Any time a person applies for life insurance, it is likely that their information will be analyzed by the insurance company’s underwriters. Why?
Because the life insurance business wants to make sure that it is not taking on too big of a risk of having to pay out a high monetary claim.
With this in mind, those applicants who have various health conditions may oftentimes have difficulty in being approved for coverage. This could be the case for those who have had a gastroplasty procedure.
Gastroplasty is oftentimes referred to as “stomach stapling.” Those who have this procedure done will typically choose to do so in order to reduce their weight so as to improve their health and lessen the chances of suffering from other types of serious health conditions such as heart disease and high blood pressure that are associated with obesity. The goal of this procedure is to help the individual in reducing his or her caloric intake following the surgery, as well as to slow down their gastric emptying.
If gastroplasty is not performed correctly, it can be a dangerous procedure. Therefore, due to potentially serious complications, it cannot be used for long periods of time. Some of these complications may include severe pain, vomiting, and potential misplacement of the band that is used in reducing the size of the individual’s stomach. Because of this potential risk, it can be somewhat more challenging to pass for a life insurance policy.
If you have had a gastroplasty procedure and have been rejected for coverage in your past, there is good news. It is possible you could still get traditionally underwritten life coverage. However, it is typically easier to do so through a firm that has access to multiple insurers, not just one.
We can assist you in finding the best policy for your needs – oftentimes at an affordable premium cost. Why? Because we work with some of the best life insurance firms in the country, and we understand which carriers specialize in working with higher risk applicants. This alone can save you numerous hours of frustration and time during the process of application – and it can get you to the protection that you and your loved ones need must faster.
What the Underwriters Need to Know for Life Insurance Approval
In determining if an individual will pose a risk to the life insurance company, underwriters will need probably need a good amount of information about your surgery and your condition. Therefore, some of the more condition related questions that you may be asked when trying to apply for an insurance policy include the following:
- When was your gastroplasty procedure performed? First, underwriters will need to know when your procedure was done. If two or more years have gone by and no complications have arisen, then you could qualify for a Standard rating for your own life insurance coverage – if you meet conditions of being in overall good health.
- What type of procedure did you undergo? There are actually different types of gastroplasty procedures. Therefore, the life insurance underwriters probably will ask to know exactly which of the procedures you had performed. For example, if you had a RYBG (Roux-en Y gastric bypass), then you could obtain either a Mild Substandard or even a Standard rating on a policy. Why? Because the RYBG is the most common of the gastroplasty procedures that is used – and it can be performed laparoscopically. This means that it is not necessary to perform a large incision in the patient for this surgery – and because of this, the RYBG procedure will typically have the least amount of recorded complications. There will most likely be a requirement for you to provide proof of your surgical procedure via either medical and / or surgical records to the underwriters. These records will also be helpful to show whether or not you had any post-surgical complications.
- What was the date of your most recent visit or check-up with your doctor, and what were the results of this visit? The support underwriters will also want to identify when you last visited your doctor, as well as the most updated evaluation of your overall condition. This will help the underwriters in determining an appropriate life insurance policy rating.
- Within the past 12 months or less, have you had any relevant diagnostic testing performed and if so, what were the results? If you have had a relevant diagnostic examination performed in the past 12 months, the underwriters need to know the results of such tests. This, too, will help them to gain a much more clear view of your overall health state – which will also help guide them to being able to provide you with a policy rating.
In addition to all of the condition specific information that is needed, underwriters will also review your basic life insurance request for coverage. Here, the underwriters can look at the data that you provided concerning your:
- Height and weight (i.e., your weight in relation to your height)
- Smoking status / tobacco usage
- Alcohol usage
- Marital status
- Whether you have children
- Overall health history
- Family health history
- Foreign travel frequency
- Dangerous hobbies
You are also going to have to endure a medical exam, where you will be invited to submit a urine and blood sample. These will be evaluated in order to determine whether or not you have any other type of health condition that may pose a risk to the insurance group in regard to filing a claim. This medical exam will also require that a paramedical professional take a heart monitor reading, record your blood pressure, and ask you additional in depth questions about your health and your health history.
Once all the info has been submitted to the insurer, a decision will be made. At this time, depending on your overall health condition, it is probable that you could get a Standard plan classification, provided that you are in otherwise good health, which is typically less than people who are applying for life insurance who are overweight. Depending on how well your health has progressed since your gastroplasty, it is also possible that you may be rated as a Substandard. In this case, you may be imposed a greater measure of premium than a Standard rated policy holder.
How to Increase Your Chances of Life Insurance Approval with Gastroplasty
In order to increase your chance of life insurance approval with gastroplasty, you should definitely be working with some sort of business that can communicate with multiple insurers and has a focus on those who are thought to be higher risk applicants. With all of this, we want to be your source of help. We operate with many top-ranked life insurance carriers, and we can aim you in the right way. When you are ready to initiate the process of obtaining the stability that you and your loved ones require, just simply start with our form on this page.
Whenever you have questions or concerns regarding life insurance, know that you can reach out to us directly. You can call us at our number, 888-229-7522, toll-free. Our experts can help in answering any of your inquiries or interests that you might have as you obtain this important coverage.