For those who are currently having a difficult time getting approved for life insurance, you may also want to read the following articles which focus on difficult to place insurance policies: Final Expense and Burial Insurance companies, Best No Medical Exam Life Insurance Companies
Life Insurance with Osteoporosis
If you have Osteoporosis then you need to read this. Three important questions you need to ask are:
- Can I get life insurance with osteoporosis?
- What will it cost?
- What is the process?
Let’s begin with a brief overview.
Osteoporosis is a progressive bone disease that’s characterized by a decrease in bone mass and density which can lead to an increased risk of fracture. The most common form of osteoporosis is referred to as primary type 1 and is scene in postmenopausal women. Primary type 2 osteoporosis or senile osteoporosis occurs after the age of 75 and is seen in both male and females patients.
Secondary Osteoporosis may arise at any age and affect men and women equally. This form results from chronic predisposing medical problems or diseases, or from prolonged usage of medications such as glucocorticoids.
Can I get life insurance with osteoporosis?
The quick answer is, YES.
Ultimately, your high risk life insurance approval will depend on:
- the type and severity of the disease,
- when you were diagnosed,
- the type of treatment you are receiving,
- if you are a tobacco user,
- how well it is being controlled and
- for how long.
What is the cost?
Many well controlled clients will come back at a standard rate class. If your symptoms are mild then you probably fall into this category.
If you experience moderate pain then you will probably be rated below standard. The pricing on substandard rate classes varies so it is imperative that you speak with a licensed professional at TermLife2Go who understands the inner workings of the various life insurance providers.
If you are curious what your price tag would be, simply enter your information and see what a standard rate class would be for your age and gender.
What is the process?
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 types of life insurance policies 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!