Asked by Carla  |  Submitted November 19, 2015

I want to buy life insurance but have a pre-existing condition that will hopefully be cleared up in about a year. Is there a type that I can get that won't cost a lot?

Or should I roll the dice and wait?

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  Answers  |  1

November 20, 2015

In our experience different carriers evaluate different conditions differently. My best suggestion, based on your inquiry, is to talk to an insurance broker. They will need to know about the condition, of course, but they can see how different carriers would evaluate it.

As far as affordability, that means different things to different people and is very subjective. Your income and your budget are what determines affordability. There are many other questions as well, what are you insuring against? Do you have people dependent on you or your income? Do you have debts that need to be covered? These will determine the amount of insurance you should have and subsequently the cost.

So my suggestion is to sit down with a broker and get some cost so you can make an informed choice.

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