Qualifying for life insurance with any kind of pre-existing medical condition can be difficult – the more serious, the more difficult. But TermLife2Go is here to help.
If you are looking for life insurance with hypogammaglobulinemia, then you’ve come to the right place. We’ll start by: helping you understand:
- Defining what hypogammaglobulinemia is.
- Explain what the process of applying for life insurance will look like for someone who has been diagnosed with hypogammaglobulinemia.
- Try to explain what one should expect during the application process.
- And discuss some “alternative” solutions if it turns out that you can’t qualify for a traditional term or whole life insurance policy.
So… Let’s get started!
What is Hypogammaglobulinemia?
This is a disorder of your immune system that can occur at birth or arise later on in life. Basically, the prefix “hypo” means low or slow… In this case low gamma globulins.
And why does this matter?
Well it matters because, gamma globulins, help fight infections. Since you have less of them, your immune system isn’t as strong as a “normal” immune system may be.
How do you get Hypogammaglobulinemia?
If it’s not present at birth AKA congenital, you can develop hypogammaglobulinemia from:
- kidney malfunction
- gastrointestinal problems
Applying for term or whole life insurance with Hypogammaglobulinemia.
Yes, you can apply for either of these types of life insurance even with hypogammaglobulinemia.
You will only be insured with term or whole life if this is congenital (at birth). If you have hypogammaglobulinemia due to any other medical issue such as cancer, it’s most likely going to be impossible for you to qualify for life insurance. See the bottom of this article for other options!
Back to Congenital cases..
Many life insurance companies will insure you. You will likely have to undergo:
- A medical exam
- Urine samples
You will also have to provide info on:
- past hospitalizations
- past surgeries
- Family medical history
- Major episodes/infections/sicknesses
The life insurance company will decide what rate to insure you at. Remember: it’s not only your hypogammaglobulinemia that will impact your life insurance rate. Other things about your health and your family’s health will impact your rate!
Can you qualify for a Preferred or Standard rate?
Probably not, after all, because you have lo gamma globulins and a weak immune system, you’re going to be considered a “higher risk” for insurance.
Now does this mean that you’re going to be forced to pay some outrageous amount for your insurance?
No, but it does mean that you’re going to need to be more diligent in your search for insurance and you’re probably going to want to seek out insurance carriers that “cater” to those with pre-existing medical conditions like Hypogammaglobulinemia.
Most common rates for those with Hypogammaglobulinemia.
Typically, what you’re going to find is that most applicants applying for life insurance with Hypogammaglobulinemia will most often qualify for what is called a “Table Rate”.
Are insurance rates that fall below Preferred and Standard rates and are typically reserved for “higher risk” applicants. In total, there are 10 different table rates one can potentially qualify ranging from Table A (the best and most affordable table rate) all the way to Table J (the “worst” and/or least affordable table rate).
The good news is that…
Most applicants who are able to qualify for a traditional term or whole life insurance policy after being diagnosed with Hypogammaglobulinemia will generally qualify for at Table A to Table H rating.
You are in generally decent health and have only minor complications due to your hypogammglobulinemia it’s quite possible that you could qualify for a Table A rating which would be great!
However, if you are pretty symptomatic…
And if your gamma globulins are really low and you have ongoing health problems, then you will go further down the table. The amount of problems you have will determine whether you get a B, C, D…all the way to H rating.
If you have serious hypogammglobulinemia…
Or, like we mentioned earlier, have other medical problems that caused it in the first place, you may not qualify at all. Life insurance companies will see you as a high-risk person, and can’t offer you term or whole life insurance.
At this point…
We do like to point out that even if you can only qualify for a Table H rate, it’s important to understand that a lot of individuals due to a wide range of causes simply can’t qualify for traditional coverage at all.
So, don’t get too upset! Getting approved for coverage is an accomplishment, it means that your insurable, now we just need to find a company that will match that approval with a great price!
We do want to take a moment and discuss what someone can do if in fact there Hypogammaglobulinemia or some other condition is preventing them from being able to qualify for a traditional term or whole life insurance policy. For these folks, it’s important to understand that there are “alternative” life insurance options available that will not discriminate against them due to some type of pre-existing medical condition.
These “types” of life insurance policies are called Guaranteed Issue Life Insurance policies and in some cases, can provide an excellent alternative for those who cannot qualify for a traditional life insurance policy.
Finding the best life insurance…
Regardless of how “severe” your Hypogammaglobulinemia may be, one thing is for sure, you’re going to want to choose to work with an insurance expert that is familiar with your condition and has dozens of different life insurance companies to choose from when it comes time to helping you find the best life insurance policy that you can qualify for.
So, what are you waiting for? Give us a call today or visit our Online Life Insurance Quotes page and see what we can do for you!