Description Term life is ideal for temporary financial protection, such as covering a mortgage or supporting dependents. Whole life is better for those seeking long-term security and investment benefits.text goes here

Yes, you can still get life insurance with pre-existing conditions, but your options may be limited, and rates could be higher. Some policies don’t require a medical exam but may have lower coverage. It’s best to compare plans and speak with an agent to find the right fit.

The amount of life insurance coverage you need depends on factors like your income, debts, future expenses, and financial goals. A common rule of thumb is 10–15 times your annual income, but a more precise approach considers:

you typically have options:

• Policy Adjustments: Many insurers allow you to modify coverage, switch beneficiaries, or convert term policies to whole life.

• Cancellation: You can cancel your policy, but term life policies usually don’t offer refunds, while whole life may have a cash surrender value.

• Replacement: You can switch to a new policy, but be mindful of potential coverage gaps, higher premiums, or new medical requirements.

The approval process for life insurance can take anywhere from 24 hours to several months, depending on the type of policy and your health profile.

• Simplified or No-Medical-Exam Policies: Can be approved in as little as 24 hours.

• Traditional Policies with Medical Exams: Typically take 2–6 weeks, depending on underwriting and medical record reviews.

• Complex Cases: If additional health assessments are needed, approval may take several months.