No Exam Term Life Insurance
» Up to $400,000 With No Medical Exam
» No Medical Exam Life Insurance
» Level insurance rates 10 - 30 years
» Simple application process.
If your health is preventing you from buying life insurance you may want to consider Guaranteed Issue Life Insurance.
High Risk Life Insurance
If you've had a major illness such as cancer, diabetes, cardiovasular, or even by-pass surgery disease and thought you could not buy life insurance consider High Risk Life Insurance
High Risk Life Insurance - Florida - Diabetic Life Insurance
Have you been diagnosed with diabetes, heart disease, cancer, or maybe you just wonder if you could even qualify for life insurance because of your health. Instead of avoiding life insurance, set some time aside to discuss your options with one of our advisers. More than likely, you can qualify for life insurance – something you may have originally thought impossible.
Have you put off buying life insurance because you didn't think you could qualify for it.
- Diabetic Life Insurance
- Life Insurance With No Medical Exam
- Term Life Insurance - 10 - 30 Year Term
- Senior Life Insurance - Final Expense
What is High Risk Life Insurance?
Generally, “high risk” means that the insured has a greater likelihood of dying sooner in life than his or her counterparts. This, in turn, means that the insurance company does not receive as many premiums on a high risk life insurance policy as one that is not considered high risk. As a result, life insurance carriers rate high risk individuals. Ratings are based on individuals who may:
- Suffer from current or historical chronic illnesses such as cancer, heart disease, diabetes, depression, stroke or high blood pressure
- Work in a hazardous occupation such as aviation or racecar driving
- Participate in risky activities such as scuba diving, rock climbing or foreign travel
- Use tobacco products or nicotine-related products such as patches or gum
- Drink alcohol regularly or have a history of alcohol abuse
High Risk Life Insurance Underwriting>
High risk life insurance goes through an underwriting process to assess insurability and to determine premium rates. Life underwriting places individuals into general categories depending on specific lifestyle choices and overall health. Each insurance carrier may have slightly different classifications, but all follow a general format.
For example, “preferred” plans relate to individuals in excellent health whereas “standard” plans apply to individuals with health or lifestyle issues. An example of a general classification system used in high risk life insurance underwriting is:
- Preferred Plus Non-Smoker/Non-Tobacco
- Preferred Non-Smoker/Non-Tobacco
- Standard Non-Smoker/Non-Tobacco
- Standard Smoker/Tobacco
If you are considered “high risk,” it does not necessarily mean you are ineligible for life insurance coverage. It does mean, though, that you will most likely be rated for high risk life insurance and may pay higher premiums as a result. However, depending on various factors you may actually qualify for preferred rates.
For example, it is possible for someone who suffers from a mild heart murmur, or diabetes to receive preferred rates for high risk life insurance. Similar cases may include individuals who have had breast cancer and report successful screenings following treatments. On the other hand, as the illness or lifestyle choice increases in severity, the more likely classifications will decline and premiums will rise. This can be very common for individuals who drink alcohol and show signs of organ damage.
High Risk Life Insurances Companies - Who Are They
Some life insurance companies that provide high risk life insurance policies include: American General Life, American National, Aviva Life, Banner Life, Genworth Life, The Hartford, John Hancock, Lincoln Financial Life, Lincoln Benefit, MetLife, Mutual of Omaha, Prudential, Transamerica and West Coast Life.
For More Information
Just because you may be considered “high risk” does not mean that you should be denied life insurance.
Call today and speak to one of our experienced high risk life insurance advisers to discuss options for you, your family or your employees. Having high risk life insurance gives you the freedom to move forward with your life knowing that financial support will be available for your beneficiaries. Don’t wait another minute – call us today at 888-564-7662