There are insurance companies that offer life insurance without the hassle. As you may know, when you complete an application for life insurance, the process can take months. First you have to go through the process of providing a blood and urine sample for inspection. This usually involves someone coming to your home to collect the samples. Then underwriting does their due diligence in checking your medical history. For most people, if they are approved it takes about two months to receive a policy.
Some companies offer products that you can apply for, go through underwriting, and receive a policy within a week. They have a streamlined underwriting process, without the blood and urine samples. They check your medical history with the MIB. No, it’s not Men In Black. It’s the Medical Information Bureau. They will also check your MVR or moving violations report and your prescriptions records. That’s it. Once they review your history they will issue a policy. You don’t have to go through the inconvenience of giving samples and waiting for a month or two.