When you apply for life insurance, the insurance company will most likely ask you to take a life insurance medical exam.
This exam is part of the underwriting process. Your health status determines how much you will pay for your health insurance should you be accepted.
The exam isn’t anything too intense; it’s basically like your regular physical at the doctor. The exam is meant to confirm the details you provided in your application.
Your potential insurer will pay for your medical exam.
It saves you money! That’s right: a medical exam helps prove how healthy you are. The healthier the exam shows you to be, the cheaper your policy will likely turn out.
If you have a health issue here and there, fear not. You won’t automatically get a bad rate. You’re likely going to get a better rate than you think.
Most insurance agencies will send a nurse to you. You don’t even need to go to the doctor’s office! And the exam should take less than an hour.
The nurse will first go over your application again. They will ask questions about your medical history. Then, the nurse will typically take your vital signs. They will also likely get a sample of your blood and a sample of your urine.
Information about your pulse, your blood pressure, your height, your weight and your blood contents can help insurers predict your risk of heart disease.
The blood test accounts for cholesterol, blood sugar, signs of drug use and more. The urine tests helps determine your level of tobacco and drug use to predict healthy kidney and liver function.
Stay healthy! There’s no better time to start taking care of your body than now. The healthier you are, the lower your life insurance premiums will be.
Exercise more, smoke and drink less and eat as healthily as your budget allows. Every little healthy choice helps better your physical body and lower your insurance rates!