Life insurance is an investment in ourselves and our loved ones. It is also an investment for the insurance company that insures you. If they see you as a high-risk, they may be reluctant to issue a policy.
However, in nearly every case, there is a life insurance policy out there for everyone. Keep the following in mind when shopping for a life insurance policy.
Some risk factors are temporary
If you are overweight according to your height-to-weight ratio, you can begin a diet and exercise regime to get within a healthy weight range, allowing you to pass the physical exam associated with most life insurance policies.
If you suffer from alcoholism or drug abuse, you can enter into a rehabilitation program and learn how to manage your disease.
If you can eliminate the risk, you can easily obtain coverage. A health issue that cannot be eliminated may still be controlled through medication and lifestyle changes, increasing your chances of getting life insurance.
Lower income
Having a lower income does not preclude you from getting life insurance coverage. It only prevents you from getting a policy that offers more than ten times your annual income. While this may make for a lower payout, you can likely get enough coverage to pay your final expenses and any debt.
Hazardous occupations
If you work in a high-risk field, taking part in professional association can help you secure you a reasonable life insurance policy. These policies may not be available on the open market, but rather only through the associations related to the field of employment.
You probably do qualify
It can take time to find the right provider and the premiums may be higher than your average policy, but most people can obtain life insurance. To learn more about the options available to you, contact an experienced life insurance broker.
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