Usually, a life insurance company will require you to take a medical exam and draw blood and/or urine when you apply for your life insurance policy.

Then exam is paid for by the insurance company, and they check your blood for health issues; such as, high cholesterol, high protein levels, HIV/AIDS, STD's, diabetes, and other health conditions. In addition, they may check for use of prescription and illegal drugs.

A life insurance blood test may look for any signs of cocaine, marijuana, methamphetamine or other illegal drugs in your system. If the blood test indicates there are drugs in your system, you may be declined for life insurance, or the rate you are charged may be increased.

Here's how you can learn more about life insurance blood testing and how you may qualify to buy life insurance with no blood tests or medical exams.