When an Exam Goes Wrong.
Taking an life insurance medical exam to qualify for the best rate class can occasionally backfire. For example: If you know you are not in the best physical shape, and you have not recently had a doctor’s visit (to check your blood pressure, cholesterol, A1C levels, and creatine and protein levels, among other things), taking an exam may be the last thing you should do.
Important: You should never try to hide or withhold any relevant information when completing an application for life insurance. There are times, however, when a client may be unaware that he or she has a specific medical condition where it would be best to forgo an exam.
Take, for instance, the life insurance application for a male who believes he could easily pass an exam and qualify for a Preferred Best rate class. And yet, upon completion of the exam – with the results revealing high PSA levels – the client has a hard time accepting this news. Further testing reveals the onset of prostate cancer, with a decline in coverage.
So, yes, taking an exam can be risky – one that becomes even more risky as you age.