Qualifying for life insurance can be somewhat difficult if you’ve had any type of serious health condition. This is because the insurer wants to limit its risks of having to pay out a costly claim. Therefore, applicants who have adverse health issues are typically asked additional questions regarding their condition in order to allow the insurance underwriters to get a more clear picture of their overall health. This is the case for those who are applying for life insurance after anorexia nervosa.
What the Life Insurance Underwriters Will Want to Know
With anorexia, the carrier’s guidelines will require the underwriters to ask deeper questions about how you deal with your condition and other information you can provide. Some of the topics are:
- When were you initially diagnosed with your condition? It usually takes a minimum of one year in order to determine whether or not anorexia nervosa is stable enough to offer an applicant a mild or medium Substandard policy rating for their life insurance coverage. Oftentimes, if an individual’s diagnosis has been more recent, it is possible that he or she could be declined for coverage. When this is the case, it is important to work with an insurance company that has access to a number of different insurers so that your case can be submitted to carriers that specialize in higher risk applicants.
- In the past six months, have you had any symptoms such as dry hair, yellowish skin coloring, memory loss, muscle wasting, and / or general weakness? If so, these symptoms are signs of a more serious case of the condition.
- Are you taking any medications for health conditions other than your anorexia? If so, what medications are you taking and in what dosages? The life insurance underwriters will also need to know the type of medications that you are taking, as those that have been prescribed for heart conditions, compromised immune symptom, kidney symptoms, and other serious conditions could also be a sign of other, more serious complications.
- Do you have any relevant diagnostic or laboratory test results available? Any recent and relevant lab or diagnostic test results that can be presented to the underwriters can help them to get a much more clear picture of your overall health condition.
You’ll also be put through a medical exam and a basic series of tests designed to let the carrier know if there are any markers that could impact your health and the risk you are in the future.
All of these factors are going to play a huge role in how much you pay for your life insurance policy and your chances of being approved. As you can see, there are several factors that you can’t change, like your age and your family history, but there are quite a few aspects that you can change. If you want to get the most affordable life insurance available, there are several simple lifestyle changes that you can make to save money on your coverage.
A great way to lower your monthly fees is to start getting regular exercise and stick to a healthy diet. Both of these can help you lose weight, lower your cholesterol, and reduce your risks of having severe health complications later in life, like diabetes or cardiovascular problems. If you want to save money on your life insurance plan, improving your overall health is an excellent way to do that.
The best way to ensure that you’re getting the lowest insurance rates is to work with an independent insurance agent. Every insurance company is different, and all of them are going to view your anorexia differently. It’s easy to see why it’s important to get dozens of quotes before deciding which company is going to work best for you.
There are thousands of life insurance companies to choose from, and that means you could spend weeks calling companies to find the lowest rates, or you can let our independent agents do all of the work for you.
How Much Premium Will You Pay for Life Insurance After Anorexia?
In most cases, the best possible rating that you will receive is Standard. This means that you will pay the rate that is charged for those who are of “average” health in your same policy classification.
In order to qualify for a Standard policy rate, it is oftentimes necessary that your last episode of anorexia nervosa was at least four years ago, and that you are now in generally good health. Otherwise, if you are applying within two to four years of your last episode of an eating disorder, it is likely that you can still qualify for life insurance coverage, but that you will need to pay a Substandard premium rate. You may also be required to pay a Substandard or high risk rate if you have recovered from anorexia nervosa, but you still suffer from various mental or physical health related issues due to your condition.
Even if you’ve been declined for coverage in the past, there are still several affordable options to get life insurance protection. One of the best ways to do it is with a no medical exam plan. The plans will give you life insurance coverage without being required to take the medical exam, which is a great option for anyone that is in poor health or has several blemishes on their medical records.
Obtaining the Best Coverage
When you’re ready to apply for coverage, we can help. We work with many of the best life insurers in the industry today, and we can help you find an insurer that is right for you and your premium budget. We can also help in pointing you towards the insurers that specialize in covering “higher risk” cases so that you can obtain the life insurance coverage that you need.
We know that finding the best coverage can be a frustrating process, but it doesn’t have to be. Our agents can help you find the best plan to meet your needs. We know the importance of getting life insurance, and we can help you do that. It’s our mission to ensure that your family has the perfect coverage to meet there needs. Not having life insurance is one of the worst mistakes that you could ever make for the future of your family.
You never know what life is going to throw at you tomorrow, which means that you shouldn’t wait any longer to get the life insurance protection started. We can help answer any questions that you have and walk you through the application to make sure that everything is handled correctly. Nobody wants to think about this or her own death, but it’s vital that you plan for the worst.