Life insurance can be an extremely important part of just about any financial plan. This is because life insurance can provide a layer of protection that ensures that loved ones will not have to pay off debts with assets that were meant for other purposes. It can also provide you with the peace of mind in knowing that you can keep your promises such as paying for a child or a grandchild’s future college tuition, wedding, and / or down payment on a first home.
While life insurance may be simple to purchase for those who are in good health, for others who have certain health issues such as brachial plexus palsy, it could be somewhat of a challenge. This is because the insurance company’s underwriters will need to look more closely at your health and family health history, such as a history of diabetes, heart or kidney disease etc. to better determine whether or not you will be “too much” of a risk to take on.
The good news is, though, that even if you have been turned down for life insurance coverage in the past, today you have more options that are open to you. This is because, by working with a specialist who is in the area of high-risk life insurance cases, you will be able to more easily find life insurance carriers that are more apt to take on individuals who have health conditions, for example, obesity. This can make the application process go much faster – and much less frustrating. We can help you through this process.
How Brachial Plexus Palsy Can Have an Effect on Your Life Insurance Application for Coverage
Brachial plexus palsy is a health condition whereby signals are unable to travel like usual from a person’s brain to the muscles of their arms. This is because when the nerves in the brachial plexus become damaged, the arm muscles are no longer able to work properly.
The nerves that are in the brachial plexus go out from the spinal cord and underneath the collar bone, and then into the armpit. From there, these muscles continue to branch out into the individual nerves that control the shoulder, elbow, wrist, and hand.
This condition can often affect children due to a stretch injury to the child’s head, neck, and shoulder. The injury might occur during birth – primarily if the birth was difficult. For example, the child’s birth may have entailed the shoulder getting stuck against the mother’s pelvis, thus resulting in a stretch injury during delivery.
In some cases, this condition will clear up on its own. However, if it does not, it can have lasting effects. In some instances, it may even require surgery to rectify. In other cases, where the condition was a result of a tumor, the tumor will need to be removed.
The result of your life insurance application will be dependent upon the effects of your brachial palsy on your overall health. In most cases, this condition is not life threatening, and therefore – provided that your health is otherwise good – you may be able to obtain a Standard rating on your life insurance policy. To determine the rating for your policy, as well as your premium rate, you will need to provide the underwriters with a clear picture of your overall health
What the Life Insurance Underwriters Will Want to Know
When applying for life insurance protection, it will be required that you complete an application for coverage. This will ask you for basic details about yourself and your health such as:
- Name and contact information
- Height and weight
- Smoking status / tobacco usage
- Health and health history
- Family health history
- Hobbies (such as any risky activities like skydiving, scuba diving, rock climbing)
- Foreign travel frequency (if applicable)
- Other life insurance coverage in force (and the amount)
You will also likely need to answer some additional questions that are more specific to your brachial plexus palsy condition. This is so that the underwriters at the life insurance company can obtain more details about your actual health, as well as how you are controlling and / or managing your condition. These additional questions may include some or all of the following:
- At what age were you diagnosed with brachial plexus palsy?
- What was the cause of your condition?
- Have you undergone surgery in order to help in correcting your brachial plexus palsy? (If so, did the surgery correct the condition?)
- If you have not had surgery, how have you managed and / or controlled your condition?
- Do you have any other medical conditions in addition to brachial plexus palsy?
- Do you regularly meet with your doctor regarding your brachial plexus palsy?
It is likely that you will also need to undergo a medical examination. This is a typical part of the life insurance underwriting process. In most cases, the medical exam will only take about 30 minutes in total. During the exam, you will meet with a paramedical professional who will generally ask some additional health-related questions. They will also ask you to submit a blood and a urine sample for testing purposes.
The life insurance underwriters may also wish to further review your health information via your medical records. They may obtain these records from your primary care physician and / or from a medical specialist that you see.
How Much Will It Cost for Life Insurance with Brachial Plexus Palsy?
The amount of any life insurance policy premium will be the result of several factors. These include the type of coverage that is purchased, as well as the amount of benefit that is being sought. Also, the applicant’s age and gender will also play a key role.
Also, the health and health history of an applicant are primary criteria. Your brachial plexus palsy can be a main consideration in your life insurance consideration criteria if it is serious. If, however, you do not have a great deal of complication with this condition, and you are otherwise in good health, it is possible that you could obtain a Standard policy rating. This means that your policy could be approved and be in line with other policyholders that are thought to be of average health in your same age and gender category. In this case, the premium that is charged would also be considered average.
If, however, your health is considered to be below average – but not serious enough to decline the coverage, then the insurance underwriters may approve your application for coverage at a Substandard policy rating. (It is important to note that there can be many different categories of a Substandard policy rating, depending on the seriousness of an applicant’s health). In this case, your premium will be higher than that of an average, or Standard, policyholder.
What If You Don’t Qualify for Traditional Life Insurance Coverage?
For those who are unable to qualify for traditional, medically underwritten life insurance coverage, there are still other avenues that can be taken. One possibility would be to apply for a no medical exam life insurance policy. These types of policies do not require that you undergo a medical exam as a part of the underwriting process. This means that there will be no blood or urine sample taken.
Because there is no medical examination, it means that those who have various types of adverse health issues may have a better chance of qualifying for life insurance coverage (although the premium that is charged will typically be higher, due to the added risk to the insurance company).
How and Where to Get the Best Premium Quotes on Life Insurance
When seeking the best premium quotes on life insurance coverage, it is often a good idea to work with an agency or a company that has access to more than just one life insurance carrier. That way, you will be able to more directly compare multiple policies, benefits, and premium prices – and from there, you can choose which will be the best for you.
If you have brachial plexus palsy, and you are ready to move forward with a life insurance policy, we can help. We work with many of the top life insurance carriers in the marketplace today, and we can assist you with getting all of the important details that you need. All you need to do to get the process started is to complete the brief form at the top of this page.
Should you have any additional questions regarding getting life insurance with brachial plexus palsy – or even if you just have a question about life insurance in general – please feel free to contact us directly. We can be reached via phone, toll-free, by dialing 888-229-7522.
While there are some people who may have adverse health issues – and may even have been turned down for coverage in the past – there are still options that are available. We can assist you in finding the life insurance protection that you need. So, contact us today – we’re here to help.