Can Someone with a Critical Illness get Term Insurance?

Life insurance policies, and especially term insurance plans, are typically easy to obtain for healthy individuals who have no pre-existing medical conditions or diseases.
However, getting a life insurance policy may be a little more challenging if you or someone you are buying the policy for already has a serious illness. This is due to the terms and conditions that the majority of insurance service providers have regarding life insurance for those who have a critical illness.Therefore, before diving into our main discussion, let us look at some general eligibility criteria.

What are the eligibility criteria for getting Term Insurance?
It is best to verify that you match the requirements set forth for a term insurance plan's eligibility before applying. While qualifying criteria for term insurance plans might vary between plans and insurers, there are a few universal general requirements:
So, is it possible for someone who has a critical illness to purchase term insurance?
Yes, in some circumstances. Any applicant who has a pre-existing critical illness may be able to purchase term insurance if they meet the conditions outlined by the insurer.
Additionally, because there is a higher chance that the insured person may pass away during the policy's term, this risk is notably higher for those who have a critical disease. So, most insurance firms have set guidelines and criteria for providing a protective life cover to individuals with a critical illness.
Some of the things that must be kept in mind while purchasing life insurance for someone with a critical illness are:
Note that in some cases, when an individual has a critical illness before purchasing a term insurance policy, the insurer may reject or postpone the application since the condition is pre-existing.
Since getting life cover after being diagnosed with a critical illness is not always a viable option, getting a critical illness rider is advised at the time of purchasing the policy so that you can cover yourself for this scenario.
What is the Critical Illness Rider?
A critical illness rider offers financial support during a potential medical emergency. It might also pay for rehabilitation expenses if you are diagnosed with any of the covered illnesses. Heart attack and cancer are two of the main illnesses frequently covered by a term plan's critical illness rider.
When a policyholder purchases a critical illness rider, they are promised a lump sum payment if they are diagnosed with one of the critical illnesses covered under the policy. According to the terms and conditions of the policy, a person may also use the money for costs other than hospitalization. But it's important to carefully review the coverage details before choosing a rider.
While opting for the critical illness rider, make sure to keep the following in mind:
1. Carefully review the list of illnesses that the policy covers
2. Subject to the policy's terms and conditions, the policyholder may receive benefits upon being diagnosed with the listed illness
3. After the policyholder's passing, the beneficiaries will get the death benefit
When a policyholder doesn't have enough money, having supplemental coverage for medical emergencies is helpful. In times of necessity, it is preferable to be ready with a critical illness rider because it can be difficult to purchase life cover later on if at all you get diagnosed with a critical illness.