Q. I am 62 male and I need term insurance 200k or 100k in 10 years. I have non-Hodgkin lymphoma. Any possibility to get coverage?
A. Even with the health condition of non-Hodgkin lymphoma, there is a possibility of obtaining life insurance coverage. It is likely, however, that coverage will be considered “rated,” meaning that the premium charged will be higher than that for a comparable amount of coverage for an insured who is in good health. There are also other options out there such as no medical exam life insurance policies, though these will come with higher premium rates.
When shopping for a life insurance policy for yourself or life insurance for your elderly parent, it may be best to work with an agent or insurance company that specializes in working with high risk cases. This way, they will be more familiar with the additional paperwork and underwriting requirements that will likely be needed in this situation.