pre-exist (v.)

word-forming element meaning "before," from Old French pre- and Medieval Latin pre-, both from Latin prae (adverb and preposition) "before in time or place," from PIE *peri- (source also of Oscan prai, Umbrian pre, Sanskrit pare "thereupon," Greek parai "at," Gaulish are- "at, before," Lithuanian prie "at," Old Church Slavonic pri "at," Gothic faura, Old English fore "before"), extended form of root *per- (1) "forward," hence "beyond, in front of, before."

The Latin word was active in forming verbs. Also see prae-. Sometimes in Middle English muddled with words in pro- or per-.

"to have actual being of any kind, actually be at a certain moment or throughout a certain period of time," c. 1600, from French exister (17c.), from Latin existere/exsistere "to step out, stand forth, emerge, appear; exist, be" (see existence). "The late appearance of the word is remarkable" [OED]. Middle English often used ibēn, ibeon (based on be) for "to exist."  Related: Existed; existing.

also preexisting, 1590s, present-participle adjective from pre-exist. The medical insurance pre-existing condition is attested from 1942.