Pre-existing conditions are hotly debated in both health and life insurance. You may wonder if you can get life insurance if you have a pre-existing condition. Fortunately, there are ways you can get life insurance, even with a pre-existing condition.

What Type of Life Insurance Covers Pre-Existing Conditions?

There are many life insurance products on the market that cover pre-existing conditions. However, getting coverage for a pre-existing condition likely isn’t going to be a walk in the park. In most cases, you may have many options, but you may face a lot of restrictions.

Many providers have specialty life insurance products that cover people who have severe pre-existing conditions. A pre-existing condition may include things like heart disease or diabetes. These policies are typically whole life policies. They also usually have a required delay of coverage. For instance, although you have the policy, it may require you to wait two years before you are eligible to receive the full benefits.

Beyond restrictions, these policies charge a premium. They aren’t unaffordable, in general. However, it is risky to insure someone with a pre-existing condition. Most insurance providers account for the risk by increasing the policy's price. With the monthly premium higher than other policies, many people choose smaller policies to keep payments manageable. Of course, you should get the amount of coverage that’ll benefit you and your family.

Get the Coverage You Need with a Pre-Existing Condition

Consider every angle when buying life insurance with a pre-existing condition. Research these policies and get multiple quotes from many different life insurance providers. The more quotes you have, the more likely you’ll choose a policy that’s a good fit for your family. That way, you can maximize your monthly budget and the coverage the policy offers.

If you have a pre-existing condition, don’t let it prevent you from getting life insurance. Talk to your insurance agent about getting a specialty life insurance policy that covers people who have pre-existing conditions.

Insurance Plus is here to help you get a fast, free life insurance quote. Give us a call at 605-225-4270 for more information.