Blood Tests are Required for Life Insurance Policies


Blood Tests are Required for Life Insurance Policies

If you’re one of millions of Americans who are interested in getting a life insurance policy, then you’ll need to prepare yourself for a life insurance blood test.


By using these tests, companies can easily find out much about your life expectancy and your health. For instance, they can figure out if you are prone to alcoholism, heart disease, hypertension, diabetes, high cholesterol and any number of other ailments that can threaten your life.


About Life Insurance


When you buy life insurance, you generally need to have a medical exam done for underwriting. This can be compared to placing a bet; rather than gamble on random-draw numbers or which horse will win the race, insurers try to figure out how long you have left to live. Life insurance companies conduct these tests on prospective policyholders, check out the results and compare them to their data, which helps them determine whether it is sensible for them to provide insurance and how much it will cost to do so.


Here, applicants need to submit blood and urine samples. The insurers will also measure height, weight, pulse rate and blood pressure.


Types of Life Insurance Blood Tests


As previously stated, it may be required to get a medical examination when applying for a life insurance policy, especially if you are looking to get a larger benefit amount. Underwriters look at a number of factors to determine how likely it is you will experience premature death, which helps them figure out how much you will be charged. In addition to answering questions about your medical history, you will need to submit to life insurance blood tests, during which time the company screens for a number of conditions:


        Diabetes and cardiovascular diseases: Perhaps some of the most important conditions to screen for, insurance companies want to know if you have high cholesterol and other profiles that suggest you will have a stroke or heart disease. According to the Centers for Disease Control and Prevention, the top three causes of deaths in America include stroke and heart disease. In addition, having a high level of blood sugar can indicate diabetes, which can cause complications to the eyes, kidneys and nerves if left untreated.


        Infectious diseases: In particular, the insurance company will search for antibodies against HIV; this is a serious disease that affects your immune system and effectively destroys the ability to fight any other infection. In addition, you may be tested for antibodies against any of the hepatitis viruses that affect your liver.


        Liver and kidney disorders: Dysfunction in the liver and kidneys greatly reduces your lifespan. The company will screen for elevated urea nitrogen, creatinine and other enzymes within the blood.

        Cancer: These companies generally do not routinely check for cancer as they are difficult to find in the early stages. Usually, there is a simple test to check for prostate cancer in men. When the test is about 4ng/ml, there is an increased risk of developing prostate cancer.


Exceptions and Other Information


Generally, you do not need to have a medical exam if you already have life insurance through your employer or if you want either a guaranteed issue or simplified issue life insurance policy. Typically, these policies cost more to obtain if you are trying to hide a potential health risk. However, for underwritten insurance policies, insurers will require medical exams. If you know you are healthy and you are younger in age, you can often get low rates by going with the underwritten policy.


The insurance companies do not directly conduct the tests; they hire paramedical professionals. Based on your information, they determine your health risk and how much it would be worth charging you to issue a life insurance policy. Underwriters may have access to your medical records in order to get a better assessment of your overall health, and they may also need to consult with a physician on staff prior to making a solid decision either way.


Prospective policyholders who are older in age and are seeking to get a higher amount of coverage will likely need to submit to several other examinations to determine health. Examples of additional tests that would be required include a treadmill stress test and an electrocardiogram. Insurers typically want to conduct an EKG for those who are 50 years of age or older and want to get a policy upwards of $10 million. If an applicant seeks to get a policy of over $10 million, then the insurers will also tack on the treadmill EKG test.


As previously stated, there may also be a prostate exam required for male applicants, which is common for those over the age of 50. This is because 95 percent of those afflicted with the cancer are over 50.

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