Medical Conditions that Will Affect your Life Insurance

Updated on September 18, 2020

Life insurance is annoying for most people, but especially so when you have a condition that makes it more expensive. When you are taking out life insurance, you are insuring the cost of your life if you die. That’s all life insurance is for, to help the people out who have to pay for services, debt left behind, and other expenses related to the end of life. When you are healthy, life insurance is cheap because the likelihood that you are going to pass away is low. But if you have a condition that puts your health at risk, the cost to insure you will be much higher. 

Life Insurance

Anyone living with a pre-existing condition or have suffered a condition that has given you trouble in the past, life insurance underwriters will ask you many questions about your health in the past and in the present. These conditions make life insurance go up due to many factors. These include the date of diagnosis, whether the condition is chronic, viral, or acute, if you are taking medication, the severity of the illness, and your family history. These factors will be calculated into your premium. Life insurance for pre-existing conditions is more expensive, but there are ways that you can make the price of your policy more reasonable. It is your responsibility to understand how your life insurance works, and educating yourself on the nuances of your policy could lead lower premiums and additional opportunities to exercise the policy in the future, if needed.

Pre-Existing Conditions

Many people who have already been declined life insurance, critical illness cover or income protection because of their medical condition and history. This doesn’t necessarily mean that you are uninsurable. Some insurance companies are more flexible than others. When it comes to adverse risk application such as pre-existing medical conditions. 

There are many pre-existing conditions that will impact your insurance premium. Some of them include diabetes, heart conditions, cancer, stroke, kidney disease, mental health disorders, multiple sclerosis, neurological conditions, and family history. Even accidental injuries can affect your policy. Medical complications related to your condition, mortality data, and lifestyle all make a difference to your insurance premium. 

As an example.  Life insurance for type 2 diabetics will be more expensive compared to rates for a non diabetic.  If you have any type of chronic illness, expect to pay higher insurance premiums.

Find an Agent

According to the experts at MoneyPug, which is a site known as a platform to find the best life insurance, one of the best ways to get the best rate on insurance if you have a pre-existing condition. This broker will help you by calling insurance companies for you and giving them the information about your pre-existing condition in the right way. Furthermore, if you eat well, lead a healthy lifestyle, and exercise regularly, you will be more likely to get a reasonable rate.  

Timing is Everything

Timing is an essential factor to life insurance premiums. A life insurance company will turn you down if you apply right after you have received a cancer diagnosis or a recently had a heart attack. You can always reapply, but it is better to apply for life insurance when you are healthy. If you take out life insurance when you are healthy, the insurer may look upon you more favorably. Once your condition is under control, you will get a better insurance rate. 

Each Insurer is Different

Every life insurance company has their own underwriting standards. You’ll raise more red flags if you have obesity, high blood pressure, and high cholesterol. There’s good news for your life insurance prospects as well as your prognosis. Advances in medicine have improved outcomes for many patients. If you’re in remission or have a chronic condition that is well-managed, you might be surprised about how the insurance company reacts. 

Whatever you are struggling with, life insurance is greatly impacted by pre-existing conditions. Still there is no reason to settle for less, you can get a reasonable rate. You should always get life insurance when you are healthy. If you get a long-term medical condition after you have life insurance, they will likely look at you in a much more favorable way. Find the right agent to help you if you already have a medical condition and need to take out an insurance policy. You will expect it to be very expensive, but do your homework and you will be able to take out the insurance that you need. On that note, check out for some plans that you can consider opting for. Pre-existing conditions will make your life hard, but don’t give up. 

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