How to Buy Life Insurance With Pre-Existing Conditions
December 14, 2021 by Christy Bieber
Life insurance pays a death benefit when the policyholder dies, ensuring surviving family members are provided for. But life insurance with pre-existing conditions may be more difficult to find, making it harder for people with medical issues to protect loved ones. This guide provides insight into the best life insurance policy for pre-existing conditions.
What is a pre-existing condition?
Buying a life insurance policy with pre-existing conditions can be tricky. That’s because insurers evaluate an applicant’s health status. But what is a pre-existing condition?
A pre-existing condition is any medical problem that exists prior to the purchase of life insurance coverage. Some pre-existing conditions are more serious than others. In some cases, life insurance with pre-existing conditions is not available at all. In other situations, insurance may be available but more expensive.