Who is responsible for covering the costs of required medical exams during the underwriting process?

In the underwriting process of life insurance, the responsibility for covering the costs of required medical exams typically falls on the insurer. This is based on the principle that the insurer is the one requesting the medical examination as part of their evaluation to assess the risk associated with insuring the applicant.

When an applicant applies for life insurance, the insurer needs detailed information about the applicant's health to determine their eligibility for coverage and to set appropriate premiums. By covering the costs of these medical exams, the insurer is ensuring that the process is accessible to the applicant and facilitating a fair assessment of risk.

This practice also helps to remove any financial barriers that might deter potential applicants from completing necessary medical evaluations. Thus, the insurer takes on this responsibility to streamline the underwriting process and ensure that they gather the required health information efficiently.