If the life insurance is for estate planning purposes, applicants should consider jointly life polices where underwriting focus can be on the healthy individual joint insured. In the past few decades, much has been learned about cancer prevention. Certain life styles and exposures have been discovered that increase cancer risk. A documented change in life style to lessen the probability of cancer that will enhance longevity will be considered in pricing by life insurance companies. In the final analysis, only a thorough evaluation of medical records will develop a written offer for the prospective applicant to consider.
Term insurance is pure insurance.
Unfortunately, for some health or habits histories, only cash value policies will be available. As cash value insurance does have the extra features, premiums can run 5-8 times or more the cost of term protection. It's a question of fact as to which company and which policy will be offered with the best option for you. That's why folks use independent agencies to get the bids from the companies that are potentially most responsive with offers to insure their pre-existing conditions. However, a formal offer of premium and plan type is subject to an insurance company-paid examination, application and review of your records.