Life insurance can be an extremely important part of just about any financial plan. This is because life insurance can provide a layer of protection that ensures that loved ones will not have to pay off debts with assets that were meant for other purposes. It can also provide you with the peace of mind in knowing that you can keep your promises such as paying for a child or a grandchild’s future college tuition, wedding, and / or down payment on a first home.
While life insurance may be simple to purchase for healthy people, it could be somewhat of a challenge if you have a disease like, brachial plexus palsy. This is because the insurance company’s underwriters view your health and family health history more intently, such as a history of diabetes, heart or kidney disease etc. to better determine whether or not you will be “too much” of a risk to take on.
Even with a health issue, there are plenty of ways to get insured by a life policy. This is because, by working with a specialist who is in the area of high-risk life insurance cases, you will be able to more easily find life insurance carriers that are more apt to take on individuals who have health conditions, for example, obesity. This can make the application process go much faster – and much less frustrating. We can help you through this process.
How Brachial Plexus Palsy Can Have an Effect on Your Life Insurance Application for Coverage
Brachial plexus palsy is a health condition whereby signals are unable to travel like usual from a person’s brain to the muscles of their arms. This is because when the nerves in the brachial plexus become damaged, the arm muscles are no longer able to work properly.
The nerves that are in the brachial plexus go out from the spinal cord and underneath the collar bone, and then into the armpit. From there, these muscles continue to branch out into the individual nerves that control the shoulder, elbow, wrist, and hand.
This condition can often affect children due to a stretch injury to the child’s head, neck, and shoulder. The injury might occur during birth – primarily if the birth was difficult. For example, the child’s birth may have entailed the shoulder getting stuck against the mother’s pelvis, thus resulting in a stretch injury during delivery.
In some cases, this condition will clear up on its own. However, if it does not, it can have lasting effects. In some instances, it may even require surgery to rectify. In other cases, where the condition was a result of a tumor, the tumor will need to be removed.
The result of your life insurance application will be dependent upon the effects of your brachial palsy on your overall health. In most cases, this condition is not life threatening, and therefore – provided that your health is otherwise good – you may be able to obtain a Standard rating on your life insurance policy. To determine the rating for your policy, as well as your premium rate, you will need to provide the underwriters with a clear picture of your overall health
What the Life Insurance Underwriters Will Want to Know
When applying for life insurance protection, it will be required that you complete an application for coverage.
You will also likely need to answer some additional questions that are more specific to your brachial plexus palsy condition. This is so that the underwriters at the life insurance company can obtain more details about your actual health. These additional questions may include some or all of the following:
- At what age were you diagnosed with brachial plexus palsy?
- What was the cause of your condition?
- Have you undergone surgery in order to help in correcting your brachial plexus palsy? (If so, did the surgery correct the condition?)
- If you have not had surgery, how have you managed and / or controlled your condition?
- Do you have any other medical conditions in addition to brachial plexus palsy?
- Do you regularly meet with your doctor regarding your brachial plexus palsy?
Once you’ve submitted the app, it’s likely that you’ll be contacted by either the life insurance company or a paramed professional to schedule the medical exam portion. The nurse will take your blood pressure, a few other measurements and also ask for a blood and urine sample. These tests and questions will further help the carrier determine your risk to them.
The life insurance underwriters may also wish to further review your health information via your medical records. They may obtain these records from your primary care physician and / or from a medical specialist that you see.
How Much Will It Cost for Life Insurance with Brachial Plexus Palsy?
The amount of any life insurance policy premium will be the result of several factors. These include the type of coverage that is purchased, as well as the amount of benefit that is being sought. Also, the applicant’s age and gender will also play a key role.
Also, the health and health history of an applicant are primary criteria. Your brachial plexus palsy can be a main consideration in your life insurance consideration criteria if it is serious. If, however, you do not have a great deal of complication with this condition, and are in pretty good health, then getting a Standard rating is in reach.
If, however, your health is considered to be below average – but not serious enough to decline the coverage, then the insurance underwriters may approve your application for coverage at a Substandard policy rating. (It is important to note that there can be many different categories of a Substandard policy rating, depending on the seriousness of an applicant’s health). In this case, your premium will be higher than that of an average, or Standard, policyholder.
What If You Don’t Qualify for Traditional Life Insurance Coverage?
For those who are aren’t insurable through a standard life insurance plan there is the option of a no medical exam life insurance policy.
Because there is no medical examination, it means that those who have various types of adverse health issues may have a better chance of qualifying for life insurance coverage (although the premium that is charged will typically be higher, due to the added risk to the insurance company).
How and Where to Get the Best Premium Quotes on Life Insurance
As it comes time to purchase your policy it’s in your best interest to shop around for quotes. Having brachial plexus palsy, means you will spend more time than normal finding the perfect policy for you. In the end though it will be worth it because you can compare as much as you want until you’ve found what you need.
To start shopping complete the form on the left, and let us take some time with the information and suggest some companies and plans that might fit you. After that we can have a conversation on the phone and further discuss how our independent agents can help.
For any pressing concerns or questions you may contact us at 888-229-7522.