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We understand that buying life insurance may seem like an overwhelming task, especially for those with a health condition. But having a health condition doesn’t automatically disqualify you from getting affordable coverage.

Here’s a helpful overview of what to know before buying life insurance and how to get the best deal.

Why does a health condition affect life insurance prices?

Basically, your risk of dying sooner rather than later is higher. To make up for that risk, companies will charge a higher premium.

How are life insurance rates determined for a health condition?

First, the life insurance company will collect all of the information needed to get a full understanding of your health. This will include medical records, prescription history and medical exam results.

After they finish their review, they’ll use data to determine how your condition(s) as well as your overall health will affect your lifespan. The lower your risk of death, the better (lower) price you will pay.

Getting the best deal on life insurance starts with finding the company that will be the most lenient when evaluating your health condition.

Want to see what you’d pay for life insurance?

Compare the best prices from the names you know and trust, all in one place with no commitments.

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How do I get the best deal?

Since every company calculates risk differently, getting the best deal on life insurance starts with finding the company that will be the most lenient when evaluating your health condition.

The easiest way to find the life insurance company that will give you the best price is by working with a life insurance broker, like Quotacy.

We have access to over 25 different top-rated life insurance companies, so after you apply, we’ll double check to make sure you’re matched with the company that will give you the best deal.

Another way to make sure you get the best deal is by choosing a company that requires a medical exam. Companies that offer no-exam policies charge higher rates and have limited coverage options because they have to guesstimate the risk of covering you.

Ready to see what you’d pay for life insurance?

Buying life insurance with a health condition may seem intimidating, but the benefit of knowing your family’s future is secure is worth the effort. To see what you’d pay for life insurance, start by taking our quoting tool below for a test drive.

 

About the writer

Headshot of Natasha Cornelius, a life insurance writer, for Quotacy, Inc.

Greg Lewerer

Director of Creative Strategy

Greg is Quotacy’s Director of Creative Strategy. He has an eclectic past from working on movie scripts to creating ad campaigns for major brands. His love of creative solutions drove him to strategy, and he now uses his powers to help families protect their loved ones. Outside of work, Greg spends his time off the grid hunting, fishing, camping, biking, hiking, and walking his dogs.