Amyloid Disease is a rare and serious condition that could have serious complications if left untreated. Not only can it do serious damage, but it’s also going to make buying life insurance complicated.
Any red marks on your medical records is going to cause concern for the insurance agent, but a disease like Amyloid is going to cause higher rates and hesitate.
It’s not all bad news. Even with a rare condition like Amyloid, you can still secure a life insurance plan you can afford. Don’t let ANY diagnosis stop you from getting a life insurance plan in place.
How Having Amyloid Disease Can Change Life Insurance
Amyloidosis, or amyloid disease, is a condition whereby an abnormal protein known as amyloid builds up in a person’s organs and tissues. When this occurs, it can impact the shape of the organs and tissues, as well as in how they operate. This can lead to very serious health issues which can, in turn, lead to life-threatening organ failure.
Numerous different proteins could lead to the formation of amyloid deposits. Some are not as serious, while others can be linked to much more serious conditions. Also, while some amyloid deposits may collect in just one area of the body, others may spread throughout.
Some of the more common types of amyloidosis include the following:
- Primary – This occurs without any specific known cause. However, it is often seen in individuals who have blood cancer.
- Secondary – This is also a type of chronic inflammatory diseases, such as rheumatoid arthritis, lupus, Crohn’s disease, or tuberculosis. This can harm the kidneys, liver, and spleen.
- Senile Systematic Amyloidosis – This form of the disease is caused primarily from deposits of normal TTR in the heart and other tissues. It primarily occurs in older men.
- Hereditary or Familial Amyloidosis – This is a somewhat more rare form of the condition. It is passed down through genes in one’s family and is caused by abnormal amyloid transthyretin (TTR) protein, which is produced in the liver.
- Organ-Specific Amyloidosis – This form of the condition will cause deposits of amyloid protein in single organs – which also includes the individual’s skin.
- Dialysis-Related Amyloidosis – This form of the disease is also found primarily in older individuals – and mainly those who have been on dialysis for several years. Those who have dialysis-related amyloidosis will affect the condition primarily in their bones, tendons, and joints.
Because amyloid disease can become a life-threatening condition, a person who has this disease will need to answer condition-specific questions regarding their health and health history so that a life insurance underwriter can get a complete view of your health. This will help the underwriter in determining whether or not the applicant will be a good risk.
What the Life Insurance Underwriters Want to Know About You
Let’s look at some of the other basic questions you’ll answer before getting a decision:
- Health History
- Family Health History
- Medications Taken
- Do you smoke?
- Do you drink?
- Marital Status / Children
- Occupation / Income
- Hobbies / Habits (primarily risky activities)
You will also likely be required to answer additional questions about your amyloid disease so that the insurance company can have a better understanding of your overall health.
These questions may consist of:
- What date did you get diagnosed?
- Which type were you diagnosed?
- How are you managing the Amyloid?
- How often do you make an appointment with your doctor because of your Amyloid?
After you’ve answered their giant list of questions, then you can move onto the medical exam. It’s not as scary as it sounds.
It’s just like going to the doctor for a check-up. The nurse or paramedic will take a small blood sample, urine sample, and basic vitals.
How Much Will Your Life Insurance Cost?
The cost of the policy is the make or break. Everyone is concerned with how much they are going to pay. If you’re like most people, you’re worried about how much your plan will cost you because of your Amyloid. We can’t tell you how much your plan will cost without more info.
A key factor will also be the health of the applicant – and what the underwriters determine regarding your overall health as it pertains to your amyloid disease. In many cases, a Standard policy rating may not be possible.
As long as the rest of your health isn’t terrible, you can still qualify for a table rated plan.
It will still be important to shop around with different insurance carriers, though, because underwriting criteria can differ. This means that – even for the same coverage, one carrier’s premium rate could be substantially different than another carrier. You need to find a broker who has experience working with Amyloid patients and has access to multiple carriers can help you to accomplish this comparison quickly and easily, and without having to go to each life insurance carrier
How to Get the Best Life Insurance Quotes
With all of the info we’ve given you, now you’re ready to go out and buy the perfect life insurance policy. But do you know what your next steps should be?
It’s easy – call us. With one easy phone call (or using the form over on the side). Either way, in a matter of minutes you’re going to be connected to an insurance professional who is going to be dedicated to finding you a policy you can afford.
We won’t be pushy and try and sell you coverage you don’t need. Just simple life insurance at a rate you and your family can afford.