How to Get a Life Insurance Policy If You Have Pre-Existing Conditions

Often, getting life insurance quotes will involve a medical exam requirement which will ensure that you don’t have pre-existing medical conditions. For some, this requirement cannot be an issue, but for others, this can be a real concern. If you have such conditions and you still wish to buy a life insurance policy, here are things that you should know.

Heart disease and cancer are among the most common pre-existing conditions in people. Pregnancy is not regarded as one of these conditions but this can disqualify you because of the amount of medication that you must take. Insurance providers are expected to consider the cost of your medications so if you have a lower monthly premium that the cost of your medication, it is likely that they will not insure you. Other pre-existing conditions that will disqualify you from getting insured include Parkinson’s disease, diabetes, HIV/AIDS, epilepsy, asthma and multiple sclerosis.

However, you should not lose hope because you can still get insured when you consider buying a guaranteed life insurance policy. This policy allows you to apply for a life insurance without the medical exam requirement and this is a guaranteed coverage. Often, this type of policy is likely to cost more than an ordinary policy so that the insurance company can insure a person with unknown medical condition risks.

Apart from the guaranteed coverage, you can also get insured through your company if you are employed. There are a lot of firms that provide life insurance to their workers. With this coverage, you may be insured with just enough money to cover costs for your funeral arrangements. However, this is still a better means than to allow your surviving family to spend money for such costs in the event of your death. You should also take note that this coverage can only cover you at the time when you are still involved with the company.

Whether you decide to obtain a guaranteed insurance policy or you want to look for another alternative, you have to know what will be covered by the policy you choose before you sign on it. You can get various quotes from insurance providers to be sure that you obtain just the best deal for you.