Will I Qualify For Life Insurance?

  1. 0 POINTS
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    David RacichPRO
    Fountain Hills, Arizona
    You can always secure guaranteed issue life insurance. You might be able to secure simplified issue, if you have some outstanding medical conditions. But to obtain the best rate possible you’ll need to go through full underwriting that requires your doctor’s attending physician’s statements, prescriptions medications, motor vehicle report and a declaration of any recreational or vocational hazards. You’ll have to undergo a paramed exam with an EKG test, blood and urine analysis. You can also submit an informal application to receive an idea of where you stand and which option you should investigate.
     
    Answered on July 2, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The best way to know if you will qualify for life insurance is to visit with an agent who carries lots of choices of policies, and who understands the health and age requirements for each. Guaranteed life insurance is not always available at every age. And sometimes the best price is obtained with no medical underwriting at all. So the only way to know if you qualify, and to get your best price, is to call and discuss your options with someone who has lots of experience finding coverage for people with all types of health.
    Answered on July 2, 2013
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  3. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! Almost everyone can qualify for some type of life insurance policy, unless you are a very senior citizen. Most companies will be unwilling to write a policy if you are over the age of 85, and some as low as 80. There are a few that will write you above 85, but they are typically far too expensive to afford, especially if you have health issues. There are companies that will write policies that will give coverage no matter what your health condition is, and your best bet is really to find an experienced agent who will help you find the best policy for you. If you would like to discuss this privately, please feel free to contact me, I'll happily make time for you. Thank you for asking!
    Answered on May 15, 2014
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  4. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    It depends on many factors as to whether you may qualify for life insurance. The most common things that an underwriter will look at when you apply for life insurance is age, sex, current health, health history, residence, occupation, net worth, income and life style. There are typically 14 rating classes of insurance to determine premium from Best Preferred to Table 10. If you exceed table 10, you will probably be declined. There are life insurance carriers that offer low face amounts at guaranteed acceptance. just be sure to fully understand these types of policies, which pay a graduated amount over time. I recommend using an experienced independent life insurance broker that can shop the market and find out health risk before you ever apply for coverage. This can save you from receiving a MIB hit. Medical Information Bureau is checked by all personal insurance companies you apply to and once the mark is registered, it can follow you the rest of your life, so just be careful.
    Answered on September 22, 2015
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