Chronic diseases are as follows:
- diabetes;
- bronchial asthma;
- cardiac defect;
- oncological diseases;
- stomach ulcer.
In case of these diseases, insurance companies may take different approaches. For instance, future customers may pay a higher premium to compensate for the increased risk. In some cases, insurers may exclude death caused by certain chronic diseases or related complications from the coverage.
Insurers may also impose certain limitations on coverage, such as exclusions for certain medical conditions or events.
It is important to be honest when filling out your life insurance application and providing information about your health to avoid payout problems in the future. It is also recommended that you contact an insurance agent or insurance professional for advice and assistance in choosing the most appropriate life insurance option.
Source: https://www.forbes.com/uk/advisor/life-insurance/pre-existing-medical-conditions/
Photos are from open sources.
