How Do You Buy Life Insurance? 
The first step to buying life insurance is finding someone to sell it to you . This can be done by searching on the internet for `` instant life insurance quotes '' or `` diabetes life insurance '' or whatever search term fits your situation . Then pick the one that gives you a good price and appears to have a good reputation as evidenced by testimonials , being part of the BBB , etc. . OR you can call a local agent or agency . Once you visit with your agent and narrow down what policy you want to apply for , you fill out an application , sign and submit it . This can be done digitally or by a wet signature . The application then goes to the life insurance company for review . If you are getting a policy that does not require an exam , the policy may go into effect within as little as an hour or as long as a month . If you are applying for a medically underwritten policy , you will be contacted by a local paramed exam company to schedule a short exam done in your home or place of your choice . They will collect a blood sample , urine sample , blood pressure , etc , and ask health questions . The life insurance company may also order medical records from your physician -LRB- s -RRB- . When all the requirements are in and the underwriter has reviewed it all , he/she will approve your policy at the rating that is warranted based on your medical and other information . They will notify your agent , who will then notify you . Payment may be done at the time the application is done , at the time the policy is approved , or after you receive the policy in the mail and you have looked it over and decided to keep it . 