Having a life insurance policy is as vital in someone’s life as having car insurance, homeowner’s insurance and rental insurance. Although, many people seem to put life insurance low on their priority of things to purchase. Life insurance, when purchased at a young age, can be a valuable asset when the person reaches adulthood. The funds accumulated in a life insurance policy can pay for many things that the insured would not necessarily have the funds to buy.
A life insurance policy can give the insured the funds they need to borrow to get a good start on their college education. A life insurance policy can give the insured enough money to use for a down payment on their first home. A life insurance policy after several years will build up enough equity to use for emergency purposes. Lastly, a life insurance policy will supply the necessary funds to the beneficiary if the insured should die.
You know how important a life insurance policy can be, and you have tried to get a policy but every time you apply you are turned down because of some medical diagnosis in your medical record. Life insurance companies will review an applicant’s medical record, and if they have certain diagnosis such as, diabetes, hypothyroidism or asthma that are life-long illnesses or diseases that will continually worsen through the years such as COPD or congestive heart failure, the applicant will be turned down.
Do not despair, as there are hundreds of speciality life insurance companies who will underwrite the exact policy you need at a price you can afford. If you have been turned down for this valuable insurance contact us today, we can help you get covered.
