Do I need a medical exam to get life insurance?

Do I need a medical exam to get life insurance?

Elliot Matloff (President and Broker, The Matloff Company) gives expert video advice on: What should I consider when choosing a beneficiary or contingent beneficiary?; Do I need a medical exam to get life insurance?; In what circumstances can a life insurance policy claim be denied? and more...

With most life insurance companies, if you apply for life insurance you have to take an exam. The exam is not a major physical exam, it's generally a very mini exam. A person comes to your home or your office, does blood and urine tests and sends them to an insurance company. They ask you several medical questions about your health: what kind of doctors you go to, if you're taking any type of medications, and that physical exam is then sent to the insurance company underwriters. They look at your health history, they look at the results of your blood and urine chemistry, and then they decide if you're a good risk or not a good risk.