Even with a chronic illness, your family could still be financially secure should the worst happen to you. This is because people with chronic illnesses are often accepted for life insurance. It’s crucial to compare life insurance because not all insurers see pre-existing conditions the same way. Even if you can be covered, your rates could be higher.
Life insurance policies can come with or without exclusions. For those with chronic illnesses, insurers may offer a policy with exclusions if they determine that your condition is too severe to be covered.
It is possible for insurers to provide a policy that covers any future illnesses. However, they likely wouldn’t pay out if your pre-existing condition causes your death.
People with chronic illnesses may still be eligible for policies without exclusions. This is often referred to as a “loaded premium.” This is because the monthly payments are often greater when your pre-existing condition and the risk it entails are considered.
You can find the best value life insurance for you by visiting us at mylifeinsurance.online. We work with experienced partners who consider your unique circumstances and search the market to find you the best possible cover. Life insurance can be used to cover mortgage repayments, leave a cash gift and support your family after you’re gone or fall seriously ill.
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