Helpful Life Insurance Tips for People with Pre-Existing Conditions

Although the pre-existing medical condition isn’t a deal-breaker in life insurance, it may slow down the application. Fortunately, there are ways in which you can keep the delay to a minimum and get the best rates possible. Here are some helpful tips that you should follow as you navigate through the life insurance process.

Do your research about life insurance for individuals with pre-existing medical conditions.

Getting life insurance is not a fun task. Thus, it’s very understandable that you’d want to get over it as soon as possible. But if you have a pre-existing medical condition, it would be wise to be patient. That’s because high-risk life insurance will require more work than normal.

Before talking to an agent, gather more information about your condition. Get documentation and dates of your medical diagnoses and the treatments performed to you, including the details of your medication. Having this information handy can save you time as your agent will be able to pair you up with a suitable carrier.

Make sure that you know your options well and understand what you need to do. You may need to submit documents such as letters explaining your condition or your prescription information.

Be honest about your medical condition.

Be truthful when speaking with your agent.  Keep in mind he/she is working on your behalf based on the information you’ve provided. Give detailed answers to their questions. Giving out accurate dates of treatments, diagnoses, and tests will help a lot. Medication information and previous lab results may help as well.

Get quoted by multiple carriers.

Shop around for the best policy that fits your needs. Keep in mind to ensure that you get quotes from several carriers. That is very important for cases like yours because your situation may be viewed differently from one carrier to another.

Take a medical exam if you can.

Taking the medical exam may give you the best rates. That’s because it may be the best chance you have at getting a policy that has adequate death benefit to meet your needs. But if your policy won’t require you to take it, then you don’t have to do it.

Getting life insurance can be an overwhelming task especially when you have pre-existing conditions. Make sure you have a variety of options to choose from. Choose a policy that will not only suit your budget but will also address your needs.

Here at Roper Insurance Services, we have competent agents that will assist you as you apply for life insurance. Our agency has partnered with reputable insurance carriers that will offer you various insurance options to choose from. Get a free quote from us today and feel free to talk to us. Call us at (828) 388-1851 or visit our office today.​