Articles by Christy Rakoczy:
Guaranteed issue life insurance policies are a type of life insurance coverage available to people who would typically be denied for an underwritten policy. While these policies are easy to qualify for, the death benefit may be relatively low and paying the premiums for coverage may not be worthwhile.
Variable life insurance is a type of permanent life insurance. You pay higher premiums than for term life insurance and some money is invested into sub-accounts similar to mutual funds. Invested funds can increase or decrease in value, and when investments grow, they gain receive favorable tax treatment.
Being a marijuana user could affect your ability to obtain life insurance and raise your costs for a policy. Different insurance companies have different policies when it comes to the impact of marijuana on life insurance coverage.
It may be possible to buy life insurance after a diagnosis of heart disease, but it depends on the severity of your condition. If you are able to get a policy, you may be charged more for coverage because insurers consider you to be at higher risk.
Lung conditions such as COPD, emphysema, cystic fibrosis, and pleural effusion can affect your eligibility for a life insurance policy. You can still get covered, but you may need to take steps to improve your health to make premiums more affordable.