If you've made the wise choice to purchase a life insurance policy, you're doing the best possible thing to protect your family's financial future. Life insurance provides many benefits, among them a provision of financial resources for your dependents after you die.
When you purchase a life insurance policy, you want to make sure that you get the best value. The issuing company also wants to ensure that you're reasonably healthy and being truthful on your policy application. For both of these reasons, the policy issuer will ask that you undergo a life insurance exam before they issue your policy.
How a Life Insurance Exam Works
A life insurance exam, also called a paramedical exam, is a simple medical exam that is done at the life insurance company's expense. Often, the technician or nurse will come to your home or office to take some basic measurements. These include height, weight, blood pressure, and pulse. In some cases, the life insurance company will order a blood test, urine test, and EKG, which can be completed in a physician's office.
What the Insurer is Testing For
When you have a life insurance exam, the insurer is testing for several things. Among them are elevated cholesterol, high blood pressure, elevated glucose, and nicotine. Some of these results could be risk factors for such things as heart disease and diabetes. If you do have any of these present upon testing, your rates may not be the same as those originally quoted.
The best ratings for life insurance are often termed "preferred plus." This means that you have a clean bill of health, are a non-smoker, and have a healthy body mass index (BMI). If any of these aren't the case, your rating drops and your premiums will begin to increase.
Preparing for an Insurance Exam
While you can't study for an insurance exam, there are a few things that you can do to be prepared and help those basic measurements. Get a good night's rest before the exam and avoid filling up on coffee or other stimulants just before your test as these can boost heart rate and blood pressure. If you're asked to fast for a blood test, be sure to do this. Failure to fast can show elevated glucose and triglyceride readings. While exercise is a good thing long-term, avoid doing a strenuous workout the morning of your exam. Rigid exercise can introduce protein into the urine, which might give false indications of kidney issues.
Other lifestyle choices just before a life insurance exam may also be important. Avoid overusing alcohol the night before an exam as a test might reveal liver dysfunction. Also, eating too much salty food in the 24 hours before an exam can throw off tests for kidney function. If you smoke, you might wish to cut back, but any insurance exam is going to reveal nicotine use.
When you have an insurance medical exam, answer all questions truthfully. Bring a list of your medications and know your family's medical history. One of the most important things that you can do to ensure success is to relax. These exams are generally simple matters that are over quickly enough. If you haven't started the process of shopping for a life insurance policy yet, you can start a quote here.
Knowledge is power. The more you know, the easier it is to make an intelligent choice. Everyday life, as well as certain events and circumstances, require you to make choices. And peace of mind is gained when you feel good about the decisions you make.
When it comes to life insurance, IntelliQuote is there for you to make the intelligent, well-informed choice. From term life insurance to universal life insurance and final expense insurance, we make it easy for you to compare, shop and save. Get multiple quotes now and make the intelligent decision for Life.