Life insurance exam secrets

Before the exam, things to avoid

To get the cheapest rates, you must have good medical exam to qualify for the insurance company's preferred class. They will also investigate your medical records through the Medical Information Bureau (MIB). To "lower" your high blood pressure and pulse readings, you should avoid:

Other life insurance exam tips

If the insurance carrier doesn't like something in your medical exam, you can dispute their determination. Ask if more tests or retest could result in a reduced premium.

Credit (insurance) core

Credit history is used by the carriers as an indication of character and stability. If you're responsible with our finances, you'll probably with careful with your own personal safety. If you have a low credit score, include an explanation of your financial issues. You can dispute any thing you think are errors.

Driving record

Like your credit insurance score (credit rating), driving record is used by life insurance companies to determine what kind of cowboy you are. The more tickets and accidents on your driving record, the more likely you are to get higher risk status. With auto insurance being mandatory in every state and so expensive, why wouldn't you drive defensively?
Family medical history
If your family members are dying prematurely of heart disease, cancer, stroke or diabetes, you will pay more. Life insurance companies look for a pattern of early death in family. You should still have a history of regular check-ups and doctor visits, and no diagnosis will mitigate your family history.

Fitness program

If you never work out, life insurance companies should consider you a higher risk. Your insurance application may ask about your exercise program. Be specific about how much and how often you workout, even if it consist of chopping wood, or even vigorous household chores.

Height and weight
If you're not within the normal ranges of height and weight charts, you'll pay more. To get a low rate, you had better have low blood pressure, clean driving record, low cholesterol, high credit score.

Every life insurance company will charge much higher rates smokers. to be considered a "non-smoker" you can't have used any kind of tobacco for four years or longer. Even if you're smoked in the last 4 years, it's possible to be classified as a "preferred smoker" but be truthful on your life insurance application about your (minimal) smoking habits.

A 1/2-pack-a-day applicant will pay less than a two-pack-a-day addict. Cigar smokers and occasional smokers will pay even less. Tobacco chewers pay less than smokers.

We hope these tips help you in the hunt for the lowest term life premium. After the life insurance company makes their determination, you can dispute their findings, but it will be much easier to change your lifestyle and habits now, before your stuck paying higher premiums for 10, 20 or even 30 years.

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