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 insurance carriers that are more apt to take on applicants who have health conditions. There are even companies who will be able to help individuals who are looking to obtain life insurance for diabetics or life insurance with high cholesterol.
This can save you a great deal of time, and frustration, throughout the insurance buying process. It can also help you to find the financial protection that you need to ensure that loved ones are covered in case of the unexpected.
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 heart beats, 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. When applying for life insurance coverage, the underwriters will want to know as much as possible about your overall health.
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, as well as about your general health, such as your:
- Name and Contact Information
- Marital Status
- Occupation and Income
- Smoking Status / Tobacco Usage
- Alcohol Usage / Frequency
- Health History
- Family Health History
- Foreign Travel Frequency
- Other Life Insurance Coverage In Force (and the amount of coverage)
In addition, you will also typically be asked to take a medical examination. This is a usual part of the overall life insurance application process. 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.
It is probable that the insurance underwriters will also want to review your medical records so that they can get a more accurate view of your overall health. These records may be requested from your primary care physician and / or from any specialist that you may see due to your sarcoidosis condition.
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. Therefore, you may be asked to answer questions such as some or all of the following:
- 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 policy holder.
- 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 or 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.
- Have you had any type of relevant diagnosis lab testing performed within the past year? If you have had any type of relevant lab tests performed over the past year such as X-rays, MRIs, and / or CT scans, the underwriters may wish to review these, as they can help them to further review your health condition and get a more clear view of your overall health.
After all of your information has been received by the insurance company, it can be analyzed by the underwriters, 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” policy holders, and therefore, an “average” premium price that is in line with other average policy holders 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 policy holder.
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.
When you’re ready to move forward, we can help. We work with many of the top life insurance carriers in the industry, and we can help to point you in the right direction. If you’re ready to proceed, just simply fill out the form on this page.
If you still have additional questions, please feel free to contact us directly. We can be reached by phone, toll-free, by calling 888-229-7522. Getting life insurance with sarcoidosis may be somewhat of a challenge, but working with a specialist in high risk insurance can make the process so much easier. So, contact us today – we’re here to help.