Once your life insurance application and life insurance medical exam have been completed, they are sent to the life insurance carrier and the underwriting process begins. Underwriting is the process whereby your application and exam results are reviewed, and your final health class and rates are determined.
Life insurance rates are predetermined and based off of the health class that you fall into. Each life insurance company has different requirements for each health class. After reviewing your applications, medical results, dmv records, and sometimes an APS (attending physician statement), the life insurance underwriter will assign you a health class and your rates will be determined.
This entire process normally takes anywhere from one to two months, however it can be quicker or longer based on the needed requirements for your individual case.
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