Having an adverse health issue can oftentimes make it tough to purchase a life insurance policy. This is because the insurance underwriters can be more fearful of taking on too much risk of an insured causing a costly claim.
People with Ankylosing Spondylitis may have had trouble finding life insurance in the past. However, the good news is that it is possible to not only obtain the coverage that you need but to purchase it with an affordable premium price.
Ankylosing Spondylitis, or AS, is a type of inflammatory disease that can affect the axial skeleton, as well as the peripheral and other structures outside of a particular joint. Some of the other more common areas that are affected by this disease can include the moveable joints of the knees, hips, shoulders, and fingers.
In addition, individuals may also show signs of erosion in their vertebral discs – including osteoporosis. Many of those will typically have dull pain in the affected areas, and may also have stiffness and / or immobility.
What to Expect When Applying for Life Insurance Coverage
There are several questions that you will need to answer about your condition when you speak with either the underwriter or the paramed. Below are some examples of things to start thinking about before you meet with them.
- When were you initially diagnosed with Ankylosing Spondylitis? Both the symptoms and the complications of Ankylosing Spondylitis tend to occur over a long period of time. The longer you have had the condition, the more likely it is that you will develop complications. Therefore, if your diagnosis was recently (as versus in the more distant past), you may be more likely to qualify for a Standard life insurance policy rating.
- Have you been prescribed any medication for the condition? If you have been prescribed any type of medication for your condition, it is possible that you could still qualify for a Standard policy rating. However, in many cases, medications are oftentimes prescribed because an individual is experiencing back and / or neck pain. In these instances, it is possible that your policy could be bumped into a Mild Substandard rating category.
- Do you have any type of postural deformity or spine misalignment or curvature due to your condition? If you have any type of postural deformity or spine misalignment or curvature, it could be an indication of more serious complications due to your condition. This being the case, your application for life insurance coverage may require additional evaluation by the underwriters. Should you also be limited in your physical activity such as being unable to drive, exercise, or to perform various daily living activities, there is a possibility that your application could be rated as a Severe Substandard, or even be declined altogether.
- Do you take part in regularly scheduled therapy in order to correct any deformities due to your condition, as well as to prevent any further complications? In taking part in regular therapy, as well as in preventive methodology, you are showing that you are complying with your doctor’s management plan for your condition. This is a positive sign to the insurance underwriters – and it can help you to get a better policy rating, pending all of the other relevant application factors.
In addition to your condition-related questions, the underwriters will also want to know more information that will be factored into the life insurance decision, such as details about your demographic and socioeconomic situation.
In most cases, you will also be required to submit a blood and urine sample to the life insurance company. These samples will be reviewed for certain health conditions in order to ensure that you will not present various risks to the insurer in terms of filing a claim if accepted for life insurance coverage.
The paramed company will get the results of your exam to the carrier’s home office and then they’ll use their guidelines and underwriters to determine what your class rating will be, as well as your monthly premium.
Increasing Your Chance for Approval
In order to increase your chance for life insurance approval with Ankylosing Spondylitis, it is typically best to first compare policy benefits and premium quotes from more than just one insurer. This is because, as with any condition that is considered high risk, the monthly cost to you will change from carrier to carrier.
We work with many of the top rated life insurance companies in the marketplace today, and we can help to point you in the right direction in terms of those that may be willing to work with higher risk cases. In order to begin the process of searching for the right life insurer for your specific needs, you can simply fill out the form on this page.
We also know that you may still have many questions regarding getting life insurance approval with Ankylosing Spondylitis. If so, our experts are available to answer any of the questions or concerns that you may have. Please feel free to contact us at 888-229-7522 and we will be happy to help.