My disability left me uninsurable for medically underwritten life insurance. Are there other options?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Mar 10, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
If your disability makes you uninsurable under an individually underwritten life insurance policy, then the first option you should explore is group insurance. Group insurance is not individually underwritten and is often extremely affordable because premiums are usually subsidized and pooled with many other policyholders. Group life insurance may be available to you through employer and business groups or fraternities.
A guaranteed issue life insurance policy may be a good choice for you if you do not have access to group life insurance coverage. Insurers know guaranteed issue policies are favored by those who may not be able to get regular life insurance so insurers can charge much higher premiums. In addition, your death benefit may only be payable if your death occurs after you’ve held the policy for 24 months.