Whether you’re looking for life insurance for Diabetics or a term policy for older people you’ve probably realized by now how expensive life insurance can be to obtain with this kind of health factors. So in this article I’m going to give you 3 tips to getting a high risk life insurance policy.
First off, before you consider any type of policy start by talking to a bunch of different insurance agents first. Talking to several agents allows you to comb the market and find the best deals. Most insurance agents will only work with 5 or 6 different carriers at most and some will only work with one. This is why I suggest you contact several agents to get different oppinions.
I also suggest you look at your online options as well. Companies like Accuquote can comb the market in a matter of minute and give a quote on the spot. Just fill out some basic info and answer a few questions and your ready to go.
Second, consider the type of policy you plan to get. Try to stick with a term policy if you can. The reason for this is because term will usually be the cheapest option around while permanent policies like whole life tend to be a bit more pricy.
The reason for this is because permanent policeies contain cash value accounts which drive the cost up because of investment fees that also will be included as well.
Finally, the last thing you should do is consider your current health. For example if your a diabetic make sure you stay current with you doctor visits, check you blood sugar often, and watch what you eat. Doing these things can help get you a better rating and cut down you cost.
In the end following these three simple tips can give you the life insurance coverage you need and put more cash back in your pocket.