Contrary to popular opinion, purchasing life insurance regardless of the size or type of policy, is so much more than ‘shopping a rate’ on the Internet. The actual process of underwriting and ultimately qualifying for a policy can be both personally invasive and time consuming.  Today, the most basic policy requires the coordination of numerous financial and medical components as well as final underwriting by the insurance carrier.  The average policy issue time is four to eight weeks.

Advanced underwriting markets and techniques such as wealth management, estate planning, buy-sell contracts, business succession, key-man contracts, non-qualified deferred compensation, split-dollar plans, premium financing, and life settlements are cases that commonly span months or longer to implement.