Trying to find life insurance if you have a pre-existing medical condition may be a difficult process.  Some people may become discouraged or believe that because they have a pre-existing medical condition that they may not be able to get life insurance.  Although pre-existing medical conditions typically make it more difficult to get life insurance, it doesn’t necessarily make it impossible.

Life insurance rates are generally based upon the type of insurance you get, your age and gender, your health and other factors.  Pre-existing medical conditions such as heart disease, HIV, cancer and asthma to name a few may be considered high risk by some insurance companies and this may make it difficult to obtain a life insurance policy.

If you have a pre-existing medical condition and are looking for a life insurance policy, there are several life insurance options that may be available to you.  One way may be to have a life insurance policy through your job.  Depending upon your employer and the type of insurance they offer, this type of policy may only pay out for funeral costs; however, this is better than having nothing at all.  Another type of life insurance is guaranteed life insurance.  This type of life insurance typically insures a person no matter their health condition and they usually do not ask for a medical exam.  Because the condition of your health is unknown you will typically pay a higher premium than other types of life insurance.  There is also a mortgage life insurance policy that may be helpful if you own a home as it will typically pay at least some of your mortgage, if not all of it (depending upon the debt owed) when you pass.