If you’ve been looking for life insurance, then you may already know that this type of coverage will typically require you to provide a fair amount of information about your health to qualify for a policy. For those who are in relatively good health, then obtaining life insurance protection usually is not that difficult to do.
But if you have certain types of health related issues such as Osteomyelitis, then obtaining the life insurance policy that you want or need could be a bit more challenging. This is because the insurance carrier will first want to make sure that it won’t have to pay out a large financial claim soon after approving you for the coverage.
The good news is that unlike in the past when those with many types of adverse health issues would often just be rejected for life insurance, today there are many more options that are available to you. Finding these life insurance alternatives, however, will often require working with a specialist in the high-risk life insurance arena. We can also help with other specific needs such as finding smokers term life insurance, pilots term life insurance or life insurance for obese individuals at the best rates for your needs. This is where we can help.
How Osteomyelitis Can Have an Effect on Your Life Insurance Application
Osteomyelitis is defined as a type of infection in the bone. The infection reaches the affected individual’s bone by traveling via the bloodstream, or by spreading from a nearby tissue in the body. Alternatively, an infection may also simply start in the bone itself if certain types of injuries happen to expose the bone to germs.
This condition can affect both children and adults. In children, it is more likely to affect the longer bones that are found in the upper arms and the legs, whereas with adults, it is more apt to develop in the bones that make up the spine. Also, those who have diabetes may develop this condition in their feet, provided that they have a foot ulcer.
In the past, Osteomyelitis was considered to be an incurable medical condition. Today, however, due to more advanced medical technology, it may be treated successfully via surgery to remove the affected portion (or portions) of the bone(s). It may also require that the individual take strong antibiotics due to the infection.
Because of this, Osteomyelitis can have an effect on a person’s application for life insurance coverage. Therefore, if you have been afflicted with Osteomyelitis, and you are seeking life insurance coverage, the underwriters will want to know as much as possible about your condition, as well as about how you are managing and / or controlling it. That way, they will be better able to make a decision regarding your coverage, as well as about the premium cost.
What the Insurance Companies Will Want To Know About You
Applying for any life insurance will typically entail the full completion of an application for coverage. Here, you will be asked to provide details such as your name and contact information, age, gender, height and weight, smoking status, overall health history (and family health history), occupation and income, hobbies and habits, foreign travel frequency, and the amount of any other life insurance that you may currently have in force.
Because of your Osteomyelitis, you will also likely be asked to provide for the insurance underwriters additional information such as the following:
- When were you initially diagnosed with Osteomyelitis? Because Osteomyelitis is both treatable and preventable, when you were initially diagnosed will be important for the insurance underwriters to know. This is because the condition will not typically become chronic unless either the patient did not seek treatment right away, or if there is another condition causing it such as diabetes.
- Do you have diabetes? If you also have diabetes, this will be an important factor for the life insurance underwriters in their overall decision on your policy. The type of diabetes (Type 1 or Type 2) will also be an important consideration in your policy’s rating.
- Do you take any medication for your Osteomyelitis condition? (And if so, what is the medication, and the dosage(s))? If you are currently taking any medication for this particular condition, it could indicate that there is an infection. Because of this, the underwriters may hold off on making a decision on the coverage until a later time, when the infection has cleared.
- Within the past six months, have you experienced any symptoms? If you have experienced any symptoms, it could indicate that the underwriters will need to do a more thorough evaluation before making a decision on your policy rating and premium quote. Some of the more common symptoms of Osteomyelitis can include swelling, pus, and / or pieces of necrotic bones.
- Do you meet regularly with your medical professionals such as an orthopedic doctor? By having regular check-ups with an orthopedic doctor, the underwriters will see that you are working to help manage and / or control your condition.
- Have you had any surgical procedures performed recently? If you have had any recent surgeries performed, the underwriters will need to know what type of procedure was done, as well as the results.
- Have you had any relevant lab / diagnostic testing performed within the past year? If you have had any relevant lab / diagnostic testing performed such as an X-ray, CT scan, MRI, ESR, and / or CRP, then the life insurance underwriters may want to view the results of these tests as it could help them in making their decision regarding your policy.
In addition to these additional condition-related questions, you will also be required to undergo a medical examination. This is a regular part of the life insurance underwriting process. During this exam, you will be asked to submit a blood and urine sample.
The underwriters may also wish to review your medical records from either your primary care physician and / or any specialists that you see. These records may help them in obtaining a better picture of your overall health.
How Much Will Your Coverage Cost with Osteomyelitis?
Once all of your information has been received by underwriting, a decision regarding your coverage can be made. Certainly, a big part of the decision on how much your coverage will cost depends on the type and the amount of insurance that you are purchasing. Another part will depend on your age and gender.
However, the severity of your Osteomyelitis condition will also play a key factor. In this case, if you are otherwise in good health and your condition is well managed and well controlled, you may be able to obtain a policy rating of mild substandard.
If, however, your condition is more serious and you are not able to qualify for a medically underwritten life insurance policy, there are still other options that you can go with. For example, applying for a no medical exam policy is one route you may choose.
With these policies, there is no medical examination required as a part of the application process – and because of that, certain applicants who may have adverse health issues may still be able to qualify for coverage.
While the premium that is charged on a no medical exam policy is higher than that of a comparable medically underwritten plan, these policies do provide the opportunity for obtaining life insurance protection where it may not have otherwise been possible.
How to Find the Best Life Insurance Premium Rates If You Have Osteomyelitis
When seeking the best life insurance premium rates for those with Osteomyelitis, it is often the wisest course of action to work with a specialist in the high-risk life insurance arena. That way, you will be able to focus on finding an insurer that is more apt to underwrite an applicant that has certain types of adverse health conditions. This can ultimately save you countless hours of time – and frustration – throughout the insurance application process.
If you are ready to move forward, we can help. We work with many of the top life insurance carriers in the industry today, and we can assist you with obtaining all of the information that you need to make an informed life insurance purchasing decision. When you are ready to proceed, just simply complete the short form located on this page to get started.
Should you find that you have any additional questions regarding qualifying for life insurance with Osteomyelitis – or even if you just have a question about life insurance in general – please feel free to call us directly. We can be reached via phone, toll-free, by dialing 888-229-7522.
We understand that the purchase of life insurance may seem a bit overwhelming – especially if you have been turned down in the past. But the good news is that today, you have many more options that are available to you. And, you have an ally on your side for helping you to find the right policy to fit your coverage needs. So, contact us today – we’re here to help.