Medical exams for life insurance: what to expect and why it matters

When you take out a life insurance policy, the insurer needs to figure out how much you’ll pay in premiums. This process, called underwriting, looks at factors like your job, medical history, hobbies, and financial situation. Basically, it means you’re only paying for the cover you actually need. 

Sometimes, insurers need more info about your health to make a fair decision on your application. For instance, if you have a pre-existing condition, you might have to get a medical exam before they give you the green light. Let's dive into why this happens and what you can expect from the process. 

Why do I need a medical examination? 

A life insurance medical exam is usually straightforward and done to ensure all the info you’ve given is accurate so the insurer can make an informed decision on your application. 

Think of it as a way for the insurer to get all the facts before offering you a policy. It’s about managing risk on their end and making sure you get the right cover. 

These exams aren’t usually invasive. They’re more like a quick check-up with a medical professional who’ll ask you some questions and do a brief examination. Here’s what you can typically expect:

The steps involved are usually: 

1. Quick chat 

   First up, you’ll have a verbal questionnaire. Some questions will directly relate to your insurance application, while others will be more general. The key here is to be open and honest. 

2. Sample time 

   Next, you might need to provide some samples like urine, blood, and saliva.  

3. Basic measurements 

   They’ll also collect some general info like your height, weight, blood pressure, and pulse. In some cases, you might need extra tests like x-rays or ECGs. 

   If the insurer has more concerns, they might ask for a more in-depth examination. Again, this is just to get a full picture of your health so everyone knows where things stand before the policy kicks in. 

What’s being checked in a medical examination? 

When you go through a life insurance medical exam, the goal is to assess your overall health and spot any chronic conditions or potential future health issues. While no one can predict the future, your current health can give some clues.  

Here’s what the insurer is usually looking for:

Key health indicators 

• High cholesterol: Elevated levels can indicate a risk for heart disease. 

• Sexually transmitted infections (STIs): Certain untreated STIs can lead to more serious health issues. 

• Glucose levels: High levels might suggest diabetes. 

• High blood pressure: A sign of potential heart and vascular issues. 

• Urine acidity: Can signal kidney problems.

  Source: TAL 

These are just a few examples. Medical professionals will check these and compare the results with the info you provided in your application to get a complete picture of your health. 

Getting ready for your medical examination 

Preparing for a life insurance medical exam isn’t a big deal, but there are a few things you can do to make it smoother.  

Here’s what you need to know: 

1. Be honest on your application

   First up, make sure you’re truthful on your application form. The more accurate the info you provide, the better the medical professional can assess you.

2. Schedule smartly

   Try to book your exam first thing in the morning. Some tests might require you to fast, so it’s easier to do this after a night’s sleep.

3. Gather your info

   Have all your paperwork ready, including a list of any medications you’re taking. This way, you won’t forget anything important during your appointment.

How to prepare for a medical exam 

The results of your medical exam will play a big part in the life insurance quote you’ll get. So, it’s important to take the test seriously. Sure you won’t be able to make major changes to your health in the short period between applying for insurance and taking the exam, but there are ways you can prepare to get the best results possible. 

• The day before  (24 hours before the exam)

  • Limit salt and high-cholesterol foods like red meat. 

  • Avoid over-the-counter meds like antihistamines and nasal decongestants. 

• The night before  (12 hours before the exam) 

  • Steer clear of alcoholic beverages and strenuous exercise, which can spike your blood pressure. 

• The morning (One hour before the exam) 

  •  Skip caffeine and nicotine. 

  • Drink a glass of water. Staying hydrated will help with the blood test. 

• At the exam (When it’s time for your exam) 

  • Have your photo ID and application paperwork ready. 

  • Wear short sleeves or sleeves that can be easily rolled up for the blood draw and blood pressure check. 

Also, when you schedule your exam, ask if you need to fast. You might have to avoid eating and drinking anything other than water for 12 hours before your exam. 

Preparing for your life insurance medical exam isn’t complicated, but following these tips can help ensure the process goes smoothly and you get the best possible results. 

Sorting a life insurance policy 

While not every insurer in Australia requires a medical exam, some do. It’s all about getting a clear picture of your health to set up the best policy for you. 

In the end, a life insurance policy is about financially protecting you and your family, giving you peace of mind. Being honest throughout the application process ensures you’re paying the right premiums and that your cover meets your needs.