If you need life insurance, you may know that it is necessary to apply for the coverage through an insurance company based on your health and other factors. This means that if you have certain health issues such as Amyloid disease, diabetes or dementia, it could make it more difficult to get the coverage that you need to ensure that your loved ones are protected financially in case of the unexpected.
The good news is, though, that today you have options available to you for obtaining the life insurance that you need. You can do so by working with a specialist in high-risk life insurance protection. We can even help you find life insurance for obese individuals. If you’re ready to move forward, we can help.
How Having Amyloid Disease Can Affect Your Life Insurance Application
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 have an effect on 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.
There are numerous different proteins that 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 oftentimes seen in individuals who have blood cancer. This is the most common type of Amyloid disease.
- Secondary – This is also a type of chronic inflammatory diseases, such as rheumatoid arthritis, lupus, Crohn’s disease, or tuberculosis. This form of the disease can have an effect on 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 have an effect on 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 as clear of a picture as possible about their overall condition. This will help the underwriter in determining whether or not the applicant will be a good risk for life insurance coverage.
What the Life Insurance Underwriters Want to Know About You
When applying for life insurance, it will be necessary to complete an application for coverage. This will ask for name and contact details, as well as for information such as:
- Health History
- Family Health History
- Medications Taken
- Smoking Status / Tobacco Usage
- Alcohol Consumption / Frequency
- Marital Status / Children
- Occupation / Income
- Hobbies / Habits (primarily risky activities)
- Foreign Travel Frequency
- Other Life Insurance Coverage In Force (and the amount of that coverage)
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, and how you are managing and / or controlling your condition.
These questions may consist of some or all of the following:
- When were you initially diagnosed with amyloid disease?
- What type of amyloid disease have you been diagnosed with?
- Do you have any other health issues?
- Are you taking any medications to help in managing your amyloid disease? If so, what medication are you taking, and what is / are the dosage(s)?
- How else are you managing your condition (i.e., through diet and / or exercise)?
- Do you regularly visit your medical professional concerning your amyloid disease?
- Have you had any relevant lab work and / or other testing performed over the past 12 months concerning your amyloid disease?
It is also probable that you will be required to undergo a medical examination as a part of the overall process of underwriting for your life insurance application. During this exam – which typically takes about 30 minutes – you will meet with a paramedical professional either at your home, your place of employment, or another convenient location.
You will be asked some additional health-related questions. You will also be asked to submit a blood and a urine sample. These will be tested by the insurance company for various risk factors.
The insurance company may also wish to review additional information regarding your health from your medical provider (or providers), such as your primary care physician and / or any specialist that you see about your amyloid disease.
After all of the information has been received by the life insurance underwriters, they will be able to review it, and from there they will be able to make a more accurate determination regarding your insurance application for coverage, as well as regarding a premium price.
How Much Will Your Life Insurance Cost?
There are some different criteria that go into the total price of a life insurance policy premium. These include the amount of coverage that you purchase, as well as the type of life insurance that you get – such as term, whole life, universal life, etc.
But 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. However, if you are in otherwise good health, you may be able to obtain a Substandard policy rating.
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. Working with a company or an agency that specializes in higher risk applicants, and that 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 – and this can save you a great deal of time in the application process.
What If You Don’t Qualify for Coverage
If you are not able to qualify for a fully underwritten life insurance policy, then there are still potential options available for getting life insurance protection. For example, a no medical exam life insurance policy will not require you to undergo the medical examination as a part of the underwriting process. Because of that, many applicants – even with health issues – can qualify for coverage.
While the premium is higher than that of a fully underwritten policy (due to the higher risk involved for the insurer), these plans can provide a way to get the coverage that you need, and the peace of mind that you and your loved ones deserve.
How to Get the Best Life Insurance Quotes
If you are ready to see what type and amount of live insurance you may qualify for with amyloid disease, we can help. We work with many of the top life insurance carriers in the marketplace – and we can help you to obtain all of the important information that you need in making a purchase decision. We can do so for you, without having to meet in person with an insurance agent. When you are ready to move forward, all you have to do is just simply complete the form on this page to get started..
Should you still find that you have any additional questions regarding getting life insurance with amyloid disease – 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.
We understand that getting life insurance coverage may seem like a bit of a challenge – especially if you have been turned down in the past. But the good news is that you still may have options now by working with a high-risk life insurance specialist. So, contact us today – we’re here to help.