Life insurance is an essential financial tool for many people. That is because it can allow those you love and care about to go on – even in the event of the unthinkable. The proceeds from a life insurance policy may be used for any number of reasons, including the payoff of debt, the continuation of everyday living expenses, and the payment of the decedent’s funeral and final expenses – which today can often exceed $10,000.
Qualifying for life insurance coverage can be easy for some people, provided that they are young and in good health. But, if you have certain health issues such as abdominal aortic aneurysm, then you may have experienced some challenges in the past when trying to obtain the coverage that you need.
The good news is that, with the help of an independent high-risk life insurance specialist, you may still be able to find the coverage that you need -such as life insurance with high blood pressure and, by working with this type of life insurance professional, you can also save countless hours of time and frustration throughout the life insurance application process. We can also help if you are interested in getting life insurance while pregnant or life insurance if you’re overweight. It is our pleasure to help you in finding the coverage you deserve.
How Abdominal Aortic Aneurysm Can Effect Your Life Insurance Application
The aorta is the primary blood vessel in the human body. Its function is to supply blood to the abdomen, legs, and pelvis. If an individual contracts an abdominal aortic aneurysm, it means that an area of the aorta has become very large or ballooned out.
The exact cause of this condition is not known by medical professionals. However, it can often occur due to a weakness in the wall of an artery. Some of the factors that may increase a person’s risk of having an abdominal aortic aneurysm may include the following:
- High blood pressure
In addition, males are typically more prone to having this condition than are females. Also, genetic factors can also be to blame.
While an aneurysm may develop very slowly over some years, and often with no visible symptoms – if the aneurysm tears, leaks, or rapidly expands, the symptoms may then come on very quickly. If this occurs, an individual may experience dizziness, nausea and vomiting, abdominal pain, rapid heart rate, and clammy skin. Symptoms may even lead to passing out and / or shock.
There are ways to test for the possibility of having an abdominal aortic aneurysm. These include having a health care provider examine the abdomen and also feel the pulses in the legs. Some potential signs can include a lump or mass in the abdomen, a stiff or rigid abdomen, and / or a pulsating sensation in the abdomen. Other ways of testing for this condition can include having an ultrasound of the abdomen, as well as either a CT scan or a CTA (computed tomographic angiogram).
If it is found that there is an abdominal aortic aneurysm, there are ways to treat it. Surgery, however, is rarely an option. This is because, during surgery, there is the risk of bleeding. Therefore, other options can include replacing the abnormal vessel with a man-made graft.
If left untreated, an abdominal aortic aneurysm can become quite dangerous. The larger it becomes; the more risk it has of tearing or breaking open – which can essentially be life threatening.
Because of this, when applying for life insurance with abdominal aortic aneurysm, the life insurance company will want to know as much as possible about your condition before making a decision about your coverage.
The good news is that if you have been diagnosed with this condition, it may still be possible to obtain medically underwritten life insurance protection. However, it may be required to purchase a policy via an insurance carrier that is more apt to take on higher risk applicants. We can assist you with narrowing down these companies – and save you a great deal of time in the process.
What the Life Insurance Company Will Want To Know About You
When applying for life insurance, it is typically required that you fill out an application for coverage. Here, you will be asked for information such as your:
- Weight (in relation to your height)
- Smoking Status
- Marital Status
- Occupation and Income
- Medications Taken
- Health History
- Family Health History
- Foreign Travel Frequency
- Hobbies (such as skydiving, rock climbing, or other “risky” activities)
- Other life insurance in force (and the amount of the coverage)
Because of your condition, you will also likely be asked for more details on how you are managing and / or controlling it, as well as about any medications that you may be taking. Therefore, you may be asked some or all of the following:
- When were you initially diagnosed with abdominal aortic aneurysm? Letting the insurance underwriters know when you were initially diagnosed can be helpful, as it can provide them with knowledge of your condition’s progression. It can also help in determining the severity of your case.
- Within the past six months, have you experienced any symptoms of abdominal aortic aneurysm? Experiencing any symptoms of the past six months may be a sign of a more serious condition. This, in turn, could be cause for additional consideration of your application.
- Do you currently take any medication(s) for your abdominal aortic aneurysm condition? Taking medication can show that you are working with a medical professional to manage and / or control your abdominal aortic aneurysm. The underwriters will want to know what medication(s) you are taking, as well as the dosage(s).
