I would like to buy life insurance to provide for my children if I die. Kate, Nevada Unfortunately, most life insurance companies will not insure patients with a serious illness.
Most policies require a lengthy application and a medical exam.
For this reason, guaranteed issue policies are riskier for the insurer than those with medical exams, and are thus more expensive than regular term insurance policies. However, you may want to look into this option as it is your best hope of obtaining life insurance. A life insurance broker can search the marketplace for a guaranteed issue policy that meets your needs. Nothing we say should be interpreted as a recommendation to buy or sell any insurance product, or to provide other financial or legal advice.