Why Does Life Insurance Require A Physical?

If you are in the process of shopping for a life insurance plan you may be wondering about the physical examination.

Actually, many life insurance plans and carriers require you to take a medical exam in order to determine if you qualify for the coverage.

However, if you are young and purchasing less than $50,000 of coverage, you may not need to take a medical exam.

Also, there are life insurance policies that offer up to $500,000 of life insurance with no physical exam required.

However, if you do take a physical exam you may qualify for life insurance at a lower rate than you would probably pay for a no exam life insurance policy.

Basically, the exam is used to determine your current health, find out if you have any health problems, and use this information in addition to other info to determine your life expectancy – how long you are expected to live, and to help the insurer determine if they should insure you for life insurance, and what you should pay for your life insurance policy.

During the life insurance medical exam you may be required to give a urine or blood sample for testing. The tests may check your sample for diabetes, high cholesterol, high protein levels, STD’s, HIV/AIDS, tobacco use, legal (prescription) drugs, and for the presence of any illegal drugs.