If you have a pre-existing health condition, you might think life insurance is out of reach. While it can be more challenging, there are options available to help you secure coverage.
What Counts as a Pre-Existing Condition?
Common conditions that affect life insurance include diabetes, heart disease, cancer history, high blood pressure, depression, and obesity. Each insurer evaluates these differently.
Your Options
- Traditional underwriting — If your condition is well-managed, many insurers will offer coverage at competitive rates
- Guaranteed issue policies — No medical exam required, though premiums are higher and coverage amounts may be limited
- Simplified issue policies — Limited health questions with no medical exam
- Group life insurance — Employer-sponsored plans often don't require medical underwriting
Tips for Getting Approved
- Work with an independent agent who can shop multiple carriers
- Be honest on your application — dishonesty can void your policy
- Get your condition under control before applying
- Gather medical records showing treatment compliance
Every insurer evaluates pre-existing conditions differently. Your BlackArrow agent can help you find the carrier most likely to offer favorable terms for your situation.
