Pre-Existing Medical Conditions? Here’s How You Get New Health Coverage Without Higher Premiums

Adult couple with pre-existing condition smile at each other while sitting on a blue yoga mat.
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Having pre-existing conditions such as diabetes, cancer, or other health problems doesn’t have to mean paying higher life insurance premiums.

In this article, we look at which type of health insurance is best to cover your pre-existing condition, and how with the right plan (from the right providers), you can protect you or your spouse’s income long-term without breaking your budget.



Spoiler Alert: You Don’t Need to Pay Higher Costs to Cover Pre-Existing Conditions.

If you’ve been diagnosed with a health problem, or you have a history health issues in your family, you know the challenge it can be to find affordable insurers that won’t refuse you for pre-existing conditions.

But what many people don’t know, is that there have been many recent developments when it comes to available options for people with a pre-existing condition.

That means it’s easier than ever to save money on premiums without sacrificing great coverage.

But before we get to that…


What Are Considered Pre-Existing Conditions in Canada?

According to Investopedia, A pre-existing condition is an illness, injury or any other medicated health condition that an individual has the diagnosis of prior to applying for medical coverage from an insurance carrier.


What Are Examples of Pre-Existing Conditions?

The most common types of health problem considered pre-existing conditions are:

  • Stroke
  • Cancer
  • Diabetes
  • High Blood Pressure
  • Heart Disease
  • Sleep Apnea
  • Asthma



Couple with Pre-Existing condition enjoying a formal outing.


Which Health Insurance Is Best for Your Pre-Existing Condition?

Insurance comes in many shapes and sizes. There’s no one-size-fits-all when it comes to ample, affordable coverage.

However, when you’ve been diagnosed with a pre-existing condition, the choices available to you from a life insurance company become far slimmer.

Even still, by first looking at your situation, it can be easy to find the perfect plan… even with pre-existing conditions!


Here’s What to Consider to Find the Best Health Insurance Coverage:

1. My medical condition is denying me coverage from most health insurance companies.

What to look for: No Medical Life Insurance

Firstly, you can get affordable insurance without sharing ANY of your medical history! That’s thanks to No Medical Term Life Insurance.

Even with pre-existing conditions, you don’t need to take any medical exams nor visit a doctor with this new health coverage option. Instead, you just fill out a quick questionnaire and you are good to go!

This type of insurance is also great for anyone who prefers their medical information to remain private.

Bottomline: With No Medical Term Life insurance, pre-existing conditions won’t affect your eligibility. You won’t be denied coverage.


2. My spouse and I start receiving our pensions in a decade or less.

What to look for: 10-Year Term Life Insurance

When you and your spouse are on the verge of retirement, you may only need coverage up to the date of your retirements. Shorter terms mean more affordable premiums.

You can ensure you and your partner won’t struggle with the loss of income should one of you pass away, as you have financial protection up until you start receiving your pensions – all while saving a significant amount of money on lower premiums.

Bottomline: If you need insurance to protect you and your spouse’s income during the final stretch of your working years, then a 10-year term is the simplest way to get affordable premiums.

Learn more about determining the best term length for you.


Husband and wife with pre-existing medical condition happily preparing a meal.


3. I don’t want to wait long for new health coverage.

What to look for: No Medical Life Insurance

Yes! No Medical Life Insurance isn’t only great for protecting your privacy. It’s also perfect for people that need to qualify for insurance right away.

That’ because this insurance is issued very quickly as it doesn’t require a medical exam. Your health coverage starts much sooner than many other insurance policies.

Bottomline: Less bureaucracy, means much shorter waiting times.


4. I’m on a reduced or fixed income and can’t afford high premiums.

What to look for: Term Life Insurance

To put it bluntly, Term Life Insurance is the most affordable type of insurance to buy. This makes it a solid part of any financial strategy regardless of your budget!

Bottomline: Term Life Insurance is affordable long-term. You are always able to renew your policy guaranteed.

Learn more about how you can save money with Term Life Insurance.


5. I’m worried if my health worsens, I will not be eligible to renew my policy.

What to look for: Guaranteed Renewability

For a policy you can rely on as you age, search for something that’s guaranteed to renew.

Guaranteed Renewability means you will always be able to renew your policy before it expires (without the fear of being denied). That means stable coverage regardless of your health down the road.

Bottomline: A policy with guaranteed renewability means you’ll be eligible for coverage even if your health worsens.


Middle-aged couple with pre-existing condition hugging in garden store.

6. I want control over who gets money when I pass away.

What to look for: Tax-free Benefits

Nobody wants the taxman to dip their fingers into the money you leave your loved ones.

If you want to make sure you leave your beneficiaries with a replacement income, or you don’t want to pass along debt, search for a plan with a tax-free, lump-sum payout. That way, you know exactly how much you’ll leave them.

Bottomline: Only your loved ones should receive your death benefits. Making sure it’ll be a lump-sum, tax-free payment, means your money is your money.


7. I’m worried I will be replaced by tech at work in the future.

What to look for: A policy you own

When you have a policy through your work, your health coverage starts and ends with your employer. But as tech continues to develop, jobs become less and less future-proof.

By owning your policy, you never worry about losing coverage after being laid-off.

Older adults with a pre-existing health condition know how hard replacing your policy can be. That’s why owning your policy is particularly important for anyone over 45.

But regardless of your age, don’t wait too long to get your own policy. As a rule of thumb, rates get pricier the older you are!

Bottomline: Fully owning your insurance policy makes it future-proof in our ever-changing world.


8. I’m weary to trust health insurance companies online.

What to look for: Top of the line customer service.

Bad actors online cheat too many good folks with pre-existing conditions out of their hard-earned cash. That’s why it’s extra important to speak to experienced advisors that you can trust.

Make sure you’re able call your insurer at any time should you have any questions. Also look for a plan that has a refundable period should you change your mind. That way, you feel secured while you get insurance from home online.

Bottomline: Make sure you can call your insurer to ask questions at anytime, that way you can feel secure you won’t be scammed.



Adult couple with diabetes are without worry while reading map on a camping trip with their old black chihuahua.


So Then… Which Insurance Is Best for Pre-Existing Medical Conditions?

Easy: No Medical Term Life Insurance you fully own.

  • You won’t be denied for pre-existing conditions
  • You’ll have full control how long you’re covered under the policy
  • You will never be denied when your renew or extend your term
  • You’ll own reliable coverage even if you lose your job, or your health worsens
  • You can leave your loved ones with tax-free benefits


Want to Start?

Learn more about No Medical Term Life Insurance, and all the ways you can save cash on your plan. Our team is ready to talk.

  1. Click the “Get Started” Button Below
  2. Fill Out the Simple Question Form
  3. Click “Get A Free Quote”

Our team will get in touch with you so we can tailor the best plan for you.

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