Searching for affordable life insurance with a preexisting condition can feel overwhelming. The internet is full of information, but figuring out the right option for your situation often ends in frustration and disappointment.
At Special Risk Life Insurance, we make this process simple. Our goal is to find the right insurance company and secure a policy that fits your age, health, and family history — even if you have high-risk conditions. Licensed as a broker in over 30 states and operating as an agency in a select few, we help clients nationwide get coverage that makes sense.
Keep in mind, those low rates you see advertised on TV are for young, healthy adults. If you have preexisting conditions, your best rates will depend on honest answers about your health and medications, and working with a specialist who knows the companies that handle these cases well.
While online quote tools are convenient, they can’t evaluate your health fully. They’ll give a general price but can’t guarantee the rates you’ll actually qualify for. This is why working with a professional is crucial: we help ensure you’re applying to the right carriers for your health profile and needs.
Understanding Preexisting Conditions and Life Insurance
Preexisting conditions like diabetes, heart disease, sleep apnea, prior cancers, or prescription medications do not automatically disqualify you from life insurance. However, insurers assess risk differently, and the right company can make a big difference in rates and coverage.
We often encounter clients who think their condition puts them in the “worst category,” when in fact they qualify for much better policies with the right underwriting approach. This is where our expertise as high-risk specialists comes in.
How We Help With Preexisting Conditions
- We ask all the health questions an underwriter would need to know.
- We discuss lifestyle factors like diet, exercise, and overall health improvements.
- We identify the life insurance companies best suited for your specific conditions and medications.
- For high-risk cases, we send anonymous test applications to multiple carriers before submitting your formal application.
- We review the best offers with you and make a formal application only when the optimal carrier is identified.
Our approach maximizes your chances of approval and ensures the most affordable coverage possible given your health profile.
Have questions about life insurance with preexisting conditions?
Don’t spend hours researching policies. Get a personal quote today—accurate, based on your health, and tailored to your needs and budget.
Request a Personal Quote Call to Speak with an AgentInstant quote tools provide estimates, but only a professional can determine the best plan based on your health and situation.
Why Working With a Specialist Matters
Not all agents are created equal. Call center agents and less experienced brokers often work with a single carrier or are limited by time constraints. They may push you toward the wrong company, resulting in higher premiums or even a denied application.
We negotiate with the top carriers that handle high-risk cases. This can save thousands of dollars over the life of your policy and prevent unnecessary frustration. Even if you’ve been declined elsewhere, we can often find a solution that works for you.
Best Life Insurance for People With Medical Conditions
The “best” life insurance depends on your specific condition. For example, the ideal carrier for a client with diabetes may not be the same as for someone who had heart bypass surgery. That’s why having multiple options is critical. Our broker network across 30+ states gives you access to more carriers and tailored solutions.
Some situations, such as estate planning or key-person coverage, make finding the right carrier even more crucial. A small percentage difference in premium can mean tens of thousands of dollars over the life of the policy.
Getting an Approval With Preexisting Conditions
- We thoroughly assess your medical history and current condition.
- We determine the most suitable application type, whether no-exam or paramedical exam.
- We find the right carriers for your condition and medications.
- We send test applications to multiple carriers for preliminary evaluation.
- We review offers and advise on the best option for formal application.
- If needed, we can submit to alternative carriers if your first offer is not optimal.
Common High-Risk Preexisting Conditions
- Diabetes
- Heart disease/Heart Attack
- Cancer
- Stroke
- Sleep apnea
- COPD/Chronic Asthma
- Congestive Heart Failure/CHF
- Weight issues/obesity
- Depression/Anxiety/Bi-polar disorder
- Driving record violations
- Substance abuse
- Felony or misdemeanor history
- Other preexisting conditions
Illustration
Joe calls a big-name call center seeking life insurance. Because he has a preexisting condition, the call center directs him to the first liberal insurer they know. The policy is issued, but Joe is shocked by the high premium. Had he used a high-risk specialist, anonymous test applications to multiple carriers would have likely saved him thousands.
This is why working with a knowledgeable agent/broker is so important. Even if your health is complicated, we help navigate the carriers that will approve you at the best rates.
Frequently Asked Questions (FAQ)
Can I get life insurance with preexisting medical conditions?
Yes! Many people with health conditions can qualify for life insurance. Policies vary, and some companies are more lenient with certain conditions than others. Working with a high-risk specialist ensures you get the best options for your situation.
Will I have to take a medical exam?
It depends on the policy. Some no-exam options exist, but often a paramedical exam can help you qualify for lower rates, even with preexisting conditions. We guide you on which route is best for your health and budget.
Rates may be higher than someone in perfect health, but premiums are based on the severity of your condition, age, and medications. Specialists know which carriers offer the most favorable underwriting for your exact situation.
What types of life insurance work best for high-risk cases?
Simplified Issue Whole Life, Graded Benefit, and some Guaranteed Issue policies are designed for higher-risk applicants. Depending on your health, a traditional paramedical policy might still give you the best long-term rates.
I was declined before—can I try again?
Absolutely. Many declines happen because the wrong carrier or policy was chosen. As a high-risk specialist, we test multiple carriers to find the best chance of approval and favorable rates for your condition.
Should I get a personalized quote or use an instant quote tool?
Instant quotes give rough estimates but can’t account for preexisting conditions accurately. A personalized quote with an experienced agent ensures you get the most accurate rate and the right coverage.
Recap: Life Insurance With Preexisting Conditions
By working with Special Risk Life, you get a dedicated professional, not a call center agent. We carefully shop your case across multiple carriers, consider medications, and help ensure the best outcome.
Even if you’re outside our local agency states, our broker network across 30+ states means you get full access to high-risk life insurance expertise.
Call us today for a personalized quote: 269-230-3464
Special Risk Life is a veteran independent life insurance agency that specializes in guiding people with even the toughest health conditions thru the life insurance process. We are very passionate about helping people get the financial protection they want while delivering affordable coverage people can absolutely count on.