Life Insurance with Glaucoma
If you have glaucoma then you need to read this. Three important questions you need to ask are:
- Can I get life insurance if I have glaucoma?
- What will life insurance cost if I have glaucoma?
- What is the process of applying for life insurance if I have glaucoma?
Let’s begin with a brief overview.
Glaucoma is a group of eye conditions that lead to damage to the optic nerve.
Can I get life insurance?
The quick answer is, YES. Glaucoma is not considered high risk life insurance.
What is the cost?
That’s tough question since life insurance companies have about 16 different rate classes. What rate class you qualify for will ultimately determine your cost.
If you have no health issues apart from glaucoma then you can qualify for the best rate class.
If you are curious what your price tag would be you can view our life insurance rates by age chart.
What is the process?
You have two choices. The first would be a no medical exam life insurance policy.
At TermLife2Go we understand that you have a busy schedule and that fitting in a medical exam to qualify for life insurance just does not work. Our group of independent agents will run the quotes for you and let you know what you will pay for both non medical exam versus fully underwritten life insurance. Many times the cost between the two policies will be small and a non medical exam policy does not require a blood draw. High cholesterol and blood pressure are the most common reasons a policy comes back with a higher premium. If you are concerned about your blood work then paying a few additional dollars might very well save you money once your lab results come back. And a non medical exam policy approval is fast with some approvals in 15 minutes.
The second option is a fully underwritten life insurance policy requires a life insurance 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. 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!
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. As a consumer, it is in your best interest to work with an agency 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 insure that you are getting the best policy tailored to your specific needs.
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!
So what are you waiting for? Just give us a call to see just what we can do for you!