Can I apply for over 50s life insurance with a pre-existing illness?

Posted by jhonpaul on October 25th, 2019

Health insurance plans have become very common among people. But what about if you have a pre-existing illness. It is common to see this situation over 50s life insurance. It is the time in the life cycle, where most of the people suffer from an illness. Is it possible to apply for the insurance policy at this stage of the point? It may or may not. You can only guarantee to get an insurance policy depending upon illness and the agency’s terms.

 It is very difficult for an insurance policy agent to accept a pre-existing illness application. These kinds of applications will lead to an immediate claim concerning the insurance amount. It can raise a difficult situation for the agency people do not forget it is an open secret that they work for profits. This insurance policy is like one-on-one profits. One mistake or one drawback can be a loss for any of the parties. 

How to get health insurance with pre-existing illness?

It is not an unknown factor. If you have a pre-existing illness, you need to go through a lengthy and different procedure. Stop wondering about the insurance policy and follow specific tips to succeed in it. 

Different companies with different terms:

It can be a tiring process to find the perfect best life insurance agency for your situation, but not impossible. You can see that terms differ from one agency to another. You need to acknowledge and get to understand all the policy terms before choosing one agency for you. You cannot get disappointed if you couldn't find a suitable one in a series of agencies.

Some agencies will check your entire medical history. Whereas the other will only consider a few years of your medical history. Hunt down for a while to get a perfect one.

Hiding:

Never hide your illness at the time of application. It may cause troubles for you later. When you claim your insurance policy, the agency will have a thorough check. If they find any pre-existing illness, they might refuse to pay a part of the bill or even cancel the entire claim.

Doctor visits:

These insurance agencies will not consider each visit to the doctor. They will consider only the health infirmities, which will leave their effect in the long run. If you visit a doctor regarding cold, fever, flu, or for any other basic illness then those scenarios will not be considered. As they are short term and general illness. Based on this your critical illness insurance won't get rejected.

A pre-existing disease: 

Yes, insurance agencies will consider such cases too. But there are specific terms you need to accept. Agency will fix a specified waiting period, and you cannot claim your insurance amount in this period. 

You can utilize the insurance amount for the medical fees, hospitalization expenses and others only after the waiting period.

Every agency will give you a specified waiting period for all the kinds of insurance policy. But you can claim it in case of any unexpected situations like an accident and all. It depends on the terms of the insurance policy. It is not that hard to get a policy when you come across Swift Life Insurance. You can get a reliable term and start planning for your future.