Yes, life insurance companies may see your medical records.

If you have taken a medical exam before when applying for life insurance, the information would be available through the M.I.B. (Medical Information Bureau) which is where insurance companies share medical information about applicants for life insurance that have taken health exams.

In addition, the insurance company may request that you take a physical exam, which the insurance company pays for and they get to see the results. Also, the insurance company may contact your doctors for your medical records in order to help determine your health and any health issues you may have had in the past.

Here is an article with more information about life insurance medical exams and how you may even be able to get life insurance without taking any health exam.