Pre-existing medical conditions

Stethoscope hanging

Taking out a life insurance policy can bring you peace, knowing that your family and loved ones are financially secure. However, there are some things you should know about life insurance and how they’re affected when you have a pre-existing medical condition.

Can You Get Life Insurance With A Pre-existing Medical Condition?

The answer to that question is yes, yes you can! It’s important to know what a pre-existing medical condition is so that you know if you fall under that category when applying for a life insurance policy. A pre-existing medical condition can be any illness, disease, or injury that you have, which could include anything from asthma, anxiety, high blood pressure, and obesity. There’s a long list of conditions, so it’s worth doing your research and finding out whether you fall into any of the conditions mentioned.

A medical issue can affect the premiums you pay, and this might be higher than the standard ones offered to those who have no existing medical conditions. By having a medical condition, it could affect the amount of insurance providers you have available, and it could be limited in the variety you get. It’s also important to note that you might have a provider who refuses to pay out if you don’t declare any medical conditions that you had prior to filling out the policy application. This dishonesty will not sit well and could end up biting your family back if you were to pass away.

Healthy fruits in heart shaped bowls

Is Cover Still Available For Heart Attacks Or Diabetes?

Yes, you can still get cover for both of these but again, the premiums might be more expensive and so it’s important to clarify your current condition and answer any further questions that the insurance provider might ask. If you can prove that your medical condition isn’t as bad as it’s assumed to be, then you may be able to reduce the amount you’d be expected to pay.

It’s worth noting though, that for some conditions like Type 2 diabetes, insurance providers might not be willing to offer you insurance. This is due to the fact that this type of diabetes can be hard to manage, and it often leads to further health complications and conditions. However, it’s not impossible to find cover, but it’s worth knowing you may be pretty limited to what’s available.

In order to get the best policy possible, you need to be honest about any pre-existing condition you currently have. Keep them updated if this changes and ensure that you’re detailed in all aspects of the condition to let the insurer know all the the information needed to make a decision. The more you can give, the better chances you have at reducing your payments. 

Life insurance is a must, and so it’s important you’re securing a life insurance plan as soon as you can, especially if you have family members who rely on you. It’s good to know that you’re providing courage for your loved ones. Life Insurance Comparsion can be great to help see what’s available and what suits your needs and financial abilities.