1. A life insurance medical exam might be a bad idea
Have you consistently seen your physician? Do you keep up with your annual physicals with your doctor? If not, you really don’t want to get diagnosed of any extra illness by the life insurance company. Illnesses like high blood pressure, diabetes, high cholesterol, etc. can cause higher life insurance premiums. You need to be sure of yourself. You need to know your health status before applying to any life insurance company. Don’t let them diagnose you with any illness that people suffer in their 40s.
Now if you’re completely healthy and consistently go to your doctor, a medical exam is a great option. The medical exam is just like an annual physical with your doctor. If you opt for a life insurance policy that requires an exam, the insurance company will pay for. The life insurance exam basically provides the insurance company with how much a risk you pose before they offer you a policy.
The examination result is a guide that will determine your health class rating and if the insurance company will be willing to insure you. Your medical history and medication history is available to all the life insurance companies to assess your risk.
This is why you need to be aware of your choices, so you can select the type of policy that best suits your needs.
Life Insurance Blog focuses on providing you all of the life insurance options with or without medical exams. Every company will have different qualifying criteria whether you select a Medical or Non Medical option. Non Medical policies typically are more expensive when compared to policies with an exam. However, this is changing as more and more companies are offering Non Med options. This competition is driving the costs down and are often comparable to some medical exam policies.