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Perhaps you have a history of health problems. It may be a chronic illness that plagues you. Whatever the case, having no access to term life insurance or long term disability insurance is a daunting prospect.
The idea that all of your hard-earned assets might be at the mercy of some government body or institution is enough to make anybody lose sleep. If you are looking to protect your assets regardless of any pre-existing condition you may have, what are your options?
We’re going to go over a few of those now, so get ready to put your mind at ease.
Being in a Risk Group
It’s a frustrating fact that might make you grit your teeth, but insurance companies won’t take out a policy on an individual in a risk group. Health problems are so often unexpected and random, which makes the issue sting even more.
There’s something you should do before you give up hope, though. Try to contact the insurance company. Just to make sure there was no error on their end.
They aren’t obligated to give you an explanation, but getting one will be helpful going forward.
The information might not help unless there’s something you can do to change your lifestyle. That said, it’s still good to try and arm yourself with the knowledge.
We understand that there can be a whole host of reasons that you’re having trouble finding insurance, but term life insurance is almost a necessity if you’ve got a family.
Alternative Methods To Protect Your Assets
Just because one type of insurance has given you the cold shoulder doesn’t mean they all will. Even something like trying to buy a house on disability can be made easy with the right insurer.
Part of the trick is looking for an insurer that doesn’t require a medical exam. Your options for these different insurances will be limited, but it’s better than nothing.
One potential option could be asking your employer if they can help. A business can often take out more complicated insurance policies, but you’ll end up tied to your job if you want to keep it.
Another option is to find a life insurance agent. These agents specialize in handling difficult life insurance cases. You can trust that an experienced agent will have seen similar cases before and will be able to inform your next move.
Securing Long Term Disability Insurance
If you have a family, then making sure your assets are secured will put your mind at ease. The uncertainty that comes with a lack of long term disability insurance is the last thing you need if you are already suffering from other issues.
The best you can do is to always know what your options are. Whether that’s from legal counsel or helpful sources online, it doesn’t matter. If you want to keep up with one of those two easily, consider reading more of the blog!
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