If you’ve bought an insurance plan before, you know it can either be very simple or extremely painful.
Regardless of why it’s difficult, we can help it be much easier. We’re here to help you breeze through the life insurance process without all the bumps and roadblocks.
There are millions of reasons or health conditions which could cause buying life insurance to be a headache, but in this article, we are going to assist those applicants with Costochondritis.
How Costochondritis Can Affect Your Life Insurance Application for Coverage
Costochondritis – also commonly referred to as chest wall pain – is actually in inflammation of the cartilage that connects a rib to the breastbone. The pain that is caused by this condition can seem like that of certain heart conditions, or even that of a heart attack.
There is no apparent cause for costochondritis. Therefore, medical experts have commonly focused on easing the pain, while the patient simply waits for the condition to improve on its own. Sometimes this can take up to several weeks – or even longer.
While costochondritis is considered to be a manageable condition, it can often be mistaken for other ailments, such as a more severe health issue. When you’re shopping for insurance with costochondritis, the underwriters need to know as much as possible.
The Info They Will Need
- Your birthday
- Your height and your weight
- Your tobacco usage
- Your job and how much you earn
- Your family history
- Any prescriptions you take
- If you drink alcohol and how much
- and more
You will also likely be asked for some additional information regarding your costochondritis so that the insurance underwriters can get a clearer idea of your actual condition. Therefore, some or all of the following condition-specific questions will also be included:
- They will want to know your diagnosis date. Because costochondritis is not life-threatening if it’s detected early enough.
- Do you have any other medical conditions? Should you also have any other medical condition (or conditions) – especially if the condition is serious, such as fibromyalgia, rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease, and/or ankylosing spondylitis – the underwriters will want further evaluation prior to making a determination concerning your coverage.
- What prescription do you take to manage your conditions? The more you take and the larger dosage could mean more serious problems.
- How often do you go to a cardiologist? The more often you go, the better it looks to the carrier.
Aside from this info, they will also look at your medical records from your primary physician. This will give them any additional relevant info.
They are going to take all this info and give it to the underwriters. They are going to look at all of it and decide how much to charge you for coverage.
How Much Does Life Insurance with Costochondritis Cost?
The most common question we get is about the price of life insurance. As you can see from all the questions above, there are a lot of factors they are going to review before giving you a plan.
There are so many factors which are going to be accounted for, and each one will change how much you pay. Some carriers focus on certain points, while others emphasize other areas. There is no way we can give you an exact number for your policy, we don’t have any of the info we need.
We will assume you will be rated as “standard” when you apply. This assumes you don’t have any other major health problems. Standard rates are going to be around 25% higher than other premiums. The rates are drastically more expensive.
Now, if you’re a smoker or you have other health problems, the rates are going to continue to go up.
What if You’re Declined?
What happens if you get the dreaded rejection notice? Do you have choices or do you have to go without life insurance?
Thankfully, there are PLENTY of options for those who have been declined for insurance.
One choice is to buy a guaranteed acceptance policy. These policies are exactly what they sound like, you are guaranteed to be accepted. If you’ve been diagnosed with costochondritis or several other diagnoses, you’ll still get accepted.
You don’t have to answer all the questions or take the exam. Give them very basic info and then you will have insurance.
You can’t get a ton of insurance and the premiums are going to be expensive, but it’s better than nothing.
How to Find the Best Premium Quotes on Life Insurance
If you need more insurance than guaranteed acceptance policies gives, there are other options. Maybe you just applied with the wrong carrier.
Each carrier has their own standards for accepting or rejecting clients. You just need to connect with the perfect one for you.
There are a lot of companies who specialize in high-risk insurance cases and this can be the way to help you in finding the coverage that you need – and to get the best premium quote. This is because often, you can review the policies of multiple insurers as versus just one.
You don’t have to call around to find companies which will accept your condition, we’ve done all this for you. We have spent years in the insurance market determining which carriers work well for high-risk clients. Instead of you having to hunt for quotes, we can bring real quotes directly to you.
Want to know how? You don’t have to pay a dime, all you have to do is fill out the form over on the side. It’s risk-free.