Term Life Insurance FAQ
THE MEDICAL EXAM
Q. Why do I need a life insurance medical exam?
A. There are many benefits of a life insurance medical exam
The life insurance exam helps to pinpoint certain aspects
of your health situation to determine your exact rate class.
A simple blood test and urine sample measure cholesterol levels
or screen for problems such as diabetes, liver or kidney disorders.
By getting a clear picture of your health from your life insurance
medical exam, the insurance company can place you in the most
accurate rate class, which determines what you pay. This can
mean a lower cost for your policy.
Insurance policies that require a medical exam are called
medically underwritten policies. The policies that are not
medically underwritten often cost more, because the medical
risks are averaged across the board. If you are healthy, you
essentially pick up the tab for someone who is not as healthy.
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