Guide to Medical Examinations for Purchasing US Life Insurance

Harvest Financial Group Wealth Management

Guide to Medical Examinations for Purchasing US Life Insurance

Why undergo a medical examination?

Life insurance is based on the condition of the insured’s death as the basis for compensation. When pricing an insurance policy, the insurance company needs to consider the probability of the insured’s death. The basis for calculating this probability is the individual’s medical history and current health condition. Insurance companies require applicants to undergo a medical examination in order to directly assess their current physical health.

What is a medical examination?

For life insurance, a medical examination is standard practice. It verifies the accuracy of the health information provided by the applicant to the insurance company. If any new health issues are discovered, they may also affect the premium. This examination is completely free, as the insurance company covers the cost. The applicant will also receive a copy of the examination results for their own records.

The process of a medical examination

A medical examination for life insurance is similar to a regular check-up at a hospital. Clients have the option to request healthcare professionals to come to their location for the examination. The entire process typically lasts around 30 minutes, although it may take longer for older applicants or those applying for higher coverage amounts.

Healthcare professionals will conduct routine checks, including measuring pulse, blood pressure, height, and weight, as well as calculating the BMI (Body Mass Index). For older applicants or those applying for higher coverage amounts, an electrocardiogram (ECG) may also be performed.

Afterwards, healthcare professionals will ask health-related questions to help the insurance company verify the information provided in the application. They may inquire about current prescription medications and recent doctor visits, so it is important to be prepared. It should be noted that blood and urine samples will be collected.

Special attention should be given to the following: Avoid exercising for more than six hours before the examination and refrain from eating or drinking carbonated beverages for at least six hours prior to the examination. Drinking water is allowed and encouraged during this time.

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