Paramedical Exams: Life Insurance's Vital Step

A paramedical exam is a personal interview conducted by a medical professional to collect information about an individual's medical history and current health status. This includes measurements such as height, weight, and blood pressure, as well as blood and urine samples. The exam helps insurance companies determine eligibility for their life insurance policies and the premium rates. It is a common requirement for life insurance applications, and the results are sent to an underwriting team to assess coverage and assign a rating class, which influences the premium paid by the applicant.

What is a paramedical exam?

A paramedical exam, also known as a 'paramed', is a personal interview conducted by a medical professional to gather information about an individual's medical history and current health status. This information is then used by insurance companies to evaluate an individual's application for life insurance coverage and determine the premium rates. The exam typically includes a medical history questionnaire, body measurements (height, weight, blood pressure, etc.), and the collection of blood and urine samples for laboratory testing.

The paramedical exam is usually completed within 20 minutes and can be conducted at a location of the individual's choice, such as their home or office, or at an exam centre. The examiner will contact the individual to schedule a date, time, and place that is convenient for them.

During the exam, the individual will be asked questions about their medical history, including any medications they are currently taking or have taken in the past, and any surgeries, treatments, or tests they have undergone. It is important to provide accurate and comprehensive information during the paramedical exam as this can impact the insurance company's evaluation and determination of coverage and premium rates.

In addition to the questionnaire, the examiner will also take body measurements, including height, weight, blood pressure, and pulse. In some cases, a resting electrocardiogram (EKG) may also be administered to assess heart function. Blood and urine samples will also be collected during the exam for laboratory testing. These tests can identify major health problems or risk factors, such as high cholesterol or drug use, which can impact an individual's eligibility for life insurance coverage.

Overall, the paramedical exam is an important step in the process of applying for life insurance. It allows insurance companies to gather the necessary information to evaluate an individual's health and determine their eligibility for coverage and premium rates. By providing accurate and comprehensive information during the exam, individuals can ensure that the insurance company has the data needed to make an informed decision about their life insurance application.

What does a paramedical exam consist of?

A paramedical exam is a personal interview that allows the insurance company to gather information about your medical history and evaluate your current health. The exam usually takes about 20 minutes and can be completed at home, in an office, or at an exam centre.

The paramedical exam includes:

• A medical history questionnaire
• Body measurements (height, weight, heart rate, blood pressure)
• Blood sample
• Urine sample

The exam may also include an electrocardiogram (ECG) or EKG, and an X-ray, depending on the insurer's underwriting guidelines, your age, and the amount of coverage.

Preparation

It is recommended that you fast for 6-12 hours before the exam and drink plenty of water. You should also limit caffeine, nicotine, and alcohol consumption in the 24 hours leading up to the exam.

You should also be prepared to provide the names and dosages of any medications you are currently taking, as well as a list of doctors or clinics visited in the last 5 years.

How to prepare for a paramedical exam

A paramedical exam is a personal interview that allows the insurance company to gather information about your medical history and evaluate your current health. This includes a medical history questionnaire, body measurements, and blood and urine samples.

• Wear short-sleeved or loose-fitting clothing to make it easier for the examiner to draw blood and take your blood pressure.
• Drink a glass of water about an hour before the exam to facilitate the urine sample.
• Avoid caffeine and nicotine for several hours before the exam.
• Avoid smoking or chewing tobacco for at least an hour before the exam.
• Refrain from alcoholic beverages and strenuous exercise for at least 8-12 hours before the exam, as these can raise your blood pressure.
• Get a good night's rest before the exam to keep your heart rate low.
• Schedule the exam for the morning, as your blood pressure is typically lower at this time of day.
• Fast for at least 4-12 hours before the exam, as instructed by the examiner. Drink plenty of water during this time.
• Limit your salt and high-cholesterol food intake for 24 hours before the exam.
• Avoid over-the-counter medications such as antihistamines and nasal decongestants for 24 hours before the exam.
• Have a photo ID and application paperwork ready.
• Provide a list of all medications you are taking, including non-prescription drugs, and inform the examiner of any previous issues such as fainting, nausea, or difficulty clotting.
• Inform the examiner of the names, addresses, and dates of your past doctor's visits.

What happens after the exam?

After the paramedical exam, the examiner will send your results to the life insurance company so they can complete the underwriting process and determine your eligibility for a traditional type of life insurance and what rate they can offer you. The insurance company will contact you to let you know if you're eligible and what rate they can offer.

You may be able to access the results of your blood and urine tests, depending on the paramedical company that conducted the test. For example, ExamOne—one of the top paramedical services—provides results within seven to 14 days after an exam. Applicants can register on the ExamOne website and be notified by email when their results are available.

The results of your medical exam will play a big part in the life insurance quote you get. It's important to take the test seriously. While you won't be able to make major changes to your health in the short period between applying for insurance and taking the exam, there are ways to prepare for your life insurance medical exam to ensure you get the best results possible.

What are the benefits of a paramedical exam?

A paramedical exam is a crucial step in the process of obtaining life insurance. It is a comprehensive health evaluation that helps insurance providers determine an individual's eligibility for coverage and the associated premium rates. While the exam may seem intimidating, it offers several benefits that are worth considering.

One of the main advantages of undergoing a paramedical exam is the potential for cost savings. By opting for a traditional insurance product that requires a paramedical exam, individuals can often obtain lower premiums compared to "simplified issue" or "non-medical" policies, which are typically more expensive due to the accelerated underwriting process. The exam allows insurance companies to assess the applicant's health more accurately, resulting in more favourable rates for those in good health.

The exam also provides an opportunity for individuals to learn about their health. It includes various diagnostic tests, such as blood and urine tests, which can uncover underlying medical concerns that the applicant may not have been aware of. This early detection can be invaluable for proactive treatment and improving overall well-being.

Additionally, the paramedical exam is convenient and flexible. Individuals can choose to have the exam conducted at their home, office, or a local facility, whichever option best suits their preferences and schedule. The exam is typically completed within 20 to 45 minutes, making it a quick and efficient process.

Moreover, the paramedical exam is usually free of charge, as the life insurance company covers the cost. This makes it accessible to individuals who may not otherwise be able to afford a comprehensive health evaluation.

Lastly, the exam ensures fairness in the insurance underwriting process. By evaluating each applicant's health, insurers can more accurately determine their risk level and set appropriate premium rates. This helps prevent healthy individuals from overpaying for coverage to subsidise those who are less healthy.

In conclusion, while the prospect of a paramedical exam may seem daunting, it offers several benefits, including potential cost savings, health insights, convenience, accessibility, and fairness in insurance underwriting.

Frequently asked questions