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This is Jeff Rose, Certified Financial Planner. If you're a healthy individual like myself
then getting cheap term insurance is rather easy and very, very, very affordable. If you
qualify as a high-risk individual then getting high-risk life insurance might be more difficult
and much more expensive.
What does high risk insurance really mean? If you consider yourself to live an adventurous
life style, then you may qualify as a high-risk individual. What do we classify as adventurous?
Think of the skydivers, the base jumpers, the bungee jumpers, the race car drivers,
the crocodile wrestlers. These are the type of individuals I would classify as a high-risk
individual and are therefore classified high-risk life insurance.
If you're not Crocodile Dundee or the Crocodile Hunter then there could be some other conditions
that would classify you as being a high-risk individual. A lot of these could be certain
medical conditions. Some of these medical conditions consist of bipolar disease, high
cholesterol, or if you're taking high cholesterol medication, or if you have high blood pressure.
Other conditions like this can classify as being higher risk and therefore you'd have
to get high-risk life insurance.
What's the most important thing to consider when purchasing high risk life insurance?
The most important thing is understanding your condition and also understanding which
carriers are going to cater to your condition. For example, if you go out and use any general
life insurance company, then you might not get quoted, you might not get rated, or you
may be paying way too much, more than you absolutely need to. It's important to work
with an insurance professional that knows which carrier is going to be best for your
situation. That's what I do. I try to make sure that we put you with the best carrier.
I want to understand what your situation is and your high-risk condition to make sure
we partner you with the best insurance carrier.
If you have any more questions regarding high-risk life insurance, feel free to use the contact
form on my site or you can give me a call direct. This is Jeff Rose, Certified Financial
The opinions voiced in this material are for general information only and are not intended
to provide specific advice or recommendations for any individual. To determine which investment(s)
may be appropriate for you, consult your financial advisor prior to investing.