The Examination Is Basic

In most cases, an exam is required. If so, the insurer will pay the costs and have it done at a time and place convenient for you – often right in your home. Some insurance companies require a medical exam for all policies, but others require the exams only for policies with a substantial face value.

The examination is basic, covering your height, weight, medical history, and blood and urine testing. With the blood and urine tests, the insurer looks for specific medical problems. Positive results could affect your premium, or even your ability to buy a policy.

It depends on how old your children are, how many years before you retire, and other factors. Many like the security of being insured up until their retirement, usually at age 65.

Others prefer to remain covered only until their youngest child graduates or leaves school, and so they make sure their term life insurance coverage includes money to pay for all college tuition or other educational expenses.

Most experts agree that you should carry insurance at least until your youngest child is 18. So if your youngest child is 3-years-old now, you would want to carry your insurance for at least 15 years. But that doesn’t mean you have to lock into a 15-year term.