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Life Insurance for the Uninsurable

Products specifically designed for Virginia residents with health problems or in poor health.

Some products available in most of the United States. Others available only in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, and Tennessee.

If you have been told you are uninsurable, that may not be true. So let’s start off by listing those whom we can’t help. If your physician has told you that you have less than two years to live, or if you have AIDS or HIV, or if you are on an organ transplant list, or if you have been declined for life insurance in the last 12 months (meaning you actually completed an application and the insurance company sent you a letter saying they could not insure you), we can’t help you. For just about anyone else, we have a solution. We have a couple of different policies available.

Graded Death Benefit Whole Life. Coverage available form $5000 up to $50,000. This policy is designed for clients whom other insurance companies would refer to as “impaired risks.” In other words, folks with major health problems. If you can answer no to the criteria listed in the paragraph above, this policy is available. Some sample premiums are shown below. One the policy is issued, your rate is fixed for life. If you die within the first two years, your beneficiary gets only the premium you paid, plus 7%. If you die after two years, the beneficiary gets the full death benefit listed on the policy. For $50,000 coverage, annual premiums would be as follows (monthly options available):


Age Male Female
Age 35 $660 $563
Age 45 $1069 $905
Age 55 $1839 $1504
Age 65 $3407 $2593
Age 70 $4855 $3566

Examples of the type of client for whom this policy might be appropriate include heart attack survivors, cancer patients, diabetics (type 1 or 2), stroke survivors, those with mental or nervous disorders, transplant recipients, or anyone else with major health issues.

Simplified Issue Whole Life. Coverage available from $5000 to $90,000 (depending upon age). This policy is designed for clients with health problems, but who generally still have good chance of a living a long time. Some applicants may not be accepted, but they accept many clients whom other companies would surcharge or turn away. The full death benefit is available as soon as the policy is approved, and approval generally takes just a few days. Rates are comparable to, or maybe even a little higher than the Graded Death Benefit Whole Life policy described above, but the full death benefit is available as soon as the policy is approved. Examples of the type of client for whom this policy might be appropriate include Adult onset diabetics, clients with height to weight ratio problems, asthma, mild depression, ulcers, and clients with blood pressure or cholesterol problems that are controlled with medication.

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