fbpx

Get Life Insurance with a Pre Existing Condition?

life insurance with pre existing conditions

I am a Senior and I have a pre-existing condition, can I still get Life Insurance? That’s a question a lot of folks ask.

Another question is: “Do I have to have a physical? Since my health might not be perfect, I know this could stop me from getting any form of insurance.

This is what goes through the minds of many of those with pre-existing conditions. Can they still get life insurance for a pre-existing illness?

There are probably tens of millions of Americans who would love to get life insurance coverage but won’t because they are terrified of having that exam.

Years ago, you probably could not get coverage if you had a pre-existing condition, but today things are VERY different.

How Do Pre-Existing Medical Conditions Affect Life Insurance?

Life insurance for pre existing illness

Irrespective of what you may have heard, health conditions are not automatic disqualifiers for life insurance. You can find some policies that do not require a medical exam and qualify without discrimination. We are here to find select the best plan for your needs. 

Will I Get Approved for Life Insurance with Pre-Existing Health Conditions?

It is possible to get insured despite having a pre-existing, serious medical condition. You have to provide a simple disclosure stating the disease and other requirements, as asked. For some conditions, though, you may have to undergo extra medical screenings like EKG test, prescription drug records, and cancer testing. Also, you may need to pay higher premium rates for life insurance with pre-existing conditions. 

Will My Health Affect Life Insurance Cost?

Life insurance for pre existing conditions

The cost of your life insurance for pre-existing illness depends on several factors, including your health conditions. The main factors determining insurance premiums are:

  • The term and amount of coverage 
  • Your lifestyle and health conditions
  • Your gender and age

If you apply for a term or whole life insurance policy, you may have to complete a long health questionnaire and medical examination. Depending on your health status, family medical history, and pre-existing conditions, insurers will place you in one of these categories:

  • Super preferred- Excellent health
  • Standard- A low-risk pre-existing condition
  • Preferred- Perfect health with a minor issue like high blood pressure
  • Substandard- Average health with moderate-risk pre-existing conditions

For lower tiers, you will be either denied coverage or have to pay higher premiums. For existing health issues, your premiums will be higher than those paid by healthy folks. 

What Are the Alternatives to Traditional Life Insurance for You?

Even if you can’t qualify for traditional life insurance with pre-existing medical conditions, there are options like Guaranteed Issue Whole Life Insurance and Simplified Issue Final Expense Insurance.

Guaranteed Issue Whole Life Insurance

If you are aged 50-85 and don’t want your family to bear the financial impact of your medical treatments, funeral, or lifestyle expenses, this is the policy for you. You won’t be denied coverage if you meet the age requirements. The best part is that it is a permanent policy that will last your lifetime, and the premium rates are also locked until the policy’s end. 

Death benefits in guaranteed issue life insurance for pre-existing conditions may be limited to $25,000, and you get a waiting period of two years from the date of purchase. It means if you die within these two years, your beneficiary will not receive the full payout. They will only get the premium refund with 7-10% interest. 

Simplified Issue Life Insurance

You can buy a simplified issue burial insurance plan that requires no medical test. Depending on your medical conditions, the insurance provider may ask some health questions. 

The insurer will charge the premium based on your answers. When answering the questions, you must be honest as companies may cross-check the answers with your prescription history and MIB files to accept your life insurance for pre-existing conditions.

The death benefits are lesser than the fully underwritten policies, but you can still find policies with coverage up to $250,000.  

Common Health Conditions That Can Affect Life Insurance Premium

Can you get life insurance with pre existing conditions

Below is the list of pre-existing health conditions and lifestyle challenges that can affect your prospects of getting life insurance at the best prices. 

