What Does EOI Mean In Life Insurance? 
EOI stands for `` Evidence of Insurability '' . EOI shows the insurer that the insured person meets the health and risk criteria required by that company in order to get a certain policy . Group life insurance plans might not require EOI for a certain amount of life insurance , but then require EOI for additional coverage , or coverage for family members . Most privately purchased policies do have EOI requirements of some kind , although they can vary widely from simply answering a few questions to having a full medical exam done . 