ny time a person applies for life insurance, it is likely that their information will be analyzed by the insurer’s underwriters. This is because the life insurance company wants to make sure that it is not taking on too big of a risk of having to pay out a large 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 more difficult to qualify for life insurance coverage.
If you have had a gastroplasty procedure and you’ve been turned down for coverage in the past, there is good news. It is possible to qualify for traditionally underwritten life insurance. However, it is typically easier to do so through a company that has access to more than just one insurer.
We can help you find the right policy for your needs – oftentimes at an affordable premium cost. This is because we work with many of the top rated life insurance companies in the market place today, and we know which carriers specialize in working with higher risk applicants. This alone can save you countless hours of time and frustration throughout the application process – and it can get you to the coverage that you and your loved ones need must faster.
What the Underwriters Need to Know for Life Insurance Approval
In order to determine whether or not an individual will pose a risk to the life insurance company, the underwriters will need to know more in depth information regarding your surgery and your condition. Therefore, some of the more condition related questions that you may be asked when applying for life insurance coverage include the following:
- When was your gastroplasty procedure performed? First, the 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 on your life insurance coverage – provided that you are otherwise in good health.
- What type of procedure did you undergo? There are actually different types of gastroplasty procedures. Therefore, the life insurance underwriters will need 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. This is 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. It will be required that you provide proof of your surgical procedure via either medical and / or surgical records to the underwriters. These records will also be able 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 insurance underwriters will also need to know 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 an relevant diagnostic testing performed within the past 12 months, the underwriters will need to know the results of such tests. This, too, will help them to obtain a much clearer picture of your overall health condition – which will in turn help them to provide you with a policy rating.
In addition to all of the condition specific information that is needed, the underwriters will also review your basic life insurance application for coverage. Here, the underwriters can look at the data that you provided regarding 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 will also be required to take a medical exam, where you will be asked to submit a blood and urine 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 life insurance company in terms of 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 regarding your health and your health history.
Once all of the information has been submitted to the insurer, a decision can be made. At this time, depending on your overall health condition, it is possible that you could qualify for a Standard policy 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 charged a higher amount 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, it is typically best to work with a company that has access to numerous insurers and that has a focus on those who are considered to be higher risk applicants. In doing so, we can help. We work with many top rated life insurance carriers, and we can point you in the right direction. When you’re ready to begin the process of obtaining the protection that you and your loved ones need, just simply start with the form on this page.
If you should have any questions at all along the way, please feel free to contact us directly. We can be reached by phone, toll-free, by calling 888-229-7522. Our experts can help in answering any of the questions or concerns that you may have as you obtain this important coverage.