A life insurance medical exam is requested by the insurer during the application process. The exam is meant to evaluate your health as well as your drug use. The insurer will also be able to review your medical history as well as other information that will help during the life insurance application.
Usually, you will be required to bring urine, blood samples or the insurer will perform a physical test. Medical exams are a must when it comes to life insurance application since they help the insurance company to approve your health details and you do not pay for the test.
Often times the life insurance medical exam is done by a highly trained nurse. The results will then determine whether you will be successful in your life insurance application or not. If the results are good, you will also be notified of the annual premium.
Remember, there are usually two policies when it comes to life insurance application- no exam life insurance policies and a full medical exam policy. If you invest in the no life exam life insurance policy, you will not be required to go through the medical exam process but for the life insurance policy, you will be required to provide years of your medical records.
Where You Can Get a Life Insurance Medical Exam
The best part about life insurance medical exam is that the medical professional will come to your home/office to take samples and the exam may take less than 30 minutes. However, although the no life insurance policy does not require you to get medically examined; you will be required to provide medical records from your doctor.
The Stages of the Life Insurance Medical Exam
The life insurance medical exam will usually involve two stages
Stage 1: The medical professional will ask you numerous questions using a questionnaire
Stage 2: The medical professional will then collect samples. In this case, you may be requested to give a sample of urine and blood. As mentioned above, you do not have to go to a hospital to be tested as everything can be done in your home or office. Your life insurance company will let you know of the test to be done in advance.
Questions to Expect During a Life Insurance Medical Exam
According to Test Country, the medical professional will usually ask you the following questions.
- The medical professional will inquire about your medical history, medications and any procedures that have been done on you. She/he will also ask you numerous questions to ensure they get all the information they need concerning your medical history.
- Family medical history
- The name, address and contact number of your primary doctor. You also provide details of any doctor who has examined you. So ensure you get their details in advance.
- Whether you smoke, drink or you take recreational drugs as well as exercise.
- The insurance premium you are willing to invest in.
- Whether you have a pre-existing medical condition.
Procedures of a Life Insurance Medical Exam
A life insurance medical exam includes the following procedures:
The medical professional will:
- Examine your blood pressure and pulse,
- Take a blood sample to test for HIV, glucose, protein as well as cholesterol.
- Urine Sample to check your HIV status, glucose, cocaine, and creatinine.
- Measurement of your height and weight
The whole process usually takes about 20-30 minutes. But if the doctor requires an EKG, then you should expect the medical exam to take about 50 minutes. The medical professional will then give you the results of the test results after they have done their analysis. However, if the results are just okay, you may not need to request the results.
Why Is A Medical Exam Required During Life Insurance Application?
A life insurance medical exam will be performed to help insurance companies:
- Confirm the originality of the information you provide during the application process
- To assess your medical history. The medical professional will ask you questions about you and your family medical history. If the insurance company determines that you have a short life span, they may decide to charge you a higher premium earlier on.
- To determine whether you have a pre-existing medical condition like HIV, diabetes, and more. The company will also evaluate drug use
What Happens If You Fail a Life Insurance Medical Exam?
The information you provide must match the data collected during your medical exam, else you will be denied coverage or get further medical testing. Always get a copy of the results from the insurance company that performed the test. Sometimes the results might not be correct, so you will want to ask the insurer to conduct further testing.
The reason why we advise you to get a copy of the results is that it will help you talk to your doctor about the condition of your health. Note that you might also have failed the test due to a mistake by the insurance company so your doctor can help to remedy the situation.