When one is 50 or older, there is a tendency to think that getting a life insurance policy without a compulsory medical exam is a wiser course of action. This may not be true.
Perhaps youre taking a couple of medications, and think that because of this, you definitely wont be able to get coverage, if you allow yourself to take an insurance company medical. As the song goes, it aint necessarily so. Some minor health conditions not likely to affect your life expectancy wont significantly affect your coverage chances at all. Paramedics and approved clinics that provide these exams for insurance companies are skilled in making allowances for medications that dont impact coverage eligibility.
The biggest risk you run " and a glance at any Life Insurance companys standard forms and rating systems will confirm this " is whether you are addicted to nicotine!
Did you know that you have better odds of passing an insurance physical at age fifty with minor medical complaints than if you are a healthy twenty-year-old that smokes even a few cigarettes a day? It ought to be disturbing to realize that almost every category they can assign you to has a suffix designating whether or not you are a smoker. This is the main factor that determines your real eligibility and status.
You could go with the sort of policy that advertises no exam needed and be sure of getting accepted " but why do that, when you might actually be able to get a much better rate, with a simple exam (and the lower dollar amount the policy, the simpler the exam).
How Do I Know If Im Better Off To Take A Life Insurance Medical?
If you dont know for sure youre going to fail, you actually might better off taking the exam. But if you smoke three packs a day and drink beer every night, you might want to seriously consider either purchasing the more expensive no exam policy " or quitting your harmful habits! You can talk to your doctor about the exam, and he may even fill out an attending physicians official statement as part of the application, but he wont be able to do the physical " youll have to use clinic approved by your potential insurance company (or one of their own well-trained paramedics " who will do all tests in your residence. Your family doctor or specialist signing insurance applications will not circumvent the need for a life insurance physical.
The big thing to remember, if youre playing Russian Roulette with risking a medical knowing you have health conditions your test results, good or bad, are kept for seven years after the date of the exam.
7 Tips To Guard Against False Exam Readings
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Avoid salting your food, or eating salty pre-prepared foods like chips
Minimize your cholesterol intake
Make sure you are hydrated
Make sure youre well rested
Ask your medical professionals ahead of time how to and if you should take any regular medicines you are currently on (they deal with this all the time, and can advise you.)
Dont smoke, drink alcohol or take any substances like sleeping pills
Dont eat or drink anything like chocolate, soda pop, tea or coffee, as the caffeine in these substances may artificially increase your heart rate
You Know Yourself Best
The other big thing to remember " life insurance examinations are fairly routine. Tests required are not complex " a urinalysis, some blood work and a list of questions. If you are over 50 and applying for a higher amount of coverage, you may be required to perform a treadmill test.
In some cases you may not be required to submit to any tests at all, if youre taking out only a small policy.
Its your call. Be honest with yourself " it if you know you have a more serious medical condition its probably not a good risk " and yes, you might risk discovering some unknown medical problem if youre older and you take the test (but isnt that a good thing to discover anyway?) But dont forget, you might end up with an insurance rate that is a lot lower, if you pass that all-important life insurance exam. - 15275
Perhaps youre taking a couple of medications, and think that because of this, you definitely wont be able to get coverage, if you allow yourself to take an insurance company medical. As the song goes, it aint necessarily so. Some minor health conditions not likely to affect your life expectancy wont significantly affect your coverage chances at all. Paramedics and approved clinics that provide these exams for insurance companies are skilled in making allowances for medications that dont impact coverage eligibility.
The biggest risk you run " and a glance at any Life Insurance companys standard forms and rating systems will confirm this " is whether you are addicted to nicotine!
Did you know that you have better odds of passing an insurance physical at age fifty with minor medical complaints than if you are a healthy twenty-year-old that smokes even a few cigarettes a day? It ought to be disturbing to realize that almost every category they can assign you to has a suffix designating whether or not you are a smoker. This is the main factor that determines your real eligibility and status.
You could go with the sort of policy that advertises no exam needed and be sure of getting accepted " but why do that, when you might actually be able to get a much better rate, with a simple exam (and the lower dollar amount the policy, the simpler the exam).
How Do I Know If Im Better Off To Take A Life Insurance Medical?
If you dont know for sure youre going to fail, you actually might better off taking the exam. But if you smoke three packs a day and drink beer every night, you might want to seriously consider either purchasing the more expensive no exam policy " or quitting your harmful habits! You can talk to your doctor about the exam, and he may even fill out an attending physicians official statement as part of the application, but he wont be able to do the physical " youll have to use clinic approved by your potential insurance company (or one of their own well-trained paramedics " who will do all tests in your residence. Your family doctor or specialist signing insurance applications will not circumvent the need for a life insurance physical.
The big thing to remember, if youre playing Russian Roulette with risking a medical knowing you have health conditions your test results, good or bad, are kept for seven years after the date of the exam.
7 Tips To Guard Against False Exam Readings
*
Avoid salting your food, or eating salty pre-prepared foods like chips
Minimize your cholesterol intake
Make sure you are hydrated
Make sure youre well rested
Ask your medical professionals ahead of time how to and if you should take any regular medicines you are currently on (they deal with this all the time, and can advise you.)
Dont smoke, drink alcohol or take any substances like sleeping pills
Dont eat or drink anything like chocolate, soda pop, tea or coffee, as the caffeine in these substances may artificially increase your heart rate
You Know Yourself Best
The other big thing to remember " life insurance examinations are fairly routine. Tests required are not complex " a urinalysis, some blood work and a list of questions. If you are over 50 and applying for a higher amount of coverage, you may be required to perform a treadmill test.
In some cases you may not be required to submit to any tests at all, if youre taking out only a small policy.
Its your call. Be honest with yourself " it if you know you have a more serious medical condition its probably not a good risk " and yes, you might risk discovering some unknown medical problem if youre older and you take the test (but isnt that a good thing to discover anyway?) But dont forget, you might end up with an insurance rate that is a lot lower, if you pass that all-important life insurance exam. - 15275
About the Author:
It is possible to get life insurance exam tips even if you are over 50s. Visit life insurance facts for more information and tips on how handle insurance examinations and get affordable insurance coverage.
