If you've ever heard the term impaired life, or impaired risk, in relation to life insurance, you might wonder what it means?
More importantly, if you're classified as impaired, you'll want to know what impact this has on you securing affordable life insurance.
Impaired risk refers to an applicant who doesn't meet the insurer's standard criteria to obtain the most affordable rate.
Impaired, signifies that you're considered a higher risk and therefore more difficult to insure.
However, being labelled impaired doesn't necessarily mean you can't secure affordable life insurance.
At Reassured, we have a specialist impaired life insurance team who can help secure cover where you may otherwise have had difficulty.
Read on to find out exactly how being classed as impaired risk can affect your life insurance…