Top 4 Strategies For Hard To Insure Applicants

Top 4 Strategies for Hard To Insure Life Insurance Applicants FinalIf you have pre-existing medical conditions, it can be not easy to get a life insurance policy. WE created this infographic to inform you about 4 strategies to find the best insurance for pre-existing medical conditions.

Strategy 1: Preliminary inquiry

Before submitting a life insurance application to an insurer, always ask your broker to send a preliminary inquiry to the underwriting department first. This will give you a good idea of their most likely underwriting decisions and help avoid troublesome declines.

Strategy #2: Application to multiple carriers

Submitting a few life insurance applications to multiple carriers can increase your chances of being approved with a low premium rating. When multiple companies are competing for your business, the odds are in your favor for a favorable decision.

Strategy #3: Cover letter

Ask your broker to write up a cover letter to accompany your application. This is a good place to explain your unique medical history and/or high risk activities fully in depth.

Strategy #4: Choose a broker who knows the trends

Make sure your broker is aware of changing insurance underwriting trends (e.g. related to e-cigarettes). Changes are always occurring in the underwriting field so staying in-the-know is key to a successful life insurance application.

Our insurance brokers work with more than 20 insurance companies in Canada and have extensive experience of helping those who need insurance with pre-existing medical conditions. Fill out the form in order to get your tailored insurance quote or simply find out more about insurance for your particular case.

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2 comments on “Top 4 Strategies For Hard To Insure Applicants
  1. Eugene says:

    Great document! Advise to all brokers out there

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