High Risk Life Insurance: What to Know

A dangerous lifestyle may put you at higher risk of dying before your time, but this doesn't mean you can't obtain a quality life insurance policy.  High risk life insurance doesn't have to be hard to find if you know what you are looking for.  High risk life insurance is usually purchased if you take part in hazardous hobbies or you have a dangerous job.  It's also used for people with pre-existing conditions such as diabetes, heart disease or cancer.

The insurance company may view you as higher risk, but this does not automatically mean you are uninsurable.  High risk life insurance policies have come a long way and insurance companies recognize there is a market where money can be made.  Because you have a higher risk of dying at an earlier age, your premiums may be more expensive, but there are a handful of reputable insurers out there that will give you a policy.  There are even companies out there that specialize in high risk life insurance policies and these are designed to help you have quality protection.

There are different types of life insurance policies available to high risk applicants.  Quality companies can give you a quote to help give you a better understand of what kind of monthly premium you can expect.  Some insurers offer life insurance policies that do not require any medical exam.  These appeal to individuals with pre-existing conditions who struggle to find insurance.  Accidental death insurance can be a great option for those living higher risk occupations and have a hard time finding a life insurance policy to meet their needs.  Talk to your financial advisor about what your risk level may be to give you a better understanding of what to expect when shopping around.