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There are three main ways a new life insurance policy is priced: Underwritten policies are those where you answer questions on your personal and family medical history and undergo a medical exam arranged by the insurance company, a simplified issue life insurance policy application asks you some medical questions but does not require a medical exam, and a guaranteed issue life insurance policy requires no questions and no medical exam. If you're healthy, or even if you have a few medical problems, you're likely to get the best insurance value from an underwritten policy, which is priced specifically for you. Simplified issue and guaranteed issue life insurance policies set a price that assumes risk that you may not have.

Whether you're buying term life insurance or whole life insurance, you probably asked to undergo a medical examination. These are usually licensed paramedicals are often independent contractors, the insurance company. You will be a visit to your home for the examination and all necessary supplies. The life insurance company foot the bill for the test.

Health issues

If you send your complete application documents for your life, your agent or life insurer will make a paramedical service to let them know that you're a life insurance medical examination. The service will then contact you at an appropriate time and place. You need to test or not your application processed.

The life insurer may be a physician statement (APS) from your doctor, but you can not have the life insurance medical examination done by your own doctor.

In a basic exam, the paramedical will your medical history (even if you're already on your application), size and weight, blood pressure, pulse and blood and urine samples. In addition, tests will vary according to age and policy amount.

For example, MetLife is an ECG-Home for applicants age 50 and older, the application for face amounts of at least $ 1 million. For applicants age 70 and older, which is for 2 million U.S. Dollar and higher, MetLife waived paramedical exam and requires an examination by an MD, from MetLife (not your own doctor). The doctor will have the same medical questions as a paramedical and request your size, weight, blood pressure and pulse, and a brief medical examination, such as listening to your heart.

Jacki Goldstein, Vice President of Life Underwriting at MetLife, emphasizes that this is not a comprehensive medical examination and non-sensitive topics, such as an examination of the breast in women. Goldstein also stresses that the MD life insurance exam is not a substitute for good routine medical care.

When age and face amounts get higher, a treadmill test may be required. For example, MetLife requires treadmill tests for applicants who have at least 50 and for applying more than 10 million U.S. $ in insurance or applicants 76 and older applying for $ 5 million or more.

If you are applying for a low face value policy, you may not even be asked to create a paramedical examination. For example, if you are 40 years old and $ 50,000 for the application of life insurance, MetLife requires no specific tests or measurements. And in some cases, MetLife asks a simple paramed "" test, the basic measurements and blood and urine, but without the paramedical question list. Guidelines for testing the differences between the life insurer.

What are you looking for?

The life insurance companies would like to know if you have any medical condition that could shorten your life - what is the risk the insurer and the policy into consideration. For samples of blood and urine are collected, the insurer for the HIV testing, cholesterol and related lipids, liver or kidney disorders, diabetes, hepatitis, prostate specific antigen (PSA) and immune disorders. The urine sample could be explained by the routine analysis, plus screening for certain medications, cocaine and other drugs.

The results will go to the life insurer's home office for an insurer to check. You can usually a written request, if you have a copy of the results, and some insurers will give you a copy of your lab work. If there is something of concern about the lab results, you would need to contact your own doctor. Goldstein says: "It is not unusual that the anomalies that do not mean anything. "

A life insurance underwriter then reviews your application and the results of medical examination. You decide your life insurance rating, in which your premium. If there are persistent questions about your health, they may request additional information or medical tests. In the rare event that you unknowingly are very ill - chronically or terminally - your application would be rejected and you would have to look for a high risk or a carrier, the guaranteed issue life insurance.

Do not Let Your Life Insurance Premiums Up in Smoke

Smokers pay higher premiums for life insurance because of their higher mortality. If nicotine is reflected in the results, you will be smokers. The test also detects nicotine from a transdermal patch.

Life After the Exam Results

If your test results correlate with the classification for your original life insurance quote, you will have no problem with that sentence. If a medical problem is discovered, may be offered a life insurance policy with a higher premium.

There are two types of risk ratings: "flat" ratings, sometimes called temporary flat extras, and "table" ratings. Underwriters assess health on the basis of demanding rate table to determine how certain health conditions.

For example, an underwriter could be a home-rating for a short period for a person who just surgery. On the other hand, a person with high blood pressure could be a rating table, the premiums will increase by a certain amount for the duration of the policy, depending on the health status and age. If you get an evaluation, please contact your agent. Agents can find out whether the assessment can be amended on the basis of additional medical tests to prove you qualify for a better rating.

Even if you're at the end of the decline in life insurance, your test results will be part of your inclusion in the database MIB Group (formerly Medical Information Bureau), a clearinghouse of medical information that insurers share, stores information for seven years after you for a life , health, disability income, long-term care or critical illness insurance.

MIB is jointly owned by about 470 insurance companies. So when you go shopping around for another term or whole life insurance, remember that your medical information available to other insurers in the near future. Note that the MIB database contains no actual medical data, but rather codes that represent medical conditions and tests, hazardous hobbies and even bad driving record.

If you want to check your MIB file, or disputes in IT, you can get a free report annually to www.mib.com.

No Way, you say?

Life insurance medical exams are really routine. But if you want to avoid a medical examination, at any price, you can buy a simplified issue life insurance, the answer that you are only a few medical questions or a guaranteed issue life insurance, that neither an audit nor questions.

Note, however, that if you are normally a good health, or even with a history of some health issues, you'll probably get a much better rate by buying a life insurance, a medical examination.

Tips for a better life medical examination

Certain health conditions simply can not be masked, but the best results, here are some recommendations:

* Get a good night's rest the night before the exam.
* Do not drink for at least eight hours before the test.
* Avoid coffee, tea or other caffeinated beverages such as soda for at least one hour before the test.
* Limit salt intake and high-cholesterol food 24 hours before the exam.
* Not available in strenuous physical activities 24 hours before the test.

Source: Exam & Profile Services, Beaver Dam, Wisconsin

Amy Danis is a staff writer for Insure.com http://www.Insure.com visit for a comprehensive series of comparative auto, life and health services, including a large library of original author insurance articles and decision-making tools that are not available at all other hand. Insure.com is dedicated to providing impartial insurance information to consumers. Visitors can instant insurance quotes from more than 200 leading insurers, the maximum savings and have the freedom to buy from any company shown.