When you apply for life or termed insurance, you have to take a medical exam. Based on your results, your insurer decides whether to insure you or not, and how much your insurance premiums will be. Before jumping into more information about things that cause your insurance premiums to touch the sky, take this quiz on HealthIQ.com to get a basic understanding of how a medical exam affects your insurance quote.
The first thing that has the biggest effect on your life insurance quote is your age. The older you are the higher your insurance quotes will be. Lifestyle habits are next on the list of things that can make life insurance easy or difficult for you. If you smoke, chew tobacco, consume alcohol, etc. you are not doing yourself any favors. All these lifestyle habits will take your insurance premiums through the roof and you will not be in a good position to negotiate anything.
On the other hand, lifestyle habits such as exercising and maintaining a well-balanced diet can also help you lower your life insurance rates. Your health at the time of applying for insurance also matters. This is where the medical exam comes into the equation. You have to go through a medical exam for your insurance company to know your blood pressure, blood sugar and cholesterol levels. An EKG might also be required if you are more than 55 years old. Cholesterol and blood pressure can be kept under check with good lifestyle habits before you go for medical exam.
Your driving record and medical history in the family can also play a role in your insurance rates. If you have heart diseases, diabetes, etc. in your family history, chances are that you will get one of these conditions at some point too. As for driving, they will see your driving record, the type of car you own and the areas you are mostly driving in. If all this information makes you think that it will be impossible for you to get insured, here’s the HealthIQ’s life insurance page for you to find a solution for yourself.