Whether you’re a young adult, a stay-at-home parent or a retiree, you have a need for life insurance, but you may have concerns about your health conditions. Many people think certain conditions preclude them from getting life insurance. Many common and manageable conditions won’t disqualify you from being approved for a policy.

THE TRUTH ABOUT LIFE INSURANCE AND HEALTH CONDITIONS

Although it varies by insurer, many companies will extend coverage to people who experience the following:

• Health conditions a medical professional is helping you control and manage.  These conditions could include high cholesterol, hypertension, asthma, thyroid conditions, heart murmurs, diabetes, obesity and more.
• More serious conditions that you had in the past.  This can include heart attack or heart surgery, cancer, stroke and other diseases. Consideration will be given to the type and severity of the illness, the time elapsed since the diagnosis, the stability of your health, and your treatment regimen.

It’s important to remember that it typically costs more to buy life insurance if you suffer from a health condition or use tobacco It’s also worth noting that your ability of obtaining life insurance decreases if you suffer from multiple health conditions.

THREE THINGS TO KEEP IN MIND

• Never assume a health condition automatically disqualifies you from obtaining life insurance.  You can get life insurance with less than perfect health.  Always check with your agent to find out for sure.
• Be honest about your medical history. Don’t compromise a future claim by making a material misrepresentation, such as failing to mention a major surgery or serious diagnosis. As a condition of obtaining life insurance, you will likely undergo a simple medical exam which will reveal certain conditions like high blood pressure or a smoking habit.
• If you do have a condition like the two mentioned above, it’s best to apply earlier rather than later.  It could be impossible to obtain coverage if things take a turn for the worse later on.  You can always talk to your agent about more affordable options if your health improves.

Life insurance and health conditions might sound intimidating or confusing—but they don’t have to be. Your best course of action is to talk with your insurance agent. He or she will be able to give you trusted advice on which coverage options are available to you and your family. Make a quick phone call to one of our offices – Perkasie (215)257-9171 or Harleysville (215)723-9805 – and get a free needs analysis. We’ll help you decide what coverage is right for you and what will fit your needs and budget.