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Special Risk Life Insurance

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Life insurance is a critical component of retirement planning. It’s important to understand, however, that there are different types of life insurance and certain risks need to be covered in order to protect your loved ones. This blog post will review the ins and outs of risk-specific life insurance for seniors.

Life insurance can help you avoid estate taxes by providing funds for your heirs when you pass away; it also provides money for funeral expenses as well as other financial burdens should something happen before retirement (such as an accident).

Risk-specific life insurance policies offer protection against health issues such as cancer or Alzheimer’s disease, which may result in long-term care costs or loss of income from the person who passed on.

What About  Special Risk Life Insurance

Primarily, an individual that needs Special risk life insurance may have risk factors that are unique or special.  Further, special risk life insurance individuals do not coincide with a typical standard risk profile when going thru the screening or underwriting process with any top life insurance company. Decidedly, logical people understand the importance of getting life insurance. For example, without it, loved ones may be left with no financial security if you pass away unexpectedly. After all, no one likes to think about that possibility, but life insurance can give you a lot of peace of mind.

Therefore, not only can life insurance pay for any debts, mortgages, or final expenses (so that your family doesn’t have to), it can also serve particular purposes, such as funding your children’s college education.

So Let’s discuss ways to purchasing the most affordable high risk life insurance…

More About Special Risk Life Insurance

Actually, special risk life insurance is similar to high-risk life insurance.For example, it has high acceptance rates, but it will be more expensive than standard life insurance. In fact, cigarette smokers and seniors looking for life insurance, even those seniors over 75, are examples of people that may be considered special risk by life insurance companies.

However, special risk policies have some upsides. Therefore, monthly premiums may DECREASE for every year that you don’t experience medical issues. Also, it’s still possible to get affordable life insurance with a special risk policy.

When we think of risks, there are so many forms that we sometimes underestimate the risk in life insurance. Interest rate risk is one type of risk. Financial risk which is a cost of loss.  Putting money into a trading risk is a huge gamble. 

Personal risk is a risk of loss of life. That is when we talk about special risk in life insurance. Whether it be our lifestyle or the job title we hold. A pure risk is one that is beyond our human control. This would include a natural occurrence, such as storms, accidents etc. 

Let’s talk risk management. Within your business you have the following:

  • Strategic Risk
  • Compliance Risk
  • Operational Risk
  • Financial Risk

Always protect your business with life insurance to cover yourself, your family and your Keyman. If you are a business owner, ask your personal agent to guide you. 


What is most common with special risk life insurance applicants, we are speaking about factors such as current or past medical history, current or past medications, hospitalizations, age or tobacco usage.

Special Risk Life Insurance

Medical high risk life insurance include:

These are some of the usual conditions characterized as a specific risk.Any of these pre-existing conditions may justify an insurance carrier charging an additional premium.There are other things besides the well-being of the insured that could determine if an insured is a unique risk. These can consist of jobs just like a coal miner or fireman.

Activities can also have an adverse affect on life insurance rates.

For example,

  • scuba diving,
  • auto racing driver or
  • rock climbing

Special Risk Life Insurance

A person’s driving history or foreign travel to certain areas of the world could also be considered particular risk.

There are lots of significant things in determining to price with an insurance carrier.

Cases include:

  • Age
  • Medical record
  • Tobacco usage
  • Gender of the applicant
  • Family history


Save yourself Time, Energy and Frustration.  Hire an independent agent!

As a matter of fact, PinnacleQuote Life Insurance Specialists  are National Independent Agents.First, you can hire a specialist to help you find the right special risk life insurance plan. Second, they will know exactly which companies to look into. Also, could potentially find you an affordable special risk life insurance policy. Ultimately, hiring someone can also save you loads of time and energy that you may spend finding a policy for yourself.

