(Read part one of this post here.)
Life insurance policies that require a paramedic examination will cost less than those that don’t require one. In a paramedic exam, the examiner will come to you, and take a detailed health history, your height, weight, blood pressure will be measured. A urine and blood sample will be taken. You may also have a portable EKG depending on age and amount of insurance. The insurance company will pay for this exam an
d the results will help determine your rating class. You can always get a copy of your lab results from this exam.
Applicants for life insurance are given a rating class by the company. This class determines the premium you will pay. As explained before, many factors go into determining this rating. These classes are known as super preferred, preferred, and standard, with super preferred being the least expensive. After standard there are table ratings – from Table A (or 1) to Table P (16) although most carriers will decline you after Table 8. It is important to tell your agent all of your medical information so they can present it to the insurance company in the best light and be as truthful as possible! Once again, this is where an independent life insurance agent is your best resource. They know the ins and outs of which company will look at your issues most favorably, and can therefore help you obtain the best value. They can do your shopping to find your best choices. (A reputable agent will happily show you the quote so that you know you are getting a fair deal.)