Best life insurance providers for pre-existing conditions | finder.com
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Best life insurance for pre-existing conditions

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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

We evaluated life insurance providers based on factors that are likely to matter most to people with pre-existing conditions. Factors include flexibility of underwriting, requirement of medical exams, industry reputation, fairness of cost and ease of process.

Best life insurers for pre-existing conditions

Best overall fairness: Ethos

Ethos claims to treat clients as people, not risks, and its entire image is built around the idea of transparency. You’ll fill out a quick online application and an algorithm will use your age and gender to calculate your life expectancy. Some standout features include:

Best guaranteed acceptance: AIG

AIG offers tax-free benefits to help cover end of life costs with its Guaranteed Issue Whole Life Insurance. There’s a $25,000 payout cap and it’s only available for people between the ages of 50 and 85, which is relatively standard for this type of insurance. Among its perks:

Best flexible policy: Colonial Penn

Colonial Penn
Colonial Penn prides itself on excellent customer service and a 30-day money back guarantee if things don’t feel quite right. More strong points to expect:

Best quick and easy: AAA Life Insurance Company

AAA Life Insurance Company
Perhaps most popular for its motor club and roadside assistance, AAA offers guaranteed issue life insurance with an online application that takes only seconds, and a $60 per year savings for members’ spouses. Other highlights include:

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

Name Product Issue Ages Coverage Range Medical Exam Required
18 - 85 years old
$10,000 to $10,000,000+
Depends on provider and policy
Compare quotes from 16 life insurance companies side by side.
18 - 75 years old
$100,000 to $5,000,000
Depends on provider and policy
Apply for a simple instant-decision policy free of charge. Compare quotes from multiple A-rated carriers.
18 - 80 years old
$50,000 to $25,000,000
Depends on provider and policy
Get a quote within minutes from more than a dozen insurers.
20 - 80 years old
$25,000 to $10,000,000
No
Quickly get a quote for coverage with this marketplace, which compares term life insurance policies from 45+ carriers.

Compare up to 4 providers

Bottom line

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.

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