Life Insurance for People with Pre-Existing Conditions

Finding life insurance can be challenging if you have a pre-existing medical condition. However, having health issues doesn’t mean you’re automatically uninsurable. In fact, many life insurance companies offer policies tailored specifically for individuals with various health conditions.

This guide explains your life insurance options if you have pre-existing conditions, how to improve your chances of approval, and where to find affordable coverage.

What Are Pre-Existing Conditions?

Pre-existing conditions refer to any health issues or medical diagnoses you had before applying for life insurance. Common examples include:

• Diabetes

• High blood pressure

• Heart disease

• Cancer history

• Asthma or COPD

• Mental health disorders

• Obesity

How Do Pre-Existing Conditions Affect Life Insurance?

Insurers assess risk based on your health history. A pre-existing condition can:

• Increase your premium rates

• Result in exclusions or waiting periods

• Lead to denial of coverage with some companies

However, many insurers specialize in covering individuals with health challenges by offering:

• Simplified issue policies (limited health questions, no exam)

• Guaranteed issue policies (no health questions, guaranteed acceptance)

• High-risk life insurance policies designed for specific conditions

Types of Life Insurance Available for People with Pre-Existing Conditions

1. Simplified Issue Life Insurance

• Requires answering a few health questions, no medical exam

• Faster approval process

• Usually available as term or whole life policies

• Higher premiums than fully underwritten policies but more affordable than guaranteed issue

2. Guaranteed Issue Life Insurance

• No health questions or exams required

• Acceptance guaranteed regardless of health

• Lower coverage amounts (typically up to $25,000)

• Usually has a waiting or graded benefit period (2–3 years)

3. Fully Underwritten Life Insurance

• Requires medical exam and detailed health information

• Best rates if condition is well-managed

• May have exclusions based on condition severity

Tips for Getting Life Insurance with Pre-Existing Conditions

• Be honest: Always disclose your health history accurately to avoid claim denials.

• Shop around: Different insurers weigh medical conditions differently—getting multiple quotes increases your chances.

• Work with an experienced agent: They can guide you to companies specializing in high-risk applicants.

• Improve your health: Manage your condition with medication and lifestyle changes to improve underwriting outcomes.

• Consider smaller coverage amounts: Start with affordable coverage and increase as your health improves.

Top Life Insurance Companies for Pre-Existing Conditions

Final Thoughts

Having a pre-existing condition doesn’t mean life insurance is out of reach. By understanding the types of policies available and working with the right insurers, you can secure coverage that fits your health situation and financial needs.

Start your search early, be transparent about your health, and leverage specialists who understand the nuances of high-risk underwriting.

Frequently Asked Questions

Q1: Can I get life insurance if I have diabetes?
Yes, many companies offer policies for diabetics, especially if your condition is well-managed.

Q2: What if I’m denied coverage?
Consider guaranteed issue policies or reapply later if your health improves.

Q3: Will life insurance premiums ever go down after approval?
Typically, premiums are fixed, but some policies allow reviews or conversions.