Many individuals with pre-existing health conditions simply don’t apply for life insurance because they think that they won’t qualify. This thought couldn’t be further from the truth. Many individuals with pre-existing health conditions can easily qualify for term and permanent life insurance products. Knowing which carrier to apply for coverage with is the trick.
Every life insurance carrier has its own set of underwriting guidelines to which they adhere to, and they can vary greatly from carrier to carrier. What would be a flat out denial of coverage with company “A” can result in an offer for coverage with company “B”. For example, most people think that an individual that is HIV+ cannot get life insurance at all. Most people would be surprised to hear that there are carriers that will issue both term and permanent coverage for HIV+ individuals. This is just one example of the many misconceptions about life insurance and pre-existing conditions.