Amputation Due To Diabetes

• Eligible for immediate coverage: Yes

• Eligible for level rates: No

Aneurysm

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Angina

• Eligible for immediate coverage: No

• Eligible for level rates: No

Arthritis

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Asthma

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Atrial Fibrillation

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Bi Polar Disorder

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Blindness

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Blood Clots

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Blood thinners

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Cancer

• Eligible for immediate coverage: Depends on time

• Eligible for level rates: Depends on time

Congestive Heart Failure (CHF)

• Eligible for immediate coverage: Partial

• Eligible for level rates: No 

High Cholesterol

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes 

Chronic Bronchitis

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

More Life Insurance Challenges with Pre Existing Conditions:

Circulatory Surgery

• Eligible for immediate coverage: Depends on time

• Eligible for level rates: Depends on time

Cirrhosis

• Eligible for immediate coverage: Yes

• Eligible for level rates: No

COPD

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Crohn’s Disease

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Cystic Fibrosis

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Defibrillator

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Dementia

• Eligible for immediate coverage: No

• Eligible for level rates: No

Depression

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Diabetes

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Diabetic Coma

• Eligible for immediate coverage: Yes

• Eligible for level rates: Depends on time

Type 1 Diabetes

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Dialysis

• Eligible for immediate coverage: No

• Eligible for level rates: No

Disability

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Diverticulitis

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

More Life Insurance Challenges with Pre Existing Conditions:

Epilepsy

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Fibromyalgia

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Graves’ Disease

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Heart Attack

• Eligible for immediate coverage: Depends on time

• Eligible for level rates: Depends on time

Heart Surgery

• Eligible for immediate coverage: Depends on time

• Eligible for level rates: Depends on time

Hepatitis

• Eligible for immediate coverage: Yes

• Eligible for level rates: No

High Blood Pressure

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

HIV or AIDS

• Eligible for immediate coverage: No

• Eligible for level rates: No

Home Health Care

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Insulin Shock

• Eligible for immediate coverage: Depends on time

• Eligible for level rates: Depends on time

Kidney Disease

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Lupus

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Multiple Sclerosis

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Nephropathy

• Eligible for immediate coverage: Yes

• Eligible for level rates: No

Neuropathy

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Overweight

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Oxygen

• Eligible for immediate coverage: No

• Eligible for level rates: No

Pacemaker

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Parkinson’s disease

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

More Life Insurance Challenges with Pre Existing Conditions:

Pipe Smokers

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Retinopathy

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Sarcoidosis

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Schizophrenia

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Scleroderma

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Seizures

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Sickle Cell Anemia

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Sleep Apnea

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Smokers

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Stroke

• Eligible for immediate coverage: Depends on time

• Eligible for level rates: Depends on time

TIA Attack (Mini Stroke)

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Tumors

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

Wheelchair usage

• Eligible for immediate coverage: Yes

• Eligible for level rates: Yes

The Insurance companies know you don’t want to have an exam, so if you go with the right one (insurance carrier), you can skip that exam and go straight to getting coverage. Get your instant life insurance quote today.

How Can We Help Get You Covered for Life Insurance with Pre-Existing Conditions?

Life insurance with pre existing medical conditions
  • First, we do qualifications check on you … the good news, no doctor is involved.  It’s just you and me on the phone, and maybe it takes 5 minutes.
  • Second, we see exactly how much coverage you are going to need.  Again, no CPA is needed, as it is just you and me on the phone, it takes maybe 3 minutes.
  • Third, we make 100% certain that we have affordable life insurance for a pre-existing illness that will suit you.  It’s probably the worst word anyone can use in sales, but let’s just lay it on the line.  If you are on a fixed income, money is tight, and you want to get coverage, so what you need is a CHEAP plan from a quality company like Mutual of Omaha.
  • Then we do the application, maybe a voice signature over the phone or maybe via email, but we have done the entire process in as little as 15 minutes, and in rare cases, from start to finish, we spend around 30 minutes on it.

And you are covered for Final Expense Burial Life Insurance, and the plan is good, the price is good, and you are happy.

You may ask, what’s the catch?  There really is no catch.

If you would like to consider Final Expense Coverage for Burial to protect your loved ones and not leave them desperate for money to arrange your cremation or funeral, just give us a call at 1-800-400-8319 and we will walk you through the process.

You will be surprised how easy it truly is to get life insurance with pre-existing conditions.

Gary P. Cubeta
1-800-400-8319
Insuranceforfinalexpense.com
(Serving Americans In All 50 States)