The high risk life insurance market place has been an undeserved market for many years. Most insurance carriers prefer to insure low risk clients for obvious reasons. There are several life insurance carriers that are very aggressive in the final expense market place. The primary objective in obtaining life insurance is to indemnify your loved one upon death. The severity of your condition matters only to most traditional insurance carriers that do not serve the high risk life insurance market place.
If you have a terminal illness, or were recently diagnosed with a medical condition, you may also have news from your current life insurance carrier that you do not qualify to renew your current policy. If you need burial coverage, which almost everyone at a minimum needs, you need to speak with an agent that has your best interest in mind.
Often times agents will tell you “your uninsurable” or try and sell a higher priced policy then you actually need. If someone told you that your uninsurable you need to get away from that agent and work with someone that is willing to work with you to find you the coverage you need. There really is no such thing as uninsurable. There is always a carrier that is willing to write your case. Finding the right agent and right policy is like finding the proverbial “needle in a hey stack”.
The reality is most agents dont want to be bothered writing a $10,000-$25,000 policy because its not profitable for the agent. There are plenty of companies that are willing to write your case, you just need to find one, and get on the phone with that agent/agency as soon as possible. Life insurance is not a commodity, it is a necessity for all families regardless of income. The other issue we see clients having is a past criminal history. While its true most carriers will not issue a policy to someone on probation.
A true guaranteed issue life insurance product will issue a policy regardless of criminal history. The underwriting guidelines for each life insurance carrier is different. Call an experienced, high risk life insurance agent to help navigate the complexities of your case.