Preparing Your Client for the Exam and the Inspection Report
When your client needs an exam, it is only natural for him or her to have questions. We have prepared this information for you to advise your clients on what to expect during an exam, answer a few questions and provide helpful information to make the inspection report and paramedical exam as smooth as possible.
The Inspection Report
What is the inspection report?
The inspection report is a necessary part of the applications process. The entire phone interview lasts from 10 to 20 minutes depending on the number of supplementary questions needed such as: about a high-risk occupation or hobby, the Business Beneficiary Report or health questions.
Why is an inspection report needed?
The inspection report is an important independent source used to confirm information provided on the application and obtain additional personal information. The report is required for policies with face amounts above $1,500,000. Inspections may also be ordered at the underwriter's discretion.
You may want to let your client know the following information:
- For cases over $25,000,000, a direct face-to-face interview may be requested.
- Inspection reports are confidential and strictly between your client and the life insurance underwriter.
The Paramedical Examination:
Generally, a paramedical exam takes about 20 minutes. During the exam, a trained medical technician will ask a series of medical questions and measure your client's height, weight, blood pressure and pulse.
An electrocardiogram (EKG) and/or a blood profile may be required, in addition to a urine sample. An EKG is a painless procedure that monitors the heart's electrical activity, also known as the heartbeat. If a blood profile is needed, the technician will draw blood from your client's arm. The blood and urine samples are then sent to the laboratory via air express.
All test results are confidential and for the purpose of underwriting only. If your client would like a copy of the results, a signed authorization requesting them is required. Clients can discuss the results with their own doctor. Occasionally, additional test required - for example, a stress test (an EKG taken while the patient is on a treadmill).
Ways your client can prepare for the examination:
1. Bring a picture identification
2. Bring a list of attending physicians and their addresses
3. Bring a list of all prescriptions and nonprescription medications being taken
4. Don't eat or drink (other than water) for at least four hours prior to the exam. An eight-hour overnight fast is recommended.
5. Avoid alcohol, caffeine and meat products 8-12 hours prior to the exam.
6. Allow an extra 15-20 minutes for an EKG (if required)
7. Avoid smoking for one hour prior to the exam
8. Avoid strenuous activity or exercise for two hours prior to the exam.
9. Be prepared to provide information about all medical history.
Your client should be prepared to answer the following:
1. Questions on the General Application
2. Special risk details such as foreign travel, high-risk hobbies and any tobacco, alcohol or drug use
3. General medical history questions
4. General financial questions regarding income and net worth
5. Employment background and occupational duties
6. Questions on the Business Beneficiary Report, including reason for coverage
7. Driver's license number
8. Verification of financial information may be requested from sources such as bankers, or accountants. For large amounts, other business or appropriate sources may be contacted. Please feel free to contact your underwriter should you have any questions.