Why is my prior health history important if I am healthy now?
Term Life Insurance Information
Prior health history can play a very large role in determining the cost of life insurance or term life insurance rates. Life insurance rates are more expensive if the person applying is more likely to suffer an early death. Term life insurance rates are less expensive if the person applying is likely to live longer. In many cases, life expectancy can be determined by looking at prior health history.
For example, if you had cancer in the past but are now healthy, you are still more likely to have a recurrence of cancer than someone who has never had cancer at all. Also, there are many illnesses and diseases that can be hereditary. Diseases such as heart disease, cancer, and diabetes run in families and can affect your term life insurance rates if a parent or sibling has died of these diseases before the age of 60.
