Life insurance is an important component of nearly every financial plan. This is because life insurance coverage can protect the assets that you’ve worked hard all your life to build. It can also ensure that those whom you care about won’t be stuck with paying off debts and / or having to drastically change their lifestyle because they won’t have enough income to pay for the things that they need.
For many people, qualifying for life insurance is not all that difficult. It just simply entails filling out an application for coverage, taking a medical exam, and then waiting for their policy to be approved.
Yet for others who may have certain types of health conditions such as diabetes, dementia, and obesity, obtaining needed insurance coverage might not be so easy. This is because some individuals are viewed by the life insurance underwriters as being a higher risk of causing a claim. This may be the case if you have a condition that is known as Asymmetric Septal Hypertrophy. There are also, non health related issues that individuals need help with such as term life insurance for smokers or term life insurance for pilots, and we can help you with those needs as well!
Why Asymmetric Septal Hypertrophy Can Affect Your Application for Life Insurance
Asymmetric Septal Hypertrophy, also referred to as hypertrophic cardiomyopathy, is a condition that occurs when the heart muscles’ cells enlarge. This, in turn, can cause the walls in the lower chambers of the heart – usually the left ventricle – to become stiffened and thick.
When this happens, it can make it more difficult for the heart to relax, and because of this, it can also be harder for a sufficient amount of blood to fill the chambers of the heart. Therefore, whenever the heart is normally squeezing, the limited filling of the blood will then prevent the heart from pumping enough blood, primarily when the individual engages in physical activity. People who have this condition can run the risk of a sudden collapse, or even heart failure.
Because of this, it can be more difficult to qualify for life insurance coverage, as the life insurance underwriters may see the applicant as posing more of a risk to the insurance carrier. The good news is that, if you have Asymmetric Septal Hypertrophy, and you are in need of life insurance protection, working with a specialist in higher risk life insurance cases can help.
This is because there are some insurance carriers who are more apt to take on those with various health conditions – and a high-risk life insurance specialist can help you to more quickly find those carriers, which can save you a great deal of time during the application process. This is where we can help.
What the Underwriters Want to Know If You Have Asymmetric Septal Hypertrophy
If you have Asymmetyric Septal Hypertrophy, and you are applying for life insurance coverage, there are some things that you will need to do to obtain your policy. First, as with most other policies, you will likely be required to fully complete an application for coverage. Here, you will be asked about basic information, such as your height and weight, tobacco and alcohol use, what your health history looks like, and what some of your hobbies are.
There will also typically be some additional questions for you to answer, based upon your specific condition. These will include some or all of the following:
- When were you initially diagnosed with Asymmetric Septal Hypertrophy? This is important, as the later in age your diagnosis, the more likely you may be to obtain coverage. If, however, your diagnosis came before the age of 30, it is possible that you may not be able to qualify for a medically underwritten life insurance policy.
- Do you take any medication for your condition? If so, what do you take and what is / are the dosage(s)? The need for prescription medication(s) will also factor into the underwriter’s decision about your insurance coverage. For example, if you take certain medications for chest pain and / or for shortness of breath, it could make qualifying for coverage more difficult.
- Have you experienced any symptoms of Asymmetric Septal Hypertrophy within the past six months? Some of the more common symptoms of Asymmetric Septal Hypertrophy can include heart palpitations, dizziness, and / or fatigue. If you have experienced any or all of these within the past six months, then it will factor into the life insurance underwriter’s decision.
- Have you had any relevant lab or diagnostic testing performed within the past year? If you have had any relevant lab or diagnostic tests performed within the past year such as an MRI, a CT scan, and / or a 2D echocardiogram, then it is possible that the underwriters may wish to view this information to obtain a clearer picture of your overall health.
- Do you regularly visit your cardiologist and / or other medical professionals concerning your Asymmetric Septal Hypertrophy condition? Having regular visits to your medical professional(s) will heavily factor into the decision regarding your life insurance coverage.
In addition, you will likely need to undergo a medical examination. This is usually a regular part of the life insurance underwriting process. The exam will consist of meeting with a paramedical professional – either at your home, your place of business, or other convenient location. You will typically be asked some health related questions, and will be asked to give samples of your blood and urine.
It is also possible that the life insurance underwriters will want to review your medical records in order to obtain more information about your health. They may wish to obtain these either from your primary care physician, your cardiologist, or both.
How Much Will Your Life Insurance Cost with Asymmetric Septal Hypertrophy?
The amount of your life insurance premium will be a culmination of several factors. These include the type and the amount of life insurance coverage that you are purchasing. It will also have to do with your age and gender. In addition, your health and health history will certainly play a major role – especially if you have a condition such as Asymmetric Septal Hypertrophy.
Provided that you are approved for insurance coverage with this condition, the premium will also have to do with the seriousness of your condition, as well as your age at diagnoses. Whether or not your take any medications will also be factored in.
If you were diagnosed with Asymmetric Septal Hypertrophy after the age of 30, and you are otherwise in fairly good health, then it may be possible to obtain a policy rating of Medium Substandard. This means that you could be approved for coverage, but that the premium rate will be higher than that of an average policyholder who is of your same age and gender.
If your condition is more serious, it may still be possible to be approved for coverage at a Table Rate – depending on the life insurance carrier. Working with an independent life insurance specialist can help you to find a carrier that is more apt to work with such cases.
What If You Don’t Qualify for Traditional Life Insurance Coverage?
If the carrier comes back to you and declines your policy because of health reasons, you still have opportunity to get covered. There are no-medical exam life insurance policies available in the market and they could be the perfect fit for you.
Because of that, many people who have certain health conditions are more likely to qualify. In addition, due to the fact that there are no medical details to review, these policies can also be approved much more quickly.
Where to Get the Best Premium Quotes on Life Insurance
In seeking out the best premium quotes on life insurance, as well as policies for those with health conditions such as Asymmetric Septal Hypertrophy, it is smart to look for the advantage in your situation. One advantage you have is getting quotes from the many life insurance carriers in the industry.
We can help you get those quotes! We have contracts with over 10 different life insurance companies and our aim is to pair down which one fits your situation best. You can either reach us at 888-229-7522 or start by completing the form on the left.