If you want to obtain the most affordable type of life insurance, be prepared to take a medical exam. Before you are issued a policy, life insurance companies must first determine if you are prone to illnesses, such as diabetes, heart disease, stroke, cancer, etc.
A paramedical company working with your carrier will send out a certified medical professional (a paramed) to conduct the medical tests and send the results to the company’s underwriter. The underwriter will then evaluate the results and determine if it is in their best financial interest to insure you. That risk assessment determines your life insurance rates. The greater risk you pose, the higher your premiums, until the company decides it can’t cover you at all.
The following will give you a solid idea of how you should prepare when you have to take a life insurance medical exam. Otherwise, you may want to start considering a no medical exam policy.
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