Insurance companies agree to take on a certain amount of financial risk when issuing a new insurance policy. A great deal of consideration must be placed on the likelihood that the new customer may get sick or even die. A battery of simple blood test and urine test can reveal enough to make a proper determination of risk. Most insurance companies require applicants to submit blood and urine samples so tests can be conducted to determine whether or not the person’s present health status fits a pre-determined pricing model.