Can I Buy Life Insurance If I Have An Illness?

It can be tricky to find affordable life insurance if you have a pre-existing health condition, especially if it’s serious.

Some life insurance carriers will turn you down flat, while other insurers may exclude the condition.

For example, if you have diabetes, and diabetes is excluded from coverage, the life insurance policy would not pay out if you were to die from the disease. You would, however, be covered if your death was not related to your condition.

There are a number of high risk life insurance carriers that offer life cover to people with pre-existing conditions, but you should be prepared to pay a higher price because of the higher risk of a death claim.

There are also guaranteed approval life insurance plans available for people ages 45 to 85 with no health exam required, no health questions asked, and you cannot be turned down due to any health problems.