Prepare For Your Life Insurance Medical Exam
When you are looking for the right life insurance coverage, it is not uncommon for your insurance company to require a medical exam. While they may seem bothersome, they help your insurance company gather important information that they need to decide on your insurance premiums. In general, the healthier you are, the lower your premiums will be. Consider these common issues that may show up in your medical exam that can make you look unhealthier than you really are.
- False positives – if your medical exam will include a drug test, there are some foods that you should stay away from to ensure that you do not get a false positive. Drinking tea that contains coca leaves can lead to a false positive for cocaine, while eating poppy seeds can make you test positive for opiates.
- Temporary high blood pressure – you may want to skip on your morning coffee before you head to your medical exam. Having too much caffeine before your exam can make your blood pressure seem like it is much higher than it actually is.
- Dehydration – make sure to drink plenty of fluids beforehand so that you can give a good urine exam. When your body does not have enough water, it will not feel or look as healthy as it really is.
- Drinking and smoking – alcohol and cigarettes can show up as depressants and stimulants on your medical exam, which could be indicators of more serious kidney problems. Avoid drinking or smoking before your exam to help keep your numbers where they should be.
When looking for the right life insurance policy that will best fit with your needs, contact the Insurance Agency of Dean Davis in Austin, Texas. We will work with you to ensure that you have the right amount of coverage, all at the right price.
Naming a Beneficiary
While most insurance policies that you invest in are meant to protect you, one does not – your life insurance. The benefits of your life insurance are meant to provide financial cushion for your loved ones after you are gone. When you invest in a life insurance policy, you will have to name a beneficiary, which is who will receive the death benefit of your policy after you pass.
You have many choices when choosing a beneficiary for your life insurance, including:
- A single person
- Multiple people
- A charity
- Your estate
- A trustee of a trust
If you do not choose a beneficiary when you set up your life insurance, the death benefit of your policy will be paid to your estate.
When choosing a beneficiary, you should choose both a primary and contingent beneficiary. The primary beneficiary of your policy will receive the death benefits of your policy when you pass away if they can be found. However, if they cannot be found, such as if they pass away and you do not change your policy, the death benefits will go to your contingent beneficiary.
When you are naming the beneficiaries of your policy, you should name them as clearly as possible, including identifying them with their Social Security number, since it will make it much easier for your life insurance company to locate them. You should also specify how you want the benefits to be handled if the primary and any contingent beneficiaries cannot be found. If you have not specified how you want the benefits to be handled, they can go into probate, which will make it much more difficult for your intended beneficiaries to collect.
For all of your life insurance needs to ensure that all of your loved ones are taken care of after you are gone, contact the Insurance Agency of Dean Davis in Austin, Texas.