Life Insurance Options Depending on Health
Your health insurance options depend on if you’re incredibly healthy or have major health problems. If you’re incredibly healthy and don’t rely on prescription medicines, then you’re going to get a reduced rate term. Nowadays, diabetes is considered a common health problem. So even if you are taking metformin or something similar, you are still eligible for a reduced rate term.
The Reduced rate term comes from your exceptional health rating by underwriters. If you have one or no prescription medicines and you don’t have any serious medical diagnosis, then you should be able to get what’s called a Preferred Plus or a Super Preferred Health rating.
This can drop your premium’s pricing down to a third or fourth of the usual rate. This is something that you must discuss with your agent. Make sure your agent has access to some really well-priced, competitive, fully-underwritten products.
If you have health issues such as congestive heart failure, kidney failure, liver failure or you are dependent on a wheelchair or breathing oxygen, then there are a few red flags. You can still get insured, especially if you’re between the ages of 50 and 80 you can still get a great rate. All you need is a Guaranteed Life Insurance program.
Guaranteed Life Insurance is a great form of life insurance. It is not a term policy but a whole life policy. Typically, a Guaranteed Life Insurance policy offers a smaller coverage, about $5,000 to $25,000. They are very reasonable and guaranteed programs. The only downside of this program is that you have to wait two years to get full coverage. Because if they didn’t have a waiting program, people with serious life-threatening conditions would line up to get this insurance. So they make you wait for two years. However, if something happens to you in those first two years, the insurance company will pay you the entire amount you’ve ever paid on premiums. In addition, the company pays an additional ten percent. Once you hit the two-year mark, it opens up into a full coverage policy. So, if you have a $20,000 Whole Life policy with one of these companies, it’s going to be $20,000 in coverage for the rest of your life.
Life insurance is based on your health. Find out how you qualify by Calling Today or begin a Chat now.
If you are located in the Cottonwood, Sedona, Flagstaff or Prescott area and are looking for more information on affordable Life Insurance please don’t hesitate to contact us. Use the links below or call us directly at (928) 323-0933.