Life insurance is a critical but underutilized tool for protecting a family’s financial stability. But if you already have an existing medical condition, you may be unsure whether you can obtain a life insurance policy.
Still, a pre-existing condition doesn’t completely disqualify you from traditional life insurance. I recently discussed how to qualify for life insurance if you have a pre-existing condition with Ronda Lee from Insider.
The article discusses several points regarding life insurance with an existing condition. These points include:
- The use of independent agents.
- Independent agents generally have a better understanding of how companies underwrite differently. These agents will know which companies are more flexible and liberal with their underwriting.
- The two types of no medical exam life insurance.
- These types include Guaranteed Issue and Simplified Issue.
Read the article here for a more comprehensive understanding of this issue.