Why do some life insurance companies require a medical exam, and others do not, for the same coverage?

Okay, my wife and I are looking at life insurance policies. We have decided on getting $100K for me and $25K for her. (We are both in our thirties, and work full-time.)

The two life insurance companies we have narrowed this down to have both been in business for over a century, and are well-known insurers. The policies are identical, and the premiums are almost identical. (Only a few pennies difference per month.) The main difference between the two policies is that one requires a medical exam, and the other company does not. If I had wanted over $150K, the second company would have required one as well, if that helps any on this question.

So, on to the question! Does one companies requirement of a medical exam make them any more or less reliable than the other company? I don't care about the exam, and I'll take one gladly as long as the company pays for it, I just don't understand why one company requires one and the other does not.

Any opinions or ideas?

The purpose of the medical exam is to verify that you are currently health. That way you'll be paying in a premium for several years to come. Some companies are willing to take the risk up front that you are currently healthy, rather than go to the expense of a physical. I'm sure that they have accumulated enough data of the course of several years to be able to set their risk level with confidence.

Different companies have different underwriting protocols. Its that simple.

Off-topic, but I think your avatar is cool!

Underwriting protocols differ between major insurers.

Pretty interesting question.Suggest you visit here for useful tips.http://lifeinsurance.online-helpers.info...

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