Yes, many people with pre-existing health conditions qualify for life insurance coverage. While certain conditions may affect your premium rates or the types of policies available, having a health condition does not automatically disqualify you. Carriers evaluate each application individually, and different carriers have different underwriting guidelines for specific conditions, which is why working with an agent who represents multiple carriers is valuable.
Common pre-existing conditions that carriers regularly cover include diabetes (Type 1 and Type 2), high blood pressure, high cholesterol, asthma, depression and anxiety, thyroid conditions, and many others. The key factors carriers evaluate are how well the condition is controlled, the stability and duration of treatment, medication compliance, and overall health indicators. For example, a well-controlled diabetic with an A1C below 7.0 and no complications may qualify for standard or even preferred rates with some carriers.
For more serious conditions such as heart disease, cancer history, autoimmune disorders, or multiple conditions, the underwriting process may be more thorough and the rate impact more significant. Some applicants may receive "table ratings" that add a percentage to the standard premium. Others may be declined by one carrier but approved by another, as underwriting guidelines vary. Guaranteed issue policies provide a safety net for those who cannot qualify for any medically underwritten product, though with higher premiums and graded benefits.
The most effective strategy is to work with a licensed agent in our network who can evaluate your health profile and identify carriers with the most favorable underwriting guidelines for your specific condition. Applying to the right carrier first can make a significant difference in your rates and approval. All coverage is subject to underwriting approval by the issuing carrier.