10 Best Life Insurance Companies That Cover Impaired Risk in 2025 (Our Top Picks)

The best life insurance companies that cover impaired risk are Prudential, AIG, and Aflac. AIG offers affordable rates starting at $31 per month, making it great for those on a budget. Prudential is known for reliable coverage, and Aflac gives you customizable plans.

These companies are great at providing life insurance for people with health issues. The right policy can help cover funeral costs and replace lost income. 

Our Top 10 Picks: Best Life Insurance Companies That Cover Impaired Risk

Finding affordable types of life insurance can be tough, especially if you have a medical condition or a risky job.

To compare life insurance quotes available in your area, enter your ZIP code into our free tool above to get started.

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#1 – Prudential: Top Pick Overall

Pros

• Top Choice: Prudential is the overall best pick for life insurance companies that cover impaired risk, with flexible term life insurance options starting at $46 per month.
• Affordable Rates: Prudential offers reasonable rates that easily fit your impaired risk life insurance budget, according to our Prudential life insurance review.
• Strong Reputation: Prudential is trusted for its financial stability and reliable customer service for impaired risk cases.

Cons

• Limited Customization: Other life insurance companies that cover impaired risk might offer more flexible coverage options.
• Higher Premiums for Some: Premiums can be higher for certain plans or coverage amounts, especially for impaired risk.

#2 – AIG: Best for Affordable Rates

Pros

• Budget-Friendly Prices: AIG is known for low-cost, impaired-risk life insurance, with plans starting at $50 per month. To learn more, just check out our AIG Life Insurance Review.
• Broad Coverage Choices: AIG offers many life insurance plans to fit different needs, including for impaired risk.
• Reputation for Reliability: Customers trust them, and they have a reliable track record, especially for impaired risk coverage.

Cons

• Not as Customizable: Compared to other life insurance companies that cover impaired risk, there’s less room to adjust policies.
• Coverage Limits: Coverage options might not fit all needs, especially for higher-risk individuals looking for impaired risk coverage.

#3 – Aflac: Best for Customizable Plans

Pros

• Customizable Plans: Aflac offers impaired-risk life insurance starting at $42 per month, letting you meet your coverage.
• Extra Benefits: Aflac’s policies have additional benefits, like accident and disability coverage, for impaired risk, as explained in our Aflac life insurance review.
• Strong Customer Support: Aflac is known for excellent customer service and support when needed, especially for impaired risk policies.

Cons

• Higher Premiums for Extras: Adding extra coverage options can raise your life insurance premiums more than expected for impaired risk individuals.
• Limited Options: They may offer more limited coverage options for certain impaired risk situations.

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#4 – Banner Life: Best for Comprehensive Coverage

Pros

• Comprehensive Coverage: Banner Life provides broad coverage options starting at $38 per month for impaired risk individuals. Learn more in our Banner Life Insurance Company review.
• Affordable for Families: Banner Life offers family-friendly policies without high insurance premiums, including for impaired risk cases.
• Trusted Financial Strength: Banner Life is financially strong and reliable to support claims for impaired risk coverage.

Cons

• Not the Cheapest Option: Pricing can be higher than some competitors for certain types of impaired risk coverage.
• Limited to Certain States: Availability may be restricted in some states or areas for impaired risk coverage.

#5 – Mutual of Omaha: Best for Personalized Support

Pros

• Personalized Support: Mutual of Omaha is known for working closely with customers to find the best plans for impaired risk life insurance, starting at $45 per month.
• Flexible Coverage: They have a lot of policy options that are tailored to fit individual needs, even for those with impaired risk, as mentioned in our Mutual of Omaha Life Insurance review.
• Strong Reputation: Mutual of Omaha is a trusted company with positive customer feedback, particularly for impaired risk life insurance.

Cons

• May Have Higher Rates: Insurance premiums might be higher for some customers, especially those with impaired risk and higher coverage needs.
• Limited Online Tools: The website and online tools can be less user-friendly compared to competitors for impaired risk coverage.

#6 – Lincoln: Best for Flexible Coverage

Pros

• Flexible Coverage: Lincoln Financial offers flexible life insurance plans starting at $48 per month for impaired risk coverage. Find out more in our relevant guide, “How Risk Class Affects Your Life Insurance Costs.”
• Affordable for Many: Lincoln Financial rates are competitive, making it a good choice for various budgets, including for impaired risk individuals.
• Solid Customer Service: Lincoln Financial is known for great customer service and reliable support when you need help, especially for impaired risk needs.

