How To Qualify for Life Insurance after a Major Illness?
If you’ve been diagnosed with a major illness, you may wonder if you will still qualify for life insurance. Buying high risk life insurance after a major illness is possible; you may even be able to get coverage at a reasonable price.
The good news is that with better treatments used for serious illness treatments, qualifying for high risk life insurance is a bit easier. Life insurance providers are now aware that the treatments for common illnesses are effective; thus the reason for their high approval rates. In fact, there is a huge increase in the number of people whose application for life insurance is approved, despite their medical condition.
The increasing number of survivors for serious illnesses, such as cancer and heart disease, is also one of the reasons why most insurance providers do not view certain medical conditions as barriers to gaining their approval. More and more people are responding to modern treatments, which in turn lowers the risk for insurance providers. With these things in mind, it is safe to assume that you will qualify for life insurance even after you have been diagnosed with a critical illness.