Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Not very hard at all, actually. The process may vary depending upon the requirements of the policy for which you have applied and the insurer, but for the most part, medical history questons will be asked and, if necessary, you will be asked to provide blood and/or urine specimenes or perhaps just an oral swab. It is also possible that blood pressure may be measured. These exams may be performed either by a physician, usually designated by the insuring company or a paramedic professional in the comfort of your own home.
The Health & Life Insurance Exam, if you are referring to entering into the financial and insurance services as a career, is not very hard IF you, in my opinion, take the classroom 2 day course along with the materials you will receive. The area which you will need to concentrate more on is the law side of insurance. The rest is pretty easy.
I agree with Matt. Taking a two day course, in addition to the study materials, is very helpful for passing the Life and Health exam which qualifies you to be a licensed Life and Health Insurance Agent. They will show you some sample questions so that you can get comfortable, and also point out the areas where questions will most likely be asked.
Good points y'all... What was the desired answer from the question... The exam for GETTING life insurance (there hasn't been an exam for health insurance in most states for YEARS. Now with PPACA, there are no exams for sure). or... the exam to get a license? Since this site is for people to ask questions about insurance products & coverage, I assume it was NOT about getting licensed.
For life insurance, the exam, or lack thereof, depends on the carrier & the amount you are applying for. The same person would have a light exam (small blood draw, tinkle in a cup, blood pressure reading, & questions) for a lower benefit amount (like 100K - 250K) vs. a larger benefit amount of 1 million. Think of it this way, "The more you want from them, the more they'll want from you." :-)
There are carriers that offer "no exam" underwriting options. MOST of these plans are for smaller amounts (under 250K). The underwriting is typically pretty quick. The process can be as little as a few days. The tradeoff for not probing as deeply into you (literally) is that the cost of insurance is higher. You are likely to get the same coverage for less if you are willing to take an exam.
Compare the length of coverage, extra coverage like Living Benefits, the convenience factor (exam or no exam), the underwriting possibilities appetite of the carrier (your agent should discuss WHY this carrier is best over others - - the reason should be "best underwriting for YOU"), and THEN the rate. Rates are relative to what you can qualify for. DON'T fall for the big "Dot coms" that say you can get 500K for $20 a month... MOST of use cannot get that.
If you have any questions, please reach out!! -gravy
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For life insurance, the exam, or lack thereof, depends on the carrier & the amount you are applying for. The same person would have a light exam (small blood draw, tinkle in a cup, blood pressure reading, & questions) for a lower benefit amount (like 100K - 250K) vs. a larger benefit amount of 1 million. Think of it this way, "The more you want from them, the more they'll want from you." :-)
There are carriers that offer "no exam" underwriting options. MOST of these plans are for smaller amounts (under 250K). The underwriting is typically pretty quick. The process can be as little as a few days. The tradeoff for not probing as deeply into you (literally) is that the cost of insurance is higher. You are likely to get the same coverage for less if you are willing to take an exam.
Compare the length of coverage, extra coverage like Living Benefits, the convenience factor (exam or no exam), the underwriting possibilities appetite of the carrier (your agent should discuss WHY this carrier is best over others - - the reason should be "best underwriting for YOU"), and THEN the rate. Rates are relative to what you can qualify for. DON'T fall for the big "Dot coms" that say you can get 500K for $20 a month... MOST of use cannot get that.
If you have any questions, please reach out!! -gravy