High Risk Life Insurance

Reasons to Buy High Risk Life Insurance

High Risk Life Insurance is generally purchased for two reasons:

1. You participate in hazardous activities or avocations (i.e. scuba diving, rock climbing, vehicle racing, flying as a pilot, etc.).
2. You have a health condition that is hard to insure (cancer, diabetes, heart disease, etc.).

Circumstances of High Risk Life Insurance

Both of these circumstances mean that you are a higher risk for a life insurance company to insure. Because you are a higher risk, your term high risk life insurance will cost more.

Just because you have sleep apnea, diabetes, a coronary artery stent, or other serious illnesses, doesn’t mean you should get turned down or be charged significantly higher premiums for whole, universal, or term life insurance.

Most insurers use mortality tables based on 30-year-old data (mortality tables are used to determine rates). Luckily, a handful of others employ “clinical medical underwriting”—an underwriting philosophy which takes into consideration the latest medical advances and lifestyle choices that allow people with health problems to live long lives with High Risk Life Insurance.