How to Get Disability Insurance with Pre-Existing Conditions

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

How to Get Disability Insurance with Pre-Existing Conditions

Securing disability insurance with a pre-existing condition can be challenging, but it is possible with the right approach. This guide will help you navigate the process and improve your chances of obtaining coverage.

Understanding Pre-Existing Conditions

Pre-existing conditions are health issues that existed before applying for disability insurance. Common examples include:

Insurers often view these conditions as higher risk, which can impact your policy terms.

Disability Insurance With Pre Existing Condition

Policy Terms and Conditions

Higher Premiums

Expect to pay higher premiums due to the increased risk associated with your condition. Insurers may also impose stricter underwriting guidelines.

Exclusion Periods

Policies might include exclusion periods during which benefits are not payable for disabilities related to your pre-existing condition.

Limited Coverage

Coverage may be limited, particularly for conditions directly related to your pre-existing health issues. It’s essential to review these limitations carefully.

Waiting Periods

A waiting period is the time between the onset of a disability and the beginning of benefits. Policies may have extended waiting periods for pre-existing conditions.

Steps to Obtain Coverage

Full Disclosure

Be transparent about your medical history. Failure to disclose information can lead to policy cancellation or denied claims.

Shop Around

Different insurers have varying criteria for underwriting. Compare multiple policies to find one that offers favorable terms.

Consult Specialists

Work with insurance specialists who understand the nuances of disability insurance for individuals with pre-existing conditions. They can guide you to the best options.

Understand Policy Terms

Thoroughly read and understand the terms and conditions of any policy you consider. Pay attention to exclusions, coverage limits, and waiting periods.

Disability Insurance With A Pre-Existing Condition

How We Can Help

At The Annuity Expert, we understand the challenges you face when trying to secure disability insurance with a pre-existing condition. For over 15 years, we have been committed to helping individuals like you find the best solutions at the lowest costs.

Our Expertise

We are an insurance agency, annuity brokers, and retirement planners. Our extensive experience equips us to provide you with comprehensive and tailored advice. We believe in transparency, honesty, and finding the best possible solutions for our clients.

The Core Problem We Solve

The main problem we address is the difficulty of obtaining affordable and adequate disability insurance coverage when you have a pre-existing condition. We know that higher premiums, exclusion periods, limited coverage, and waiting periods can be overwhelming. These challenges can cause anxiety and uncertainty about your financial future.

What We Recommend

Step 1: Initial Consultation

Contact us for a free initial consultation. During this step, we will discuss your medical history, current needs, and insurance goals. The main benefit is receiving personalized advice tailored to your unique situation.

Step 2: Policy Comparison

We will compare multiple policies from different insurers to find the most favorable terms for you. This step involves analyzing various coverage options and premiums to ensure you get the best value. The main benefit is having access to a curated selection of policies that meet your needs.

Step 3: Finalizing Your Policy

Once we identify the best policy, we will assist you in completing the application and ensuring all necessary disclosures are made. The main benefit is securing a policy that provides peace of mind and financial security.

Features and Benefits

  • Personalized Service: Tailored advice that fits your specific needs.
  • Expert Guidance: Access to specialists with extensive industry knowledge.
  • Policy Comparison: Ensures you get the best terms and coverage.
  • Transparency: Clear understanding of policy terms and conditions.

Overcoming Common Objections

Some might worry about the cost or think they won’t find suitable coverage. We counter these concerns by offering personalized advice and a range of options tailored to your budget and needs.

Neglecting to work with us means potentially facing higher costs and inadequate coverage. By partnering with us, you gain access to expert advice, better policy terms, and peace of mind.

You will feel confident and secure knowing your comprehensive policy meets your needs. This security allows you to focus on your health and well-being without the added stress of financial uncertainty.

Contact us for free advice or a quote. Let The Annuity Expert help you secure the disability insurance coverage you need.

Free Assistance for Disability Insurance with Pre-Existing Conditions

Get help or a quote from a licensed financial professional. This service is free of charge.

Contact Us

Frequently Asked Questions

Can disability insurance policies contain pre-existing conditions?

Yes, disability insurance policies can contain pre-existing condition clauses. These clauses might limit or exclude coverage for conditions present before obtaining the policy, potentially affecting benefits or premium rates. It’s crucial to read and understand policy terms before purchasing.

How do pre-existing conditions affect disability insurance premiums?

Pre-existing conditions can lead to higher disability insurance premiums or exclusions because they present a heightened risk of future claims. Insurers might charge more, limit coverage, or exclude the specific condition from coverage to mitigate their risk exposure.

Can I be denied disability insurance due to a pre-existing condition?

Yes, you can be denied disability insurance due to a pre-existing condition. Insurers may see it as a heightened risk for potential claims. Depending on the nature and severity of the condition, insurers might deny coverage, exclude the condition, or offer coverage at a higher premium.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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