Life Insurance Huntsville Alabama AL
Reader’s Question:
Hi I’m from Huntsville Alabama and I’m planning to buy a term life insurance soon. To appease my curiosity, I would like to know, is term life insurance for sick people?
Dave
Huntsville, AL
Hi Dave
Some insurance companies do not qualify people for term life insurance for the following conditions:
If the person is of age 50 above, health problems and somebody who is a chronic smoker.
The conditions that I have told you are considered as insurance risks for many term life insurance companies as this means that the insured may be at risk of dying anytime within the term. This will obviously be not a good sign for the insurance company. They will definitely be obliged to pay the insurance accordingly and in the soonest time possible. If ever, there are companies who think that it’s ok to insure the persons with conditions above, they would charge higher premiums.
To shed you light from your question, insurance companies usually do not qualify sick person for term life insurance. They would rather offer other insurance products that suit the person’s conditions such as life insurance for the ill or smoker’s life insurance. There will be available life insurance products that specializes different conditions of the person. Term life insurance is generally for those without any health problems or medical conditions. It will be for holders with concerns on beneficiaries’ needs in the event of sudden or unexpected death. In my assessment, based on its features, term life insurance is not suitable for sick persons.
Tags: life insurance leads, term life insurance, cheap life insurance
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