Question

Life insurance applicant pays the initial premium at the time of application and receives a Conditional receipt. If coverage is issued as applied for, when did coverage go in effect ?

Answer 1

A conditional receipt gives the company time to process the application and to issue or refuse the policy. If the applicant were to die before a policy is issued, the company will pay the death benefit but only if the policy or coverage would have been issued.

So in this case, the coverage will go into effect, if the coverage is issued as applied for.