High Risk Life Insurance – How to Find the Best Rates

There are many benefits you can gain by finding a high-quality life insurance policy. But if you have a condition that causes life insurance companies to consider you a “high risk” client, finding the best life insurance policy for your family is something that can be a bit more challenging.

high risk life insurance rates

Fortunately, for most high risk individuals, there are still plenty of great life insurance policies available that cost much less than you might imagine. Though finding affordable high risk life insurance rates may require some effort, once you have found a policy that works for you, you realize your time was well spent.

Let’s take a look at how you can find the best rates for high risk life insurance:

Compare As Many Different Providers As You Possibly Can

There are several different variables that can cause life insurance providers to consider you to be a “high risk” individual. These variables include things such as current medical conditions, lifestyle choices, and numerous others.

However, while there are certainly many broad generalizations that can be made about the life insurance industry, it is important to note that no two companies are exactly the same. A high risk life insurance classification is determined by the company—rather than the law—and consequently, this means that any given condition can have varying effects on the cost of life insurance.

Before you begin applying for a life insurance policy, it is a good idea to investigate and compare as many different providers as possible. Suppose you have a condition such as bipolar disorder. Some companies will completely overlook this. Others will raise your monthly premiums.

Even within a specific company, the effect of a high risk condition can vary by policy. The only way you can know which life insurance providers can offer you the best value is by taking the time to do research.

Look for Companies That Offer the Possibility of Future Readjustments

Some high risk life insurance variables are permanent and will remain with you for your entire life. Others can be changed in the future.

Overcoming a medical condition, becoming a healthy weight, and quitting smoking are all ways you can potentially remove your classification as a “high risk” individual. Making healthy choices is something you should probably be doing anyway. But in the case of the life insurance industry, many companies will financially reward you for your efforts.

The possibility of future readjustments is something you should ask about during the application process. The best life insurance companies will clearly explain their underwriting policies and tell you how you can save money in the future.

Consider Applying for a Guaranteed Life Insurance Policy

If you have a permanently debilitating condition, there are still going to be many affordable life insurance plans available. However, if this is the case, you may want to consider applying for a guaranteed life insurance policy.

With a guaranteed life insurance policy, coverage is almost always guaranteed. With these policies, there are no medical exams or questions involved. This means that even if you have a condition that will ordinarily be considered “high risk”, you will be treated the same as everyone else who is applying.

Consider Applying for a Simplified Issue Life Insurance Policy

A simplified issue life insurance policy is another option available for those who do not want to take a medical exam. Simplified issues are a bit more involved than the guaranteed policies mentioned above, but they usually are quite accepting, even for those with high risk conditions.

With a simplified issue life insurance policy, all you need to do is answer a few basic questions about your health. The answers to these questions will usually not disqualify you for a policy, rather, they typically have just a minor influence on your monthly premiums.


High risk life insurance policies can be quite valuable and are likely much more accessible than you might otherwise imagine. By taking the time to compare different insurance providers, make an effort to lower your personal risk (when possible), and bypass the need to take a medical exam, you should be able to find a policy that can work for you.

Share This