Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Oct 25, 2021

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The Facts of Life

  • Life insurance companies use certain criteria to determine if a person is high-risk
  • Some life insurance companies specialize in high-risk groups
  • Rates for impaired risk life insurance are much higher than standard rates

Life insurance companies look at many different factors to determine your rates including your age, medical history, habits, and hobbies.

These factors determine if you need impaired or high-risk life insurance.

Many life insurance companies that cover impaired risk will charge much higher rates, but they may also guarantee coverage.

Shop around to find affordable life insurance companies that cover impaired risk. Each company will weigh your personal factors differently so rates will vary.

Enter your ZIP code now to compare free quotes from life insurance companies that cover impaired risk in your area.

What life insurance companies cover impaired risk?

Insurance companies are all about risk. The greater the chance they will have to pay out a claim, the higher the risk.

Life insurance companies are no different, and many of them refuse to cover individuals that they consider high-risk.

However, there are quite a few life insurance companies that offer impaired risk coverage.

Impaired risk life insurance companies include:

  • Gerber Life Insurance
  • AIG
  • Nationwide
  • Prudential
  • John Hancock
  • Principal

Some of these companies offer guaranteed acceptance life insurance also. Guaranteed acceptance means that you don’t have to answer a lot of personal questions or take a medical exam, but the rates are much higher.

While rates aren’t available for impaired risk life insurance, we can show you standard rates. This table shows average rates for non-smokers from some of the top life insurance companies.

Average Life Insurance Rates from Top Companies
Insurance CompanyAverage rates single 25-year-old femaleAverage rates single 25-year-old maleAverage rates married 35-year-old femaleAverage rates married 35-year-old maleAverage rates married 45-year-old femaleAverage rates married 45-year-old maleAverage rates married 55-year-old femaleAverage rates married 55-year-old maleAverage rates married 65-year-old femaleAverage rates married 65-year-old male
John Hancock$172.50$178.30$178.30$189.80$241.50$292.10$407.10$533.60$937.30$1,380.00
Lincoln National$187.00$231.00$191.00$238.00$239.00$283.00$435.00$615.00$903.00$1,577.00
MassMutual.$132.00$147.00$137.00$151.00$209.00$230.00$373.00$451.00$763.00$1,049.00
New York Life$158$152$164$160$262$245$414$696$924$1,416
Prudential Financial$195.00$237.00$196.00$248.00$314.00$378.00$496.00$584.00$941.00$1,412.00
State Farm$143.00$164.00$166.00$175.00$238.00$239.00$341.00$396.00$684.00$955.00
Transamerica$164.00$176.00$161.00$171.00$229.00$255.00$453.00$527.00$1,139.00$1,367.00
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Keep in mind that these rates will vary for each person based on factors such as medical history, habits, and hobbies.

Rates for impaired risk life insurance will be much higher than standard rates.

How do life insurance companies determine if you are high-risk?

Life insurance companies use your personal facts to determine your rates and if you are considered high-risk. Each company will weigh your information differently.

One life insurance company may determine that heart disease is too risky to cover, while another company may specialize in offering insurance to cover the condition.

A life insurance company can label you high-risk for a number of reasons.

Your medical history is one of the major factors that can determine if you are risky to insure. Certain medical conditions such as cancer, diabetes, and heart disease can label you high-risk.

For example, while you can find life insurance for diabetics, you will pay a much higher rate.

Your habits can also cause you to need impaired risk life insurance. People who smoke or drink will be considered riskier and pay higher rates.

Even your hobbies can raise your rates. Policyholders who skydive, race, bungee jump, or enjoy other dangerous activities will see higher rates.

It should also be noted that your profession can also raise your life insurance rates.

According to the National Safety Council, the most dangerous industries include the government, construction, agriculture, forestry, fishing and hunting, and transportation and warehousing.

If you fall into any of these categories, consider using a life insurance impaired risk specialist. They are well versed in the needs of high-risk individuals and can help find you the cheapest coverage available.

Each company will weigh your personal factors differently so don’t get discouraged if you receive very high rates or are even turned down. There is a life insurance company out there that will offer you the coverage you need.

Enter your ZIP code below to compare cheap life insurance rates.

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How can you increase your chances of getting impaired risk life insurance?

If you are looking for impaired risk life insurance, there are some things you can do to make it easier to find coverage.

First, be honest when you fill out your life insurance application. Lying to the insurance company can result in loss of coverage and even a refusal to pay the death benefit to your family.

Next, offer as much detail about yourself as possible. The more information the life insurance company has, the better they can determine your risk. Be willing to share details about your medical history and lifestyle.

Also, be willing to get additional medical tests. If the life insurance company is unsure of your current condition, follow-up testing may allow them to offer lower rates if your condition has stabilized or improved.

If your employer offers group life insurance, you may be eligible for a supplement to increase your coverage.

Group life insurance is generally offered with no medical exam to employees. Some life insurance companies will allow you to add extra coverage since you are already insured.

Life Insurance Companies that Cover Impaired Risk: The Bottom Line

Although life insurance companies that don’t cover impaired risk may be more common, you can still find the coverage you need by using impaired risk life insurance brokers.

Every life insurance company offers different rates because they all look at your personal factors differently.

You need to compare multiple companies to find the best impaired risk life insurance company for you. Shop around to find great coverage with the lowest rates.

Enter your ZIP code now to compare rates from life insurance companies that cover impaired risk near you for free.