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Qualifying for Life Insurance with Lupus Erythematosus.

When you apply for life insurance, everything about your medical situation will be scrutinized. Any past illnesses will typically come up and life insurance companies will take it into consideration before underwriting your life insurance policy.

  • So, what if you had lupus erythematosus in your past?
  • What if you have it now?

This is what we will discuss in this article, so if you’ve been diagnosed with lupus erythematosus and you’re looking to purchase a life insurance policy, keep on reading.

Because hopefully…

We’ll be able to answer some of the questions you may have about what it will be like to qualify for a traditional term or whole life insurance policy after being diagnosed with a pre-existing medical condition like lupus erythematosus.

Now that first thing that we want to do is…

First define what we mean by having lupus erythematosus.  After all, it’s tough to have a discussion about a medical condition without first understanding exactly what that medical condition is, right?

So what is lupus erythematosus?

Well, for the purposes of our discussion here, we’ll keep things brief by simply stating the lupus erythematosus is an autoimmune disorder.  An autoimmune disorder that can attack ones’:

  • Skin,
  • Organs,
  • Brain,
  • And blood,

Symptoms of Lupus erythematosus can include:

  • Arthritis
  • Fever
  • Rashes
  • Swelling of joints
  • Fatigue

Now there are…

Several “types” of lupus ranging from:

  • Neonatal lupus (happens in newborn babies)
  • Drug-induced lupus (medications),
  • And Lupus erythematosus

However, when people use the term “Lupus”, generally they are referring to Systemic Lupus Erythematosus (SLE). Which can be divided up into several different categories including:

  • Systemic – happens between 14-45; most common
  • Discoid – chronic skin disorder (may have systemic as well)
  • Subacute cutaneous – skin has lesions from sun

So…

When it comes to qualifying for a traditional term or whole life insurance policy, one of the first things that an insurance company is going to want to know about is:

“What type of lupus do you have?”

You see, if you simply suffer from discoid or subacute cutaneious lupus, without any further complications, there’s a pretty good chance that you may be eligible for a preferred rate when applying for coverage.

However…

If you suffer from systemic lupus, you may still qualify for a traditional term or whole life insurance policy, only now your chances of being able to qualify for a Standard or better rate are going to be very slim.

In fact…

In order to qualify for a traditional term or whole life insurance with SLE, most (if not all) life insurance companies are going to want to see that your currently in remission and have been so for a minimum of 2 years and… that you’re not suffering from any “complications” as a result of your condition.

Now if this describes you…

Should “theoretically” be eligible for coverage only now, you’ll be considered a “higher risk” applicant and will most likely qualify for what is called a table rate.

Table Rates.

Table rates are life insurance rates that are generally reserved for higher risk applicants.  In total, there are 10 different table rates that an individual can qualify for ranging from Table A (which is the “best” or most affordable table rate) to Table J (which would be considered the “worst” or most expensive table rate.

The good news for…

Those who are two years free and clear from their last lupus “attack” is that they would “theoretically” be able to qualify for a Table A rating.  Now the trick is knowing which insurance company will be willing to offer you a Table A rating.

Getting a Table A rating…

Not all life insurance companies will give you a Table A rating, even if your lupus has been at bay for two years. There are other things that will impact your rate, causing you not to get Table A:

  • Minor and major health concerns
  • Bad habits/ Vices (smoking, drinking, etc)
  • Weight, Blood pressure
  • Felonies

These are just some things that will cause you to fall down the ladder of Table rates.  Now at this point you’re probably asking yourself:

“What’s the best way to figure out which insurance company is going to offer me the best rate?”

Which is a great question!

One that has two possible answers.

  • The first option is, you could become an expert in the life insurance industry and spend weeks if not months researching all the different life insurance companies out there.

Or

  • The second option would be to work with a life insurance brokerage that has already done your homework for you and can help you find the best life insurance policy that you can qualify for.

What we do…

Here at TermLife2Go, we’ve chosen to remain an independent life insurance brokerage.  A life insurance brokerage that works with dozens of different life insurance companies so that when we’re presented with a more “challenging” application like one with a pre-existing medical condition like lupus erythematosus we should have plenty of options to choose from so that we’re not “stuck” hoping that just one or two different insurance companies are going to be the “best” fit for you.

Now will there be some people that we simply can’t help? 

Sure, there will.  But that’s not going to stop us from doing our very best to exhaust ever available option before we quit!

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

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