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Health Issue???

 

If your parents or siblings have had heart problems, cancer, diabetes, etc.. it will negatively affect your rate especially if you end up with the wrong company.

Life Insurance companies look at your medical records and ask you brief questions about your parents and siblings medical history. The type of medical history and the age that your parent or sibling had the medical condition will determine the best rate available to you.

Every company has its own set of underwriting guidelines that we have access to and use in order to get you to the most competitive life insurance company. In general, family history of cardiovascular issues will have a more negative effect on your rate than a history of cancer.  It is also important to note that life insurance companies distinguish between death from a medical issue vs. suffering from a medical issue.

In general life insurance companies will hold your parents or siblings medical history against you if their health problems occurred prior to their turning age 60. If their problems started at age 60 or after age 60, most life insurance companies will not hold this against you.  If you are age 60 or older, some companies will disregard your family's medical history when determining your rate.  We maintain the underwriting guidelines for the companies we represent and will check against each company in order to get you the best possible rate!

We understand, but unfortunately the insurance companies rarely do.  There are many times when we work with someone who is in great health and meets all requirements for the "preferred best" rates offered.  The only problem is that a parent had a medical problem before age 60.  Most companies will not budge and make an exception for you, especially if your parent's medical history is cardiovascular related...We have had instances where we obtained exceptions when the circumstances we extraordinary, and the proposed insured had complete and thorough cardiac workups performed to offset the history.

Most companies will hold this against you for underwriting purposes even if you have never smoked in your life.  The good news is that each company will treat this differently. While some companies may only offer you their "standard" rate, there may be others willing to offer "preferred" rates.

Even if you are in perfect health, you will probably not get an exception to the best rates.  Life insurance companies are especially tough on family history of cardiovascular issues.

When we talk, we will ask you about your family's medical history as part of our underwriting process.  Whatever the history is, we will be able to match you up to the best possible rate available based on your individual circumstances.