If you’re in the process of buying life insurance with arthritis, you may be surprised how easy you can find a policy if you know where to look. Not every persons arthritis is the same, so depending on your personal situation, you can expect different results. In fact, the type of arthritis and the severity are going to have a significant impact on the rates that you get from the insurance companies. If you’ve ever been turned down for coverage, or received quotes that you couldn’t afford, don’t be discouraged. There are still plenty of affordable life insurance options for you. If you have questions about other types of insurance such as declining term life insurance we can help you find the answers you are searching for.Life insurance is one of the one important purchasing decisions that you can make for your loved ones, but it can be a long and difficult search, especially if you’re dealing with arthritis. There are thousands of different companies to choose from, and all of them have different types of policies that you have to evaluate, but it doesn’t have to be that difficult. We can help you find your policy, and we’ll sift through over 50 companies to make sure you get the best quotes.
Reading below will give you a better idea of how to prepare yourself before you buy. The more informed your decision, the better policy you may be able to buy.
Life Insurance With Arthritis
According to the Arthritis Foundation,
Arthritis is actually a complex family of musculoskeletal disorders consisting of more than 100 different diseases or conditions that can affect people of all ages, races and genders.
Over 50 million people in America deal with some form of arthritis, among them 300,000 children.  You can see how applying for life insurance with arthritis has to be narrowed down first before you can know what rating a policy can be given.
Using an independent agent like ourselves, we can walk you through a pre-screen to find out your current condition, your symptoms, and other valuable information so we can get you applied with the right carrier. This is paramount to getting not only the most affordable coverage, but getting it from a company who is familiar with what you’re going through. Every company is unique.
Life insurance with arthritis starts with defining your type. From simple forms to advanced, characterizing your type could immediately determine your insurability. Here are a few of the most common types:
- Rheumatoid Arthritis
- Septic Arthritis
Your arthritis can also be dependent. For example, you may have arthritis as a result to some other pre-existing condition. Health concerns like psoriasis, lyme disease, and hepatitis can all cause different forms of arthritis. When you’re buying life insurance with arthritis this, of course, will also be taken into account. Each health disorder can have a cumulative effect on your premiums. When you get a quote, you’ll have to consider this. However, there are companies who offer up to one million dollar no exam life insurance policies, or even life insurance policies for individuals with COPD, so don’t let health issues stop you from getting the insurance you need. Do you have other conditions such as lupus and wondering if you would qualify for life insurance with lupus? We can help answer these questions and many more. Let us help you in your search.
What The Insurance Carrier Is Looking For
While each insurance company is going to offer a life insurance policy differently, their underwriting styles and guidelines will vary. Most of the questions which will be asked in regards to your arthritic history, they’ll be slightly altered in nature per application. Here are a couple:
- What is the original date of your diagnosis?
- What type of arthritis do you have?
- Are you taking medications?
- What physical part(s) of you is/are affected most?
The date and type of arthritis will have the largest impact on your ability to buy life insurance with arthritis. For example, if you’ve been told you have rheumatoid arthritis, there’s a good chance you’ll be given standard or sub-standard rates in the best case scenario. In some cases, you could be declined.
Osteoarthritis is much more likely to be insured at good rates, but it’s dependent on alternative health issues. Remember, your entire health is important. As long as your osteoarthritis has little to no impact on daily life and you apply early on, you could get standard rates, and even some discounts like standard plus and preferred premiums. Are you overweight and wondering if you can get life insurance for overweight people? We can answer this question and help you find the coverage you deserve.
Daily Activity With Arthritis
If your daily activities are at all impaired because of your arthritis, you might find it much more difficult to find the best rates on the market. This is because arthritis can be progressive quickly, which could greatly affect your overall quality of life, as well as life expectancy. The life insurance carriers are keeping this in mind, as they can only take on certain levels of risk.
Things like inflammation in joints, bones and muscles matter. Visits to a doctor, taking a prescription drug or other forms of medicine matter. When building your profile, the insurance company will consider flare ups, stiffness as a symptom, a relapse, pain levels, when you were diagnosed, how severe it is, view your medical record from a specialist, and many other things.
Your lifestyle is what they need to consider. If you use a simple anti-inflammatory, and daily life is causing you no bad ailments, you’ll have a much easier time with little inconvenience. If an inflammatory isn’t enough, swelling and discomfort bug you all day, and you suffer any form of disability from the arthritis, the case is the opposite.
Aside from your arthritis, the insurance company is still going to look at your overall health. After you choose a company, they are going to send a nurse or paramedic to do a short medical exam to see how your health is. During this exam, they are going to look at your blood pressure, cholesterol, weigh you, take a blood sample, and also take a urine sample. The results from the exam will play an additional role in determining how much you pay for your coverage. Which is why opting to purchase a no medical exam policy requires higher premiums, as they are not guaranteeing the state of health you are in.
Using An Independent Agent
Using an agent who has access to a larger mix of companies will give you the opportunity to not only find coverage, but you’ll be able to compare among all of the major and reputable insurance companies who aggressively underwrite for people with arthritis. Life insurance with arthritis is very dependent on carriers. Each company is different, and all of them are going to look at your arthritis differently, some will view it more favorably than others. Some issue with great rates, others will deny you.
You could spend hours on the phone talking to companies if you try and receive all of the quotes yourself, but don’t waste your time. Our agents can bring all of all the lowest quotes straight to you. Using one of our independent agents is the best way to ensure that you get the best rates for your life insurance coverage.
The Importance of Life Insurance and how much you need
It’s easy to see why life insurance is so important. If you were to pass away, your family would be left with all of your debt. They would be responsible for paying for your mortgage, student loans, car payments, and everything else. You would leave your grieving family with thousand and thousands of dollars in bills, on top of all of the funeral expenses.
Not only is it vital that you have a policy, it’s important that you have enough coverage as well. Not having enough coverage could still leave your loved ones financially strained if you were to pass away. There are two main factors that most people need to consider when deciding how much life insurance to buy, their salary, and their debts.
As we mentioned, one of the main goals of life insurance is to give your family resources to pay off any final expenses. Sit down and add up all of the debt they would be left with, and make sure that you purchase an insurance plan that will at least pay off that number.
The other factor to consider is your salary. How many people rely on your annual income? What would happen if they didn’t have that paycheck every month? One of the other purposes of life insurance is to replace your salary and relieve and financial loss that you family would suffer from your passing.
If you or someone you know need life insurance with arthritis, we’ll be happy to help guide you along. We’re knowledgeable and have experience in working with many high risk life insurance capacities. If you have any questions about life insurance, please feel free to contact us at any time and we would be happy to answer those questions for you. Contact us today for an unbiased, free quote.