When You Undergo A Medical Exam Term Insurance Is Affordable.

Although until recently many people thought that life insurance meant only a permanent plan and none other term insurance is slowly becoming popular. About the steep rates charged for permanent plans like whole or universal insurance and felt they could not afford it they often heard. To disastrous consequences this meant that a lot of people made do without life insurance coverage and this often lead. In dire financial need the death of a bread winner without leaving behind sufficient savings or an insurance policy often meant the surviving family members were left.

Often they were evicted from their home since the mortgage could not be paid. Sometimes children had to forego a college education due to lack of finance etc. Term life insurance is a simple plan that allows the personal choice of the insurer to rule. He can choose the coverage amount and period that best suits his needs. He can pay low monthly premiums and choose periods ranging from 5-30 years in some cases. Coverage amounts can range from $100,000 to millions of dollars.

With term insurance is whether the applicant is willing to undergo a medical exam or not an important distinction. To live for the entire insurance period barring a tragic death undergoing a medical exam will show proof that the applicant is in good health and is likely. To the insurance company to given him coverage at extremely attractive rates this will give the incentive. A person who does not want to undergo a medical exam can opt for a term life insurance no medical exam on the other hand. At much higher rates this will ensure he gets insurance coverage.

They will hike up insurance rates as the insurance underwriter will assume that the applicant has some medical condition he does not want to reveal and therefore fearing he will die soon and the company will be liable to pay out death benefits sooner rather than later. Whether to undergo a medical exam or not, but they must realize that term insurance rates will be cheap when a medical report is submitted so, the choice is up to each individual.

They will be most insistent on a medical report being submitted most insurance companies may offer no medical exam insurance for a term policy but as far as permanent insurance plans like universal life insurance or whole life insurance are concerned. When issuing a policy for the entire lifetime of an individual this allows them to assess the risk the applicant poses and this is important. The more detailed is the medical report required the larger the coverage amount and the older the person. On young and healthy individuals submitting a medical report even for a permanent plan in fact some insurance companies will not insist.

Some of the information that the medical report will require are here:
Height and weight
EKG, chest X-ray
Medications a person is under
Details of last medical examination
Details of all hospitalizations
Urine specimen
Blood sample
Mouth swab
Family medical history.

By a physician you will also be thoroughly examined apart from going in for these and other tests. To the lungs for any indication of problems and also thoroughly examine your nose, eyes, ears and throat the physician will listen.

All hospitalization records and details of medication taken will have to be submitted. For both reasons will be asked from the applicant. If the medical report reveals some problems, further tests can be ordered. The insurance company physician can ask the applicant to take treatment for a certain period and undergo the same tests again if the condition is treatable. With the insurance application process if the problem is under control, they will go ahead.

Because some conditions like certain types of cancers, heart disease, high blood pressure, kidney or liver disease, tuberculosis etc. can be passed down generations in the same family it is important to reveal details about family medical history. Once all problems are ruled out, the application will be processed and he can get affordable life insurance. When you request a life insurance quote on line, make sure you take the option of undergoing a medical test if you want cheap rates. This will ensure you get the cheapest quotes you possibly can.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on cheap life insurance and life insurance quote, visit his site today.