However, if you are against hiring anyone to help you, it is possible to find special risk life insurance on your own. Moreover, the internet is an excellent resource to look into the best life insurance companies. To begin with, you can receive several free quotes, and compare them. Consequently, if you can’t find any policies with reasonably priced premiums, you may be interested in checking out no medical exam life insurance policies. To illustrate, shopping online to multiple websites will only exhaust and waste time. Lastly, all website will have the same prices!

Life Insurance Companies are re-evaluating their underwriting guidelines and procedures, the competition from competitors makes pricing more competitive. Above all, using an independent agent greatly increases the chances of finding a dependable policy sure beats trying to find one by yourself.


You could die tomorrow!!! 

From this point, we’ve already been over two ways that you can lower your life insurance rates:

Initially, comparing multiple companies, last, hiring a specialist. To clarify, by comparing several companies, you have a better chance of getting a lower offer. Specifically, with the aid of a specialist, your chance of finding affordable rates skyrockets.

Locating the ideal special risk life insurance can be challenging. However, there’s apparently a carrier willing to cover even special risk consumers. It may take some time, yet, taking advantage of all of the resources available to you which makes obtaining special risk life insurance a far more straightforward procedure than it was.

You never know what life will throw you tomorrow, death just happens unexpectedly. Meaning you shouldn’t wait anymore to find the life insurance coverage your family deserves. We know that finding the best life insurance plan may be a frustrating process. Especially, and particularly as a distinctive special risk candidate. However, I am here to assist you and hold you by the hand. We could make the procedure as fast and simple as you can.

In case you have some questions regarding getting specific risk life insurance, contact us today. We are committed to answering any questions and make certain you’re receiving the very best coverage to satisfy your requirements at an inexpensive rate. Everybody deserves to have an excellent insurance plan, and we will help you find yours. Our agents have years of expertise working with high risk customers, and we understand which companies will provide you reduced premiums according to your circumstance.


A table evaluation identifies a classification an insurance carrier uses when assessing risk. Typically, the table ranked classification is for somebody that doesn’t qualify under the standard or preferred rating class delegated by any specific insured.

Now, most insurance businesses utilize the favored best underwriting course to recognize a person that’s in excellent health. In fact, this usually means an individual fulfills the standards which the insurer has created for this particular risk class.

It’s crucial to keep in mind that every insurer evaluates medical background, family history, etc. That is the reason why it’s crucial to work with a knowledgeable agent to understand that insurance provider will underwrite your existing situation the best. Again, they all look at you differently.

Special Risk Life Insurance Policy

When an individual doesn’t qualify for a favorable risk, (Preferred Rates), they may then be eligible for another more riskier classes that carriers utilize.  These are standard rates or sub standard rates.

For example, Standard Plus/regular plus or standard/regular.  Remember, every insurer has their own underwriting standards to be eligible for any specific class.

As you might have figured the lower the danger class the greater the premium that’s charged.  When shopping around for special risk life insurance companies, it is a bit different then if you were not in a high/special risk class.


Table Ratings demystified…

After an insured has completed underwriting if the final determination is that they don’t qualify for a number of the above standard risk classes. An insurance carrier might assign a table rating class.

When life insurance carriers assign a table evaluation that generally assigns a number or letter of the alphabet like table 2 (B), or table 3 (C), etc..

With most insurance companies a dining table evaluation typically signifies a 25% top rate up over the printed standard special risk category. By way of instance, if an insured by Barrett’s Esophagus applies for policy and is accepted in a course Table A, they’d be provided a policy which contains a 25% increase over the printed standard risk class.

Another individual with a background of atrial fibrillation might be provided a policy using a Table B speed classification. This individual would pay 50 percent of the normal rate course.

Table evaluations from insurers typically go as large as table 8(H). This would signify a 250 percent (25 percent x 10 tables) premium rise above standard. Normally, anything over a Table 8(H)  could be a declination and also wouldn’t be eligible for coverage

Heart disease may be among the regions where table evaluations may fluctuate greatly.


What might be a typical evaluation for a single individual from company A might be a table D from a different. That is precisely why it’s essential to work with a specialist broker. It is possible to understand why it is important to only operate with all these life insurance which have lenient guidelines.

