Reader’s Question:

I want to buy life insurance here in Denver but I’m not sure if I fit. They say that life insurance have limits in terms of health. Is this true? What are the cases when I won’t be qualified for life insurance?

Henry

Denver, CO

Good question, Henry.

Health is indeed one important factor in life insurance. Yes, they may be limits in accepting and rejecting application but it doesn’t mean that a person who is unhealthy will never get life insurance. In today’s competition and advancement in products, life insurance companies have developed products that meet specific needs of individuals. Meaning, there are already life insurance for the healthy and the unhealthy.

Generally, though, life insurance companies are stringent with individuals who smoke, have heart condition or diseases, involved in risky sports, are overweight and are involved in risky occupation. But as I’ve said, there are life insurance companies who offer products that cater to a particular condition. For instance, although a smoker may not be acceptable for a regular term life insurance, the person can still own smoker life insurance. This type of life insurance policy is specifically designed for smokers.

So if you have health problems and want to buy life insurance, look for a company that offers a life insurance product for your specific condition. You can start by talking to an independent agent who has access to several life insurance companies in Denver. He may assist you to the right provider taking your case in consideration.