You will go through 6-8 weeks of underwriting to get approved and if not at the rate you were thinking, you will be disappointed.

Each company has its own underwriting guidelines, so if you miss the rate for one company, you may qualify with someone else.

See below for paramed exam information. Good luck
References :
Experience: http://www.lifeinsuranceadvisors.com/Underwriting-questions.html

You are right about term insurance–the premiums you pay are gone when the term is up. If you die after 30 years plus 1 day, your policy will pay nothing. You might consider whole life insurance. It covers you until you die (thus the name) and builds cash value over the years. It is much more expensive than term life insurance, but it covers a longer period and is certain to pay out a death benefit. The cash value can be used to pay the premiums later in life, to keep the policy in force. You can also borrow against the cash value.

Some experts say to invest the money you would save with term life insurance, putting it into something that with a bigger return than whole life offers. This is sound in theory, but would you really do that? If so, do you have the expertise to pick an investment that will outperform a whole life policy? Ask your broker or agent about both options.
References :
http://ezinearticles.com/?Life-Insurance—5-Mistakes-People-Make-When-Purchasing-A-New-Policy&id=549552

Find out what the ANNUAL premium is to compare. If you’re healthy and 30, you should be able to get this for under $400 a year, maybe a lot less.

So your quote looks good, BUT . .. how much of the $38 is service charge for paying monthly?
References :
agent, 21+ years

You also did not tell us how old you are, so its imposible to quote anything. That is the reason companies send out examiners. To get a 3rd party independent account.
References :