Typically, when the client has serious health related condition, it can hinder their opportunity to purchase life insurance – or at least being approved at Standard or Preferred premium rates. This can be the case for those who have been diagnosed with having rheumatoid arthritis.
Rheumatoid arthritis, or RA, is a type of chronic multisystem disorder that is typically characterized with severe inflammation. The cause of this painful condition is not currently known, however, it is thought to be associated with an autoimmune origin.
There are numerous organ and tissue areas of the body – particularly the synovial joints – that can be affected by rheumatoid arthritis, including the knees, wrists, hands, and fingers. The condition can involve something as small as destruction of cartilage, or more advanced issues such as erosion of the individual’s bones.
During the early stages of rheumatoid arthritis, the affected individual’s symptoms will usually include vague bone and / or muscle aches and weakness, as well as a loss of appetite. As the condition advances, it will typically move into manifestation of joint pain and stiffness, as well as swelling and loss of function. In more serious cases, bones and tissues may even become deformed.
What the Life Insurance Companies Will Want to Know
When seeking life insurance approval with rheumatoid arthritis, the folks at the home office will probably call and ask your more questions about your health issue and want to know more on how you manage it.
- When were you initially diagnosed with rheumatoid arthritis? Rheumatoid arthritis is a long-term, chronic health condition that is irreversible. Those who have been diagnosed with this condition will need to manage it for the remainder of their lives. While the actual condition itself is not life threatening, certain medications that are prescribed for it can cause adverse side effects to the kidneys, lungs, and / or heart. Therefore, those who have been taking medications such as steroids and methotrexate for long periods of time may still qualify for life insurance coverage, but with a Substandard policy rating. Depending on the severity of their condition – as well as the length of time taking such prescriptions – there is the possibility of one’s application for coverage being declined.
- What, if any, medications are you currently taking for your rheumatoid arthritis? The medications that you have been prescribed can have a bearing on the rating of your life insurance policy. For example, if you have been prescribed NSAIDs, it is likely that your policy will be rated as a Mild Substandard. Those who have been prescribed steroids may need to be further evaluated in order to make an appropriate determination.
- Do you currently have any type of bone or joint deformity due to your condition? If you currently have any bone or joint deformities in the wrist or fingers, it is possible that your policy would be rated as a Mild or a Medium Substandard. Such deformities in areas such as the hips, where immobility could become a factor, may cause the policy to be rated as a Severe Substandard.
- If you have had any type of relevant testing performed such as MRIs or X-rays over the past 12 months, it may be able to help the underwriters in assessing the best rating class for your life insurance policy. Therefore, it is likely that the underwriters will request copies of these tests for further review.
To find out if you have other risks you might bring to the insurance company, the paramed will ask you for a urine sample and take a vial of your blood.
After they review the information that’s been given to them, the people at the home office will let you and the agent know what your final quote and class rating will be.
In most cases, however, the best case scenario for those who have rheumatoid arthritis is that the pain is being treated with NSAIDs. Here, the applicant can be approved for the insurance coverage, but it is usually with at least a Mild Substandard policy rating.
Perhaps you’ve had a stroke and wondering if you can qualify for life insurance after a stroke. We can certainly help answer this question for you.
Increasing the Chances of Getting Approval
When applying and seeking approval for life insurance with rheumatoid arthritis, it is usually best to seek policy information and quotes from an agent who can show you multiple options from several life insurance carriers.
When comparing companies and premium quotes, we can help. We work with the top rated life insurance companies that look the most favorable on clients with illnesses – and we can help you to find the company and the policy that will fit your specific coverage needs.
There are a few other ways that you can improve your chances, and that’s my focusing on your health. Starting a healthy diet and getting regular exercise can drastically improve your overall health and secure a better rating class from the insurance company. Additionally, eliminating any tobacco that you currently use could have a huge impact on your health as well as your insurance premiums. In fact, smokers are going to pay twice as much for their life insurance. If your health is to the point that you feel you would not pass the medically underwritten policy, there is another option for you, called a no medical exam life insurance policy, but this will come with higher premium rates as well.
In order to get the process started, simply use the form on this page. Within just seconds, we can show you the policy benefits and the premium quotes from several top insurers – right from the convenience of your home computer.