Nobody wants to talk about life insurance more than someone who can no longer get it. Even healthy young individuals can get diagnosed with conditions that will make them no longer insurable. Unfortunately, every day we talk to individuals in this situation and they all have one thing in common. They wish they would have taken the time to get life insurance in place before they got sick. So getting life insurance in place while you young and healthy – is the most important time in your life to purchase life insurance.
While life insurance can provide the liquidity we need to keep our families out of financial hardship, you are unlikely to qualify for the coverage that you need if you are uninsurable. So, it is important to apply before it is too late.
While there are some carriers who will take on applicants with various health conditions, the coverage amounts are limited, and the premium amount is typically quite high – often two to three times higher than a comparable fully underwritten policy.
So, qualifying for life insurance while you are still healthy can help you to ensure that your premium stays lower, and that you can get the amount of coverage that you truly need. How can you get the very best rate?
Often it pays to shop around. Just like with other types of products and services, life insurance premiums can vary from one carrier to another – even for the same coverage. We work with over 40 different carriers, so we can help you to shop and compare and find the best policy and rate for your specific needs.