How detailed and what happens during a life insurance physical initially depends on your age and the amount of insurance applied for.
What is done varies between companies, here a few examples. ;A paramedical exam could involve having a nurse or trained practitioner asking you the health question and you providing a urine and blood sample. Older ages and or greater amounts of insurance, could involve a medical doctor's exam and an electrocardiogram and or x-rays. Your medical declaration or initial tests results could also trigger additional requirements.
Your insurance broker would be able to advise you about the initial medical requirements for the amount you are considering applying for.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
A life insurance physical is information an underwriter needs to make a risk assessment on your help in determining your premiums paid for a specific face amount of insurance. Therefore it really depends on the amount applied for and your age and health status.
A paramed examiner which is a nurse will usually come to you and ask a list of health questions. The rest can vary from just taking height and weight, blood pressure, mouth swab, blood and urine samples all the way to running a portable EKG strip. Again age and face amount dictate how much information is required for the underwriter.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
The exact tests that are required for an exam a person will take will depend on several factors - their age, the amount of coverage they're applying for, and the carrier they're applying to. Each carrier has their own underwriting guidelines so some may have different exam requirements than others.
For middle aged individuals, you will most commonly see an exam consist of 3 parts:
1) Paramedical exam - checking your height/weight, your pulse, and going through the medical questions
2) Blood Test
3) Urine Test
If you're an older individuals (e.g. age 55), some carriers may also ask for an EKG to be completed with the other exam requirements. If you're a senior (e.g. age 70), some carriers may ask you to complete a mature assessment (congnitive and physical movement testing - e.g. memory tests, walk a distance, etc.).
Exams typically take no more than a half hour or so and can be completed in the privacy of your own home (some people prefer their work place which is also acceptable). You don't have to go to a doctor's office or a clinic to have the exams done.
One recommendation is know which carrier and which of their programs you are going to apply for. You don't want to take an exam before completing the application process because if you apply to another carrier than you may have originally intended, you may have to complete extra testing because that 2nd carrier may have more markers they check for (therefore extra exam requirements/tests) than the other carrier. Ideally, you want to have everything in order and make sure it's right so you only have to do it once.
Please feel free to contact me if you have any other questions. Thanks very much.
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What is done varies between companies, here a few examples. ;A paramedical exam could involve having a nurse or trained practitioner asking you the health question and you providing a urine and blood sample. Older ages and or greater amounts of insurance, could involve a medical doctor's exam and an electrocardiogram and or x-rays. Your medical declaration or initial tests results could also trigger additional requirements.
Your insurance broker would be able to advise you about the initial medical requirements for the amount you are considering applying for.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
A paramed examiner which is a nurse will usually come to you and ask a list of health questions. The rest can vary from just taking height and weight, blood pressure, mouth swab, blood and urine samples all the way to running a portable EKG strip. Again age and face amount dictate how much information is required for the underwriter.
For middle aged individuals, you will most commonly see an exam consist of 3 parts:
1) Paramedical exam - checking your height/weight, your pulse, and going through the medical questions
2) Blood Test
3) Urine Test
If you're an older individuals (e.g. age 55), some carriers may also ask for an EKG to be completed with the other exam requirements. If you're a senior (e.g. age 70), some carriers may ask you to complete a mature assessment (congnitive and physical movement testing - e.g. memory tests, walk a distance, etc.).
Exams typically take no more than a half hour or so and can be completed in the privacy of your own home (some people prefer their work place which is also acceptable). You don't have to go to a doctor's office or a clinic to have the exams done.
One recommendation is know which carrier and which of their programs you are going to apply for. You don't want to take an exam before completing the application process because if you apply to another carrier than you may have originally intended, you may have to complete extra testing because that 2nd carrier may have more markers they check for (therefore extra exam requirements/tests) than the other carrier. Ideally, you want to have everything in order and make sure it's right so you only have to do it once.
Please feel free to contact me if you have any other questions. Thanks very much.