For many people, applying for life insurance is an integral part of their overall financial planning. In fact, without this important financial tool, their plans are not considered to be complete. This is because, without life insurance, loved ones could be left without the ability to pay ongoing expenses, or be left with significant financial hardship in case of the unexpected.
Some have little difficulty in qualifying for the type and amount of life insurance coverage that they require. Others, however, are not quite as fortunate. This is often due to having an adverse health condition that deems them as either a Substandard policyholder or as declined for coverage altogether.
If you have had trouble in qualifying for life insurance due to a condition such as paraplegia, you may feel that there is no hope of getting the coverage that you need. There is, however, good news now. Today, there are many more options available to those with adverse health issues, such as diabetes or dementia, regarding finding life insurance coverage. The key is in locating a carrier that will work with you. In order to make the process easier, it is often best to work with a company or an agency that focuses on high-risk life insurance applicants. This is where we can assist you.
How Paraplegia Can Affect Your Life Insurance Application for Coverage
Paraplegia is defined as a condition that involves an impairment of the motor of the sensory function of the lower extremities. This is a type of paralysis, the universal term that is used in describing the loss of movement or sensation that follows damage to nerves in the body.
The cause of paraplegia is typically the result of an injury to the spinal cord – which is oftentimes due to either an accident or some other form or trauma. While some injuries or accidents are readily apparent, others are not. Therefore, the paralysis and / or numbness can sometimes be delayed.
Also, further injury can also occur as a result of bleeding and / or swelling. Therefore, it is important that an individual who has an accident or injury seek immediate medical attention because the time frame is often critical regarding assessment, as well as recovery.
The extent of the loss – and, therefore, the loss of function – will typically correspond to the extent of the damage that is done to the spinal cord, as well as the area that has been affected. The area(s) of the spinal cord that can result in paraplegia include the lumbar, thoracic, or sacral regions.
Although some individuals who have paraplegia are able to walk – at least to a certain degree – there are many who are confined to a wheelchair or who must use some other supportive measure in order to get from one place to another. Also, many of those who sustain this type of injury may also experience pain and / or muscle spasms to various degrees. Other issues that can occur in those who experience spinal cord injuries, and thus paraplegia, can include impotence, urinary and / or fecal incontinence.
Because of the many issues that may occur due to this type of injury, someone who suffers from paraplegia may have difficulty when applying for life insurance coverage. Therefore, it will be important to provide as much information as possible when completing an application for coverage so that the underwriters can make the most informed decision as possible.
What the Insurance Underwriters Need to Know About You
The first avenue in obtaining a life insurance policy is fully completing the application for coverage. This will entail answering more basic questions such as those regarding your:
- Name and Contact Information
- Age and Gender
- Marital Status
- Height and Weight
- Occupation and Income
- Smoking Status / Tobacco Usage
- Alcohol Usage (and Frequency)
- Overall Health History
- Family Health History
- Foreign Travel
- Other Life Insurance In-Force
Because of your paraplegia, it is likely that the insurance company will also want additional, specific details regarding your condition. Therefore, you may also need to answer questions such as:
- How long have you had paraplegia? The length of your paraplegia will make a difference as longer term cases may have a higher risk of complications. These may include thrombosis or spinal cord compression.
- What was the cause of your paraplegia? The insurance company will also want to know what the cause of your paraplegia was. This is because the less serious your disease condition, the more likely you could be to obtain a policy rating of medium substandard.
- Do you take any medication for pain management? If so, what medication do you take and what is the dosage? The underwriters will want to know if you take any type of medication for pain, and if so, what the dosage(s) is / are. The need for medication to control pain could be a sign of an additional complication such as a spinal injury.
- Where is the location of your spinal injury? Knowing where your spinal injury is will help the underwriters in knowing the severity of it. For example, the higher the injury, the more serious it usually is – and the more likely an applicant is to obtain either a severe substandard policy rating or possibly even a decline.
- Do you have any other medical condition(s) in addition to paraplegia? If you have other medical conditions – especially those such as bone issues and / or arthritis, which could aggravate the paraplegia symptoms – then it will be necessary to let the insurance underwriters know about this.
- Do you meet regularly with your physician for check-ups? Meeting regularly with your physician or other medical professionals is a good indication to the insurance underwriters that you are working to manage your health condition.
- Have you had any relevant lab or diagnostic testing performed within the past year? If you have had any relevant lab or diagnostic testing performed such as an MRI or a CT-scan within the past year, it is possible that the insurance underwriters may wish to view the results of these tests. Doing so may help the underwriters to obtain a more clear view of your overall condition.
In addition to answering the application questions, it is likely that you will also need to undergo a medical examination as a part of the application process. This exam will entail meeting with a paramedical professional who will take a blood and urine sample.
You may also be asked to provide your permission to the insurance underwriters so that they can obtain your medical records from either your primary care physician, any medical specialist that you see, or both.
How Much Will Your Coverage Cost with Paraplegia
The premium that you are charged for life insurance will be the result of many factors, including the type and the amount of coverage that you obtain, as well as your age and gender. It will also have to do with the severity of your paraplegia.
In most instances, even if you are otherwise in good health, it is likely that your policy will be rated in a Substandard category. Working with a company that focuses on high-risk life insurance applicants can help you to ensure that you can more easily find a carrier that works with higher risk cases.
If you are not able to qualify for a medically underwritten life insurance policy, there are other options that are available to you, such as no medical exam life insurance. With these types of policies, even those who have various health conditions may still be able to qualify for the life insurance protection that they need.
Where to Find the Best Premium Quotes on Life Insurance with Paraplegia
If you are seeking the best premium quotes on life insurance with paraplegia or have any other special request, such as you are a veteran seeking life insurance, we can help. We work with many of the top life insurance carriers in the marketplace today, and we can assist you in obtaining all of the information that you may need in order to move forward. When you are ready to proceed, all you have to begin your life insurance application is fill out the short form on this page..
Should you find that you still have some questions about qualifying for life insurance with paraplegia – or even if you just have a question about life insurance in general – then please feel free to contact us directly. We can be reached via phone, toll-free, by dialing 888-229-7522.
We understand that finding life insurance may seem to be somewhat overwhelming – especially if you have a health issue like paraplegia, and you have been turned down for coverage in the past. But the good news is that now, there are many more avenues that are open to you – and you have an ally on your side. So, contact us today – we’re here to help.