Fact checked by Jennifer Klump Key Takeaways Medical underwriting looks at your health history to decide insurance costs and coverage. Major medical coverage cannot use medical underwriting due to the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Medical underwriting is the process of evaluating an application for health insurance ...

Although most advisors are familiar with life insurance’s financial protection and planning benefits, they can be surprised by the complexity of the medical underwriting process and the frictions of ...

If you plan to buy medical insurance, remember that the proposal you sign is the source document for this review. Keep it ...

You can switch Medigap plans without medical underwriting during the 6-month Medigap open enrollment period or within the 30-day “free look period” after enrolling in a new plan. Depending on your ...

You can apply for Medicare health coverage once you reach 65 years old. While Medicare policies come with lower premiums than traditional health insurance, these policies typically come with copays, ...

Life insurers typically give higher quotes or reject you for coverage if you have pre-existing medical conditions. Quotes for people with health conditions can vary a lot by insurer, so it’s important ...

In our industry, we hear from advisors who see life underwriting as opaque and confusing, and its “make or break” nature can be frustrating. An unexpected underwriting decision can derail a new ...