Are you ready to buy life insurance? What you should know!
First of all, we all want to get the most affordable rates. Understanding the life insurance medical exam procedures and what they are looking for can make the process a lot smoother. Most of us are strapped with time, so many of the companies have partnered with medical professionals that will come to your home. This makes the process a lot less stressful for those of us who have busy schedules.
Most of the medical exams are standard for term life insurance and permanent life insurance policies and are provided for free by the insurance company. The life insurance medical exam is a simple physical performed by a qualified professional like a nurse not a doctor. This is an opportunity for the insurer to review your medical history and basic information.
The information obtained is used to determine if you will be accepted for policy or not and what the premium will be. Understanding this procedure is key to a successful application. Preparation for the exam is a must to getting the best rates for the least amount of money.
Stages of the Life Insurance Application and Medical Exam
Life Insurance Medical exam procedure
The medical professional will ask a few questions.
Next, the medical professional will perform a few procedures.
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What life insurance medical exam companies are reviewing?
What happens after?
After you have completed the life insurance medical exam, the company will review the results and determine is if you are insurable and the rate you will pay. Learn more about How to prepare for the Life Insurance Medical Exam.
Download the Life Insurance Buyers Guide Here