Life insurance is one of the most important purchases that you can make for you and your family. If you were to pass away tomorrow, your loved ones would be left with thousands of dollars of debt because of mortgages, medical bills, funeral expenses, and much more. Buying life insurance can be a long and frustrating process, especially if you have a pre-existing condition. There are millions of Americans with health problems that need life insurance and think they can’t be approved, but that couldn’t be further from the truth.
If you’re looking for life insurance with sarcoidosis, we have great news for you. You’re in the right place and we know what to do in order to find you affordable coverage. If for some reason you were already declined because of the sarcoidosis, we can help you, too.
Finding affordable life insurance is not always easy, and dealing with any type of health concern on top of that only makes matters worse. TheLifeInsuranceBlog.com is here to help. We deal with pre-existing conditions on a regular basis and have great success at finding coverage for most concerns, even coverage up to a million dollar no exam life insurance policy.
Buying life insurance with sarcoidosis is no different.
Continue reading to learn more about what you can do to find a life insurance policy, discover how sarcoidosis affects life insurance underwriting, and best practices to getting the cheapest coverage. Are you concerned because you have other forms of health issues that are keeping you from finding the best life insurance policy, such as life insurance for diabetics, or life insurance with COPD, well we are here to help you find the best company to work with for your unique situation. You may have other conditions such as epilepsy and you’re searching for life insurance. It is our pleasure to assist you in this process.
Life Insurance With Sarcoidosis
Let’s first dissect sarcoidosis as a health matter so we can take a look at why it might become a concern for a life insurance underwriter, and to what degree.
According to the National Heart, Lung, and Blood Institute (NHLBI), sarcoidosis is:
Sarcoidosis (sar-koy-DO-sis) is a disease of unknown cause that leads to inflammation. This disease affects your body’s organs.
Normally, your immune system defends your body against foreign or harmful substances. For example, it sends special cells to protect organs that are in danger.
These cells release chemicals that recruit other cells to isolate and destroy the harmful substance. Inflammation occurs during this process. Once the harmful substance is gone, the cells and the inflammation go away.
In people who have sarcoidosis, the inflammation doesn’t go away. Instead, some of the immune system cells cluster to form lumps called granulomas (gran-yu-LO-mas) in various organs in your body.
Over 90% of all cases of sarcoidosis involve the lungs in some way. The syndrome can be both short term and long term, and it even relapses in many instances to where there are no symptoms. Unfortunately, there is a small chance the sarcoidosis could worsen, and even become debilitating. While there is less than a 10% chance of it happening, this is where is becomes very problematic for someone looking to buy life insurance with sarcoidosis.
When you apply for life insurance and sarcoidosis is a medical concern you have to list, the underwriter has to be sure you are not falling into that 10% who could develop a more serious case. The sarcoidosis can develop into other lung or respiratory diseases, and this can cause a large influx of risk for the life insurance company.
What To Expect When Applying For Life Insurance With Sarcoidosis
Now that you can see there is a definitive impact on your risk to the life insurance carrier, let’s discuss what you can expect when you apply. If you’ve already been turned down for life insurance with sarcoidosis, it’s either because you picked the wrong carrier to apply to, or you didn’t paint a clear enough picture for the underwriter to give yourself the highest chance of an approval.
- Preferred Plus – unavailable
- Preferred – unavailable
- Standard Plus – unavailable
- Standard – mild/relapse
- Sub-Standard – moderate/severe
- Decline – severe with complications/history
As you can see, even the mild or relapsed cases are void of discounted premiums.
The most common ratings we see do fall into the standard category because of the large amount of asymptomatic or relapsed cases. Life insurance with sarcoidosis, if it falls into these ranges, is approved by quite a few companies who are big players in the life insurance marketplace. If there is any sign of a moderate to severe case and you begin to fall into the sub-standard category, the best companies to work with really start to make themselves apparent.
Here are the common factors an underwriter is going to consider:
- Date of Diagnosis
- Age at Diagnosis
- Remission Dates
- Required Treatments
- Medications (Steroids in particular)
- Organs Affected
- Test Results (X-Ray, MRI, etc.)
- Other Health Concerns
If your particular case of sarcoidosis falls outside of the relapsed or asymptomatic range, the first things to be considered will be locations of the infected areas, as well as symptoms which are most prevalent. If the sarcoidosis affects lungs, heart or other major organs, your chances of securing the standard rating will be gone, and you’ll either be eligible for sub-standard or graded life insurance policies. The only standard life insurance with sarcoidosis cases are those where the affected areas are limited to skin.
Getting the Best Rates
Because you’re applying for life insurance with a pre-existing condition, you’re going to pay more for you insurance coverage than other applicants, but that doesn’t mean your policy has to break your bank. There are several ways that you can ensure that you get the best monthly premiums available to you.
The first way is to focus on your health. With sarcoidosis, you’re rates are going to take a hit, but the insurance company is still going to consider the rest of your health. If you want to try and get slightly better rates, it’s time to improve your health. You can do this through a diet and regular exercise. Both of these will have incredible affects on your life, like shedding weight, lowering your blood pressure, and lowering your cholesterol. Not only is this going to make your doctor happy, it’s also going to keep a couple of extra dollars in your wallet every month.
Another great way to get the best rates on your life insurance policy is by working with an independent agent. Instead of just representing one specific insurance company, they work with dozens of the best-rated companies across the nation. It’s vital that you find a company that has experience working with sarcoidosis.
Each company is different, they all have different rating systems and premium rates. Because each company is different, it’s important that you receive quotes from several companies to see which one is going to give you the best rates with sarcoidosis. You could spend hours and hours talking to different agents, or you can let us do all of the work for you.
If we can help you obtain a more accurate quote for life insurance with sarcoidosis, please don’t hesitate to contact us. We can pre-screen you to make certain we are giving you the best starting point to getting covered. If we don’t think you will be accepted for a standard issue life insurance policy, we can point you in the way of getting a guaranteed issue life insurance policy.
These policies work just like traditional life insurance plans, but you won’t have to go through the medical underwriting. If you have sarcoidosis, or any other severe pre-existing condition, these plans can help you get the coverage that you wouldn’t be able to get otherwise. The major downside to these types of plans is that you’re going to be paying more every month that you would if you went through the medical underwriting. While it’s going to be more expensive, you can’t put a price tag on the protection that you’ll be giving your family if anything were to happen to you.