Most people know how important it is to have a life insurance policy to cover the needs of their family when they are no longer there to provide for them due to accidental death or death from illness and disease. It is prudent to take out life insurance coverage as early as possible while you are still young and healthy, as health conditions such as cancer, diabetes and heart disease will have an effect on the premiums of a life insurance policy. An insurance provider will impose a pre-existing condition clause on the life policy of the insured and will require a waiting period before benefits come into effect. A person with a pre-existing condition will pay a higher premium for life insurance than a healthy individual.
Life Insurance Advisors
You may have been frustrated in the past when trying to find insurance cover because you suffer from a pre-existing condition. Life Insurance Advisors are not insurance providers, but provide a service to source the best insurance cover from the many insurance providers in the industry, for the benefit of their clients who suffer from health problems. The service that they provide is invaluable to someone who has applied for life insurance and been declined benefits due to health problems.
Life Insurance Advisors will offer you a better option, for example, impaired risk life insurance that allows clients with health issues to take out whole life, term and universal life insurance products at the best possible rates. With impaired risk life insurance clients are matched to an insurance product from an insurance provider that offers the required cover for the particular health problem in question at the best rate. Using the services of Life Insurance Advisors reduces the stress of trying to find life insurance cover on your own while suffering from health problems.
What are the benefits of using the services of an Impaired Risk Life Insurance specialist?
Agents who represent typical insurance providers are only able to offer the insurance products sold by that particular company. These insurance providers may offer life insurance to those with health problems, however the premiums will be very high and often they decline an application when the risk ratio is too high. Individuals who suffer from poor health are already finding it hard to deal with health issues and they need help in finding life insurance cover that will satisfactorily cover their loved ones when they die. Experts who deal with impaired risk life insurance are able to assist such individuals and ease the burden.