Can I Get Life Insurance with a Pre-Existing Condition? | Quotacy Q&A Fridays


Welcome to Quotacy’s Q&A Friday where we answer your life insurance questions. Quotacy is an online life insurance broker where you can get life insurance on your terms. I’m Jeanna and I’m Natasha. Today’s question is: can I get life insurance with a pre-existing medical condition? Having a pre-existing condition does not automatically disqualify you from getting approved for life insurance coverage. It will, however, likely effect the cost of your coverage. A pre-existing condition is a medical illness or injury that you were diagnosed with before buying life insurance. Medical conditions can affect longevity. If you have a health issue, the risk of you dying sooner rather than later is higher compared to someone without a pre-existing condition. In the eyes of the insurance company this means they are more than likely paying out a large sum of cash sooner. To make up for this higher risk individuals with pre-existing conditions may pay higher premiums. When you apply for life insurance the insurance company reviews your application and your medical records. Most of the time applicants have a quick medical exam done so insurance companies have the most up-to-date health information. The insurance company takes this information and determines the risk you pose by them insuring you. Within every age group the probability of death is greater for some than for others. If your risk is higher, you pay more than the standard cost. To make sure you’re getting the best price on life insurance work with a life insurance broker that will advocate on your behalf and shop around to different insurance companies for you. Not on life insurance companies view medical conditions in the same way. And an independent life insurance broker like Quotacy has contracts with multiple life insurance companies. Just as an example, let’s say you’re a breast cancer survivor who finished treatment three years ago. One insurance company may be willing to offer you standard pricing, another may postpone your application until five years have gone by, and another may outright decline you. Instead of you filling out multiple life insurance applications to send to different insurance agencies to find the right one simply apply online at Quotacy.com and we’ll do the shopping for you. You can instantly see quotes without putting in any contact information. Choose a policy and your Quotacy agent will double-check that the insurance company you chose is the one that will give you the best price based on the information you gave us on your application. Choosing the right insurance company can save you hundreds in premium payments. Quotacy is your advocate to make sure you don’t pay more than you need to. Thanks for watching. If you have any questions about life insurance, make sure to leave us a comment. And if you have any questions regarding today’s topic, check out the blog link posted below. And if you’re ready to get quotes check out Quotacy.com. We’re here to help you find the best deal on the life insurance you want. Bye! Thanks for sticking around. We’d appreciate it if you Liked the video and hit that fancy little Subscribe button to see us every week. Bye!

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