What test does a life insurance company do?

Answer 1

A life insurance company requires an application to consider issuing a policy. It requires the applicant to answer various questions and to provide personal information of various types. Among these are questions concerning the applicant's health history. This is sought in order to determine whether the applicant meets the risk criteria that the insurer is willing to accept in order to insure the applicant's life. The policy is issued in reliance on the answers to those questions. Usually, the insurer also hires an independent company to conduct a physical exam of the applicant.

You might therefore consider the foregoing to be a "test".