Insurance is always best bought when you’re young, as the chances of you having a clean bill of health are much higher, and you’re thereby able to receive the full extent of insurance coverage.
However, some groups of people would say that insurance isn’t urgent and they can always buy it at a later age. Indeed, statistics have shown that the probability of getting a critical illness or death is greater at older ages.
But there are two things to take note of.
Firstly, such uneventful events can still happen at earlier ages, and they often have a far greater negative impact on you and your family’s finances. Secondly, even if only minor illnesses come up, they’ll still affect the chances of you getting approved for insurance in the future.
Perhaps no one has told you that before. If you find yourself in that situation, what are your options?
Although we can’t reverse time, here are some things you can do if you want to get insurance with a pre-existing medical condition.
So, read on!