Life insurance purchase is easy, particularly with online providers of life insurance. This makes this task fast, inexpensive and a lot more convenient. The part that a lot of people fear is the medical examination.
The medical examination and the underwriting process that follows determine the premium rates which are paid for the policy. Underwriters use the medical exam results, family health history, lifestyle habits and longevity charts for determination of one’s death risks. Longevity charts are pegged on death statistics, age, cause of death, gender and many more. Longevity charts, for example, illustrate that a thirty year old man will live for a lesser period in comparison with a thirty year old woman. Thus, rates of life insurance for men are often higher than those for women.
Things to Expect in a Medical Exam
The medical exam has two sections. The first section involves questions related to:
– Family health history
– Personal health
– Drinking and smoking habits, drug use, lifestyle choices and many more.
– The doctor’s contact information
Underwriters may sometimes consider a person’s driving history, credit card report and lots of other personal information based on the underwriting process. How you drive and the manner in which you handle finances also provide indications on your health management to the underwriters.
The underwriting criteria of life insurance companies usually differ from firm to firm. A couple of insurance companies often slightly overlook the elevated levels of cholesterol for people who have good health. Other companies may categorize people with elevated cholesterol levels in a group and then charge higher premiums regardless of whether the levels of cholesterol are low or high. This is why it is worthwhile to carry out a comparative study on these insurance quotes to help you obtain competitive rates.
The second section of medical exam involves filling a medical form by a paramedical who is appointed by the company. The doctor will;
– Take the physical measurements (weight and height)
– Take your pulse pressure and blood pressure
– Take a sample of blood to check glucose, cholesterol, protein, traces of alcohol and nicotine and HIV status.
– Take a sample of urine to check for proteins, creatinine, drugs and glucose
If the underwriters deem it necessary to carry out more tests in a bid to effectively evaluate the risks associated with insuring you, more tests would be feasible. The medical tests can also be based on the cost of an insurance coverage. When the coverage is higher, a person is subjected to a lot of scrutiny.
Achieving the best results from medical exams
Because you can do nothing to improve your results, a number of things can be done to obtain the best results in order to reduce mistakes.
– Ensure you eat healthy a week prior to the medical exam. Minimize your sugar and salt consumption and never eat fatty foods.
– Avoid caffeinated beverages prior to the exam. Caffeine often raises blood pressure in some individuals.
– Never drink alcoholic beverages three days prior to the exam.
– Make sure you sleep well the night before the exam.