According to the money section of www.taftmidwaydriller.com some people mistakenly choose special life insurance policies that do not require a medical exam. Byron Udell states in the article, "While it may be more convenient to buy insurance that way, it will cost you a fortune in the long run. These policies are significantly more expensive than their fully underwritten counterparts because the insurance company isn't being given the opportunity to really evaluate its risk."
If you are nervous about your life insurance medical exam, check out the article What to Expect: Your Life Insurance Medical Exam. It will give you a list of common questions asked and procedures performed for your life insurance medical exam.
Hi! Great site. Very Informative. On the linked article, I want to let you know that the link is broken.
Based on the quote, I would take exception with this portion of the quote “because the insurance company isn’t being given the opportunity to really evaluate its risk”. It may be just semantics to some, but the insurance company does evaluate the risk, please see my article http://purchaseandsellinsurance.blogspot.com/2007/04/business-of-insurance.html . What they have done to evaluate the risk is assign a larger mortality expectation than if they were able to rule out other known concerns.
Insurance carriers are in business to turn a profit and pass the profit to either the shareholders or policyholders as is appropriate in their business model. I guess I am a bit hard on the carriers, after all that is why policies are a contract.
Keep up the good work. I will link to your site as the information you provide is interesting and factual.
Holger
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