If you are a person with Hepatitis C, and you’re looking for life insurance, there are specific things which underwriters will need to know when reviewing whether or not to offer you affordable coverage. In some cases, you may find a policy which is right for your situation, however you could also be declined.
Luckily, we can help you have the best possible chances of buying term life insurance with Hepatitis C. The process is more in depth than a person who is healthy, but with a little patience, we can help match you with a carrier who is willing to be more aggressive.
We understand that finding a life insurance policy with health concerns or not can be a dauting task. We are here to help you find the coverage you need whether that includes a traditional policy, a no medical exam policy, a guaranteed issue policy or even life insurance with Cerebral Palsy, we will help you find the coverage you need.
Even if you’ve been declined for life insurance in the past, there are several ways that you can get affordable life insurance coverage. Your hepatitis C diagnosis shouldn’t prevent you from getting the life insurance protection that your family deserves. If you need life insurance today and Hepatitis C is a concern, read on to discover what we’ll be asking you for before you apply.
Buying Term Life Insurance With Hepatitis C
Whether this is your first time trying to buy term life insurance with Hepatitis C or you’ve been declined before now, we can probably help you. If you were declined, it’s likely you weren’t matched correctly with the right company from the start. This can sometimes make all the difference in a great rating, and failing to get approved.
Before we help you apply, we’re going to ask some very pointed questions to identify your situation as best as possible. This will not only help us provide you with the best, most accurate quote, but also give you realistic expectations so you can be prepared before applying. Here are some of those questions:
- What was your date of diagnosis?
- When were your last liver enzyme tests? What were the results?
- Was a liver biopsy part of your last test? If so, what were your results?
- Have you ever tested positive for cirrhosis?
- Do you use any alcohol?
- Are you prescribed regular taken medications?
- What other areas of your health are a concern?
When you apply for life insurance, your overall health tied with your past history will determine a rating. If your rating is good, it affords you a cheaper policy, but if you are rated too severely, you might get denied.
Your diagnosis dates are key, as with most major health conditions, because it can give the underwriters a better idea of how long you’ve been able to maintain with your Hep C, or if you’ve been unsuccessful at keeping it at bay. If your health is stable, and a history is well established, you can expect better rates than a newly diagnosed case of Hepatitis where treatment is not yet regimented.
Your liver enzyme tests and any biopsy examinations performed are your major benchmarks when buying term life insurance with Hepatitis C, so having these numbers as regular and maintained as possible are absolutely key to getting coverage. Some carriers will not even review a case if the numbers are too far askew.
Your history with alcohol or recreational drugs can also play a major factor in your ability to qualify. If there is a history of drug or alcohol abuse, you might find it very difficult to get covered, especially without a harsh rating or flat extra fee. Both of these “penalties” will end up costing you a hefty amount.
Applying for term life insurance with Hepatitis C is three basic steps:
- Complete a pre-screen for evaluation and accurate quote
- Apply with the correct life insurance company
- Complete the medical and be patient
Most other life insurance agents won’t pre-screen you. They’ll offer the best quote they can find as fast as possible. While they think they’re doing you a service, it’s a setup for failure. The pre-screen for impaired risk life insurance is perhaps the most key element. If we don’t know exactly what we’re dealing with, and you end up applying with the wrong carrier, the entire process was a waste.
Working with an Independent Insurance Agent
The best way to get affordable life insurance is to compare dozens and dozens of life insurance before you decide which one is best for you. Because every insurance company is different, you’ll get drastically different rates depending on which company you get the quote from. Comparing companies could be the difference in getting an affordable policy or paying for a plan that’s going to break your bank every month.
Because there are hundreds of companies on the market, you could spend days calling different companies to get quotes, or you can let one of our independent insurance agents do all of the hard work for you. Unlike a traditional insurance agent, independent brokers work with dozens of highly rated companies across the nation. When you work with an independent insurance agent, you will get access to dozens of quotes from insurance companies across the nation. Not only will you get all of those quotes, but you will also get unbiased advice and guidance.
Not only can we help you find the perfect life insurance plan, but we can also help you decide which kind of policy is going to work best for you. There are several different types of life insurance, and all of them have different pros and cons that you will need to consider. An independent insurance agent can help walk you through the decision process to decide which plan is going to give you the coverage that you and your family need.
How Much Life Insurance Should You Buy?
Aside from finding the cheapest life insurance and getting the best kind of plan, it’s vital that you purchase enough coverage for your family. Not having enough life insurance could leave your family with additional bills and expenses that they wouldn’t have the money to cover. Before you apply for life insurance, it’s vital that you determine how much protection that your family will need.
The first number that you should add into the equation is your debts and final expenses. The primary goal of your life insurance policy is to give your family the money that they need to pay off any bills that they would be responsible for if something tragic were to happen to you.
The next number that you should add in is your annual income. The secondary goal of your life insurance policy is to replace your monthly paycheck. If you’re one of the main sources of income in your home, your family would suffer financially if you were to pass away, but that’s where your insurance protection comes in. Your life insurance coverage gives your family the money that they need to get through the difficult time without suffering financially.
The last factor that you will need to consider is your final debts and burial fees. While nobody wants to plan their own funeral, it’s important that you think about the bills that your loved ones would be responsible for if you passed away. A funeral can cost up to $10,000 or even more. Those bills can be difficult for a grieving family to cover, but that’s where your life insurance comes in.
If you have Hepatitis C and you’re looking for life insurance, or have already been declined for life insurance, contact us and we’ll be happy to take you through our process. Our process is very seamless and thorough, and you can expect us to be open and honest about your possible insurability. If we don’t think you can be approved, we’ll tell you.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your family deserves. If something were to happen to you, and you didn’t have life insurance coverage, your family would be responsible for a mountain of debt and other expenses. Losing someone that you love is never going to be easy, but being stranded with a massive amount of debt is going to make the whole situation a thousand times worse. If you have any questions about getting life insurance with hepatitis C, please contact one of our agents today. We would be happy to answer those questions and connect you with the best possible plan.