Life insurance examination

Posted: Wed Oct 01, 2008 05:17 am Post Subject:

Since the life insurance premium is directly related to the life expectancy of the individual, the applicant id required to appear before the medical board and pass through the medical underwriting process before obtaining the coverage.

If you are in average good health, you may only require to undergo the general health check-up. But, if you have a history of illness and have a habit of smoking the screening may get severe.

However, life insurance companies may not even require medical tests if you are very young and have a very good health. The medical underwriting becomes mandatory as you grow old.

Posted: Wed Oct 01, 2008 05:20 am Post Subject:

Hi Purpleheaded08,

You can read some great responses from our community members on medical underwriting in the following thread. Check it out!!

http://www.ampminsure.org/health/medical-underwriting.html

Posted: Wed Oct 01, 2008 05:44 am Post Subject:

Medical Underwriting is important in obtaining life coverage, but its not mandatory always and also there are policies that one can receive without taking the medical tests.

The guaranteed life insurance policy is one such coverage that one can receive without medical underwriting. There are various types of guaranteed life plans available in the market. For the whole life guaranteed policy, the premium rate and the coverage level may remain constant for the entire tenure of the plan.

However, for non-medical life plans you are required to pay very high premium even for a nominal coverage level.

~Jeremy

Posted: Wed Oct 01, 2008 05:50 am Post Subject:

Yeah, the guaranteed life plans may be ideal for individuals with severe medical condition or late age. Most often the guaranteed life plans benefits are used in covering the funeral expenses and the state taxes of the deceased.

Another form of guaranteed life plan might be the burial policy. The burial policy helps to meet the burial expenses of the deceased. Most seniors apply and qualify for the burial plans.

Posted: Wed Oct 01, 2008 08:38 am Post Subject:

Yeah, many of the carriers would ask the applicants to sit for a medical test prior to covering them with life insurance. Under circumstances when you're below 40 years or have applied for coverage below $1,00,000, then you don't need to sit for it. The chances of getting a good worth of coverage with any medical test diminish as you move ahead in life. But then again a lot of these would depend on the underwriting parameters of your chosen carrier as well as your health conditions prior to your application. Evan

Posted: Wed Oct 01, 2008 08:52 am Post Subject:

See..when I'd think of a medical exam I see the same old urine tests, blood analysis and routine physical check ups. It is only for some giant policies that a carrier may seek the test reports concerning your stress analysis. Under such scenarios, you'd need to furnish your medical track-record, attach the names of the doctors as well as the nature of the treatments. Some of them may even inquire about the date and time of such visits. Such tests are generally conducted under the supervision of a doctor or an experienced nurse hired by the insurance carrier.
ArindamSenIndies

Posted: Wed Oct 01, 2008 09:19 am Post Subject:

Well, things gottabe a bit different when the applicant has pre-existing medical conditions. This is when you should not hide anything concerning your health from your prospective carrier. Insurance companies may obtain most of the information concerning your health through the MIB (Medical information bureau).
In case you try hiding health facts and your carrier finds out something crucial, then they might start analyzing each and every financial record concerning your life. In the event you'd pass away due to any illness that you'd hidden initially, then your carrier may choose not to pay your death benefit to your beneficiary. Crossbreed

Posted: Wed Oct 01, 2008 10:02 am Post Subject:

Hi!
There are certain things that you'd need to follow before you go for the test-

* Take rest before you for the test
* Fast for about 7-8 hours prior to your test
* Don't consume caffeine for about an hour prior to your test
* Don't take alcohol for about 8 hours prior to your test
* Avoid smoking since an hour prior to your test
In case you follow these instructions, I'm sure you'd get good results!
Fatman

Posted: Wed Oct 01, 2008 10:11 am Post Subject:

I'd also suggest that you remember the following:

• 
  
• Don't go for any exhaustive physical activity for 24 hours prior to your test
  
• Check the intake of salt or cholesterol for at least 24 hours prior to your test
  
• If you're not too well on the day of the test then opt out of it (The test results won't be accurate even if you're suffering from a minor infection).

Posted: Wed Oct 08, 2008 04:34 pm Post Subject: Life Insurance Exam

For the most part the exam will consist of a blood test, a urine test, and a brief medical history questionnaire. Depending on your age, say 60+ and the amount of the insurance you might be required to take an ECG electrocardiogram, this can be done at home with the proper equipment. Remember no red meat the week before a test, no exercising for 36 hours before a test, fast as much as you can, and be honest on your questionnaire- it can really speed up your underwriting process.