Purchasing life insurance can seem a daunting task, but with technological advances and the number of insurance advisors out there, it can become quite an easy assignment. One of the elements that seem to scare some people to purchase a policy of their concerns about their health. There are companies that will cover almost every health problem, but it can result in the client to pay a monthly premium more than the person who has a better health. This article will shed light on some of the most expensive medical conditions that can spike up your monthly premiums. That said do not let this article scare you away from considering a policy, because the monthly premiums are still at record lows, and it is much easier to pay $ 70 or $ 80 a month than have to go with 9 $ 000 or $ 10 000 at a time.
The life insurance companies use a system of “credits” and “flow” to help dictate a monthly rate of potential buyers. Health conditions associated with the customer will result in a “debit” on presentation of an application, resulting in a more expensive premium. Consumers can offset their “flow” with attributes that are considered “credits” such as satisfactory health. If a client would be considered overweight, but healthy will have their premiums adjusted accordingly. The points system “credits” and “flow” will vary from company to company.
All medical conditions that can potentially reduce the duration of your life will most likely increase the monthly payments. Thus, this article will focus on the conditions that have the greatest impact on your life expectancy will result in your policy is more expensive.
The most expensive medical condition is a heart disease or problems with the heart. Many people think cancer is the top of the list, but problems with the heart they can significantly reduce life expectancy. Heart attacks serious burden on the heart of a person and statistically proved to be irreversible in most cases. The human heart is not made to withstand these conditions, so with each attack, it takes more effort to keep himself fighting to reduce the life of the victims accordingly.
Second on the list is the diabetes. As a diabetic your blood depends on what type you have diabetes. Type 1 diabetes is a condition that is developed as a child, and this condition may limit the number of companies will be eligible to obtain a policy. Type 2 is adult onset, which requires that the victim is control their condition with a specified power or by taking prescribed medication by mouth. This type of diabetes allows the consumer to find a lower monthly premium than that required to take insulin.
Then there are customers who survive cancer. This is another condition that causes the monthly premium to comply Depending on the type. Insurance companies look at him if the cancer is internal or external. Certain conditions such as skin cancer almost always have no effect on monthly payments.
Victims who have had breast cancer find it difficult to locate a company that offers an insurance plan. Some insurers require the customer to wait over a predetermined period prior to purchase a policy to determine if a regiment was called out and successful.
There are some companies that will allow a consumer to receive most of their death benefits, while it is alive, if they were subjected to a terminal illness while the policy is in place. For example, if you had a policy that has a value of $ 100 000 dollars, and a doctor told you that you have left to live for two years, you may be eligible to get out of $ 90 000 in advance. This money could be used to request an alternative treatment in another country, prepare the funeral expenses or take care of debts, etc.
Note: Any person suffering from cancer or level 4 is in a nursing home cannot be assured.
Obesity is another condition that causes many medical complications. Obesity can bring with him, diabetes, hypertension, respiratory problems, etc. Some people are considered medically obese, but are still in shape. An overweight person can get reasonable premiums if they are fit, but this decision of insurance companies. Satisfactory blood pressure, cholesterol and height are things that can balance the problems of obesity.
Conditions that fall into the category of lung diseases are expensive. People with asthma are not seasonal to worry about raising their rates when purchasing a life insurance policy. Conversely, if you have struggled with asthma since adolescence, there is a high chance that your monthly premiums will take a hit. Asthma is the gateway to other more serious conditions such as chronic bronchitis, emphysema, etc.
As a consumer, you buy life insurance with your health and money just to pay the policy. People with lots of money who want life insurance, but can not buy a policy because of health problems. Take care of yourself, and if you have all of the above just do extensive research or seek a professional who you trust.