Who Qualifies for Whole Life Insurance


Who Qualifies for Whole Life Insurance

Since life insurance companies make money by carefully calculating your risk of death, it’s no surprise that healthier and younger people tend to have an easier time qualifying for life insurance and pay less for their policies. Those with chronic or serious health conditions, or who frequently engage in hazardous activities — whether as a hobby like skydiving, or as an occupation like a construction worker — may find it harder to qualify for life insurance. However, some companies offer life insurance tailored to those groups, including options like a no medical exam policy. In these cases, though, be prepared for higher whole life insurance rates.

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