- Have you had any relevant diagnostic lab testing performed within the past 12 months? If you have had any diagnostic lab testing performed within the past year, the underwriters may wish to view these results, as it can help them in better determining your overall health condition.
- Do you have any other medical conditions? If you have any other medical conditions – especially more serious conditions such as diabetes or coronary artery disease – it can place you in a higher risk category for a life insurance policy.
- Are you a smoker? Being a smoker can put you at a higher risk for life insurance in general but you can get life insurance for smokers. However, in conjunction with an abdominal aortic aneurysm, this could lead to a severe substandard policy rating, or even a decline, depending on the other pertinent factors of your case.
In addition to the questions that you are asked, you will likely be required to undergo a medical examination as a part of the underwriting process. During this examination, you will meet with a paramedical professional. You will be asked to submit a blood and urine sample. These will be tested for certain other potential risk factors by the insurance company.
Also, it is possible that the insurance carrier may want to view additional information about your health via your medical records. They may obtain these from your primary care physician, a specialist that you see for your abdominal aneurysm or both.
After all of the information has been obtained about your health, the life insurance underwriters will be better able to make a determination regarding a policy, as well as about an appropriate premium price for the coverage.
How Much Will Your Coverage Cost with Abdominal Aortic Aneurysm?
There are some factors that go into the overall price of a life insurance policy. These include the amount of insurance coverage that you are obtaining, as well as the type of policy that you are purchasing. Your age, gender, and health will also play a role, as will your health history, and your family health history.
Because of your abdominal aortic aneurysm, the underwriters at the life insurance company will be taking this condition into consideration quite seriously. This is because, in certain circumstances, the condition could become life-threatening. If this occurs, the life insurance carrier could be at risk of paying out a costly claim.
Therefore, in many cases, an applicant who has this condition will be rated as a Substandard policyholder – even if otherwise in good health. This means that the premium you pay for coverage will be somewhat higher than that of an average policyholder who is of your same age and gender.
That being said, it is important to shop and compare before making your actual policy purchase. This is because, similar to other products and services that you buy, the price that is charged for life insurance coverage can differ a great deal from one insurance company to another – even for the very same benefits.
With that in mind, you could spend hours upon hours going from one insurance company to another and asking for a quote. Or, you could opt to work with an independent life insurance brokerage that already has access to many different carriers – all in one convenient place. This is how we can help.
What If You Don’t Qualify for Traditionally Underwritten Coverage?
If you are not able to qualify for medically underwritten life insurance coverage, you may still have some options that are available to you regarding obtaining life insurance protection. One of these includes applying for a no medical exam life insurance policy. As its name suggests, a no medical exam policy will not require you to undergo a medical examination as a part of the underwriting process.
Therefore, there will be no need to submit a blood and urine sample – and because of this, many applicants who have various health issues are able to qualify for coverage. In addition, because there are no medical details to review, this coverage can also be approved much more quickly than a comparable medically underwritten policy. So, you could essentially have a policy within just days as versus weeks – or longer.
It is important to note, though, that the premiums that are charged on no medical exam life insurance policies can be higher than those of a regular plan. This is due to the higher amount of risk that is being taken on by the insurance company. However, in some cases, these policies can provide a way to get coverage when other options are not available.
How to Find the Best Quotes on Life Insurance
When seeking life insurance for people with abdominal aortic aneurysm, the best way to find quotes is to work with a company or an agency that has access to multiple life insurers. In doing so, you will be able to much more quickly find the insurers that are apt to work with higher risk applicants. This can potentially save you countless hours of time – and frustration – throughout the life insurance application process.
If you are ready to move forward in seeing the life insurance options that are open to you, then we can help. We work with many of the top life insurance carriers in the marketplace today, and we can assist you with obtaining all of the pertinent details that you require for making an informed purchase decision. We can do so for you quickly, easily, and conveniently – and without the need to meet in person with a life insurance agent. So, when you are ready to proceed, just simply take a few moments to fill out the form on this page.
Should you find that you have any additional questions, please feel free to contact us directly. We can be reached via phone, toll-free, by dialing 888-229-7522. Our experts are happy to walk you through the quote process, as well as answer any question or concern that you may have. We understand that the purchase of life insurance can seem somewhat overwhelming – and we can make it much easier to find the company, the coverage, and the benefits that are right for you. So, contact us today – we are here to help.