Can I Get Life Insurance If I Have a Preexisting Condition?

Shawn Plummer

CEO, The Annuity Expert


Yes, having a preexisting condition doesn’t automatically disqualify you from obtaining life insurance. The key factors that insurance companies consider include the nature of your condition, the date of diagnosis, your last treatment date, current medications, and the severity of your condition.

Factors Affecting Life Insurance Eligibility with Preexisting Conditions

  1. Nature of the Condition: Some conditions are viewed more favorably than others. For example, well-managed diabetes may be less of a concern than a recent cancer diagnosis.
  2. Date of Diagnosis: Conditions diagnosed long ago with no recent flare-ups may be less of a concern.
  3. Last Treatment Date: Recent treatments might indicate an ongoing issue, affecting your eligibility or premiums.
  4. Medications: The type and number of medications can indicate the severity of your condition.
  5. Severity of the Condition: Chronic or severe conditions may lead to higher premiums or limited coverage options.

Life Insurance Options with Preexisting Conditions

  • Standard Life Insurance: You might still qualify for standard policies but with higher premiums.
  • Simplified Issue Life Insurance: Requires no medical exam, but you’ll have to answer health questions.
  • Guaranteed Issue Life Insurance: No medical questions or exams, but usually more expensive with lower coverage amounts.

Unique Table: Insurance Options Based on Condition Severity

Condition SeverityPolicy TypePremium CostCoverage Amount
MildStandard Life InsuranceModerateHigh
ModerateSimplified IssueHighModerate to High
SevereGuaranteed IssueVery HighLow


Securing life insurance with a preexisting condition is possible, but your options and premiums will vary based on the specifics of your health situation. It’s crucial to assess your condition and explore the insurance options that best suit your circumstances. A well-informed choice can provide you with the necessary coverage while managing costs.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, 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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