Finding good quality life insurance can be important. But, if you have any type of health condition, this can be a difficult task.
Unfortunately, if an application has been declined previously, you might think that there is no hope of obtaining a policy – but there is some good news. Even if you’ve been denied for coverage due to conditions like pancreatitis, you may still qualify for a plan.
We can help you to find the life insurance coverage that you need – regardless of your current health condition. When applying for coverage, however, there are some details that the underwriters will want to know.
What the Underwriters Want to Know
The underwriters need to find out what your risk to their books is. For example, because this condition can come about in many different ways, the symptoms can vary a great deal from one individual to another. In addition, there are different classifications of Pancreatitis.
The underwriters for life insurance will also be interested in learning more about the potential long-term effects of your condition. With this in mind, it will be important to let them know how you have been monitoring and controlling your condition over time.
Some of the key pieces of information that the underwriters will be concerned with will include where you were initially diagnosed, and what type of pancreatitis that you have. There are two main types of this condition. These are acute and chronic. If, for instance, you have only suffered once with a single case of acute pancreatitis due to gallstones, then it is likely that you will not only qualify for life insurance coverage, but that you can also obtain a policy that is rated as a Standard or above (depending on your other health factors).
If, however, you suffer from a chronic case of pancreatitis, then the underwriters will need to obtain more in-depth information about your condition. Here, they will want to know more about the cause of your condition, as well as how long ago you were diagnosed. In addition, you will need to disclose the amount of frequency and occurrences.
Likewise, the underwriters will also need to know what – if any – medications you are taking for your pancreatitis. This is because in some cases, the long-term effects of the medication may do harm to certain organs such as your kidneys and respiratory system, as well as have an effect on your blood pressure.
You will also be required to take a medical examination. This will require you to meet with a paramedical professional who will check your blood pressure and heart rate readings, and well as discuss with you details regarding your overall health history. You’ll also have your finger pricked and give a sample of urine.
After the life insurance company’s underwriters have had a chance to review all of your information and data, they will be able to make a more informed determination regarding your policy and a premium price.
How Much Will Your Policy Cost?
When you apply for life insurance with pancreatitis, it is likely that you may not qualify for a Preferred rating. However, depending on your overall health, as well as the issues surrounding your pancreatitis, it is still possible.
Once the underwriters have reviewed your information, if it is found that your health is in line with that of other “average” insureds who are in your same age, height, and weight category, it is possible that your policy will be given a Standard rating. In this case, you will be charged a standard rate of premium.
If, however, it is found that your condition presents more of a risk to the insurance company, you may still qualify for the life insurance coverage. However, in order to compensate for the added risk, the insurer may opt to charge you a higher amount of premium and place your policy into a Substandard rating class.
How to Help Ensure That You Get Life Insurance with Pancreatitis
The first thing to do is work with a respected and veteran life insurance agent who can offer you quotes from more than one carrier. This is important because you will want to compare many plans and prices.
Don’t want to do this on your own? Give us a call, 888-229-7522, our agents are specialized in working with clients who need that extra bit of help to find the perfect plan for their situation.
You can also use out quote box on the left to view a few sample rates and give our office some information before we call you.
We look forward to helping you through the application process, and sharing any other information with you that we can. Don’t waste your time trying to chase down quotes, it’s better spent spending time with your family. Let our agents and advisors put together a comparison quote for you so that the decision will be easy.