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Can You Get Life Insurance with Pre-Existing Conditions

Written by Aaron Pinkston, Wed, Jan 20 2010

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I often hear two related questions: Can I get a life insurance policy with a pre-existing condition? Will life insurance companies cover death by a pre existing condition?

The answer is yes and yes. Stay tuned for the details.

Getting Life Insurance with Pre-Existing Condition

Yes, you can get a life insurance policy with your pre-existing condition. In fact, most Americans and Canadians have some type of existing risk. Most of us are abnormal – it’s true. Whether it be high blood pressure, a family member who died from cancer, or foreign travel, most of us have some type of additional risk that needs to be taken into account.

But perhaps you mean that you have heart disease or you had cancer. Could you get a policy then? Probably.

The likelihood of getting a life policy depends on your individual situation and the unique underwriting requirements of all the life insurance companies out there. So your best bet to find the right life insurance policy for you should start by getting quotes from many agents to compare that are customized for your specific circumstances. I only know of one way to get those types of quotes without worrying about sales pressure.

Follow these steps to make sure you get the best life insurance quotes for pre-existing conditions.

Will Life Insurance Cover Pre-Existing Condition?

The other question is certainly related. Once you get your life insurance policy, would the life insurance company cover your pre-existing illness? Well, yeah.

Gone are the days when life insurance companies routinely issue “coverage riders” for policies in which they specify illnesses they do not cover. This is still common practice in other types of insurance however. So unless your cause of death is not specifically excluded, it is covered.

What if you die in another country? Covered. What if you die of the plague? Covered. What if you had heart disease when you applied and died of a heart attack? Covered. As long as the cause of death is not excluded, it is covered by your policy.

You should also take heart in the fact that with so many life insurance companies to choose from, most health conditions can be successfully and affordably underwritten. So go ahead and get your customized quotes from multiple agents today. And get that pre-existing condition of yours covered with life insurance.