Reader’s Question:

Can I get no exam life insurance here in Newark, NJ since I have a pre existing medical condition?

Larry

Newark New, NJ

Hi Larry

Life insurance companies are usually diligent in dealing with people with illness who apply for life insurance. There is high risk of death for people that are sick which is not a very good news for insurance companies. Life insurance companies have the right to refuse or disqualify any applicant depending on the kind of disease. If there is a company that still offers no exam life insurance in New Jersey, you may have to pay high premiums for it.

I strongly suggest you try to shop around for quotes from insurance companies that will qualify you for life insurance. I am sure there are life insurance companies in Newark, NJ that offer products for a particular disease. I am sure there will be life insurance products that are suitable for people with pre-conditions or heart diseases. The products offered by most insurers and the corresponding premiums are designed for people with such illnesses. The internet will have a great pool for these sources. It will be easy for you to find one and it will help if you get to start online. Just be sure that you pass the insurability interest requirement from life insurance companies in New Jersey.

Another thing is for you to prove that you are solely dependent on the person’s existence. If not, as a paying person, you will not be allowed to be the policy holder of the life insurance for another person. To know more about separate policy holder and the insured just ask expert opinion from a life insurance adviser in Newark. It might be a little complicated for a life insurance coverage of a sick person.