Having a life insurance policy to protect those you care about can be one of the best financial decisions that you can make. For some people, getting approved for life insurance coverage is easy – they just simply complete the application and then they are all set.
But for others who may have certain health issues such as diplopia, the process might be a bit more challenging. If you’ve had trouble getting life insurance – or, if you have been turned down in the past due to having diplopia – the good news is that you still may have options.
By working with a high-risk life insurance specialist, you can partner with someone who is focused on the insurers and the policies that are geared more towards those who have higher risk life insurance requirements such as life insurance for obese individuals.This doesn’t only refer to those suffering from diplopia, those seeking insurance with higher risk occupations such as pilot life insurance coverage can benefit from working with a specialist as well.
How Diplopia Can Have an Effect on Your Application for Life Insurance
Diplopia is a condition where an individual sees more than one image at one time. This issue is often referred to as having “double vision.” The image can be displaced in the person’s vision either vertically, horizontally, or even diagonally. It may even be displaced rotationally.
The reason behind this double vision is due to an impaired function of the individual’s extraocular muscles. This means that both of the eyes still function. However, they are not able to work together in converging on the particular object.
This could be the result of a cranial nerve disorder, or because of a mechanical problem with the individual’s eyes. If a person has diplopia, it could be a warning signal that they have some systemic disease. Because of that, having this issue can have an effect on your life insurance coverage, and in turn, the life insurance underwriters will want to know as much as possible about your overall health condition before making a decision about your application.
What the Life Insurance Underwriters Will Want to Know About You
When applying for a life insurance policy, the first thing that is typically required is the completion of an application for coverage. Through this application, the insurance company will ask for information regarding your:
- Name and contact details
- Marital Status
- Occupation and Income
- Smoking Status / Tobacco Usage
- Alcohol Consumption / Frequency
- Health History
- Family Health History
- Hobbies and Habits
- Foreign Travel Frequency
- Other Life Insurance In-Force / Amount of Other Coverage
In addition, you will also typically be asked some additional questions that are more specific to your condition. These will likely be similar to the following:
- When were you initially diagnosed with diplopia? In many cases, those who have been diagnosed within one year may be able to qualify for a Standard policy rating.
- Do you have any other medical conditions other than diplopia? If you have other health conditions, this will also factor into the underwriter’s decision.
- Is there a history of sight issues and / or blindness in your family? In rare cases, having diplopia could lead to blindness. Therefore, having a family history of blindness can help the life insurance underwriters to have a better understanding of this.
- Do you currently take any medication specifically for your diplopia? Having a need for medication let the underwriters know that your case of diplopia may be more serious.
- Do you currently take medication for any other reason? The need to take medication for other conditions – especially for issues such as diabetes – could be an indication of a more serious illness. In such situations, it may be required that you wait to apply for your life insurance coverage, or that the life insurance underwriters do additional evaluation before making a decision about your coverage.
- Do you have regular visits with your physician and / or other medical professionals?
- Having regular visits to a medical professional – and especially to specialists such as an ophthalmologist – will be important in determining how you are attempting to manage and / or control your diplopia condition. In addition, reviewing the records from your medical professionals can also be helpful to the underwriters in making a coverage determination.
- Have you had an type of relevant lab or other diagnostic testing performed over the last 12 months? Having an eye exam performed over the past year will be important for the underwriters in determining whether or not you will be able to qualify as a Standard policy rating.
It is also likely that you will need to undergo a medical exam as a part of the underwriting process, though there are companies out there that offer a no medical exam life insurance policy. During this exam, you will meet with a paramedical professional (paramed) who will typically ask more health related questions. They will also take from you a blood and a urine sample. These samples will be tested by the insurance company for various health conditions that could pose a risk to the insurer.
After all of your information has been received, the life insurance underwriters will be able to review everything and then they can come to a determination regarding your coverage, as well as regarding a premium price.
How Much Will Your Insurance Coverage Cost
There are some different factors that play into what a life insurance policy will cost. These entail the type and the amount of the coverage that is being purchased. They will also include the age and the gender of the policyholder. However, in addition, the overall health condition of the applicant will also be a key criteria.
For someone who is applying for life insurance coverage with diplopia, if you are otherwise in good health, then it is likely that you would be able to qualify for a Standard policy rating. This means that your policy premium would be in line with that of other average policyholders who are of your same age and gender.
If, however, you have other health issues, then it could be that your policy would be rated as a Substandard. This means that your policy’s premium would be more than that of the average policyholder.
What If You Do Not Qualify for a Policy
If you do not qualify for a medically underwritten policy, then you may still have other options that are available to you. For example, you could apply for a no medical exam life insurance policy.
As the name implies, a no medical exam plan will not require you to undergo a medical examination as a part of the underwriting process. Because of this, many applicants – even those who have various types of adverse health conditions – are still able to qualify for coverage.
It is important to note that the premium that is charged on a no medical exam life insurance policy will typically be higher than that of a comparable fully underwritten policy. This is due to the higher amount of risk that the life insurance carrier is taking on. However, these policies can still be a good alternative for those who need coverage and may not be able to otherwise obtain it in any other way.
How and Where to Get the Best Life Insurance Rates
If you are seeking the best life insurance premium rates, then it is typically a good idea to work with a company or an agency that has access to more than just one single life insurance carrier. That is because you will be able to more directly compare – in an unbiased way – multiple policies, benefits, and premium prices. From there, then, you can decide which one will be the best for you.
When you are ready to move forward with the purchase of a life insurance policy – even if you have a health issue such as diplopia – we can help. We work with many of the top life insurance companies in the industry, and we can assist you with obtaining all of the details that you require. We can do so for you quickly and easily – and without you having to meet in person with an insurance agent. If you’re ready to proceed, it is pretty simple. There is a short form at the top of this page. Fill that out to begin the process.
Should you still have any questions about getting life insurance for people with diplopia – or even if you just have a question about life insurance in general -, our experts are here to walk you through the process of getting quotes and answering your concerns. We can be reached directly via phone, toll-free, by dialing 888-229-7522.
We understand that applying for life insurance may seem a bit overwhelming. There are many different variables to contend with – and you may seem that coverage is out of reach, especially if you have been turned down in the past. But the good news is that today, you have many options that are available to you. And, you have an ally on your side. So, contact us today – we’re here to help.