1. Do you have a Group Life Insurance option? 

Many employees/consumers have access to a Group life insurance plan that allows you to obtain life insurance no matter what your health conditions are.  If you are unhealthy you might qualify or up to $250,000 of group life.  You must also keep in mind  that access for group life insurance is most likely offered through your spouse’s employee benefit plan.

 2. Convert your group life insurance certificate to an individual certificate.

Most companies have a Group life insurance plan that allows you to convert your group policy to your own individual permanent policy.  You get make this happen without going through an underwriting process.  The Life company should be looking into your current age for the premium. 

3. Buy second to die (survivorship life insurance) to get around underwriting.

Did you know that under a survivorship life insurance policy (second to die), a husband and wife are insured together and the benefit is paid only after the death of both individuals? If your spouse or significant other is healthy then you should be able have the life carrier write the policy on them.  That is a great way to offer a solution for one healthy partner.

4. Guaranteed Life Insurance is now Possible.

Many insurance carriers now offer Guaranteed issue life policies that do not require you to take a medical exam; however, these applications may ask questions at the start and you must be highly truthful or risk having your coverage voided at a later date.  Be sure to check with your insurance consultant or broker to discuss these plans in great detail.  Most carriers only offer limited amounts of coverage.  The higher end limit for face amount is close to $150,000.