If you have diabetes, high blood pressure, or a history of cancer, you may wonder how that will affect your ability to get a life insurance policy in Brownsburg, IN. Pre-existing health conditions don’t automatically prevent you from getting life insurance, but they will change the way underwriters assess your risk. Grove Insurance Agency can help find suitable coverage for you, even when you have multiple health problems.

How Underwriters Evaluate Health Conditions

Underwriters look closely at the medical histories of life insurance applicants to determine their risk profile.  When pre-existing conditions are present, they typically evaluate the following:

• Type and severity of illness
• Control and management
• Treatment and time since diagnosis

For example, chronic or progressive illnesses like diabetes or heart disease carry a higher risk than well-controlled asthma. Underwriters look favorably upon those who take medications as prescribed and maintain regular doctor visits. For conditions such as cancer or heart attacks, many insurers have a symptom-free waiting period of up to five years before they issue a policy.

How Your Condition Impacts Your Premiums

A pre-existing condition affects your ability to get coverage in three ways:

• Standard or rated approval
• Simplified issue policies that skip health exams but have higher rates
• Guaranteed issue policies with lower coverage limits, higher premiums, and a graded death benefit for individuals who do not qualify for the first two options.

Many individuals with common well-controlled conditions like high blood pressure often qualify for standard term or whole life insurance, although their rates may be higher. Transparency through detailed medical records will maximize your chances of getting the best possible policy.

The agents at Grove Insurance Agency, serving Brownsburg, IN, will gladly work with you to find a suitable life insurance policy. Contact our office to learn more and get started on coverage.