The sooner you purchase life insurance, the better. One of the key reasons for this is because it ensures you have access to these policies. If, for example, you become very ill later in life, it may be more difficult to obtain insurance.
If you're involved in an accident before applying for coverage, you may still be able to qualify. However, challenges might exist. So, it is always best to work with your agent for a personal quote.
Here are a few things to keep in mind as you consider coverage.
What Happened Matters
The causes and effects of the accident factor into the coverage process. You might have suffered broken bones or had to miss a few months of work. You might even still have lingering problems. While these issues are significant, and put a crimp on your finances, they likely won't reduce your lifespan. As a result, it is likely you will still be able to gain access to life insurance. You should be able to get coverage from your agent regardless of whether you are working or on medical leave due to the accident.
In other situations, complications from accidents can threaten your lifespan. For example, some car accident can cause brain damage. Those afflicted by this scenario could have issues with blood pressure, internal bleeding or strokes. These incidents can be life-threatening, and this can actually make getting life insurance more challenging.
There Are Policies Available
Most people can obtain a term life insurance policy after an accident. This type of policy provides you with coverage for a specific amount of time. Your term could be 10 years or 20 years, for example.
It is important to be accurate and thorough with your TCU Insurance agent when applying for this coverage. Your agent needs to know about any health conditions you have. Remember, an accident does not automatically disqualify you from coverage.
Keep in mind that some policies may not be as accessible to you. Some policies do not work with those who have medical conditions. Others will consider the severity of your condition. You may have to pay more for a policy than others would pay. Every situation is quite different. Your TCU Insurance agent can offer more guidance to you based on your unique situation.
The good news is there is no risk in obtaining a quote. You can learn if life insurance is accessible. You can also learn what the cost may be for you. This takes all of the questions away.
So, do not overlook your access to these policies. Get in touch with TCU Insurance Agency today!