Life Insurance Medical Exam

When it comes time to purchase life insurance, a medical exam may be required of you. These tests let insurers know the exact health that you are in and what medical conditions may be ahead in the future. An exam that comes back with results that show a medical condition, such as diabetes, could put you into a different class of life insurance policies and could put you at a higher premium.

For people who are under the age of 40 and applying for a life insurance policy below $100,000 a medical exam is generally not necessary. This is not always the case. Once you have reached the age of 40 and above the policy, which you seek out will be lower if a medical exam is not administered. Someone that is in overall good health will probably be able to skip over the exam, especially if they are applying through a life insurance company that honors underwriting. Underwriting is where insurers focus on your overall health instead of one or two medical conditions. With this, they can save you money on your premium.

The medical exam that a life insurance company may have you take can consist of more than one type of test. A physical exam is the most common and will, more than likely, provide all necessary information regarding your overall health. Blood tests and urine samples are two other tests that may be asked of you. These are both great indicators if alcohol and/or drugs are present in your system. Either substance can raise your rates and take a commitment from you to lower them in the future. EKG’s or treadmill EKG’s test your stress levels and are sometimes administered through an insurance company.

Before an exam is asked of you, a questionnaire regarding your past and present health will be given to you to be filled out. Be as honest as possible. Although you may fool the questionnaire or even the exam at a later date, if you were to die as a result of a medical condition that you kept hidden, the insurance company may not pay your death benefits. It is just not worth the risk. Your medical history, including all doctors’ visits, must be provided on the questionnaire. This means all dates, doctors’ names, reasons for the visit, and the treatment you received.

Preparing for a medical exam is just like getting ready for that big test in school. You want to get a full night’s rest the night before. A full day before the exam you should be relaxing and not participating in any strenuous exercise. If you feel that you are getting sick, it is best to reschedule the exam so that the results would not be affected in any way. Alcohol should not be consumed 8 hours prior to the exam. Fasting is also recommended 8 hours before the exam. That is not a must do, but it can benefit you. If that is not a possibility, then limit the amount of cholesterol and salt you consume 24 hours prior to the exam. Caffeine and cigarettes should be stopped 1 hour before the exam starts.

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