Most life insurance policies require that people undergo a physical examination. These exams aren’t necessarily that extensive, but they will require that the insurance seeker give at least a urine sample and a blood sample. The insurance companies will be interested to know if potential policy holders have illicit drugs in their systems or high blood sugar or cholesterol content.
The results of the exam may show that the future policy holder is susceptible to diseases such as diabetes and heart disease. These people may have a shortened life span because of their health concerns and if the situation is bad enough, the life insurance company will deny this particular person a policy. The other possibility is that the insurance company offers a policy but the policy holder must pay a high price.
People seeking term life insurance quotes may be aware that there is the possibility of some negative results being discovered in their medical exams. Before this can happen, they may be able to improve the state of their health by exercising to lower their weight. They can visit their doctors for help lowering their blood sugar levels. If their results fall within normal limits, the insurance company will charge rates that they charge their healthy clients.
People also have the option of purchasing no medical exam life insurance. As the name suggests, they will not have to submit to a physical examination, and their negative results will not be known within the insurance industry; when one insurance company turns down an applicant because of bad medical results, the people at this company share this fact with other insurance companies to prevent fraud. People will pay a little more for their life insurance without a medical exam, but it will keep them from being turned down and not being able to purchase life insurance from another company.
If people are smokers or they have a dangerous habit such as race car driving, they may want to consider stopping those behaviors. Smokers can qualify for a non-smoker’s rates with some insurance companies, but their exam results may need to show that everything is within normal limits. The best way to ensure that people can receive life insurance without having to pay sky-high rates is to cease the dangerous activity.
To keep their families out of financial difficulties if they should pass away early, people need to purchase life insurance. Because life insurance has the potential to be expensive, those who prepare before they apply receive the lowest rates.