High risk life insurance is basically life insurance for people with health problems of many different kinds. It ranges greatly in how severe a persons condition is, but requires a more detailed underwriting process.
In order to get accurate quotes, you need to use an independent life insurance agent to ensure you’re matching yourself with a suitable company.
We will do this for you.
Finding the right company is not only key to getting accepted, but for people with health problems such as diabetes or epilepsy who are searching for life insurance can get very expensive if you don’t choose the right carrier.
Life Insurance For People With Health Problems
If you’ve found this page, you’re in the right spot if you’re looking to buy a life insurance policy and your health is sub par. We have the knowledge and resources to help you secure the best rates so you can rest assured knowing your family is covered.
Finding life insurance for people with health problems is what we do, and we use over 50 companies and our experience to not only find all the carriers who are willing to offer coverage, but sort through those who might be most aggressive in issuing you coverage.
A person applying for coverage may be at a higher risk if they have:
- Heart Disease
- Criminal Record
… and the list continues.
A persons health problems could be not only something they deal with currently, but any issue which they’ve had in the past, whether acute or chronic. Life insurance for people with health problems is solely dependent on your ability to qualify based on all factors, so if you have more than one health condition, the points against you stack up pretty quick. This means current and past health, driving record, criminal record and more. Are you pregnant and wondering if you would qualify for life insurance while pregnant? We can help answer this question and assist you in finding the coverage you deserve.
What Are Your Options?
You have several routes you can go, depending on your personal situation. If you are looking for the most affordable coverage you can find, you are best of looking for a cheap term life insurance policy, or a life insurance contract which is simply small in coverage amount, like $5-10,000.
- Term life insurance for someone in poor health is probably your best option to get a decent amount of coverage at a premium which isn’t out of this world. You also have many more options because you can select from an annually renewable term up to a 30 year term policy. There are also many more carriers offering coverage in this category, so there is steeper competition for your business. This helps to drive rates down for you.
- If you need something longer, such as a permanent policy which never goes away, you can apply for a guaranteed universal life insurance policy, and they can stay in force up to 121 years of age. The price point will be higher than term per thousand, but generally you won’t need as much coverage if it’s a permanent policy. After you retire and pay off debts, your insurance need drops substantially.
- The last option, if your health is really forbidding you to find cheap life insurance, is to go the guaranteed issue route, which means it’s a guaranteed acceptance life policy. As long as you can pay the premium, you can have the coverage. The payout is graded, meaning it pays out less than the full death benefit in the first couple years, but you’d still get back any premiums plus interest if you died earlier than projected.
All of these options have different advantages and disadvantages that you will need to consider to ensure that you’re getting the best life insurance protection possible. There are dozens of different things that you will need to consider to ensure that you’re getting the best plan, and it can be a confusing and frustrating process.
Life insurance for people with health problems isn’t always hard to find, though we can help make this process easier, even if you are in search of a million dollar life insurance policy with health issues!
We specialize in finding low cost coverage for all types of different health conditions such as Cerebral Palsy life insurance. We have helped clients find coverage when they were already denied, and have helped clients lower their current premiums by finding a more suitable carrier.
If you assume that you can’t get life insurance because of your health conditions, that couldn’t be further from the truth. Regardless of your health or any pre-existing conditions that you have, it’s possible to get quality and affordable life insurance protection.
Getting Cheaper Life Insurance
There are several ways that you can get lower insurance rates. Making a few simple changes can save you thousands and thousands of dollars on your life insurance plan.
If you want to save money, the first thing that you should do is cut out any tobacco that you use. If you’re a smoker, then you have a higher chance of being diagnosed with severe health problems. The insurance company is going to offset that risk by charging you drastically higher rates. In fact, smokers are going to pay twice as much for their life insurance protection versus what a non-smoker is going to pay for the same sized plan.
Another way that you can save money on your life insurance plan is to improve your overall health. Before the insurance company approves your application, they are going to require that you take a medical exam. The results of the medical exam are going to play a huge role in how much you pay every month. Getting better results will secure you lower rates. If you want to improve your overall health, it’s time to start going to the gym and cutting out all of the junk food. Both of these are going to help you lose weight, lower your blood pressure, and reduce your chances of being diagnosed with other health problems.
What To Watch Out For
There are several insurance commercials and advertisements you see offering coverage starting at just $1 per month, or guaranteed rates per age group. Don’t fall for this trap.
Is it insurance? Yes.
Will it cover you? Yes.
It worth it? No.
You’re basically signing up for an introductory rate, and after a certain time period passes, your rates will start to sky rocket. Not only this, but if your health starts to deteriorate, you now won’t be able to get traditional term life insurance. Of course it sounds good while you watch the commercial, but when it sounds too good, it probably is.
In addition, if you have health problems, never consult just one agent from one company. You need to use an agent who has access to multiple companies. An agent who works with just one major insurance company is forced to offer his company’s policy, not another. Even though the company and agent may be reliable, it doesn’t mean you’re getting the best deal.
Because there are hundreds and hundreds of companies on the market, you could spend weeks calling different companies to get the best rates. Instead of wasting all of your time on the phone, let one of our independent insurance agents do all of that hard work for you.
Our independent insurance brokers work with dozens and dozens of highly rated companies across the nation. It’s our mission to ensure that you’re getting the best rates possible. We know that shopping for life insurance is never a fun task, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best life insurance plan at the lowest available rates. Working with one of our independent agents will save you both time and money on your life insurance coverage.
If you have questions, please contact us and we’ll be happy to help you secure affordable life insurance today. We know that shopping for insurance can be frustrating, but that’s why we are here to help. We can answer any of those questions and connect you with the best possible plan.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance coverage that your family needs. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be left with a massive amount of debt and other final expenses. Losing someone that you love will never be easy, but being stuck with a mountain of debt is going to make the whole situation that much worse.