The Effects of Pre-Exsisting Conditions and Getting Life Insurance

Life is uncertain. When it comes to providing for your loved ones, a life insurance with decent coverage can add some peace of mind to the equation. Knowing that your family will be financially taken care of if something happens to you is definitely worth it for so many people. However, getting a good life insurance isn’t as easy as getting a health insurance. Granting a health insurance for an applicant is no longer optional for an insurance company. Since the Affordable Care Act became a law, insurance companies can no longer turn down a person who is seeking health insurance.

However, life insurance is a whole different story. Life insurance companies can give a person insurance with a very high premium or even deny him insurance. This is simply based on how much of a risk the applicant seems to be. If a person is perfectly healthy with no family chronic disease history, they are eligible for a top-tier life insurance, which provides the best coverage at the best rates. If a person has a pre-existing health condition or has a family history of diseases such as diabetes or cancer, the company will either charge a much higher premium or will refuse to give this person insurance in the first place.

This is simply because life insurance companies want to protect their interests as well. A person with a serious pre-existing health condition is perceived by those companies as a higher risk. This doesn’t mean that you can’t find a good life insurance with decent coverage if you have a chronic health issue. There are companies that offer good plans if you know what to look for. You can do your own research to find out where do you stand and what to do or you can simply take a quiz such as the one offered by to find out the best available options for you if you have a pre-existing health condition.