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Charcot Marie Tooth Disease and Life Insurance
Applying for life insurance under any circumstances can be stressful, but when you have an inherited neurological disorder, it can be even worse. If you suffer from Charcot-Marie-Tooth disease and want to apply for one of the different types of life insurance policies, you may not know where to begin. There are many things you should know before you apply for a policy, so you’ve come to the right place to get the answers you need.
Life insurance with Charcot Marie Tooth Disease
What is Charcot-Marie-Tooth disease?
Charcot-Marie-Tooth is a fairly common neurological disorder. It is a hereditary disease that affects a person’s sensory and motor nerves. As a result, a person with Charcot-Marie-Tooth disease will likely have:
- A weak lower body with underdeveloped muscles
- Difficulty with running
- A lack of lower body coordination
- A limited range of motion in the ankle
- An “off” step that leads to frequent falls or tripping
- Inverted legs
Later in life, the disease may progress to affect the upper body, fingers, hands, and tongue. In most cases, Charcot-Marie-Tooth is not a fatal disease. This makes successfully applying for high risk life insurance more likely than other diseases which are possibly fatal.
When are life insurance companies concerned with Charcot-Marie-Tooth disease?
Although Charcot-Marie-Tooth disease is not considered to be a fatal disease, the more severe your case is, the more likely you are to die of an accidental death. When your motor skills are badly compromised, your risk of falling down the stairs, choking, slipping on ice and experiencing other such accidents is much higher. Just as a life insurance agency charges skydivers a higher premium due to the added risk associated with the sport, they will also probably do the same for a severe case of Charcot-Marie-Tooth disease. In rare instances, the severity of a person’s disease may even lead to rejection.
What should I expect when I apply for a life insurance policy with Charcot-Marie-Tooth disease?
In almost all cases, you will be asked to give a physical examination as part of your application process. Additionally, your life insurance agent will probably ask you some questions to get to know more about your exact situation and your medical history. As an applicant, it is your responsibility to answer the questions as truthfully as possible. Failing to be honest during the application process could put the validity of your policy on the line when your loved ones go to cash it out. To help you prepare for your life insurance application process, we have put together a list of questions an agent might potentially ask you.
- When were you diagnosed with Charcot-Marie-Tooth disease?
- When did you first start showing symptoms of Charcot-Marie-Tooth disease?
- What form of Charcot-Marie-Tooth disease do you have?
- Have you had any diagnostic tests done in the last one year? If yes, what were the results?
- What symptoms do you experience?
- Which symptoms (if any) began only in the last twelve months?
- Have you had any kind of surgery for Charcot-Marie-Tooth disease?
- What kind of therapy or treatment plan are you currently using?
- Do you wear an ankle brace or other orthopaedic device?
- What is your prognosis?
After assessing your health and lifestyle, a life insurance company will decide if they would like to underwrite your policy. As stated, in the majority of cases it should not be a problem obtaining a life insurance policy with mild or moderate Charcot-Marie-Tooth disease. Those with severe cases should speak to an expert prior to applying for a burial insurance policy to explore other options, such as applying with one of the best final expense insurance companies.
What if I have been denied a life insurance policy previously or I fear I may be denied?
It is important to understand that every life insurance company has its own guidelines for deciding when to underwrite a policy and when not to. Even if you have applied and been rejected, you still may be able to get a policy through another life insurance company. If you have not applied, but are afraid you may be denied it is important to find the life insurance company which has the highest probability of underwriting your policy.
Most of the time, it is quite difficult for an individual to know which life insurance agencies will be the most likely to approve their policy. In fact, it isn’t even possible to make a one-size-fits-all recommendation for Charcot-Marie-Tooth patients by simply looking on the internet. This is because finding the right life insurance company requires carefully considering all variables at the individual level.
To ensure you have the highest chance of securing a life insurance policy, you should speak with an expert at TermLife2Go. We represent your best interests by learning about your health, medical history, lifestyle choices, policy preferences, and budget before we make a life insurance recommendation. We then use our extensive knowledge of the policies offered by dozens of the top life insurance companies in the United States, and recommend the policies best for you. This helps you not only to get approved for a life insurance policy, but to get approved for the best life insurance policy for you.
So, what are you waiting for? Give us a call today or visit our Term Life Insurance Quotes page and see what we can do for you!