If my wife and I are both on disability and have health problems can we get life insurance?

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Expert Answer
3930 helpful answers
It's very hard. All I could suggest is that you find an insurance agent who works for many companies and see if he or she can find a company who will take you. Like health insurance, it's hard to get life insurance if you are sick.

Some will take you, but exclude your current healh issues as a cause of death. They are usually expensive, to boot.
Good luck. Please let us know how it goes.
Expert Answer
394 helpful answers
Life insurance can be a very unwise purchase for those who are older with limited incomes and failing health. Your options will be limited to guaranteed issue plans like those you see on TV. If you have the disposal income and really want it, go for it.

However, if you are younger, let's say in your mid 50's, you may want to consider saving the premiums in a dedicated account (if you have the discipline) instead of buying insurance.

When you do the arithmetic on these plans you will be surprised how quickly your premiums make up the bulk of the death benefit.

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