with your permission). They might look at prescription databases and DMV records. They then use complex algorithms to calculate your risk. In most cases, this gives the insurer the information they need to make an informed decision.