Pre-Existing Condition Life Insurance

Life insurance if you have existing medical or health problems

‘Pre-ex condition’ refers to any pre-existing medical condition you have when you enrol in any life insurance policy. Many pre-ex condition life insurance policies are issued by employers and that can have ramifications if a claim is made. Federal law says that an insurer has the right to look back at your medical history to determine whether you had a pre-ex medical condition at any time up to six months before you enrolled in the scheme. If you have a prior medical condition, this may have some bearing on your ability to claim.

If you have an individual pre-ex condition life insurance policy, federal law does not apply, giving the insurer the right to look back even further into your medical history. If there is evidence of a pre-existing medical condition in this period, insurers can refuse all claims that pertain to the condition within a specified time. This is known as ‘pre-existing medical exclusion’.

“The rules governing pre-ex conditions and exclusions vary from state to state. It is advisable to seek the expertise of finance and insurance specialists to ensure that your pre-ex condition does not prevent you from getting the best cover possible. QuoteRack.com can put you in touch with the right people to guide you through the process of selecting the right policy for you.”

QuoteRack.com can put you in touch with professional and dedicated finance and insurance specialists whose understanding of the market and differing legislations will ensure that you can give yourself or your employees the best possible pre-existing medical condition life insurance protection.