High-Risk Life Insurance: Best Companies That Accept You
If you’re considered a high-risk applicant due to health issues, lifestyle, or occupation, securing life insurance can be challenging. However, many reputable insurers specialize in high-risk life insurance, offering coverage tailored to your unique situation.
This guide highlights the best life insurance companies that accept high-risk applicants and explains how to find affordable, reliable coverage despite increased risks.
What Is High-Risk Life Insurance?
High-risk life insurance caters to individuals who may have:
-
Pre-existing medical conditions (e.g., diabetes, heart disease)
-
Dangerous occupations (e.g., construction workers, pilots)
-
Risky hobbies (e.g., skydiving, scuba diving)
-
Tobacco or substance use
-
Poor driving records or DUI history
Because insurers view these applicants as more likely to file claims, policies often come with higher premiums, graded death benefits, or limited coverage amounts.
Types of High-Risk Life Insurance
1. Guaranteed Issue Life Insurance
-
No medical exams or health questions
-
Guaranteed acceptance regardless of risk
-
Lower coverage limits (usually $10,000 to $25,000)
-
Waiting period (typically 2 years) before full benefits
2. Simplified Issue Life Insurance
-
Limited health questions, no medical exam
-
Faster approval
-
Higher coverage amounts than guaranteed issue
-
Premiums higher than standard policies
3. Fully Underwritten Policies
-
Complete medical exam and history review
-
Best rates if risk factors are well managed
-
Larger coverage amounts
-
Possible exclusions or riders related to risk factors
Best Life Insurance Companies for High-Risk Applicants in 2025
| Company | Policy Type | Coverage Range | Exam Required? | Special Features |
|---|---|---|---|---|
| Mutual of Omaha | Guaranteed & Simplified | $2,000 – $40,000 | No | Trusted for final expense coverage |
| AIG | Guaranteed & Simplified | Up to $25,000 | No | Flexible acceptance policies |
| Banner Life | Fully Underwritten Term | Up to $10 million | Yes | Competitive rates for stable health |
| Colonial Penn | Guaranteed Issue | $5,000 – $25,000 | No | Known for easy acceptance |
| Gerber Life | Simplified Issue | Up to $50,000 | No | Great for smaller coverage needs |
How to Qualify for High-Risk Life Insurance
-
Be honest on your application: Accurate information avoids claim denials.
-
Manage your health: Controlling medical conditions improves approval chances.
-
Consider your coverage needs: Start with affordable amounts and increase if possible.
-
Work with a specialized agent: Agents experienced with high-risk applicants can find better options.
-
Understand policy terms: Be aware of waiting periods, exclusions, and premium structures.
Tips to Lower Your Premiums
-
Quit smoking or using tobacco products.
-
Maintain a healthy weight and blood pressure.
-
Avoid dangerous hobbies when possible.
-
Choose term life insurance for more affordable rates.
-
Improve your driving record if applicable.
Final Thoughts
High-risk life insurance is designed to provide coverage when traditional policies aren’t an option. Although premiums may be higher and coverage limits lower, many companies offer reliable policies that protect you and your loved ones.
Start by assessing your risk factors, gathering medical information, and consulting experienced agents to find the best coverage at the best price.
Frequently Asked Questions
Q1: Can I get life insurance with a DUI?
Yes, but expect higher premiums and possible waiting periods.
Q2: Are risky hobbies always excluded?
Not always—some insurers offer riders or adjust premiums based on hobby risks.
Q3: What if I’m denied by one insurer?
Try another company or consider guaranteed issue policies as a backup.
