If you have a medical problem or an adverse medical history, can you get life insurance and at what price? The answer is – usually. If it’s a very serious medical difficulty which is recent then it becomes more problematic but not impossible.
Every case is unique and each insurance company is different in how they treat medical conditions. Some companies may do better with heart conditions, some may do better on diabetes, others on cancer now in remission. Our job (and expertise) is to know which companies are more liberal than others for different conditions and investigate and negotiate the market for you. (Even individuals with so-called “uninsurable” conditions can often obtain life insurance coverage with what is called guaranteed issue life insurance or simplified issued life insurance policies. These policies may have limited benefits for a number of years and then full benefits come in at some point.)
What can happen, when there’s a medical problem, is that insurance is issued that may be rated or “rated up” which means that the policy is issued with a higher rate than “standard” rates for life insurance. The overall name for this topic for this type of life insurance is called “sub-standard” life insurance which just means less than or not standard rates or cost.
The recommended step to take would be to go to experts with experience in helping many clients over many years. That describes the experts at LifeInsure.com. To have us look into your situation regarding obtaining life insurance with a medical problem, contact us to have a no obligation conversation.