Getting approval for life insurance may not always be an easy task for some applicants.
This can be due to having an adverse health issue. Because of this, the insurance underwriters may find you to be more of a high risk, which in turn, could be cause for a potential claim.
When this occurs, the insurance carrier may opt to make your coverage a higher premium price – or they may even deny you for coverage altogether.
However, working with a specialist in the area of high-risk cases can help you to find the flexible insurance carriers.
If you have sarcoidosis, you may fall into this category, and you may even have been turned down for coverage in the past. If so, we can help you with this and other medical conditions to find carriers and coverage that you may not have been able to find before.
How Sarcoidosis Can Have an Effect on Your Life Insurance Application for Coverage
Sarcoidosis is a type of inflammatory disease that can affect a number of different bodily organs, however, it primarily affects the lymph glands and the lungs. When you have sarcoidosis, abnormal masses, or “nodules – which are oftentimes referred to as granulomas – which consist of inflamed tissues – will form in various organs. These can actually alter the normal structure of these organs, and may even alter the functioning of them.
Those who are afflicted with this health condition can have a variety of different symptoms. These can include swollen and painful joints, blurred vision, red and teary eyes, a hoarse voice, the formation of kidney stones, an enlarged liver, loss of hearing, seizures, tender lymph glands, abnormal heartbeats, pain in the feet and/or hands, and even depression and/or dementia.
With some individuals, the symptoms of the disease may start to appear slowly over time. However, with others, the various symptoms can occur suddenly and/or severely and can greatly affect their health. Those who are most at risk of contracting sarcoidosis are individuals who are between the ages of 20 and 40 – and females tend to be diagnosed at a more frequent rate than men.
Due to the various symptoms that sarcoidosis can cause, this condition can typically have an effect on a person’s life insurance application.
What the Life Insurance Underwriters Will Want to Know About You
Applying for life insurance coverage will require that you fully complete an application for coverage. These applications may differ slightly from one insurance carrier to another. However, overall, the application for coverage will ask you for information regarding yourself, in addition, to taking a medical examination.
The medical exam usually lasts approximately 30 minutes and is performed by a paramedical professional. During the exam, you will typically be asked for additional health information. You will also be asked to submit a blood and a urine sample for testing purposes by the life insurance company.
Because of your sarcoidosis, you will also likely be asked additional, more in-depth questions by the insurance underwriters. This is also so that they can obtain more clear information regarding your condition, as well as how you are controlling and/or managing it. These are examples of questions you might be asked:
- When were you initially diagnosed with sarcoidosis? This question will be important to the insurance underwriters because the earlier in your life that you were diagnosed with this condition, the better it can oftentimes be monitored and/or controlled. In some cases, the individual’s granulomas may even have disappeared over time. If this is the case, then the applicant may be able to qualify for a Standard policy rating.
- Which of your organs/areas of the body are or were affected by your sarcoidosis condition? This question will help the underwriters to determine the seriousness of your condition. For example, if your major bodily organs are or were affected, then your coverage may be approved as a Substandard (or not accepted, depending on the severity). However, if you have a much more mild case of the condition, then you may be eligible to be rated as a Standard policyholder.
- Within the past 6 months, have you experienced any symptoms of your sarcoidosis condition? This question will also help the insurance underwriters in determining the severity of your sarcoidosis condition. Oftentimes, this will also be dependent upon the actual organs or bodily area that is or was affected by the disease.
- Do you have a history or relapse? The underwriters will also want to know if you have a history of relapse. This is because they need to know if your condition is in its initial stages, or if it is more of a recurring diagnosis. If it is recurring, they will also need to know the frequency in order to more appropriately determine a policy rating.
- How are your currently controlling and/or managing your sarcoidosis condition? The underwriters will want to know what steps you are and/or have been taking to control and/or manage your condition. This can include any medications that you may be taking. If you are taking any type of medication, the underwriters will want to know what the medications are, as well as the amount of dosage.
- Have you ever been hospitalized due to your sarcoidosis? This question will help the underwriters in determining the severity of your condition.
After all of your information has been received by the insurance company, it can be analyzed by the home office, and a determination can then be made regarding coverage, as well as an appropriate premium price.
How Much Will Your Coverage Cost
If it is determined that your case of sarcoidosis is mild, then it could be possible to qualify as a Standard policy rating. This would place you into a policy class with other “average” policyholders, and therefore, an “average” premium price that is in line with other average policyholders who are in your same gender and age range.
However, if it is determined that you have a more serious case of sarcoidosis – yet not serious enough to decline your coverage altogether – then you may be placed into either a Mild Substandard or a Substandard policy category. In this case, you would still qualify for life insurance coverage. However, your premium rate would be more than the average policyholder.
How and Where to Obtain the Best Quotes for Life Insurance with Sarcoidosis
In seeking the best quotes for life insurance with sarcoidosis, it is always a good idea to work with a company or an agency that has access to multiple insurance carriers. That way, your case will be open to many more potential insurers.
We’d love to be the agency that helps you protect your family from future financial disaster. Our high-skilled agents work efficiently to make sure your time is wasted.
We put together a great quote comparison sheet that plainly lays out the options available to you. Contact us today at 888-2297522 to get sstarted.