For those who have any type of adverse health condition, getting approval for life insurance coverage can be difficult. In many cases, this has to do with the fact that the insurance company is fearful of the possibility of having to payout a potential costly – and unprofitable – claim on the applicant, should he or she be accepted for insurance coverage. Unfortunately, being declined for life insurance can leave those you love unprotected financially in the event of the unexpected.
There is good news, though. We can help you to obtain the life insurance that you need – even if you have health conditions like arthritis and have been turned down for coverage in the past – and we can help you through the application process as well.
Getting Through the Life Insurance Application Process – What The insurer Will Want to Know
When trying to get life insurance approval with arthritis, there are some things that the insurance company will want to know specifically regarding your condition. Therefore, in addition to the basic information that is asked on the application for coverage, additional condition related questions will typically include the following:
- When was your initial diagnosis with arthritis? When you were initially diagnosed with arthritis will be important, as this is a condition that cannot be reversed. Therefore, as arthritis progresses, complications from the condition can become more severe. Likewise, certain medications that are used in treating arthritis such as steroids and methotrexate can also produce harmful side effects to organs like the kidneys, lungs, and heart. Should this occur, the ability to obtain life insurance may become more difficult. Therefore, if your diagnosis was more recent, you will likely have a better chance of being approved than if your diagnosis was many years ago.
- What medications, if any, are you currently taking for your condition? If the medications that you are currently taking for your arthritis are simply NSAIDs, then it is possible that you could still qualify for a life insurance policy with a Mild Substandard rating.
- Has your arthritis caused any type of deformity? In some cases, arthritis can cause physical deformities. These can include distortions of the joints in the fingers or wrists. If this is the case, you may still be able to qualify for a Mild Substandard rating on a life insurance policy. However, if you have been caused more serious deformities such as those in your knees or hips – especially if these deformities are causing you difficulty in walking – then it is possible that your policy’s rating could be in the more Severe Substandard rating class.
- Over the past 12 months, have you had any relevant diagnostic lab testing performed? If, within the past 12 months, you have had any relevant lab testing performed such as X-rays, MRIs, or radiographic evaluations, then it shows that you are working to manage your condition. This is a positive in the eyes of the life insurance underwriters. The underwriters may also be able to use the results of these tests to get a more clear picture of your overall condition. This will help them to make a more accurate determination of your policy’s rating, as well as a premium quote.
In addition to the arthritis condition related questions that you will be asked, the life insurance underwriters will also be reviewing other information about you in making their decision. This information will include data such as your age, gender, smoking and tobacco usage status, alcohol usage status, marital status, occupation and income, height and weight, hobbies, and overall health condition and history.
You will also be required to take a medical examination as a part of the overall underwriting process. This exam will include a paramedical professional taking your blood pressure and heart rate readings, as well as discussing with you details about your general health and health history.
A part of the medical examination will include submitting a blood and urine sample. These samples will be reviewed by the insurance company in order to determine whether or not you have any other health conditions that could pose a potential risk of claim to the insurer.
After all of your information has been submitted to the insurer, the underwriters will be able to thoroughly analyze it all and can then make their final determination regarding your life insurance coverage, as well as your premium rate.
In most cases, those who have arthritis can obtain ratings of Mild Substandard on their life insurance policy. By working with a company that has access to more than one insurer, you have a much greater chance of being accepted for coverage.
How to Get Life Insurance Approval with Arthritis
When seeking life insurance approval with arthritis, you can increase your chances of getting a positive rating significantly by working with a company that has access to numerous insurers. We work with many of the top rated life insurance carriers in the marketplace today, and can help you in getting your application submitted so that you can obtain coverage quickly, easily, and conveniently. Working with us can save you a great deal of time and frustration throughout the life insurance application process because we are familiar with which of the insurance companies are more apt to work with higher risk cases.
We can also help you to make accurate comparisons of life insurance policy features, as well as premium quotes – all from the comfort and convenience of your computer – without the need to ever meet in person with a life insurance agent. In order for you to get the process started, all you have to do is fill out the form on the side of this page.
If you have any questions at all along the way, please feel free to contact us directly. Our experts are here to help. We can be reached by phone, toll-free, at 888-229-7522. We can help to make sure that you get the life insurance coverage that you need for the protection your loved ones deserve.