How long does it take to get approved for universal life insurance once you apply?

I do not have any major chronic health problems (I am 37 years of age). Please, informed answers only. Thanks everyone. To those who are complaining that life insurance is a bad investment... I just have one question: Did I ever say I was purchasing life insurance as an investment? I just do not want a love one to be without any means should I die in the next 40 years.

Public Comments

1. YIKES!!! Don't do UNIVERSAL LIFE!!!! Get a good term life insurance policy. If you want to invest, invest. If you want to buy insurance, buy insurance. Don't try to do both with the same person. They will do neitrher one well.
2. Like any life insurance - it depends. Could be as soon as two weeks after your paramed, could be two months, if there are test results or questions that mean they want a report from your doctor. But like the other poster said, yikes. Universal life is a combination of products, that gives you the least return for the most expensive insurance, and you can do better just about ANY other way. It's NOT a good "investment" or "savings" product. Pick your goals, and explore your options. Don't be 'sold' on a product based on the sales pitch.
3. You should be approved in 30-45 days at the most from the time you apply. Most companies do not want to drag the application process out any longer than that. If it is taking longer - start asking questions. Do not let others sway your choices on what is right for you. If you feel UL is a good choice, stick with it. I personally like the Variable Universal Life myself which is not too late to ask about if you are still being approved but you do what you feel is right for you.
4. This person just asked about how long......and almost all of you jumped to say ....about INVESTMENT.....Are you agents really??? or not??? Is there a question :" What to choose ...UL or TL?". May be i can't see it.
5. It should take several weeks. I agree with the other posts that advise against universal life. The insurance agents commission on this and other forms of what they call permanent life insurance earns them a commission of nearly your first years premium. That is why they push it. Sometimes they want you to think that you are getting a lot of insurance so that they combine some form of permanent life with much cheaper term insurance. You should carefully consider taking term insurance. It is much, much cheaper. The insurance agents tout the build up of cash and the monetary value of the permanent policy. Almost all agree that you would do much better off placing the difference in premiums between the permanent and term insurance policy into your own investments. Be careful when you speak to the agents. They are well trained and clever. For many their interest are not to benefit you but to earn a high commission.