In life and health insurance, a person whose physical condition is below what is considered to be normal, or who is involved in a hazardous occupation or hobby falls under impaired risk category. Those of us with significant health history such as heart problems, diabetes, respiratory disorders, cancer, acute mental disorders, drug or alcohol problems, HIV or conviction for a felony, often find it difficult to obtain life insurance. Most companies do offer coverage to insure "impaired risks," candidates. Coverage in that case can be table
rated, which refers to a class system that insurance carriers use to cover a person with a particular risk. At the same time the carriers hold the right to refuse insurance to anyone whose mortality risk is higher than what the carrier/s can handle.
Remember insurance companies are not non-profit organizations. They are in the business to make money. Also, life insurance is not a right but a privilege.
The good news is that most of us with impaired risks do qualify for insurance. The premiums, however will be a higher than what is someone in good health will pay. That does not mean you should give up. You may be surprised to find out how affordable your premium still can be. Also, once we know your situation we can then contact the appropriate carriers. For example, if you are a tobacco user in any form, not all companies are going to run for your business. We must then consider those carriers which are smoker friendly. Why pay more when you pay less!
If these companies can not issue a policy for you, you can still purchase a guaranteed issue policy. These policies are available to anyone and ask no health questions. Typically, these are the most expensive policies of all and have graded death benefits.
If you would like us to shop the market for you, and find you different options, please fill out the following short-form:
The information you provide is kept strictly confidential. It is never shared with or sold to anyone except a licensed insurance representative, who may contact you to reply to your inquiry.
LIFE INSURANCE QUOTES
Find the best rates for Term Life, Return of Premium Term and Guaranteed Universal Life Insurance plans. Compare top-rated carriers and save.
PLEASE NOTE: By law, agents and brokers offering life insurance products cannot charge fee for service from a client. Therefore, your premium is exactly what an insurance company quotes.