Spoiler alert: Great news, you absolutely can!
While in some cases you can expect your premium to be higher, the good news is you may still be eligible for life insurance. As long as you’re upfront with your agent and the underwriter during the application process, we’re able to quote a pretty accurate policy for a premium. Many insurance companies will approve coverage with these health conditions if they are controlled with medications and treatments.
Be prepared with the following expectations while applying for life coverage:
Longer Wait For Approval - During the underwriting period, the company may request medical records to determine your insurability. This may increase the time it takes to approve your application.
Prepare to pay higher premiums - As we mentioned, your premium will most likely be higher due to your past medical history. The premium for people will primary medical conditions usually pays more than healthier people do.
Is there a possibility of getting declined? - If the underwriter deems your health conditions too high risk after reviewing your medical records, they may decline the coverage. However, it is very rare and usually only seen when someone doesn’t disclose their medical history upfront.