Yes, but it may affect your eligibility and the cost of your premiums. Many insurers offer policies for people with medical histories, but the terms and pricing depend on the condition's severity and how well it’s managed. In some cases, guaranteed issue life insurance or simplified issue policies may be an option.

Term life insurance provides coverage for a specific period—usually 10, 20, or 30 years—and pays a death benefit if you pass away during that time. It's generally more affordable and straightforward. Whole life insurance, on the other hand, offers lifelong coverage and includes a cash value component that grows over time, which you can borrow against or withdraw. Whole life is typically more expensive but offers added benefits for long-term financial planning.

Mortgage protection insurance is designed to pay off your mortgage balance—or a portion of it—if you pass away during the term of the policy. Some plans also offer benefits in the case of disability or job loss. It ensures your family can stay in their home without worrying about monthly payments after a major life event.

No, they serve very different purposes. Homeowners insurance covers damage to your property and possessions from events like fires or storms. Mortgage protection insurance, on the other hand, is life or disability insurance that pays your mortgage if you die or become unable to work, protecting your family’s ability to keep the home.

A disability is typically defined as any illness or injury that prevents you from performing your job for an extended period. This could include chronic conditions, serious injuries, or mental health disorders. Your policy will specify whether it covers “own occupation” (your specific job) or “any occupation” (any job you’re reasonably able to perform), which affects eligibility for benefits.

Yes, but accessing funds before a certain age (usually 59½) can result in penalties and tax consequences. Additionally, many annuities have surrender periods—typically 5 to 10 years—during which early withdrawals can incur surrender charges. It’s important to understand the terms before investing.