The primary reason that a health condition makes shopping for life insurance more difficult is because the insurance company typically sees various health conditions – especially those that can shorten one’s life expectancy – as causing an applicant for coverage to be a higher risk for a claim.
To cover that risk, the insurer will either charge the individual a higher premium rate for their coverage or deny them for coverage altogether.
There are plenty of options for affordable life insurance to give your loved ones the insurance protection that they need.
Life Insurance After Gastric Bypass Surgery
One health condition that can cause life insurance underwriters to proceed with caution is that of being overweight.
This condition can oftentimes cause individuals to have high blood pressure, and it can also lead to other more serious health issues such as type 2 diabetes, heart attack, and stroke.
Therefore, having gastric bypass surgery in many ways can help to reduce the number of health-related risks.
There are, however, still some concerns that underwriters have when applying for term life insurance after gastric bypass surgery. Typically, these concerns center around two primary areas.
The Weight Loss Surgery Procedure
First, is the issue with the actual weight loss surgery procedure itself. This means that the individual must go through the surgical procedure without any type of complications such as infection, blood clots, internal bleeding, or additional surgery that is required in order to remove excess skin.
Will The Weight Loss Remain Stable
In addition, the underwriters want to ensure that the individual’s weight loss will remain stable. This means that – in most cases – the individual’s weight should stay at his or her target weight amount for at least a year following the gastric bypass surgery procedure.
Provided that all goes well with the surgery and the time period afterward with regard to the individual’s target weight, it is possible that one could then successfully apply – and qualify for – term life insurance after gastric bypass surgery
In most cases, as long as you’ve maintained that healthy weight through diet and exercise, the life insurance companies should give you affordable rates for a quality insurance plan.
Going Through the Underwriting Process
In addition to details about your gastric bypass surgery, the home office will want to know other details about you prior to making a decision about your coverage.
These details include information about your health history, the history of your family’s health and other demographic and socioeconomic questions.
All of the factors above are going to play a huge role in your chances of being approved for coverage and how much you will pay for your insurance policy.
How Much Premium Will You Have to Pay?
The picture of your health will become more clear to the carrier after they’ve finished reviewing all the information on you that they have. If you are approved, you may qualify for a Standard policy rating.
But, if you pose a higher amount of risk than the average applicant, you may still qualify for coverage, but at a Substandard rating.
In certain cases, an applicant may be of exceptionally good health, with no family history of adverse health conditions, and score a Preferred rating which means lower premiums!
There are several different ways that you can increase your chances of getting the best insurance rates available.
One of the first things that you can do is start a diet and get regular exercise. Both of these are going to improve your chances of getting lower monthly premiums and keep more money in your pockets. Both a diet and exercise are going to help you keep off any additional weight, as well as lower your blood pressure and cholesterol. All of these are going to translate into lower rates for you.
Additionally, if you want to save money, you’ll need to cut any tobacco that you currently use. Being listed as a smoker on your life insurance application is going to cause your premiums to double, or even triple.
How to Help Improve Your Chance of Life Insurance Approval After Gastric Bypass Surgery
If you plan to apply for term life insurance after gastric bypass surgery, it is important that you do so through a firm who is licensed to sell products from many life insurance companies. This way, you are not bound to just one insurer’s underwriting standards.
The agents at our office will always help find the perfect insurance company for you. Our biggest asset is knowing what carriers fit specific health conditions best.
No insurance carrier is the same, and all of them are going to view your conditions through various medical underwriting, which means that you could receive drastically varying rates for the same amount of coverage. It’s easy to see why you should always compare the rates of dozens of companies before you pick a plan that works best for you and your family.
Let us help point you in the right direction. You can start by comparing premium quotes with top insurers by submitting the form on this page. We also know that you may have additional questions or concerns regarding coverage, price, or underwriting. If so, call our office at 888-229-7522.
How the Gastric Bypass Procedure Works
When someone has gastric bypass surgery, the procedure will essentially shrink the size of their stomach so that they are not able to eat as much as they used to.
Also, the surgeon will also bypass, or re-route, a part of the patient’s digestive system so that the individual is not able to absorb as much food as they could in the past.
Although this type of surgery can help people to lose weight successfully – and to keep it off – there can still be complications with having the procedure, and because of this, it could have an effect on an individual’s life insurance application.
Those who have a bypass procedure can be at risk for the following complications:
- Band Erosion – If band erosion occurs, it means that the band that closes off part of the stomach has disintegrated.
- Stretching of the Pouch – If the individual starts to gain weight again following the surgery, and the stomach gets bigger over time, the pouch could stretch back to its original size again.
- Leaks – If acid from the stomach leaks into the individual’s body, this could be harmful as the acid may eat away at other bodily organs.
- Staple Line Breakdown – If this occurs, it means that the band around the stomach and / or the staples have fallen apart and have essentially reversed the procedure.
- Nutritional Deficiencies – Because the body is absorbing less overall, it could be getting less than it needs from a nutritional standpoint.
- Dumping Syndrome – Dumping Syndrome occurs when food is moving too quickly from the individual’s stomach into their small intestine. With this syndrome, a person can experience a number of different symptoms, including diarrhea after eating, nausea, weakness, fainting, and sweating.
- Gallstones – In some cases, individuals may also develop gallstones from losing weight too quickly. When this occurs, these stones must be dissolved.