Can I Get Life Insurance If I Have Major Health Issues?

If you have a chronic health problem, also known as a pre-existing condition, you may wonder if any insurance providers in Columbia, MD, will issue you a life insurance policy. The good news is, yes, you can still get health insurance. The bad news is you’ll probably have a higher premium. HBW Insurance Group can help you find life insurance to cover your needs.

Life Insurance Companies Assess Your Health Risk

When you apply for a life insurance policy, the provider will ask questions about your general health, age, fitness level, lifestyle, and medical history. You may also have to undergo a medical exam from a company doctor to qualify. Don’t consider lying about your health on the application form because if your insurer discovers you lied, your policy may be terminated, or premiums could rise significantly. Many people with chronic health conditions like asthma, type 2 diabetes, and high blood pressure can easily get life insurance. Insurance providers want to see that you properly maintain your health for those conditions.

What If the Insurance Company Denies Coverage?

You still have options. One is finding a term wife policy, which is more affordable than permanent life insurance. Another option is a guaranteed-issue policy, which has automatic acceptance. However, the latter comes with limited death benefits and is usually used to pay final expenses. Many insurers charge higher premiums for individuals with significant health problems. You can cut your premiums by shopping around, maintaining a healthy lifestyle, and eliminating risks like tobacco use.

HBW Insurance Group, serving Columbia, MD, will work closely with you if you want a life insurance policy. We have relationships with many providers and can determine who will likely accept your application. Contact us today to get started.