It is perfectly understandable why life insurance does not constitute a priority when a person is young and healthy. Even many of those who have actually considered it seriously never really bothered to make the time to shop around and get life insurance. However, once their wellbeing and physical conditions start declining, most people automatically think about the worst case scenario and realize that their loved one are financially dependent on them.
The main issue in this kind of situations is that the poorer your health and the worse your condition, the harder it will be to attain affordable life insurance. At times and mostly depending on the illness, you may very well be uninsurable. However, don't give up just yet as there are still a few tricks you can try to land a high risk life insurance policy.
1. Look for a company that specializes on high risk insurance
What most people are unaware of is the fact that each insurance company has a different perspective on the definition of high risk. To put it simply, if you shop *around you will be pleasantly surprised to discover that some insurers perceive your condition more positively. Therefore, if you stumbled upon a few companies that are not willing to offer you life insurance don't give up and keep trying.
It is important to note that similar to obtaining other types of high risk insurance, some companies are specialized in dealing with people in your exact situation. Therefore, it would be a good idea to search for insurers who provide high risk life insurance in your area on the internet.
2. Prove to them that you are able to keep your condition under control
In the eventuality that you are suffering from a chronic condition then the trick to getting life insurance consists of attesting that you can exercise control over your illness. Control in this case means that you take good care of yourself and you are not experiencing any complications resulted from the illness. At the same time, it would be wise to show the insurer that you are respecting your physician's recommendations to the letter.
More often than not, the evidence that you are perfectly able to keep your chronic condition in check involves undergoing a routine medical checkup that establishes your cholesterol, PSAs and blood pressure are within the normal limits. If they aren't, then you should do your best to get them regulated and only afterwards retake the medical tests.
3. The "trial offers"
In general, it is not a bad idea to send out a letter containing info regarding the risk condition you are suffering from to various life insurance companies in order to obtain a clue about what you should expect. Essentially, this process is similar to asking for quotes and does not require you to submit a formal application, undergo a thorough medical examination or sign any type of contract. The more insurers you send your information to, the more potential offers you will receive and hence, be able to select the best offer.
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