Before the life insurance company agrees to a contract that may result in payment of a substantial lump sum, they will obviously want to verify the information you provided on the application.
Since your health status represents the most relevant factor in determining the likelihood of your death, an evaluation of your physical condition is usually a requirement before life insurance policies are issued.
Paramedical exams take an average of about 20 to 30 minutes and typically consist of blood pressure readings, height and weight measurements, and collection of blood and urine samples. You may be asked some health questions at that time.
Depending on your age, health and life insurance amount, you may be required to take a full physical examination from a doctor.
In addition, there are plans that offer up to $500,000 of term life insurance with no exam required, just a health questionnaire you answer online. If you qualify, you may start your life insurance coverage that same day.