Usually, high risk life insurance coverage is purchased for one of two reasons:
- You take part in hazardous hobbies, or you have a high risk job.
- You have a medical condition that is difficult to insure, such as, diabetes, heart disease, or cancer.
These situations make you a higher risk to insure your life from an insurance company’s point-of-view. That’s because you may have a higher risk of dying at an earlier age than the average person.
Because you may be a higher risk for coverage, your life insurance premiums will be higher for your policy than they would be if you were in good health, or didn’t take part in high risk work, or high risk activities.
Here's how to learn more about high risk life insurance coverage.