Again,  each life insurance carrier assesses each person differently based on wellness and way of life.

This may make a significant difference in the top dollars which you pay. You have to use an agent who not only understands special risk, but who knows how to make a deal with different insurance companies to find the lowest threat classification.


Save $$$ ~ Learn How Now!

Nevertheless, there is more you can do than just these two things. Likewise, assuming you do decide to go with a standard life insurance plan, you will be required to take a medical exam. Above all, it’s essential to make a good impression on the medical examiner. Whats more, here are a few things you can do that will improve your general health before you apply for life insurance:

  • To begin with, Quit tobacco products— this is the big one. Life insurance for smokers can be 2 to 3 times more expensive than for nonsmokers. Quitting a year before applying will have a significant impact on your quote.
  • In turn, Get more exercise.
  • Third, Take measures to lower your blood pressure.
  • Next, Eat healthier.
  • To conclude, Avoid high-risk hobbies.

Without a doubt, by following these recommendations, you’ll surely be offered cheaper life insurance rates.


Obtaining high risk insurance, (special risk life insurance)  like we have mentioned can be a daunting task.  Your independent agent will know which companies to guide you to.  Here are a few examples of high risk insurance companies.

For life insurance with health problems such as heart, anxiety or diabetes

  • Protective Life
  • Prudential
  • American National

For Special Risk, Job related or recreational:

  • Trans-america
  • Prudential

Remember…  with high-risk life insurance and getting the best high-risk insurance rates,  every carrier will look at you differently when looking for high-risk quotes.  There is no “one size fits all” in life insurance.  It truly is to your benefit to speak with an independent agent.  We work for you, not the insurance company. You do not pay us anything.  In fact, if you call us to speak with us, if and only if you purchase a policy, you still do not pay us.  We get paid by the insurance company after your policy is purchased and in force.


Most of all, whether special risk life insurance or term vs whole life insurance, considering the amount of life insurance you’ll need to provide proper financial coverage for your family is extremely important. Without question, you don’t want to miscalculate and leave loved ones with less than they need. Equally important, these are some of the things that you may want to be covered by your policy:

  • Final expenses — First, As mentioned above, funeral services take a good amount of money; you won’t want to leave this bill for your loved ones to pay.
  • A mortgage on your home — Second, a term life insurance policy is often bought in accordance with a mortgage. For example, someone that just took out a 30-year mortgage on their house will often want to take out a 30-year term life insurance policy. So that if something were to happen, loved ones won’t have to cover the mortgage.
  • Replacing your income —Third,  you probably want to replace any income you’re receiving. Whether it be a salary or retirement income. This way, you can still support your family financially after you pass.
  • Special events — Lastly, perhaps you want to cover a few weddings or graduations with your life insurance policy.


Although based out of Jacksonville, Florida, I am a Licensed National Independent Life Insurance Agent in 49 states.  Not only do I specialize in Special Risk Life Insurance, but I am also seasoned in the art of life insurance with over 25+ years of experience and over 20 thousand written individual policies, this is still my passion!

My goal is to make sure you have everything you need for your family in the event of your death.  

Your family depends on you now, but they will depend on you even more in your absence. So, doesn’t it make sense to have a policy in place to ensure everything you envisioned for them for years to come, is kept intact?  I would imagine that answer is, Yes.  With that said,  Contact us at PinnacleQuote (855)380-3300.

Life Insurance ~ The Last Way To Say “I LOVE YOU”

For more information about Quitting smoking:  CLICK HERE


If you’re looking for life insurance, but have special risk factors like a pre-existing condition or your income is inconsistent – it’s time to get a quote. What are some of the risks that make an individual ineligible for standard life insurance? Let’s talk about how these individuals can still protect their loved ones by getting quotes from companies specializing in providing Special Risk Life Insurance policies. Contact us and we’ll help answer any questions you might have on this type of coverage!