Buying for right life insurance plan is a really a daunting task, but with the help of internet technology it made people’s life easier when it comes to finding life insurance plan. Life insurance is an important part of life for many people because it can help them in many ways especially if they have found the right insurance coverage policy according to their needs. Although insurance is a good investment, many are still hesitant to apply and purchase for life insurance because they are concern with their health status. It is possible for one to find an insurance that can cover all sorts of health issues, but it will result to client paying a very hefty premium. It is important for you to increase your knowledge about different medical conditions that can make the premium of your life insurance at its all-time high. A low premium of people with healthy health condition or without any disease is around $70 or $80 a month, but people with medical condition will pay around $9,000 to $10,000.
A life insurance company makes use of credit and debit system in order to indicate the monthly rate of potential policyholder. If you have a health condition, then it will result to a debit on your submission of your application. This will result in a much higher premium that you need to pay every month. If you have a satisfactorily health, then it will turn out as a credit so your monthly premium will go down. If you are overweight, but your health condition is good, then your premium will be adjusted. This system of debit and credit depends on the insurance company that you will choose. There are lots of medical conditions that can reduce the lifespan of people and these diseases will increase the monthly payment of policyholders.
One of the most expensive medical conditions that one can suffer is heart disease. Any health problem that concerns the heart is considered as detrimental. Many people think that one of the deadliest diseases is cancer, but health problems concerning the heart can dramatically decrease the life expectancy of any human being. A heart attack can create a severe toll to any person’s heart and this problem is irreversible. The heart is not prepared to withstand this condition. With every heart attack the heart becomes weaker and it will reduce the life span of the sufferer.
Next to heart attack is diabetes. The rate of the premium that you need to pay for your insurance depends on the type of diabetes that you have. If you are suffering from type 1 diabetes, then it can limit your options once you try to find an insurance company that can give you coverage. This type of diabetes usually found in children. The type 2 diabetes is adult onset and it will require the patient to undergo a special kind of diet and take prescribed medicine. This type will give the patient a lower premium than someone who needs to take insulin.
The third health condition that can take a huge toll to your monthly insurance bill is cancer. This is a medical condition that can affect the premium that you need to pay depending on the type of cancer that you are suffering from. An insurance company looks whether the cancer is external or internal. Skin cancer will not affect your monthly premium. If you have been a victim of breast cancer and survive the disease, then you might find it very difficult to look for an insurance company that can give you coverage. There are insurers that give specific period of time before they allow someone who have been a survivor of breast cancer to apply for a life insurance plan. Even if you do not have any cancer, but you have a close family member who had died with cancer, you might also face high premium for your life insurance. The rate is based on the age and stage of the cancer. You are free to shop around for the best insurance policy coverage because there are insurance companies that are willing to give a good rate for cancer survivors. Patients who are diagnosed with stage 4 cancer are not insurable.
You can find companies that can give their policyholder to receive some of their death benefits while they are still alive especially if they are diagnosed with a terminal disease. For instance, if you had an insurance policy that amounts to $100,000 dollars and your doctor told you that you only have two years to love, you can get $90,000 in advance from your insurance policy. The money that you can get can be used to seek treatment in other county, to arrange your funeral expenses or to pay debts.
Obesity is a medical condition that can cause several health complications. If you are overweight or obese you are prone to respiratory problems, diabetes, cancer, hypertension and many other medical conditions. There are people who are considered as overweight, but they are still healthy. Overweight individuals can acquire a reasonable premium if they are healthy. If your medical test like blood pressure, urine, cholesterol levels are normal, then it can eliminate the obesity issue in filing for life insurance.
There are certain ailments that falls under pulmonary disease. If you are suffering from seasonal asthma, then there is nothing for you to worry about because your premium rate will not be affected. If you are suffering from asthma since your adolescent age, then you can expect that your monthly premium will increase. This is because asthma is a gateway to other serious ailments like chronic bronchitis and emphysema.
As an aspiring policy holder you want to buy a life insurance for your future and for your health. It is important that you know the condition of your health first right before you decide to buy a life insurance to avoid paying a very high premium rate every month.
