Let's
talk a little bit about a crucial part
of the underwriting process for
term
life insurance enrollment...the
paramedical exam. We'll discuss
what it is, it's importance, and the
things you can do to have the best
possible results (which translates into
the best possible rates).
First, what is the paramedical exam when
applying for term life insurance?
When you apply for term life, there are
essentially two parts...the application
and the paramedical. After the
application is submitted, the insurance
carrier (or third party
paramedical/nursing company) will
contact you to arrange a time and place
of your choosing to have a physical
exam. This physical exam usually
amounts to a general health
question/answer process, vital physical
information (height/weight, etc), and a
blood panel work-up. The person
taking the work-up is a licensed nurse
and the lab is usually mobile (comes to
your residence or work-place).
Let's look at each of these three
sections in more detail.
Medical questionnaire. This
visiting nurse will likely go through
your application and discuss any medical
issues you listed on the application.
he/she may also ask additional questions
regarding your health history, family
history of disease/death, and your
current health well-being. It's
important to answer correctly and
thoroughly in order to protect the
viability of your policy.
Physical exam. A general physical
exam will usually be given with
attention to metrics that impact
mortality rates. Height/weight is
at the top of the list in this regard
with the strong correlation between
height/weight and general cardiovascular
health, this becomes an important piece
of information. There are other
signs of potential underlying issues
such as inflamed glands, glands, lack of
reflex response, eye white colorization,
cognitive awareness, and last but not
least...blood pressure. The
last item is important because it's one
of the few you can actually influence
(aside from just living a healthy
lifestyle in general). In general,
it's all the things we should be doing
anyway but getting the best term life
insurance rate might be a good
incentive. Make sure in the days
prior to the paramedical exam to get
plenty of rest and avoid alcohol or
excessive caffeine, over-eating,
excessive salt intake. All of
these factors can spike a blood pressure
reading and affect the final rates that
are offered you. It's good for you
anyway!
They
will also draw blood in order to do a
full blood panel work-up. This
allows them to see issues such as
elevated cholesterol, triglycerides,
blood sugar levels, and a host of
warning signals. It's not uncommon
for a person to find out about an
unknown health issue as a result of such
a paramedical exam.
The
entire process is relatively fast and
will probably take around 20-30 minutes.
|