Life insurance with pre-existing medical conditions

In the uncertain world we live in, it’s important to make sure you and your family are protected against unforeseen circumstances. There are many different ways to protect your family’s livelihood, but perhaps one of the most helpful is life insurance.

Life insurance is designed to make sure your family would be financially protected in the event that you passed away. Nobody wants to think about this situation, but unless you’re covered, it could leave your family unable to cover their costs.

However, you should be careful to check the terms and the criteria of any cover you’re looking at. For example, many insurers won’t provide cover for known pre-existing medical conditions.
Getting life insurance during illness
You may be able to get life insurance that does cover you, despite your pre-existing condition, but it may cost you more – it’s a question of perceived risk.

If you’re unsure about how much it would cost you, get in touch with a life insurance company / broker. They can tell you what you need to know so you can make the right decision.
What else can affect the cost of life insurance?
Whether you’re ill or not, there are a number of different factors that can affect how much you pay for your life insurance cover. Just a few of these include:

– Your age (younger people typically pay less)

– Whether or not you’re a regular smoker

– Whether you frequently engage in ‘dangerous’ activities (e.g. extreme sports)

– Whether you want cover for other family members

– How much you want your family to receive if you pass away.

Remember, every policy is different, and every insurer has its own terms and conditions. Be sure to check these before you commit yourself to anything.