Term Life Insurance Policy Issue Process

The Policy Issue Process

Once the underwriting process on your application for life insurance is completed, the insurance company will issue your new policy. At this point, your rating class and final premium rate are determined. After issuing your policy, the insurance company will mail the policy to QuickQuote.

When your life insurance policy arrives in our offices, it will be processed by our staff and mailed to you within one business day. Processing includes Quality Control of the policy for errors, inputting policy information into our database and preparing the policy for shipment.

When you receive your life insurance policy in the mail, please check inside the package for a policy cover letter issued by QuickQuote. This letter contains important information for putting your policy in force. Please follow the instructions included in the letter and return any necessary delivery requirements to us as quickly as possible. Also included will be a Business Reply return envelope for your convenience.

Please note that any delivery requirements listed are time sensitive and must be returned to QuickQuote promptly. Generally, you will have some time to review the policy before these requirements are due back in our office. Please contact us if you need more time to return these requirements.

If no delivery requirements are listed in your policy cover letter, your policy will already be in force as of the policy date.

If your policy was issued differently than you applied for (e.g. different rating class or higher premium rate), your policy cover letter will explain the reasons for the underwriting decision. The letter will also include options for making policy changes to reduce your premium. If you wish to select one of these options rather than the original terms stated on your application, please check the option you desire and return the letter to us. You can also contact us to save time. We will then instruct the insurance company to reissue your policy on the new terms you selected.

Once QuickQuote receives your delivery requirements, we will process them and forward them to the insurance company within one business day. Provided everything is included and accurate, your coverage will be effective. However, your policy will not show as 'In Force' with the insurance company until they receive the delivery requirements from us.

Get a Term Life Insurance Quote now.

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