Life insurance for pre-existing conditions
With a pre-existing condition you can still get life insurance. But life insurance for pre-existing conditions is complex. Here's what you need to know.Compare quotes today
DiabetesLife insurance companies will consider a number of factors for customers with diabetes. People with diabetes have the best chances of qualifying for life insurance when they’re a healthy weight, not dependent on insulin, and not suffering any kidney damage. Your age can come into play as well; people with diabetes who are older but in otherwise good health have shown they can manage their disease and will have an easier time being approved.
High blood pressureBecause high blood pressure has been linked to more serious events, like heart attack and stroke, it makes the list. If you have high blood pressure, the best thing you can do to improve your chances of getting life insurance is control your weight and try to keep your blood pressure down. Different insurance companies also have different standards of acceptable for blood pressure, so making an informal inquiry before applying for life insurance might give you a better idea of which companies are more likely to accept you. If you keep your blood pressure down for 12 months prior to a medical exam—just like if you quit smoking for 12 months before a medical exam—your premiums can be lowered.
CancerWhile great advances have been made in identifying and treating different types of cancers, life insurance companies still see a great risk in offering insurance to survivors. You’re most likely to be able to get coverage if you’ve had a highly treatable form of the disease, and have been in complete remission for at least two years, (but the longer, the better).
StrokeIf you’ve survived a stroke, insurance companies will ask about any permanent damage, what medications you take, and when you had the stroke. If it’s been over two years and you’ve recovered well, you may be able to get life insurance. You’ll have better chances of being approved if you have good blood pressure and cholesterol levels, and if you don’t smoke.
HIV/AIDSFew insurers sell simplified issue life insurance to people with HIV/AIDS, though this is changing as society gets over the stigma the condition has had in the past. Those life insurance companies that do insure peope with HIV/AIDS look for people who have lived at least 3–5 years beyond diagnosis, are able to live a normal life, and are continuing to effectively control the virus with medication.
Ratehub.ca is not affiliated or otherwise associated with Hub International Canada.
Regardless of how healthy you are, buying life insurance requires a lot of comparison between products. Get a quote today and let us help you find the policies available to you.