A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent Daniel Walker

UPDATED: Nov 23, 2021

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Don't Miss These Facts

  • Insurance for high-risk people is almost always more expensive to buy
  • The best high-risk insurance companies are AIG, Americo, and Ladder
  • The best policies available for high-risk individuals are guaranteed issue life insurance and no-exam life insurance

Are you a high-risk individual looking for life insurance? You may struggle to find affordable insurance options.

Certain medical conditions and lifestyles label you as high-risk by life insurance companies. The few policy options available to high-risk individuals tend to be more expensive. Insurers have to balance out their risk.

However, there are a few affordable life insurance companies for high risk individuals. Many of these companies are industry giants with greater stability.

So can you buy life insurance with a pre-existing condition? What are the best high-risk life insurance companies?

Read through our article to get all the information you need to know before you buy life insurance from companies that specialize in higher-risk insurance.

Are you searching for life insurance? Enter your ZIP code to get free quotes from life insurance companies that specialize in higher-risk individuals.

What are the best life insurance companies for high-risk people?

Finding affordable high-risk life insurance can be difficult, especially if you have been denied coverage before due to your health or a medical condition.

There are a lot of life insurance companies that don’t specialize in higher-risk people. Even when policies are available, the life insurance rates for these policies are very high.

However, some life insurance companies offer affordable options for people who are classified as high-risk.

Some of the best life insurance companies for high-risk individuals include AIG, Americo, and Ladder.


AIG is one of the most well-known insurance providers for high-risk individuals.

This company offers guaranteed issue life insurance which is a whole life insurance policy that guarantees a person life insurance regardless of health.

With guaranteed issue life insurance, you don’t have to take a medical exam or answer any health questions to qualify. That means your health won’t influence your rates.

Typically, guaranteed issue life insurance is expensive and offers less coverage than a standard whole life insurance policy.

However, guaranteed issue life insurance rates from AIG start at $20 a month and are fixed. This means that your insurance rates will not go up during your coverage period.


Americo offers a product the company calls Ultra Protector III.

This policy option is guaranteed issue life insurance with level rates and coverage from $2,000-$3,000 available.

The plan offers guaranteed coverage regardless of your health status. Ultra Protector III from Americo also allows terminally ill individuals to access up to 50% of their death benefit.

Terminally ill people are clearly high-risk for life insurance companies. This option is helpful for people who want to be able to use their death benefit to help pay for their treatments, medications, and care.


Ladder offers no-exam life insurance with up to $3 million of coverage.

This is much higher than most no-exam policies typically offer. That makes Ladder one of the only life insurance companies with a high-coverage no-exam life insurance option.

No-exam life insurance does not require you to take a medical exam, As a result, it’s a good option for people who are high-risk due to their health. This is particularly true if they’ve been denied coverage before.

You may be able to get no-exam life insurance from Ladder even if you’ve been denied coverage by other life insurance companies.

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What type of insurance policy is best for high-risk people?

The best policies for high-risk people are guaranteed issue life insurance and no-exam life insurance. Of course, finding the best high risk life insurance companies is just one part of the process that’s made much easier if you have a life insurance agent you can trust.

The reason why these two types of policies are so common among high-risk individuals is that they don’t require you to take a medical exam.

However, both guaranteed issue life insurance and no-exam life insurance cost more. They also generally offer less coverage.

It’s always a good idea to compare different life insurance companies and policies to find what suits you the best before committing to anything.

What’s the bottom line on buying high-risk life insurance?

There aren’t a lot of life insurance companies that offer high-risk life insurance, but AIG, Americo, and Ladder are the top life insurance companies that cover high-risk individuals.

Guaranteed issue life insurance and no-exam life insurance are the best types of policies available for high-risk people because neither policy requires a medical exam.

However, rates from life insurance companies that specialize in higher-risk life insurance tend to be higher than average, and both guaranteed issue life insurance and no-exam life insurance usually offer lower coverage amounts.

You can find affordable coverage by comparing different life insurance companies and finding a policy that fits your budget and your coverage needs.

Before you buy life insurance, enter your ZIP code to get free quotes from the top life insurance companies in your area.