The approval process for income protection can vary, but typically takes:
- Initial application: Completing the application can take a few hours to a few days, depending on the complexity.
- Underwriting process: The insurer reviews your medical history, occupation, and lifestyle, which can take several weeks.
- Medical exams: If required, scheduling and completing medical exams can add a few weeks.
- Approval: Overall, the process usually takes 4-6 weeks, but it can be quicker or slower depending on individual circumstances.