Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jun 9, 2021

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Facts You Should Know

  • Chronic illnesses are seen as pre-existing conditions in the eyes of insurance companies
  • Life insurance rates for chronic illness are not necessarily more expensive
  • A terminal chronic illness will result in higher rates

Since you’re here with us, you must be wondering whether or not you can get life insurance for chronic illness.

We’ll answer those questions as well as detail coverage options and show you some unique and traditional life insurance policy riders.

Before diving into a review on life insurance for chronic illness, type your ZIP code into our free and helpful tool above. With it, you’ll find life insurance quotes in your local area.

Can I get life insurance for chronic illness?

What is a chronic illness? According to the Centers for Disease Control and Prevention, a chronic illness is a condition that lasts a year or more and requires consistent medical attention.

So, can someone buy life insurance for a chronic illness? The good news is life insurance companies frequently approve individuals with a chronic condition.

However, if the chronic illness becomes terminal, a life insurance company will almost certainly deny coverage. Let’s move on to the options on the table for someone with a chronic illness who is approved.

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Life Insurance Options for the Chronically Ill

As far as policy options go, term life insurance is one of the most popular. Term life insurance provides a significant death benefit. Furthermore, term life insurance is frequently seen as an affordable option.

Let’s look at a table showing the average monthly rates for 20-year term life policies with different death benefit values.

Male Average Term Life Insurance Rates by Age and Policy Value 2021
Age$100,000 Policy Average Monthly Rates $250,000 Policy Average Monthly Rates $500,000 Policy Average Monthly Rates $1,000,000 Policy Average Monthly Rates
20$9.03$12.90$19.69$34.62
30$9.03$13.11$20.12$38.27
40$10.92$19.01$32.68$58.48
50$22.27$40.85$74.39$143.96
60$53.23$110.28$205.97$406.54
70$207.52$411.85$804.87$1,546.62
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As you can see, the higher the death benefit, the higher the rates. This is also applicable to one’s age, regardless of gender.

Permanent life is different from term life in that it does not have a term limit. Essentially, if you pay the premiums on time for your entire life, you’ll see your policy’s value increase over time.

Let’s now wrap up with an explanation of riders and how they can help you.

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Life Insurance for Chronic Illness Riders

What is a rider? Life insurance policy riders are an addition to an existing policy. It provides extra protection and benefits to the policyholder. A rider can be added even if the policyholder has a chronic illness.

For someone with a chronic condition, a terminal illness rider would be the best option. This accelerated death benefit allows you to get part of your death benefit early if you receive a terminal diagnosis.

In short, there is life insurance for people with chronic illnesses. Just be sure you know how long you would like your policy to be active and any further benefits you want to be attached to it.

Now you know all you need to find a life insurance company for chronic illness. Type your ZIP code into our free tool below to find affordable life insurance quotes for chronic illnesses in your local area.