How does the life insurance application process work?

The life insurance application process consists of a formal application, possible paramedical exam and underwriting process. After you complete the application you may be required to complete a paramedical exam which consists of a nurse or medical professional performing an abbreviated physical exam, blood draw, urine sample collection and medical history review. Once the application and paramedical exam are complete, the insurance company reviews the answers and results, obtains additional sources of information and then renders decision.