I need life insurance but am in bad health?
I need life insurance but am in bad health?
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I need life insurance but am in bad health?
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4 Responses
2.1.2010
It is possible but it will likely be expensive.First off, do you have any coverage through your work or a former employer? Sometimes this coverage can continue on after you stop working there. These insurances are often convertable without providing medical evidence as well.Second, you have the option of a gauranteed issue policy where they do no medical underwritting. This will be expensive though.For all situations, especially those where you have health issues you should speak to an isurance broker in your area. they can check with their various companies to see who might be able o approve you. Do you currently have cancer or was it in the past? If it's in the past, it will depend on how long ago and what type. Same with the heart problems.A suggestion of a company to call completely depends on your location. Best bet is to ask around you local area if any one knows any good brokers. Or just do a google search to find one in your are and interview a couple of them to find one that you like to deal with. Source(s): Insurance broker in Canada. I have insured several clients with substandard medical conditions in their health history.
2.1.2010
You have two options:1. If money is no object, you can find SOMEONE to give you life insurance. It might cost more than the payout, if you're in bad enough shape. So, if you want a $100,000 policy, and you're willing to pay $110,000 for it, you could work that out.2. You can get a "guaranteed issue" policy, if you're 76 or under, through a company like Globe Life or Mutual of Omaha. Now, they're low value policies – like $10,000 – and you have to live and pay in, at least two full years before dying, to get the death payout. Besides those two, you could otherwise fund your life insurance need with your savings or other assets.
2.1.2010
Sorry, but you will not be able to get life insurance. This is not to be mean or without heart, but a better way to spend your money is to pre-pay on funeral expenses. Hopefully you will not need it for long time in the future.
2.1.2010
It is very unlikely that you will meet medical underwriting. If you do, such insurance will be very expensive.