What term refers to a medical examination conducted by physicians or paramedics at the insurer's expense?

What term refers to a medical examination conducted by physicians or paramedics at the insurer's expense?

• A. MIB
• B. Medical Exam
• C. Standard Risk
• D. Delivery Receipt

Answer: (B)

In life insurance underwriting, a medical exam is the health check conducted by a physician or licensed paramedical professional and paid for by the insurer. This exam helps determine the applicant’s overall health and risk, and the results influence the premium and whether to issue the policy. It often includes reviewing medical history, a physical examination, and possibly lab tests such as blood work or urine analysis. The other terms aren’t the exam itself: the Medical Information Bureau is a data-sharing organization that insurers use to access medical information, not the examination process; Standard Risk is an underwriting classification used after review to describe expected risk; a Delivery Receipt is simply proof that the policy has been delivered.

In life insurance underwriting, a medical exam is the health check conducted by a physician or licensed paramedical professional and paid for by the insurer. This exam helps determine the applicant’s overall health and risk, and the results influence the premium and whether to issue the policy. It often includes reviewing medical history, a physical examination, and possibly lab tests such as blood work or urine analysis.

The other terms aren’t the exam itself: the Medical Information Bureau is a data-sharing organization that insurers use to access medical information, not the examination process; Standard Risk is an underwriting classification used after review to describe expected risk; a Delivery Receipt is simply proof that the policy has been delivered.