Cons

• May Not Be Cheap: For some coverage amounts, Lincoln Financial insurance premiums may be slightly higher than other life insurance companies that cover impaired risk.
• Complex Policies: Some policies are a bit more complicated to understand, requiring extra time to compare options, especially for impaired risk coverage.

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#7 – Transamerica: Best for Discounts

Pros

• Available Discounts: Transamerica insurance discounts lower rates, starting at $40 monthly for impaired risk coverage.
• Affordable Plans: Transamerica offers low-cost plans that fit a variety of budgets, even for those with impaired risk. Discover more with our Transamerica Life Insurance Company review.
• Lots of Options: Transamerica has a variety of life insurance plans, including special ones for people with health issues, so there’s something for just about everyone.

Cons

• Limited Help: Customer support might be slower or less helpful than other life insurance companies, which could make fixing problems a bit harder.
• Less Customizable: Some of their coverage options may not be flexible enough, especially for people with impaired risk.

#8 – Protective Life: Best for Tailored Coverage

Pros

• Tailored Coverage: Protective Life offers coverage options starting at $38 per month to fit impaired risk life insurance needs.
• Flexible Payment Plans: Flexible payment options make it easier for various budget ranges, including for impaired risk cases. Learn more in our Protective Life Insurance review.
• Great for Families: Protective Life offers family-friendly policies that suit all ages and needs, even for impaired risk coverage.

Cons

• Limited Choices for Seniors: The company may not have the best options for older individuals looking for impaired risk coverage.
• Somewhat Complicated Terms: Policy details can be harder to navigate and understand for some customers with impaired risk.

#9 – John Hancock: Best for Senior Drivers

Pros

• Affordable Premiums for Seniors: John Hancock offers reasonably priced plans for senior drivers, including for impaired risk individuals. Get more info in our John Hancock Life Insurance review.
• Senior-Friendly: John Hancock specializes in coverage for older individuals starting at $43 per month, including those with impaired risk.
• Strong Financial Standing: John Hancock is a reliable company with a solid history of paying claims on time, especially for impaired risk.

Cons

• Fewer Options for Certain Groups: John Hancock may not be the best option for younger individuals seeking impaired risk coverage.
• May Have Higher Premiums: Premiums may be slightly higher for those under 50 years old, especially with impaired risk.

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#10 – Guardian Life: Best for Excellent Service

Pros

• Excellent Customer Service: Guardian Life is known for responsive and helpful support, with impaired risk life insurance rates starting at just $31 per month.
• Affordable Rates: One of the most affordable life insurance options available, including for impaired risk cases.
• Strong Customer Feedback: Great reputation for customer satisfaction, especially for impaired risk coverage.

Cons

• Limited Coverage Options: There are fewer plan options than some competitors, especially for impaired risk individuals.
• Potential for Higher Rates: Rates may increase as you age, especially with impaired life insurance. Find the best life insurance companies here.

Life Insurance Companies That Cover Impaired Risk

In general, the healthier you are, the better rates you’ll be offered when you buy life insurance. If you have a pre-existing condition, you’re not automatically ineligible for life insurance, but it will affect the rates and products you’re offered.

Term & Whole Life Monthly Rates of Life Insurance Companies That Cover Impaired Risk

Insurance companies categorize customers by their risk levels. For example, a perfectly healthy person with no dangerous hobbies and no family history of bad health would be categorized as “Preferred Select.”

Discounts From Life Insurance Companies That Cover Impaired Risk

Nobody wants to find out they’ve been given a table rating, but it doesn’t mean the end of your life insurance dreams. You’ll still be able to find coverage.

Not all impaired risks are medical. While impaired risk life insurance companies treat every condition differently, here is a list of risks that could negatively affect your life insurance quotes:

High Risk Conditions and Lifestyles

Some risks might cause most companies to deny you coverage outright, while others won’t. Each company treats these differently, but common conditions that might get you denied are current cancer treatment, HIV/AIDS, cirrhosis, kidney dialysis, a recent heart attack, or suicide attempts.

Best Companies for Impaired Risk

If you know you’ll receive a table rating, you might want to cut right to the chase and look for affordable life insurance companies that cover impaired risk.

The good news is that most life insurance companies will work with impaired risks. It’s possible to get life insurance for stroke patients and many others with medical conditions. You’ll need to shop around — particularly if your risk is high — but finding a policy isn’t impossible.

