Applicants looking to purchase a life insurance policy usually have to go through a life insurance medical test. This test consists of two components: a physical evaluation and a questionnaire session. Passing this test allows applicants to be approved for a life insurance policy.
Many insurance companies also offer other benefits to applicants who score well on the medical test. These benefits include lower premium rates and a better risk classification (this makes it easier for the life insurance companies to qualify you for their life insurance products).
If you’re thinking about purchasing a life insurance policy in the near future and want to do well on both components of your life insurance medical test, try following these tips.
How to Do Well On The Physical Evaluation
1. Schedule The Evaluation At The Right Time And Place
It’s important for you to stay as relaxed as possible when you undergo your physical evaluation. Being stressed out could cause your blood pressure levels to spike and adversely affect the evaluation.
Make sure that you schedule your evaluation at a time that is most convenient for you. Don’t schedule it on a day when you’re pressed for time. If you’re taking your evaluation on a weekday, consider doing it before going to work.
If you feel nervous or uncomfortable with having the evaluation at the broker’s office, ask to have it done at your own home or another place where you feel more at ease.
2. On The Day Of Your Evaluation
Stay away from vigorous exercise and other strenuous physical activities on the day of your evaluation. Remember, being exhausted physically could raise your blood pressure.
Try to stay as refreshed and energized as possible in the hours leading up to the exam. But, at the same time, avoid drinking coffee or other caffeinated drinks to boost your energy up. These drinks could cause your heart rates to fluctuate and negatively affect your electrocardiogram (ECG) results.
Try drinking more water instead. This will clean out your system and make it easier for you to provide a urine sample (which you will have to do during the evaluation).
If you’re stressed out by something unexpected that has happened on the day of your evaluation (for example, a death in the family.), immediately ask your broker to re-schedule your appointment.
3. Avoid Harmful Substances
During the physical component of your test, you will be tested (through your saliva, urine, etc.) for any traces of drug use and substance abuse.
If traces of illegal or unauthorized drugs are found in your system during the test, your life insurance application could be immediately terminated. The same thing could happen if your liver shows traces alcohol abuse.
Smokers pay a much higher premium than non smokers and while most urine samples will only show nicotine traces for a week or so, the life insurance application question generally asks if the insured has used any tobacco products or nicotine substitutes within the last year.
If you’re interested in doing well on your medical test, not mention having a healthy lifestyle, consider quitting your smoking habit, abstain from using illegal drugs and avoid excessive alcohol use.
How to Do Well On The Questionnaire Session
1. Be Transparent
The key to doing well on your questionnaire session is being transparent and providing honest answers to any of the questions that are asked.
During the questionnaire, you’ll likely be asked several sensitive questions about your prior medical history and current medical state. The important thing here is to be entirely truthful when answering these questions.
Even if you’ve suffered from a serious disease in the past but are now cured, share that detail and provide information about your treatments.
Remember, insurance companies can and often do employ investigators to ensure the validity of your answers. All of your answers during the questionnaire process are also investigated later on if you ever apply for a claim. If you’re found to have been dishonest or provided inaccurate answers, your claim could be rejected and you could lose your previously paid premiums.
2. Provide Detailed Answers
Aside from being transparent, it’s in your best interest to provide as much detail as possible in your answers during the questionnaire session.
It’s also important to properly listen to and understand all the questions that you’re being asked. You can always ask for a clarification any time you don’t understand the way a question is worded or asked.
Also, many of the questions you will be asked will have multiple parts. Make sure that you understand and answer all the parts of a question.
Providing detailed answers makes it easier for the insurance company to qualify you for their life insurance products and investigate your claims.
3. Be Knowledgeable About The Process and Get Help If Needed
Samples of the questionnaires used by a life insurance company can often be found on that company’s website online. Make sure you read through them and understand all the questions. It’s also important to have all relevant paperwork and records at the ready in advance.
If you don’t have the time to research and understand this process yourself, then ask questions. Your Independent broker or captive agent should be able to easily look up answers to any questions you have on the application process and/or any medical tests.
Chantal Marr is President of LSM Insurance, a leading Canadian life and health insurance brokerage, where she is in charge of product development. She has a B.A. from Laval University and Bachelor of Education from the University of Western Ontario. Chantal is a member of the Independent Financial Brokers of Canada, which gives her the flexibility to deal with all major insurance companies.