What is a medical examination in life insurance?
The medical examination of a person who must be insured under a life insurance program is aimed at finding out whether the probability of death of this person deviates from the average level to a higher one.
It is believed that a medical examination can predict an increased likelihood of death within the next 3 years, and it is already problematic to predict what the health of the examined person will be in three years.
Since the examination is not a formality, it costs a lot of money, and since its effect is short-term, such an examination is used only in the case when an insurance contract is concluded for a large sum insured.
