Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Every company has their own markers that they look for when underwriting a policy because they each have their own underwriting guidelines they follow.
When you take an exam for a life insurance policy, you usually have a blood test and urine test in addition to the health questions and vitals check. For older individuals, the carrier may ask you to complete an EKG as well (seniors may also be asked to complete a mature assessment - this looks at cognitive and mobile abilities).
Common things carriers look for in these tests are cholesterol levels, A1C levels (A1c is your blood sugar control - in short, a check to see if someone is diabetic or are already diabetic and have good control), liver function studies, kidney protein levels, any nicotine, to name a few things. There are other values that carriers look at in the results, but they will vary by carrier.
If you're uncomfortable taking an exam, there are non-medical policies available, but you will pay a higher rate (in short - it's compensation to the carrier for taking on more risk since they wont have a full review of your medical history to underwrite the case with).
I would recommend consulting with an experienced broker before applying for any coverage to review your options and see what will work best for your program. Please feel free to contact me for further assistance. Thanks very much.
In a nutshell, life insurance companies test for signs of illness, tobacco use and drug use. The lab tests detect signs that the liver, pancreas, kidneys, heart, and other organs may be malfunctioning. They also detect cotinine, a byproduct of nicotine, and some illegal drugs. These results enter into whether the policy can be approved, and the price that the insured person will pay.
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When you take an exam for a life insurance policy, you usually have a blood test and urine test in addition to the health questions and vitals check. For older individuals, the carrier may ask you to complete an EKG as well (seniors may also be asked to complete a mature assessment - this looks at cognitive and mobile abilities).
Common things carriers look for in these tests are cholesterol levels, A1C levels (A1c is your blood sugar control - in short, a check to see if someone is diabetic or are already diabetic and have good control), liver function studies, kidney protein levels, any nicotine, to name a few things. There are other values that carriers look at in the results, but they will vary by carrier.
If you're uncomfortable taking an exam, there are non-medical policies available, but you will pay a higher rate (in short - it's compensation to the carrier for taking on more risk since they wont have a full review of your medical history to underwrite the case with).
I would recommend consulting with an experienced broker before applying for any coverage to review your options and see what will work best for your program. Please feel free to contact me for further assistance. Thanks very much.