Unfortunately, your present health condition can affect your application for getting life insurance. Some diseases may delay the process and create hindrances, but it does not mean the insurer will deny you coverage outright. Some examples of common pre-existing medical issues are high blood pressure, liver disease, kidney disease, heart disease, cancer, and diabetes.
If you are suffering from a particular health risk and work with a good agent, you can still obtain a life insurance without having to wait for a long time for your approval. You should follow these steps to shorten your waiting time:
Know Your Medical Situation
It is important to know everything you can about your health condition. An insurance agent will ask for the necessary documents, including the prescription details, treatment dates, names of medications you take, doses, and other details. Make sure that you have all this information ready, as it will lessen the work of your insurance agent.
Also, make sure that you research about your options and obtain quotes from various insurance companies. It also helps if you have an idea what questions you are likely to be asked, so you know how to answer them.
Work With an Efficient and Reliable Agent
An insurance professional will help you know and understand the policies that are most suitable for your case. The agent will also offer you several rate options. Their main job is to guide you during the process and help you qualify for a life insurance based on your pre-existing medical condition.
If you want a fast approval, find a knowledgeable agent who can present your case in the best possible way. In fact, it is much better if you get an agent who is familiar with high-risk policies. This includes asking for pre-approvals, making cover letters, and so on.
Opt to Take the Medical Exam
For people with pre-existing health risks, they choose to complete the exam, as it gives them a higher chance of getting the best insurance rates. Therefore, taking the medical exam enables the insurance firm to know more about yourself and your condition. They may offer you a death benefit with a lower rate.
In case you do not pass the exam, the no-exam life insurance policy is another option for you. It is a bit expensive, but the underwriting is less strict.
If you have health impairment, all the more reason for you to protect yourself. Life insurance is worthwhile, especially for your case. At Wellcovered Insurance Group, we aim to provide comprehensive insurance policies that makes your life easier to everyone who needs them. You can get more information about our products and services by calling our agency at (386) 218-4951. Get your free quote today by CLICKING HERE.