Can i still get life insurance if i have a back problem at the age of 58?

Question

im 58 and never had life insurance and was wondering if i still can get it? i have recently had a back problem and em off work due to it,and now get disability. will a campany still give me life insurance?

Answer 1

I would say "yes" .. after all, very few people actually die of a bad back ...

Answer 2

Yes, but you will have to complete an insurance physical exam and the premium offered will be based on your age and the results of the underwriting review.

Source:  Got a policy at age 56.

Answer 3

Yes you will be able to get life insurance, your back has no bearing on that result. The only thing you won't get is a disability waiver of premium rider on the policy . You'll probably get a standard rating depending on your medical history (exclusive of your back). However, the insurance will be rather steep solely based on age

Answer 4

you might still be able to get it but the likely hood of getting CHEAP GOOD insurance is probably out of reach if it is good you will probably pay through the nose... good luck...

Answer 5

Yes you should be able to get cover although the cost may be high (due to your age rather than your back problem).  There are two main types of life assurance:  

Term assurance covers you for a certain period (the max age at the end of the term is normally 75).  It is pure insurance and has no element of investment and as such is the cheapest type of cover.  This type of policy is normally used to cover debts like a mortgage or to give money until any children are out of full time education.  

Whole of life provides you with cover for the rest of your life and as such is more expensive as it will definately pay out at some point.  It has an element of investment which can be via unit linked or with profits funds.  The amount payable on death is the sum assured plus whatever profits have been allocated to the policy up to the date of death, or finally unit linked plans where the amount payable is the sum assured plus any additional value from the investment performance of the units.  

Which type of policy suits you best will depend on the amount and reason for cover.  

When taking out a policy the insurer will ask for medical details on the application form, are likely in your case to get a doctors report and may ask for a medical examination.  The higher the risk that you are going to die young the higher the cost of cover.  The good news is that a bad back is not life threatening (albeit painful and disabilitating) and therefore should not affect cost.  

If you want further information or would like actual quotes just drop me an email.