Obtaining life insurance coverage can be one of the greatest gifts that you can give to those you love.
That is because the proceeds from a life insurance policy can be used for ensuring that your family can go on – even following the unexpected.
The funds from a life insurance policy can be used for paying off large debts, paying ongoing living expenses, or for any other possible need that your survivors see fit.
Qualifying for the life insurance coverage that you need is typically not difficult – provided that you are in relatively good health. But, if you have various health issues, getting life insurance protection can sometimes become more of a challenge. This may be the case in getting life insurance for people with abscess pneumonia.
Today, however, there are more options that are available to you if you have this condition – especially if you work with a life insurance brokerage that specializes in high-risk life insurance cases such as life insurance with high blood pressure. Doing so can help you in narrowing down the companies that are more apt to work with those who have been diagnosed with abscess pneumonia. Having a company on your side that already know which insurers these are can save you a great deal of time in your search.
How Abscess Pneumonia Can Effect Your Application for Life Insurance
An abscess in the lung is defined as a type of subacute infection where an area of necrosis forms. It is commonly seen after complications of pneumonia. Often, there will be pus in the pleural space, referred to as empyema.
There can be many different causes of a lung abscess. In addition to pneumonia, these could include abnormalities of the lungs, obstructions, obstructions, or even other types of infections. They may also be caused by aspirating foreign matter while an individual is unconscious or sedated – either while under anesthesia or intoxicated. In this case, the inhaled matter can oftentimes come from an infection in the mouth, stomach, or the respiratory tract.
Those who are at the highest risk for a lung abscess include people who have recently been ill – especially those who have had pneumonia, as well as those who have alcoholism. There is also a higher risk for those who have recently been under sedation or anesthesia, as well as those who have been unconscious due to an injury.
In many cases, the empyema condition can be treated with antibiotics. However, if an individual has a suppressed immune system and / or certain other types of underlying health issues, then the issue can become more serious, or even fatal.
Other health conditions that can also occur – especially if left untreated – can include:
- Chronic lung disease (or other types of lung issues)
- Weight loss
- Sepsis (an infection of the blood)
- Rapid respiration and pulse rate
Additional areas of the body may also be affected, including the joints, appendix, and even the brain.
Less serious symptoms of this condition can include chest pain, dry cough, shortness of breath, fever, pleurisy, and / or pleuritis. An individual may also experience fatigue and / or a loss of appetite.
The good news is that, in many cases, it is possible to obtain life insurance coverage – provided that you know where to look. Often, however, it may be required to work with a life insurance agency or company that specializes in higher risk cases, and that has access to multiple life insurance carriers in order to determine which insurance company will provide the most suitable coverage.
What Will the Insurance Underwriters Want to Know About You?
Generally, the first step in applying for life insurance coverage will be to fully complete an application for coverage. This will entail providing more “basic” details such as your smoking status, age, family and personal health history, how much you drink alcohol, and if you participate in any risky hobbies.
In addition to the basic application for coverage, the life insurance company’s underwriters will likely want to know more in-depth details regarding your abscess pneumonia. Therefore, you may also be required to answer additional questions such as some or all of the following:
- When were you initially diagnosed with abscess pneumonia? Because this is a treatable condition, if you were diagnosed at an early stage, then it is likely that the condition did not or has not progressed to a serious state, and you may be able to qualify for a Standard life insurance policy rating.
- Have you experienced any symptoms of abscess pneumonia within the past six months? Some of the more common symptoms of this condition can include chest pain, dry cough, and having a high-grade fever. If you have experienced any of these recently, it may require additional information on the part of the life insurance company before a decision on your coverage can be made.
- Are you currently taking any medication for your condition? If so, what are you taking, and what is / are the dosage(s)? If you are currently taking any type of medicine for your condition, it may mean that you have an active infection. In that case, the insurance company may decide to postpone the decision on your coverage until your current condition has passed.
- Over the past 12 months, have you had any relevant diagnostic lab testing performed? If you have had any relevant testing performed over the past year, the insurance underwriters may wish to review the results of these tests in order to help them in better determining your overall health condition.
- Do you currently practice any lifestyle habits that could potentially place you at a higher risk for a recurrence of abscess pneumonia? (i.e., those who have a history of alcohol and / or drug abuse may have a lower immune system).
The medical exam will come after submitting your application to the carrier. This isn’t like a physical, but they will do a blood pressure test, prick your finger and take a urine sample.
Also, the insurance company may wish to examine additional details regarding your health history via your medical records. They may acquire these from your primary care physician, a specialist that you see for your abscess pneumonia or both.
After all of your pertinent information has been collected by the insurance company, it can be thoroughly reviewed by the insurance carrier. At that time, the underwriters will be better able to make a decision regarding your insurance policy, as well as concerning an appropriate premium amount.
How Much Will Your Life Insurance Cost with Abscess Pneumonia?
When it comes to the premium cost of life insurance coverage, there are some different components that go into it. These will include the type and the amount of the coverage. For example, the higher the amount of coverage you are purchasing, the higher the premium is likely to be.
Regarding the type of coverage, in many cases, because term life insurance provides pure death benefit protection only, it is usually less costly than permanent life insurance – all other factors being equal. This is because permanent life insurance includes both death benefit protection, as well as a cash value component that allows for the tax-deferred buildup of savings within the policy.
Other factors that can also have an effect on the premium that is charged for life insurance covering will include the age, the gender, and the health of the applicant, as well as the health history, and even the family health history. This is because genetically, various illnesses can be carried forward through a family.
Your health condition – especially when you’ve been diagnosed with a specific issue such as abscess pneumonia – will also be considered. In this particular case, it can be possible to qualify for a Standard life insurance policy rating, provided that you are otherwise in good health.
If, however, your health is not up to what the underwriters would consider average, but yet still good enough to qualify for a policy, you may be able to qualify for a Substandard policy rating. The affect this has on your premium is that it will drive the cost up.
What If You Don’t Qualify for Traditional Life Insurance Coverage?
In some cases, an individual may not qualify for a medically underwritten life insurance policy. If that is the case, there are still other alternatives that you may have open to you. One may be to apply for a no medical exam life insurance policy.
With a no medical exam life insurance policy, you will not be required to meet with a paramedical professional as a part of the underwriting process. This also means that there will be no requirement to provide a blood or a urine sample for testing purposes. And, in some cases, there are no medical questions that are asked on the application for coverage.
Because of this, those who have certain medical conditions are still able to qualify for life insurance coverage. These policies can be either term or permanent – and the death benefit amount can range in amount.
It is important to note that, due to the added risk that the insurance carrier is taking on when approving you for a no exam policy. You will have to pay a higher premium because of that risk, and unfortunately for some people that is the only option they’ll have.
To get a clearer picture of where you might stand with a life insurance carrier, we’d love for you to reach out to us at 888-229-7522!