When searching for life insurance if you have any type of high risk profile, there are a couple ways you can help yourself find the best policy, and the premium.
First and foremost, you’ll do well by using an independent agent. They have the capacity to search the multitude of carriers who specialize in the different types of risks. Not every company will underwrite the different risks evenly. While once company might offer great protection for someone who uses marijuana, for example, it may be a decline at a different carrier.
Do your research ahead of time as best as you can. Try to find out all the different questions which might be asked of you, so you can be prepared to answer them. And when you answer, be sure to give as much detail as possible, including dates of activity or diagnosis, preventative care or safety precautions taken, and any doctors you’ve seen or classes you might have taken.
Be prepared to wait a little longer to have your policy, as well. If there are many factors to consider, the insurance company make as for several documents or ask a plethora of questions before issuing a rating.
Denied Life Insurance?
If you’re still denied life insurance, you may still have a last resort.
There are guaranteed issue life insurance policies which are, as the name implies, guaranteed to be issued as long as you answer a few very, very basic questions. They might not even require an exam of any type, which could be very advantageous if you have health concerns.
No matter if you need $100,000 or a million dollar insurance policy, we can answer questions and help you get the coverage you deserve.
If you have any other questions, feel free to contact us and we’ll do our best to help out, or review our blog for more in-depth analysis. We have years and years of experience working with all types of clients and companies across the nation. We know which companies are going to give you the best coverage as a high-risk applicant.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance protection that your family deserves.
If something tragic were to happen, and you didn’t have life insurance coverage, your family would be left with a massive amount of debt and other final expenses. Losing a family member is never going to be easy, but being stuck with a giant hole of debt is going to make the whole situation that much worse.