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Getting Life insurance with arthritis…Made Easy!

Life insurance with ArthritisThere is no one size fits all company when it comes to arthritis. The key to finding the right company is to choose from among the best life insurance companies at underwriting high risk life insurance.

Life Insurance with Arthritis.

So you have arthritis and you need life insurance. No big deal, right? The reality is, it could be a very big deal from a life insurance underwriter’s point of view.

The key for arthritis sufferers is finding the most arthritis friendly life insurance company out there. That is where TermLife2Go comes in.


Getting Life insurance with arthritis…Made Easy!

For more information on how TermLife2Go goes the extra mile for our clients, please read TermLife2Go’s 4 Step Process for Getting Clients Approved for Life Insurance.

If you are shopping for life insurance with arthritis then you need to read this. Three important questions you need to ask are:

  1. Can I get life insurance if I have arthritis?
  2. What rate class can I qualify at for life insurance with arthritis?
  3. What is the process of obtaining life insurance with arthritis?

Let’s begin with a brief overview

Arthritis is an inflammation in the area where the bones meet, destroying joints and hampering or preventing movement. There are two main types of arthritis that life insurance companies will focus on: rheumatoid and osteoarthritis.

Rheumatoid arthritis is an inflammatory arthritis. It is considered an autoimmune disease. Basically, the immune system attacks the body’s own tissues, causing pain in the area where the bones meet (the joints). Roughly 1% of the U.S. population has Rheumatoid arthritis.

Osteoarthritis affects an estimated 27 million people in the U.S.  Occurs when cartilage breaks down, causing bones to rub together, which will ultimately lead to pain and loss of movement. It is the breakdown of the cartilage that defines Osteoarthritis.

Both forms of arthritis can be debilitating.

Can I get life insurance with arthritis?

The quick answer is, YES.

Ultimately, approval will depend on:

  • The type of arthritis you have,
  • how much discomfort or pain you are in,
  • what medications you take, and
  • the date you were first diagnosed.

If you have severe rheumatoid arthritis then you would want to consider a guaranteed issue life insurance policy where there is no exam and no health questions.

What rate class can I get for life insurance with arthritis?

Life insurance companies have about 16 different rate classes. What rate class you qualify for will also determine your cost. Also, choosing the right company for life insurance with arthritis will make a huge difference—the difference between receiving the best rate class possible with arthritis or being declined all together.

The following guidelines are based on applying with the most arthritis friendly companies available.

  • A client with osteoarthritis, who experience only mild pain, can expect to be considered for a preferred rate class.
  • The severity of the osteoarthritis will determine the rate class you receive. The more severe, i.e. the more it interferes with your activities of daily living (ADLs), the higher the risk you become. And the higher the risk, the more expensive the premium.
  • Most clients with osteoarthritis who experience moderate to severe pain can expect a rate class of standard and below.
  • Most well controlled clients with rheumatoid arthritis who take a non-steroidal anti-inflammatory drug will come back at a standard rate class, at best. The majority of clients will receive a table B or C rate class. If you take Methotrexate or Prednisone to treat rheumatoid arthritis then you can expect to receive a table B to table H rate class.
  • However, there are no fully underwritten policies available for more serious cases of rheumatoid arthritis, where the client experiences moderate to severe pain, or where the client is on disability. If you have severe rheumatoid arthritis then you would want to consider a burial life insurance policy where there is no exam and no health questions. Take a look at the best final expense and burial insurance companies.

Sample Life Insurance with Arthritis quotes for a male age 55

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$23.45
$34.04
$46.59
$60.38
$250,000
$46.59
$73.50
$80.39
$105.44
$500,000
$85.55
$138.20
$155.53
$205.63

Sample Life Insurance with Arthritis quotes for a male age 60

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$34.30
$51.54
$71.79
$93.98
$250,000
$71.09
$111.13
$128.30
$169.31
$500,000
$133.15
$210.70
$251.34
$333.38

Sample Life Insurance with Arthritis quotes for a male age 65

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$64.05
$88.38
$119.44
$157.50
$250,000
$131.47
$190.31
$240.84
$319.38
$500,000
$250.26
$364.90
$476.44
$633.50

Sample Life Insurance with Arthritis quotes for a male age 70

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$107.36
$150.85
$202.13
$267.75
$250,000
$226.41
$329.22
$404.58
$537.69
$500,000
$435.25
$641.27
$803.91
$1,070.13

Sample Life Insurance with Arthritis quotes for a female age 55

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$18.64
$26.33
$34.13
$43.75
$250,000
$35.35
$53.81
$66.94
$87.50
$500,000
$64.50
$99.45
$128.63
$169.75

Sample Life Insurance with Arthritis quotes for a female age 60

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$28.26
$38.06
$50.66
$65.80
$250,000
$51.65
$74.50
$96.47
$126.88
$500,000
$96.45
$142.00
$187.69
$248.50

Sample Life Insurance with Arthritis quotes for a female age 65

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$43.49
$57.63
$80.72
$105.88
$250,000
$80.28
$119.88
$149.63
$197.75
$500,000
$147.51
$202.84
$294.00
$390.25

Sample Life Insurance with Arthritis quotes for a female age 70

All quotes are based on a 10 year term

Face Amount
Preferred
Standard
Table B
Table D
$100,000
$69.21
$94.59
$127.97
$168.88
$250,000
$125.13
$159.06
$235.62
$311.96
$500,000
$239.85
$311.96
$465.08
$617.76

 

What is the process?

Choosing from among the best senior life insurance companies is a great start. From there, choosing from among the different types of life insurance will help determine the process for obtaining coverage.

A guaranteed issue life insurance policy might just be what the doctor ordered. If you have moderate to severe rheumatoid arthritis or you have rheumatoid arthritis and you are on disability, then this type of life insurance is your best bet. A guaranteed issue policy requires no medical exam and no health questions. Clients are typically approved within 72 hours.

A simplified issue, no medical exam life insurance policy might be available for mild to moderate arthritis sufferers. The more appealing type of no exam life insurance involves a serious of questions on your health and lifestyle as well as a background check on the prescription medications you take. However, there are other simplified issue no exam policies available that only ask a handful of health questions and do not run any background checks. What no exam policy you qualify will be determined by the severity of your arthritis and the medication(s) you currently take. Considering a no exam policy? See our article on exam versus no exam life insurance.

A fully underwritten life insurance policy requires a medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking and have taken in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk based on the severity of your arthritis. Your assigned agent at TermLife2Go will then follow up with you and let you know of your approval.

The entire process is handled by us so you can just sit back and wait for the life insurance carrier to complete your file. Speaking of life insurance carriers, not all life insurance carriers are the same when it comes to underwriting arthritis!

Not all life insurance carriers are the same

The life insurance industry is just like every other industry out there.  Competition is constantly driving insurance carriers to compete for your business.  As a result, carriers take on “niches” in an effort to earn market share. It is important to know these niches and it is important the agency you chose has the freedom to choose from multiple life insurance carriers so that you can be placed with the most arthritis friendly life insurance company out there.

As a consumer, it is in your best interest to work with an agency, such as TermLife2Go, that is not bound to any one carrier and will be able to shop your application to dozens of different companies available.  Only by doing this can you ensure that you are getting the best policy for clients with arthritis. A life insurance policy that is tailored to your specific needs and goals.

TermLife2Go

By working directly with TermLife2Go you will have an assigned agent dedicated to your application.  This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there! That way, we shop both the front end and back end of your policy. This allows us to guarantee you are getting the best company at the best price.

So, what are you waiting for?  Give us a call today or visit our Free Life Insurance quotes page and see what we can do for you!

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