Will I need to have a life insurance medical?
It depends on your medical history, your general state of health and the terms and conditions of the insurance provider. When an insurance provider works out your premium, they’ll ask you questions about your general health and also consider your family’s medical history. They’ll also take into account your age, height, weight and lifestyle such as whether you smoke.
If you’re young and relatively fit, don’t smoke and your family’s health history is clean then chances are you probably won’t need to have a medical before life insurance can be taken out. It’s important to answer the questions as honestly as you can though – it may be tempting to knock a few pounds off what the scales say you weigh or ‘forget’ about the midweek alcohol and social smokes but even a little white lie could invalidate your policy.
In some cases, an insurance provider may ask you to take a medical, mainly so that they can assess your application in more detail and make sure that you’re given accurate premium. Typically you won’t have to fork out for the examination, your insurance provider will pay for you to be assessed, at a place and time that is convenient for you.
If you do need a medical, don’t worry about it. A doctor or nurse will check your weight, height, calculate your BMI and take your blood pressure. Depending on the insurance provider, you might be asked for a more accurate assessment of your health which might include further tests.