Many people have pre-existing health conditions, and this causes a delay in their application for a life insurance. Some of these most common health issues are diabetes, liver disease, heart disease, cancer and high blood pressure. While the application process may be slower, it does not always mean that the insurance company will deny giving you coverage.
There are some factors that can help you get life insurance with the best possible rates. It mainly depends on your ability to find an agent who specializes in clients with pre-existing medical risks, as well as the insurance carrier you choose.
To help make the process easier and faster, follow these 3 steps when planning to get a life insurance despite your health background.
Select the Right Type of Policy
Given that you are suffering from a medical disease, the policies for your life insurance may be limited. You can get a graded benefit policy, in which it does not require an exam, or simply ask a few questions about health. The payout systems vary, but expect to pay a higher price for this.
Talk to Your Doctor
Underwriters usually request an APS (attending physician’s statement) from your doctor if you have a pre-existing illness. Underwriters may also request for additional information from all the other doctors you have consulted with regarding your disease.
They will check the notes and other information from these medical professionals when deciding your application. While it may result in more scrutiny, sending the necessary documents upfront can save you a lot of time and effort in the end.
Be Honest About Your Health Issue
Your agent wants you to be honest and open to them as much as possible. This professional will work on your behalf and put your interest first. But, the agent will act and decide according to the information and paperwork you give them.
So, lay everything on the table as long as it concerns your medical condition. Answer all questions clearly. It will also work well for you if you have a list of your previous and present lab results, medications, doses, and other related information.
Your health condition may prove to be unfavorable to you, when it comes to buying a life insurance. But, if you follow the tips above and find an efficient agent and insurer to help your case, the odds may just be in your favor.
Do not let your pre-existing condition stop you from getting yourself adequate protection in the form of life insurance. At the Cornerstone Insurance Agency, we take pride in making sure that our clients are well-protected at prices they can afford. To learn more about how we can help you, please contact our agency at (770) 413-0807. or Click Here to request a free quote.
To help make the process easier and faster, follow these 3 steps when planning to get a life insurance despite your health background.
Select the Right Type of Policy
Given that you are suffering from a medical disease, the policies for your life insurance may be limited. You can get a graded benefit policy, in which it does not require an exam, or simply ask a few questions about health. The payout systems vary, but expect to pay a higher price for this.
Talk to Your Doctor
Underwriters usually request an APS (attending physician’s statement) from your doctor if you have a pre-existing illness. Underwriters may also request for additional information from all the other doctors you have consulted with regarding your disease.
They will check the notes and other information from these medical professionals when deciding your application. While it may result in more scrutiny, sending the necessary documents upfront can save you a lot of time and effort in the end.
Be Honest About Your Health Issue
Your agent wants you to be honest and open to them as much as possible. This professional will work on your behalf and put your interest first. But, the agent will act and decide according to the information and paperwork you give them.
So, lay everything on the table as long as it concerns your medical condition. Answer all questions clearly. It will also work well for you if you have a list of your previous and present lab results, medications, doses, and other related information.
Your health condition may prove to be unfavorable to you, when it comes to buying a life insurance. But, if you follow the tips above and find an efficient agent and insurer to help your case, the odds may just be in your favor.
Do not let your pre-existing condition stop you from getting yourself adequate protection in the form of life insurance. At the Cornerstone Insurance Agency, we take pride in making sure that our clients are well-protected at prices they can afford. To learn more about how we can help you, please contact our agency at (770) 413-0807. or Click Here to request a free quote.
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