One way to get around shopping for policies is to consider life insurance that doesn’t require a medical exam. You can buy simplified issue life insurance, which requires no medical exam, or guaranteed issue life insurance, which asks nothing at all.

Discover the difference between term and whole life insurance at the link below — so you can make the best choice for your family and needs. After all, what you know about life insurance can help you. #nationalinsuranceawarenessday

— Prudential (@Prudential) June 28, 2022

There are some drawbacks to policies that don’t require medical exams (namely, the coverage is low), but this is an excellent option if you can’t get anything else.

Companies That Have the Best Plans for Specific Risks

Sometimes, life insurance companies are willing to work directly with specific impaired risks. These include:

• John Hancock: Works with people diagnosed with Type I and II diabetes.
• Prudential: Considers applicants with an HIV diagnosis.
• Fidelity Life: Offers coverage for cancer patients, though the type, treatment, and stage might affect your eligibility.
• Guardian Life: Provides whole life insurance for HIV diagnosis.

When it comes to dangerous professions, some life insurance companies that don’t cover impaired risk simply will not write policies for certain careers. For example, Haven Life won’t cover active military members, while Prudential will.

If you work a dangerous job, it’s best to shop around and compare life insurance rates with multiple companies that cover impaired risk. The same goes for dangerous hobbies.

You could have the safest job out there, but insurance companies aren’t going to like it if you spend your weekends jumping out of a plane. Dangerous hobbies include:

• Skydiving
• Aviation
• Mountain climbing
• Race driving
• Bungee jumping
• Scuba diving
• Water sports (boat racing, surfing, etc.)

If you enjoy dangerous activities, you can usually get a regular life insurance plan with an extra flat fee. This allows you to have standard coverage while accounting for the higher risks involved in your hobbies. Some insurance companies even go a step further by offering specialized plans for enthusiasts. 

For example, policies designed specifically for activities like skydiving ensure coverage tailored to your unique needs. These policies cost more than policies for people who don’t engage in adrenaline-pumping activities. You should always let your insurance company know that you engage in those activities.

Your claim can be denied if the company finds out you lied or failed to disclose something on your application.

Coverage Solutions from Impaired Risk Brokers

There are a lot of variables when it comes to getting life insurance. The way applicants are rated differs so much from company to company that it would take a long time to sort through that alone.

For example, which class would a 46-year-old prediabetic woman with no other medical issues but a history of heart disease in her family be in? Or how about a 32-year-old man who occasionally suffers from depression and likes to surf? Find out everything you need to know about the life insurance contestability period.

This is where life insurance impaired risk specialists can help. They have insider information to help clients find the right policy for them. There are plenty of ways for people with impaired risks to get life insurance coverage to protect their loved ones.

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Case Studies: Finding the Best Life Insurance Companies That Cover Impaired Risk 

Each story shows how the right coverage can bring peace of mind and support. These case studies demonstrate how the right life insurance company helps people with health issues.

Case Study #1: Sarah’s Health Coverage

Sarah has diabetes and needed life insurance but couldn’t find affordable options. She chose Prudential, which helps people with health problems. Her plan started at $46 a month, covering medical costs and protecting her family. 

Case Study #2: Mike’s Mortgage Help

Mike had heart issues and worried his family might lose their home if something happened to him. He found AIG, which offered life insurance to pay off his mortgage and help his family if he passed away. This gave him peace of mind.

Case Study #3: Linda’s Income Security

Linda was sick for a long time and worried about losing her income. She picked Aflac for a plan that would cover her pay if she couldn’t work. This helped her focus on getting better without stressing about money.

 Each story shows that with the right coverage, people dealing with health challenges can protect their families and future.

The Value of Choosing the Right Companies for Impaired Risk

Choosing the right life insurance company for impaired risk can make all the difference. Whether it’s for medical coverage, protecting a home, or ensuring income, the right provider helps give peace of mind and financial security. These case studies show how the right coverage can protect both individuals and their families, no matter the health challenges they may face.

Finding a company that specializes in impaired risk coverage ensures you get the support and protection you need. It’s important to explore different options, compare plans, and ask the right questions to make sure you’re getting the best deal. Discover more by visiting our guide, “Life Insurance Coverage Question.”

With the right provider, even those facing health challenges can find affordable and reliable life insurance. Ready to explore life insurance companies that cover impaired risk? Enter your ZIP code in our free tool below to get free life insurance quotes today.

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