Understanding Medical Checks
Once you have chosen your insurance and signed up, you will be asked to complete medical checks.
Why do I have to complete medical checks?
Though sometimes considered tedious, medical checks are necessary for insurers: they allow them to better assess the risk they will take by insuring your loan and will enable them to offer you a rate that best fits your situation.
GOOD TO KNOW: WHAT DETERMINES MEDICAL CHECKS
Self-administered health questionnaires
In general, health questionnaires contain several questions. You must answer them yourself as accurately and specifically as possible.
PLEASE NOTE: IF IN DOUBT, IT'S BETTER TO SAY TOO MUCH THAN TOO LITTLE
1When the health questionnaire is not enough
Did you declare medical information in your health questionnaire? It is likely that the insurer will ask you to have your treating physician or specialist fill out a detailed medical questionnaire on the disease or condition you declared. You will need to provide copies of any medical examinations in your possession.
2Beyond a certain age or a certain insured loan amount
Have you exceeded the thresholds? You will have to undergo a health assessment consisting of a doctor's visit with a medical report filled out by your physician, a medical test (blood or urine) and potentially a heart examination (which checks you will undergo will depend on the insurer).
PLEASE NOTE: FEE REIMBURSEMENT
What happens afterward? The different possible outcomes
Once you complete your medical checks and your file has been examined, your insurer may:
GOOD TO KNOW: LOAN INSURANCE WITH THE AERAS AGREEMENT