High Risk Life Insurance

by Jeff Rose on October 10, 2016

High Risk Life InsuranceIf you are a healthy person in excellent physical condition, finding life insurance is pretty cut and dry.

You can pick the policy you want, pay your premium and that’s that.

In fact, you’ll probably get a relatively low cost policy.

What is High Risk

However, if you are one of the many people who have a preexisting condition, are out of shape or live an adventurous life-style that constitutes you as being high risk, purchasing high risk life insurance can be a hassle. In a nutshell a high risk policy is one that poses a greater risk to the insurance company based on the previously mentioned contributing factors. In addition to life-style, an individual can be considered high risk based on their career as well. Often time law enforcement and military personnel are required to purchase a high risk life insurance policy.

Getting Insured

With all that being said, there is good news. It is possible to purchase a high risk life insurance policy if you are considered high risk. However, it is important to mention that some insurance companies will not insure individuals whom they consider high risk. But there are several who will. The best way to find out who those companies are is to talk with a qualified agent. In order to have the most favorable chance of finding a policy to meet your needs, make sure you are upfront about any condition you may have. The more information the agent has, the better he will be able to place you with the best company to fit your situation.

It’s important to keep an open mind when it comes to your coverage options. The policy rates you are quoted with a traditional policy may not be available with a high risk insurance policy. The insurance company is taking a greater risk with this type of policy and you’ll need to pay for that risk accordingly. When you find a policy that fits both your personal needs and budget, act fast.

The Importance of Life Insurance

There are millions of high-risk life insurance applicants that simply skip getting insurance coverage because of their risk, which translates into higher monthly premiums. They assume that the policy will either be too expensive or that they will be declined for coverage. In most cases, neither of these are true. There are life insurance options for anyone, and in most cases they are much more affordable than you might think. Skipping out on life insurance is one of the worst things that you can do for you or your family.

Countless people die every year and their families suffer the loss of a loved one, but not only that, they find themselves with thousands of dollars in unpaid expenses. Going through the emotional pain is difficult, but adding financial strain makes it worse. Having life insurance is something that you can put a price tag on, because you will know that your loved ones will have the coverage they need if anything were to happen.

The best way to get the lowest rates possible is to get quotes from several of the best insurance companies in the United States. Each company is different and all of them have different rating systems and standards for their applicants, which will translate into drastically different month premiums.

You could spend hours on the phone talking with different agents or you can simply fill out the quote form and have all of the lowest rates come to you. Your time is valuable, don’t’ waste it by answering the same questions with a dozen different agents.

Act Now

As previously mentioned, the best place to start your search for a high risk life insurance policy is by getting a quote. Don’t delay, act right away. In fact, the longer you wait could end up costing you more in your monthly premium cost. Regardless of your condition or lifestyle, having a good life insurance policy in line is essential for the protection of your family. When you pass away the last thing you want your family and loved ones to worry about are burial and other final expenses. A life insurance policy allows them to grieve and not worry about these matters.

A life insurance policy is also essential to protecting your estate. The policy will help to ensure it is maintained so that these assets can be passed down from generation to generation. Even if you’ve been declined for life insurance in the past, don’t give up. Protect your family today, call and get a quote right away.

{ 0 comments… add one now }

Leave a Comment

Previous post: