Buying Life Insurance Online

Reader’s Question:

Will I be able to buy a life insurance policy online when I’m not in good health condition?

Lauren

Tulsa, OK

When you want to invest in life insurance, being in good health condition can help you acquire a lower premium than being otherwise. This is because a person with bad health condition is likely to pose a risk factor of dying sooner. Examples of these conditions are heart diseases and high blood pressure or cholesterol level. When a person is considered as smoker, the life insurance company may see him/her as having a high-risked factor because of smoke-related diseases.

If the medical examination shows that you have a bad health condition, the life insurance company may still offer a standard premium but relatively higher than originally quoted before the medical examination. The life insurance company will send a letter that explains why you are placed in a certain category, which apparently affects your life insurance premium. If you are not happy with the category you were placed in and like to lower your premiums, you can check the result with your doctor. Depending on your health condition result, the doctor may give instructions that can help you better your condition. Ensure that you follow your doctor’s instruction and monitor the progress. After a few months, you can go back to your life insurance company to let them know that you are trying to improve your health condition so that the company may then offer a lower life insurance premium.