Insurability is the circumstance in which an insurance company can issue life or health insurance to an applicant based on standards set by the company. It evaluates the risk and determines if the applicant qualifies for coverage.
A medical examination, often referred to as a physical checkup, is frequently required for applicants of life and/or health insurance. It helps to ascertain if they meet the insurance company's underwriting standards or should be classified as substandard or uninsurable.
