Contrary to popular belief, you do not need to be in perfect health to get life insurance in Burlington or any other city in North Carolina. Life insurance is available for people who may be disabled or suffer from certain other medical conditions. While you may not be able to qualify for the most preferred rates, there are many insurance companies who are willing to write life insurance policies for those people who are not in perfect health.
There are many different types and variations of life insurance available in the marketplace. By far, the most affordable is term-life, which, if you are 25 and in perfect health, can cost you less than $50 for $500,000 of coverage. Whole-life is another option that provides protection and also builds up cash value over time. For individuals who are disabled or have other issues that make it difficult to purchase these types of life insurance products, there is guaranteed life insurance.
Guaranteed-life is available to anyone who has sufficient income to pay the monthly premium. Your premium remains stable throughout the duration of the policy and, as long as you continue to pay your premium, you can never be canceled, regardless of your health. You never have to take a physical exam or answer any health questions.
This type of life insurance is more expensive than others that require a physical exam or answers to some basic health questions. Generally, these policies provide coverage for burial expenses and some living expenses during a transitional period for the beneficiary or beneficiaries.
People are all different and being disabled does not have to mean that you will not live a long and fulfilling life. Insurance companies do insure people with medical issues. You may be considered to be disabled because an old football knee injury left you with a bad knee, but that has very little to do with the rest of your health.
As your independent agent, we would be very happy to sit down with you and go over your personal situation. We have been able to help many people, who never thought they would be able to qualify for life insurance, get a policy that offers them the protection they need.