Pre-Existing Health Conditions and How They Affect Your Rates
The life insurance companies pay very close attention to your current health history. Having any pre-existing health conditions can have an impact on your life insurance rates. When a person applies for life insurance, this is the most important factor taken into consideration. Health conditions are not the only factor the insurers look at but they are most common and usually the most important. Other deciding factors could also be dangerous occupations, sports, or even hobbies you are involved in.
Medical conditions should be pre-screened to eliminate surprises later during the underwriting process. Taking a little extra time and precautions upfront will produce much better results after you sit down and apply. The better your health is, the lower rates you will be able to qualify for. Needless to say, not everybody has perfect health so that is what you need a good agent for. We shop the entire market for our clients with or without medical issues so they get the best rates possible.
Inform Your Agent of Any Health Conditions You May Have!
This will enable your agent to provide you with an instant and accurate premium quote. This also eliminates any negative surprises once you do decide to apply and your application is under underwriting. Depending on what health conditions exist, your agent can choose a carrier that will offer you the lowest rates.
When the application process begins, the chosen insurance companies underwriter will thoroughly review your application. They will check for any medical issues that may exist. They will also take into consideration your parent’s basic health history. A history of critical conditions such as cancer or heart disease could be passed on to you through your family genes. This is very important if one or both parents pass away at a young age.
You can Still Receive Good Rates Even With Health Conditions
Normally they will also ask for medical records from your family doctor for a more in-depth look at your current health. Insurance companies will even run a motor vehicle report to get an idea of your driving habits. They will be looking for violations such as driving while intoxicated or reckless driving. This activity could increase your chances of having a fatal driving accident. Dangerous sports, hazardous occupations, and also using tobacco products are also taken into consideration. All these questions asked by life insurance companies are standard procedures today.
Getting the Most Accurate Life Insurance Quotes
The pre-screen as we mentioned above is a free service performed by myself and is very simple and quick. We normally contact several carriers and communicate directly with the underwriters. This is so we can find out what carrier would offer you the lowest rates. Keep in mind that names are never given to the life insurance companies on a medical prescreen request.
Purchasing life insurance can seem to be very confusing but in reality, it is a very simple process. That is why they invented independent life insurance agents to help you every inch of the way. Our job is to simplify the process for you and eliminate any guesswork when applying. When the application process is complete you should have the best policy for your needs with the best life insurance rates. Use our website quoting tool and compare over 40 of the most trusted life insurance companies.
Applying for Life Insurance
Just like anything else, there is a right way and a wrong way to do a job. Applying for life insurance is no different. Working with a professional independent insurance agent that specializes in life insurance is a must. The insurance market has to be thoroughly shopped and any negative data such as health issues, dangerous occupations, or hazardous sports have to be pre-screened before an application is submitted.
If everything is done properly and by the book, you will be on your way to receiving the best policy for your needs with the lowest rates that will perfectly fit your budget. There is some work involved but that is what you have an agent for.