Find a policy to match your situation, no medical exam required.
If you’ve got a pre-existing condition, you may feel backed into an expensive corner when it comes to life insurance. But there are trusted companies that offer guaranteed policies. However, avoiding a health screening usually keeps you from getting the best rate.
Must read: How we picked the best life insurance providers for pre-existing conditions
Finder used the following decision making criteria to analyze each life insurance provider: flexibility of underwriting, requirement of medical exams, industry reputation, and fairness of cost and ease of process.
To arrive at our recommendations for industry reputation our editorial team reviewed financial strength, ratings and accreditations, and customer reviews.
Product selection, policy customization, and underwriting standards were determined through an in-depth analysis of the offerings and guidelines made available on each provider’s company website.
The Finder writing and editorial staff is committed to objectivity, empowering our readers to make a decision free from bias.
Best life insurers for pre-existing conditions
Best overall fairness: Ethos
Best guaranteed acceptance: AIG
Best flexible policy: Colonial Penn
Best quick and easy: AAA Life Insurance Company
How to compare life insurance providers
Finding a policy that works for your situation requires identifying your personal must-haves in advance so you can advocate for yourself while shopping around. Ask yourself:
- Is the policy age restricted? Many people with pre-existing conditions are older than 50. Some life insurance companies offer guaranteed whole term plans targeted specifically toward that age group.
- How long will the policy last? Most guaranteed insurance is whole, which means the policy will last until the end of your life. Term life insurance, on the other hand, lasts for a set amount of time. If you’re younger than 65, there’s a good chance you could be insured with a term policy.
- Is there a medical exam? If you’ve got a pre-existing condition, medical exams can seem lengthy and intimidating. But keep in mind that no-medical-exam insurance tends to be more expensive than insurance with a medical exam.
- Will they ask medical questions? Some plans require that you answer health questions, even if there’s no medical exam required. This is often the case with simplified insurance and insurance for people younger than 50. Typical questions can involve smoking tendencies, weight and general inquiries about your level of health.
- What are the minimum and maximum coverage rates? Generally, the older you get, the more expensive coverage with high benefits costs. Companies evaluate how much you’re likely to pay in premiums before they have to pay out, so tread carefully if you’re hoping to find guaranteed insurance for over $25,000 — it’s rare.
More providers that cover pre-existing conditions
If you have health issues, a policy with guaranteed acceptance or limited health screening may be your best option. But keep in mind that these policies tend to be more expensive than regular life insurance, with caveats depending on your situation.
Before getting coverage, understand exactly how pre-existing life insurance works.