Wondering if you need a medical exam before buying life insurance? You might, but this will depend on your answers to certain health questions.
Prior to purchasing a life insurance policy, your insurer will want to make sure you get the most suitable coverage for your specific situation. That's why our underwriters will ask questions that relate to your health. As an example, when they inquire about your height and weight, they’re using these figures to calculate your body mass index (BMI), an indicator of your general health.
Why A Medical Exam Is In Your Best Interest
BMI aside, you’ll be asked to disclose your medical history, and depending on your responses, you might be required to undergo a medical examination. This will help your insurer accurately assess your level of risk and calculate the appropriate premium to provide you with the very best coverage for your unique circumstance.
Remember, it’s important that you always disclose any pre-existing conditions. Most life insurers still cover those with chronic conditions such as high blood pressure. However, their premiums are determined based on the associated level of risk. This might mean you pay a slightly higher premium but it’s important that you’re always truthful. If not, you might see your claim denied due to non-disclosure.
Don’t Delay, Get Life Insurance Today
While it’s always a wise decision to take out a life insurance policy, the ideal is to get it while you’re still young and in good health. This way, you’re more likely to be considered having a lower risk of filing a claim. This may reduce the likelihood of undergoing a medical examination and could even lead to lower premiums.
Ultimately, your ideal life insurance coverage will adapt and grow alongside you as you age. This is why, if you choose MiWayLife as your insurer, your coverage amount will increase by 5% each year. Why not get a quick online quote today?
