As more information becomes easier to access, the need for medical exams has decreased for life insurance. Insurers can accelerate the process of underwriting by accessing information pertaining to your prescriptions, your motor vehicle report, and other personal records. Incase you were wondering, underwriting is the process in which underwriters, individuals employed by insurance companies, determine the health rating for premiums using actuarial data. These medical underwriters have access to multiple data services and can use algorithms to figure out your life expectancy.

Here’s how it works:

  • You answer questions about your health and your family’s health history.
  • The company, with your permission, pulls instantly available data, such as your motor vehicle record, your prescription drug history and certain information from previous individual life and health insurance applications.
  • The automated system uses algorithms to decide if you qualify and at what price.


But it still won't be that easy for everyone. The process of underwriting is focused on young and healthy adults, so if any individual has a specified health condition they must continue to undergo medical exams.
Cosmo Insurance Agency will help you choose the perfect life insurance plan depends as much on your financial needs as it does on your health class rating. We will assess all factors and guide you through every option until we find the perfect plan for you.

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