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High Risk Life Insurance

high risk life insuranceLife insurance is one of the best purchases that you could ever make for your loved ones. If something tragic were to happen to you, your family would be left with a massive amount of debt and other final expenses. A life insurance plan will ensure that they have the money they need to get through the difficult time.
Many consumers with health or lifestyle issues have a hard time finding affordable high risk life insurance rates.  That's because high risk policies are a specialty area in our industry and to get the most affordable life insurance rates, you need to work with a high risk life insurance expert.
You see, every life insurance company looks at your health differently and it's up to your agent to find the company that looks most favorably at YOU.
If you've been declined or rated for life insurance or told you can only get guaranteed issue life insurance, you probably just used the wrong life insurance company or the wrong agent. Life insurance is one of the most important investments, if you’ve been declined in the past, don’t let that stop you from getting the insurance protection that your family will need. Even if you’re in poor health or have several pre-existing conditions, there are several options that will work for you, and we can help connect you with all of the choices.
This process isn't as easy as quoting you a rate over the phone - it takes some work on our end to contact underwriters and "pitch" your case.  If you were declined life insurance and your agent didn't go through this process with you - then please give us the opportunity to earn your business.

What Is High Risk Life Insurance?

High risk life insurance can fall within many categories.  Maybe you work at a higher risk job, like a person who works on power lines or you're a bomb diffuser (yes, we've insured a bomb diffuser before).  You may participate in high risk activities like bungee jumping, skydiving, or free solo rock climbing.  Most people have some sort of health condition though.  If you have diabetes, are obese, are a smoker, have high cholesterol or blood pressure, or even bipolar disorder you are considered a high risk by the insurance company.
There are dozens and dozens of insurance companies that specialize in working with high-risk applicants, and those companies are going to give you better rates for your insurance coverage. There are thousands and thousands of companies on the market, which means that you could spend weeks trying to find the best company to meet your needs. Choosing the right company could be the difference in getting an affordable policy or buying a plan that breaks your bank every month. Because it’s a difficult search, the majority of applicants don’t choose the right company.
This means you are going to pay more in life insurance premiums than someone without the risks that you have.  So it's important to use an independent life insurance agency that has access to all the top rated life insurance companies, so that you are getting information from the best high risk life insurance companies.  You can get much better rates by finding the right company or you may find that the rates doen't make sense from these companies and you should go with no medical exam life insurance.  Access to companies is just one piece of the puzzle though.

How Do We Obtain The Lowest High Risk Life Insurance Rates?

Simple. We put in more time and effort than anyone in our industry and it shows in our results.  We specialize in helping those who've been declined in the past find affordable coverage.  How do we do this?

  • We dig deep into your health history.  We've seen every risk come through our office and know what information underwriters need to know.  Gathering this information is key in finding the lowest life insurance rates.
  • If needed, we send anonymous "informal applications" with your specific risk profile to all of our companies and choose the company that will give you the best life insurance rates.  Does this take a lot of time and effort?  Yes.  Will we do this for you at no cost?  Absolutely.  That's only IF you have all the information we need.
  • We help prepare you for the life insurance medical exam.  If you're a few pounds from a better health class, we'll let you know.  If you have high cholesterol, we'll advise you not to eat any fatty foods 24 hours prior.  If you have high blood pressure issues, we'll recommend scheduling a medical exam first thing in the morning.
  • We write a cover letter "pitching" your risk to the underwriter.  This is BIG.  A good cover letter highlights positive lifestyle habits and control/compliance to your health issues.  We do this so WE can paint the picture of you to the underwriter instead of them viewing you as an application, medical exam lab results and medical records.  This is our secret weapon for high risk life insurance cases.

Getting Affordable Life Insurance as a High-Risk Applicant

As a high-risk applicant, you should expect to pay higher premiums compared to someone who isn’t high-risk, but that’s doesn’t mean that you have to pay for a plan that’s going to break your bank every month. There are several ways that you can trim down your insurance premiums and save money every month.
The first thing that you should do is kick your bad habits like smoking or excessive drinking. If you’re a smoker, then you’re at a much greater risk to be diagnosed with severe health complications, which means that you’re a greater risk to the insurance company. Because you’re already a high-risk applicant, smoker is going to cause your rates to go through the roof. Smokers are going to pay at least twice as much for life insurance versus what a non-smoker is going to pay for the same sized plan. If you want to save money on your insurance plan, kick your smokes to the curb once and for all.
The next thing that you should do is improve your overall health. Before the insurance company approves your application, you’re going to have to take a medical exam. The results of the exam are going to play an important role in how much you pay for your insurance every month. Improving your health can save you thousands of dollars on your life insurance coverage. The best way to do that is by starting an exercise routine and sticking to a healthy diet. Both of these can help you lose weight, lower your blood pressure, and reduce your risks of being diagnosed with severe health complications. If you’re overweight, you’ll pay around 50% more every month compared to what you would pay if you were in a healthy weight range. Lacing up those running shoes can keep more money in your pockets.

Bottom Line

Unlike other agents, Termlife360.com represents YOU and not a life insurance company, like Mutual of Omaha or AIG.  Leverage our knowledge and experience of working high risk life insurance cases to benefit your life insurance purchase.  With our agency, we don't ask for any payment information until you're approved at rates you're comfortable with.  So what have you got to lose?
We are a group of independent insurance brokers, which means that we work with dozens of highly rated companies across the nation. Unlike a traditional insurance agent, we can give you more than just one quote. Every insurance company is different, which means that you’ll get drastically differing rates depending on which company you get the quote from. If you want to ensure that you’re getting the lowest rates for your plan, it’s vital that you get dozens of quotes first. Instead of wasting hours and hours calling those companies, let our agents do all of the hard work for you.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance, then your loved ones would be responsible for all of your debts and other final bills. Losing someone that you love is never going to be an easy experience, but being responsible for thousands of dollars of debt is going to make the situation a thousand times worse.
We look forward to the opportunity of earning your trust before we earn your business.

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