Medical exam for life insurance

When applying life insurance policy, you are generally will be asked to take a medical exam.
Generally, if you are under the age 50 years and apply life insurance with low minimal coverage, you are probably will not take a medical exam. Thus, the older you are, the less life insurance you can buy without a medical exam.
This picture also depends on your health record and underwriting guidelines of insurance company you choose.

Type of medical exam may include basic physical, blood pressure, and urine test. Some insurance companies also require an ECG or treadmill ECG (stress test) for life insurance policies.
You may also have to provide your health record, including the name of your visit doctor, date of visit, and the treatment they recommend. Nurse or doctor who is paid by the insurance company will conduct the exam normally.

If you have medical condition, there's nothing you can hide.
Typically, insurance companies have access to some medical information through the bureau of medical information. So, if you try to hide the facts about your health status, there is a chance the insurance company will return your application.
In addition, if the insurance company find such information, they will see it more clear and if you die as a result of your illness, your insurance company may choose not to pay the death benefits to your heirs.

There are several steps you can convince to get the best results in your medical exam:

- Sleep well several hours before the exam.
- Fasting eight hour in advance if possible to produce accurate results.
- Do not smoke at least one hour before the exam.
- Avoid caffeine at least one hour before the exam.
- Avoid alcohol consumption for at least eight hours before the exam.
- Do not do strenuous exercise for 24 hours before the exam.
- Limit consumption of salt and cholesterol at least 24 hours before the exam.
- Cancel the exam if you are sick.

By doing the above steps, you will get a good medical exam results and will certainly make lower your insurance premium.

Tips to buy life insurance

Buying life insurance is an easy way to protect your family when something bad happening to you.
If you know what you're looking for, you get the best coverage at an affordable price.

The reasons why people buy life insurance is a financial protection.
If you are an unmarried person, you may not need life insurance because nothing is to be borne by you. But, when you're married, your responsibilities will be more in line with the growing of your family. Therefore, you will need life insurance in this condition for anticipating.
In general, the purpose of life insurance is to transfer your income (along with interest) to your heirs when you are gone.
Also, you may purchase life insurance to pay the debts and other costs, social service, and real estate finance.

There are two basic types of life insurance.

- Term life insurance which provides insurance coverage for a specific period.
- Cash value, which combines a death benefit with cash value component.

Cash value insurance offers lifetime protection, while term life insurance may be the right choice for financial protection.
Some policies will help you change your term of life insurance policy to be permanent.

The amount of life insurance protection you should buy depends on how much income you need. If you are married, both you and your wife should buy life insurance.
One of easiest ways to estimate how much life insurance protection that you need, you should use a life insurance calculator.

Term life insurance usually offering various period between 1 to 30 years. Choose the term that adapts to your needs with life insurance protection.
How much life insurance you pay will depend on several risk factors include age, health, smoking or not, family history related to health condition, and type and amount of life insurance you want to buy.

When comparing life insurance benefits, make sure the coverage you compare is same. Then knowing the company rating that issued life insurance from several rating service company, such as A.M. Best or Standard & Poor's.
These companies evaluates the financial condition of insurers and claim payment ability.

When you are ready to buy life insurance policy, you will fill out an application that contains questions about current and previous of health condition, and your lifestyle.
You need to do some health checks, and your history record of past health condition will help insurance company in determining the suitable policy and at what price.

Life insurance policy on the internet

Insurance consumers today have many choices.
They can use their insurance agent or buy insurance over the phone or internet.
Some insurance companies now offer policies that are only available on the web. Web that provides news about life insurance can offer many advantages.

You can get cheaper coverage and faster, and you are no longer need to visit an insurance agent.
Your choice may be limited. If you need a variation of policy features, it would be better visiting the agents.

Some internet-based insurance policies do not offer much variation with respect to limited policies features.
More complex of life insurance products such as whole life, variable life, and variable universal life require more explanation than some website providers.
This is to facilitate the online bidding and easy to understand.

Arthur Fliegelman, vice president and senior credit officer at Moody's Investor Service said that in order to sell life insurance online, you need an attractive products and simple.

In addition to life insurance, you can buy annuities that are exclusive to the web.
There is a drawback. Some popular features on variable annuities sold through agents, including long term care riders, guaranteed minimum income benefits, and bonuses, is not available on web-exclusive annuities.
Some annuities do not provide death benefits, which are beneficiaries of what annuity holders outlined in the contract.

One advantage of many online annuities is the ability to create an unlimited number of transfers between mutual funds and sub-accounts.

As more people become able to use the internet and feel comfortable making purchases online, web-exclusive insurance may be an attractive option.

Louisana's acting Insurance Commissioner, Robert Wooley, said the people who make purchases online insurance should ensure they understand the policy terms before purchasing. But, still doubting that about two-thirds of adults feel they have the right amount of insurance, only one third that looks really understand what they have.

Arthur Fliegelman of Moody's said that online insurance is not enough to give their service capabilities to customers, which include the payment of premiums, change insurance beneficiaries, or change coverage.
Fliegelman said the online insurance provider is required to make this services easy to use, if they want to increase their share in the market.