The information on this site does not modify any insurance policy terms in any way. Ready to buy life insurance? Not so fast — you might first have to undergo a medical exam to help the insurer estimate your life expectancy and determine your rate.
This is because life insurance companies use a process called underwriting where they determine the potential risk of having to actually pay out your life insurance policy. A life insurance health exam is a simple physical. Using this information helps them determine how much they will charge you for your insurance policy. That assumes the policy requires a medical exam. Instead of going to your doctor for this exam, you can usually arrange to have the life insurance company send a technician to your home or office at a time that works for your schedule.
The exam itself usually lasts about 30 minutes. There are two parts to this exam:. The technician will ask you a series of health-related questions designed to give the life insurance company an idea of how healthy you are. There are usually questions about any medications you take, how often you take them and their dosages.
It is vitally important to be truthful when answering these questions, because if the insurer finds out that you were lying after the policy has been issued, it may discontinue your coverage. There should be no discrepancies between your answers to these questions and the information you supplied on your application.
The technician will give you a physical exam, where they check your height, weight, pulse, blood pressure and also take blood and urine samples. If you are older or are applying for a large death benefit, they may also do an EKG to measure the electrical activity in your heart. If you are a male over age 50, you may also be asked to undergo a prostate specific antigen PSA test.
In rare instances you may also be asked for a saliva sample or to get X-rayed. The technician will then use your height and weight to calculate your body mass index BMI and the liquid samples to screen for a variety of possible health conditions.
These conditions can include:. All in all, the life insurance health exam should be a quick and convenient process for you. It allows your insurer to check for a broad range of health conditions. This, in turn, helps them determine your life expectancy and, consequently, your premiums. When scheduling your exam, ask whether you need to fast. You might have to avoid eating and drinking anything other than water during the 12 hours before your exam.
You may be able to access the results of your blood and urine tests, depending on the paramedical company that conducted the test. For example, ExamOne—which is one of the top paramedical services—provides results within seven to 14 days after an exam.
Applicants can register on the ExamOne website and be notified by email when their results are available. To find out whether you can get your exam results, ask the representative you speak with when you schedule your exam. In addition to your application and medical exam, insurers gather information about you in a variety of ways.
They get more information about your health by getting your medical records from your doctor, by using a third-party company such as Milliman Intelliscript to check your prescription history, and by using the MIB Group database to verify information on your application.
Insurers will check your motor vehicle report for violations that would show that you engage in risky behavior. They may even use credit in their assessment of your risk. Expect to be asked about planned travel outside the U. Department of State. And if you apply for coverage worth several million dollars, you might have to provide third-party financial statements such as tax returns or documents from an accountant.
Insurers use all of this information to determine your underwriting classification—which is also called a risk or rate class. Insurers usually have preferred and standard rate classes but might also have preferred plus and standard plus classes. They usually also have a substandard category for people with more severe health conditions.
Those in the preferred plus and preferred classes get the lowest rates. To qualify for the best rates, you must generally be in good health with no tobacco use in the past three to five years, have a clean driving record, no history of drug or alcohol treatment, and no family history of heart disease or cancer before age Many insurers offer no-exam life insurance policies.
Accelerated underwriting: Many life insurance providers today offer no-exam policies and a speedier application process. There are also options for fast life insurance , where providers use data and algorithms to quickly decide on a term life insurance rate for you. These options are generally available to younger under 50 or 60 , healthier applicants. For the health and safety of examiners and other customers, please be honest.
Did require a medical exam even though I'm under 40 and in great health. That kind of dragged the process out. First schedualed exam was canceled last minute as well. But rates were pretty good. Website is a little rough around the edges, has room for improvement.
Very easy and quick. From start to finish including medical exam, it was all less than three weeks. Rates where fantastic and worked for our family. Fast, fair and efficient. From the moment I requested information to the time I signed my policy online, it was smooth sailing.
Simple and easy. All done! But you can take steps to ensure that your results accurately represent your health. Even black coffee can raise blood pressure results. Not only that but it can dehydrate you, making it harder for the paramed to draw a good blood sample or urine specimen.
Once you complete the physical exam, you will be provided with a barcode number to view your results online. With that number, you can register online to be notified when the results are available. You can always apply for a new policy later or ask your insurer to reconsider your rate class if your health has improved. Of course, this will likely entail going through another health exam, but it could be worth it if it allows you to pay a lower life insurance premium.
The medical exam is a necessary step for many applicants who want to get the best value with their life insurance coverage — the coverage they need at a competitive price. The Haven Term policy is issued by MassMutual, an industry leader with over years of experience. Brittney Burgett is the marketing and communications director at Haven Life , a customer-centric life insurance agency backed and wholly owned by MassMutual.
Apply for affordable life insurance with no medical exams. Then, apply for same-day coverage in less than 10 minutes. A physical exam, blood tests, urinalysis, and an electrocardiogram EKG may all be part of the assessment. Most life and term insurance companies give free medical examinations as part of their policy. The company offers the chance to verify your health information because it involves giving you a medical exam for free. Third-party firms, such as ExamOne that insurance companies hire to perform medical exams, are in charge of most of these examinations.
After your application has been evaluated, your insurance agent or the testing company will contact you to schedule an examination. The examinations are quite easy and may be done at your house, at work, or in a local testing center. The entire survey should take you no more than 30 minutes.
Blood tests are done as part of the risk assessment for life insurance coverage. They also assess current status in those with a known medical condition, such as diabetes.
Normal ranges vary slightly depending on the laboratory doing the test and the gender and age of the patient.
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