How to Buy Life Insurance with Pre-Existing Conditions
Is it possible to purchase a life insurance policy if I have a chronic health condition? Yes, there are several life insurance companies that will insure someone with a health issue.
What Types of Pre-Existing Health Conditions Can Be Insured?
There are several types of common health ailments that may be approved for life insurance coverage, including but not limited to:
Diabetes, obesity, cancer, cancer survivors, high blood pressure, high cholesterol, smokers and HIV, among others.
What Insurance Companies Will insure People with a Health Condition?
Whether you have just been diagnosed or have been living with a health ailment for several years, there are multiple insurance carriers that may offer you coverage, including Prudential, Transamerica, Metlife, Colonial Penn, Gerber, United of Omaha, and AARP/ NewYork Life, among others.
Here’s a list of some common health conditions and insurers that may offer coverage:
What are the Best Life Insurance Companies for Seniors?
There are several factors to consider when selecting a life insurance carrier for seniors, including which insurers are trustworthy, reputable and established for a long period of time.
The leading insurance carriers for seniors include the following:
What Type of Life Insurance is Available with Health Problems?
Depending on your age, overall health, treatment and prognosis, you may qualify for permanent life insurance, term life insurance, or you can buy guaranteed issue coverage.
Permanent insurance provides lifetime protection, term insurance offers coverage for a period of up to 30 years, and guaranteed issue life insurance is usually for your entire life.
What If I Have Been Turned Down for Life Insurance?
If you have a health condition you may have been denied coverage for life insurance when applying for a policy due to your health.
If so, you can either contact a life insurance broker who specializes in placing high risk life insurance for people with pre-existing conditions – they have access to high risk life insurance carriers that may insure someone with your health condition.
Or, you could buy a guaranteed approval life insurance policy which guarantees your acceptance for coverage if you meet the age requirements (ages 45 to 85).
Tips for Buying Life Insurance with
Life Insurance Quotes
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