Qualifying for life insurance coverage when you have any adverse health issue can be difficult – even for some who have that condition under control either with diet, exercise, and / or the proper amount of medication.
This is because sometimes, the drugs that are prescribed – as well as the procedures that one undergoes – can cause additional side effects that are considered to be risky in the eyes of the insurance company.
One health issue in particular that causes life insurers to move forward with caution is being overweight or obese. The reason for this is because those who are overweight can oftentimes also be at a higher risk of having other health conditions such as high blood pressure – which can in turn, lead to more serious complications such as heart attack, stroke, and / or Type 2 diabetes. This is why rates on life insurance for overweight individuals can be much higher than standard rates.
Perhaps you are wondering if you can qualify for life insurance after a heart attack; we can help answer your questions.
One way to help those who are overweight and who have had trouble losing weight through more traditional methods is to undergo gastric bypass. Yet, even with this procedure, there are still some concerns by the insurance company due to potential complications with the surgery itself, as well as with the potential for the individual to gain the weight back soon after having the procedure.
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.
Can You Qualify for Life Insurance Coverage After a Gastric Bypass Procedure?
Although there could be various side effects of having the surgery, it is possible to obtain life insurance coverage for the protection that you need following this type of procedure. In doing so, however, it may be that you need to work with a specialist who can find the right insurance company to meet your needs.
When applying for coverage, you will need to completely fill out the application for coverage. In addition, it is likely that the insurance underwriters will want to know more details regarding your gastric bypass surgery in order to get a more clear picture of your overall health condition.
What the Life Insurance Company Underwriters Will Want To Know About You
In obtaining more details regarding your surgery and your total health condition, some of the additional questions that you may be asked by the life insurance underwriters include the following:
- When did you have your gastric bypass surgery performed? If your gastric bypass surgery was performed within the past 6 months or less, it is possible that you may need to wait longer to apply for coverage as the underwriters will want to see how well you are recovering from the procedure, as well as how successfully you are keeping the weight off. If your surgery was performed longer than two years ago, and you have had no moderate or severe complications, you could qualify for a policy class rating of mild substandard.
- Have you had any complications within the past six months? If you have experienced any complications over the past six months such as bloating or diarrhea after eating, then it may be necessary for the underwriters to obtain more information from you about your condition. If, however, you are successfully managing your condition, it may be possible to obtain a policy class rating of mild substandard. If you are experiencing more severe complications such as leaking or dumping syndrome, then you may be moved into a medium substandard policy class category.
- What, if any, medications have you been prescribed for your condition? If you have been prescribed any medication(s) for complications that you’ve been experiencing, then it could be a sign that your condition is more serious. In this case, it is likely that the underwriters will want to evaluate your information further prior to making any policy determination.
- Do you regularly visit your surgeon for check-ups? Having regular check-ups is a positive sign. The records from your surgeon will typically be reviewed by the life insurance underwriters in order to help them get a better understanding of your overall health condition.
- Have you had any relevant diagnostic testing performed within the last six months? If you have had any relevant diagnostic testing performed such as x-rays or ultrasound within the past six months, the underwriters will typically want to review this information as well.
How Much Will a Life Insurance Policy Cost?
The amount that is charged for your policy’s premium will be a result of how your overall health condition is deemed by the underwriters, as well as your age, gender, and life expectancy. If you are in excellent overall health and your surgery was performed several years ago – and you have kept the weight off successfully – then it may be possible to obtain a standard policy rating.
This means that you would pay the average premium rate of policyholders who are considered to be in average health. If, however, your policy is rated in one of the substandard policy classes, and then the premium that is charged would be higher.
It is important to note that not all life insurance companies will have the very same way of evaluating their applicants for coverage. Therefore, it is important to shop around with more than just one life insurer prior to making a final determination on your coverage. For example, what one life insurance company may consider as a decline may be an acceptable applicant for coverage at another insurance carrier.
How to Find the Best Life Insurance Quotes
In order to find the best quotes for life insurance after gastric bypass, it is best to work with either an agency or a company that has access to more than just one insurance carrier. This way, you will be able to compare directly, in an unbiased manner, the policies, the benefits, and the premium quotes of multiple insurers – and from there you can determine which will be the best one for your needs.
When you’re ready to move forward, we can help. We work with many of the best life insurers in the marketplace today, and we can assist you with obtaining all of the important information that you need in making a purchase decision. If you are ready to start comparing coverage, all you need to do is fill out the form on this page.
Should you find that you have any additional questions or concerns regarding obtaining life insurance following a gastric bypass procedure – or, if you even have questions about life insurance in general – please feel free to contact us directly. Our experts can assist you with the answers that you need about types of coverage that are available, the underwriting process, and the many carriers that are in the industry. We can be reached via phone, toll-free, by dialing 888-229-7522.
We understand that obtaining life insurance coverage can be confusing – especially if you’ve been turned down in the past. But know that you now have options. So, contact us today – we’re here to help.