1. 63333 POINTS
    Peggy MacePRO
    Most of the U.S.
    Blood is drawn at the paramed exam for a medically underwritten life insurance policy so that you can be tested for cholesterol, HIV, liver disease, triglycerides, blood sugar, and other conditions. This helps the life insurance underwriter determine your life insurance rating, which in turn, dictates what premium you will pay.
    Answered on May 3, 2013
  2. 1492 POINTS
    Jeff DavisPRO
    Insurance Advisor, Lordship Insurance Services, California
    Depending on the coverage requested a paramed exam may be required. Since the blood is the primary means by which a body is fed, it can reveal a lot about what is going on internally with a person. Although there are a variety of tests that can be run on a blood sample, most Insurance companies are looking for conditions that may affect insurability. It can also help the proposed insured to discover just whats going on with them internally. There are times when healthy blood levels can elevate a person's health status with the proposed insured company (from standard to preferred) depending on how the initial application was written.
    Answered on May 4, 2013
  3. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Life insurance is a mortality product priced on the actuarial assumptions of life expectancy. Testing several blood indicators can establish a baseline of underwriting debits or credits that are calculated in determining an offer. A Blood panel is created to with basic “norms” in the blood analysis report that the proposed insured can obtain upon request.
    Answered on June 6, 2013
  4. 12689 POINTS
    Ted RatliffPRO
    Owner, SFS Associates,
    Life insurance companies will draw blood depending on the amount of insurance.  They will check for HIV or Aids, nicotine, drugs, diabetes, liver problems and other health issues that affect mortality.  This helps the company underwrite the policy properly to determine the proper rating (premium) and insurability of the proposed insured..
    Answered on June 6, 2013
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