Everyone wants to be healthy. However, sometimes, things are just beyond our control. Some people might suffer from diabetes, kidney disease or other chronic illnesses. You might feel great most of the time, and have your symptoms under control. In fact, the existence of your illness might have very little impact on your everyday life. Still, it might have a big impact on your ability to get life insurance.
Life insurance might help your family supplement your financial support in the event of your death. Unfortunately, chronic conditions, like cancer or heart disease, raise someone’s risk of early death. So, some insurers charge more or refuse coverage for applicants with pre-existing conditions.
How to Manage Getting Coverage
If you’re looking for life insurance, and you have a pre-existing condition, you have a challenge ahead of you. You might face hurdles that an otherwise healthy individual won’t encounter. However, with the right preparation, you can often still find a policy that suits your needs. Keep these tips in mind to help you do so:
Prepare before you look
Gather relevant medical information beforehand. You will likely have to provide certain medical information to your insurer. It’s best to have medical records and summaries of your condition from your doctor ready to submit.
Also, research how different insurers might handle a pre-existing conditions. Some might require medical exams while others won’t, for example. It might help you to narrow down which companies offer the best chances of acceptance.
Compare Policy Options
Ask your insurance agent if you do or do not qualify for certain types of coverage. For example, you might not qualify for certain types of whole life or term life policies. You might not be able to get different riders, exclusions or discounts either. Therefore, your agent can likely help you compare different policies to get the right one.
Other insurers might offer something they call guaranteed acceptance policies. This means you might get automatic coverage despite a pre-existing condition. However, use caution. These policies might cost more for extremely limited coverage, compared to traditional policies.
Your best way to find life insurance is to look at a wide range of options. It’s almost always best to work with independent insurance agents. They can compare the offerings of multiple insurers to find one that will insure you at the lowest costs. If you need assistance in getting Oklahoma life insurance, one of our agents is more than willing to help.