Paramedical Exam

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Paramedical Exam A medical exam required as part of the life insurance underwriting process where a paramedical professional takes blood and urine samples. A paramed exam is an exam done by a medical professional and is used to gather data about your medical history and current medical status. They may take measurements, like height, weight, and blood pressure, & the exams. The exam may also include the collection of blood, urine, oral fluid, and an EKG and/or X-ray, depending on the insurer's underwriting guidelines for your age and insurance amount. Some Life Insurance policies do not require a paramed exam or interview. These policies are often referred to as “simplified issue” or “non-medical” policies. In these cases, you may be asked a few medical questions, and the policy is issued if your answers deem you eligible for the product. These type of policies are excellent for buyers that are in good health…but may be overweight, don’t like needles, or just don’t want to deal with the hassle of the paramed exam. However, because of the accelerated underwriting process and convenience of these kind of plans – these policies are often more expensive, as the Life Insurance company could potentially be taking on more risk. The question clients always ask is who pays for the paramed exam? The life insurance companies pay for the paramed exam. There is never any cost to you. Also, client always think they may repeat a test if the results are unfavorable. In most cases, no. If you end up with unfavorable lab results it will be easier to move you to another life insurer. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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