Yes, there are life insurance companies that offer coverage for people in poor health.
These plans are usually called guaranteed issue or graded benefit life insurance policies.Some insurance carriers that may offer guaranteed life insurance plans include Colonial Penn, AARP/NewYork Life, Mutual of Omaha and Globe Life.Usually, the full life insurance coverage is not available until you have been insured by the policy for at least 2 years. If you die before 2 years have passed since you bought the life insurance, the beneficiary would receive the premiums paid plus interest.Guaranteed life insurance plans offer a low limit of coverage and require no physical exam. The premium you pay will be high since in many cases few if any other life insurance companies may offer you coverage due to your health.Guaranteed acceptance life insurance may be an option for people who have been declined for life insurance elsewhere, or have health problems, are seniors, overweight, smoke, or are uninsurable.
