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Qualifying for Life Insurance with Pericarditis
If you’re thinking about applying for a traditional term or whole life insurance policy, by have pericarditis – or have had it in the past – you are probably wondering how to go about it. You may also want to know:
- What’s the first step?
- Am I going to have to pay more for my insurance?
- Can I be denied because I’ve suffered from pericarditis in the past?
- Which insurance company would be the “best” to apply with?
We’ll if so…
Keep on reading because in this article, we’re going to try to answer many of the most common questions we’re frequently asked by individuals who have been diagnosed with a pre-existing medical condition like pericarditis.
Without further ado, let’s being our discussion by first defining exactly what we mean when we talk about folks who have been diagnosed with pericarditis.
What is Pericarditis?
As you may know, the best way to figure out the meaning of a medical word is to break it down into parts:
Cardio: of the heart
Using this, we know that pericarditis is a swelling around the heart. To be more specific, it’s the inflammation of the pericardium, which is the sac that holds the heart.
What causes pericarditis?
It’s not 100% sure, but most scientists and doctors believe a viral infection causes pericarditis.
That being said however, there are other possible causes as well including:
• Heart attack,
• Autoimmune diseases,
• Uremic pericarditis,
• Bacterial infection
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Symptoms of Pericarditis.
When you have pericarditis, you will experience chest pain. Usually, this is a sharp pain that can last as long as a few months.
Treatment of Pericarditis.
The way to treat pericarditis is to get rid of the root cause. If it was caused by a virus, you must clear up the virus. The same is true for bacterial infections.
Treatment options include:
In worse cases, procedures like:
• Pericardiocentesis (drain fluid in the heart)
• Pericardiectomy (remove the pericardium)
Now at this point…
We usually like to remind people that we are not doctors nor are we medical professionals. All we are is bunch of life insurance agents who just happen to be really good at helping folks who have pre-existing medical conditions qualify for the life insurance that they’re looking for.
If you looking for medical advice, we would recommend that you give your doctor a call or go visit a hospital. But if… you’re just looking to qualify for a qualify life insurance policy… Well then keep on reading!
Qualifying for Life Insurance with Pericarditis.
Because the outlook for pericarditis can be quite good, qualifying for a traditional term or whole life insurance policy doesn’t always have to be as tough as you might think it is.
If you’ve suffered from pericarditis but are now fully recovered you really shouldn’t have that much trouble qualifying for coverage, you may even be able to qualify for a Preferred or Preferred Plus rate!
Now in order to be able to qualify for such a rate, you should have great overall health and have no questionable lifestyle choices (i.e. you must be a non-smoker, have no felonies, etc).
Most life insurance companies like you to have been recovered from an illness for at least six months, and sometimes up to two years. This is to ensure there are no further complications or possible relapses lingering on the horizon. Knowing which “category” you’ll fall into will be one of the first things we’ll want to determine once we begin looking at “our” options.
But what if your…
Pericarditis was a little more complicated? Or you continue to suffer from residual affects due to your pericarditis? Well, in cases like these, you’ll probably not be able to qualify for a Preferred rate no matter how healthy you are now.
In cases like these…
You’ll likely be offered what is called a Table rate, or may simply be denied coverage entirely! Now at this point, you're probably wondering...
What is a Table Rate?
A Table rate is a life insurance rate that is reserved for anyone who does not qualify for a Standard Rate or above. The table rate scale is quite wide – ranging from Table A-J. Where you fall on the table scale will depend largely on your current health. Minor details can push you down a letter (i.e. making your life insurance premium more expensive) whereas semi-major to major health issues can really have a negative impact on your life insurance rate.
What kind of things can impact your Table Rate?
Whenever you apply for life insurance, there is a series of questions that life insurance agencies will want to know the answers to. You will likely even have to:
• Undergo a medical exam,
• Give a blood test,
• Give urine samples,
(Assuming that you don’t apply for a no medical exam life insurance policy)
The results of these, along with how you answer medical questions, will all impact your Table Rate.
Qualifying for a Table A Rating.
Sometimes it’s impossible to qualify for a Table A rating due to your circumstance. However, there are a number of times that someone settles for a life insurance Table Rate below an A when they could have actually got an A.
How did they get a bad rating?
Well, they simply didn’t know which life insurance company was right for them.
Different life insurance companies rate differently. So, one of the most important things to securing a good rate is finding the life insurance company that is right for YOU.
Now we’d love…
To simply tell you which life insurance company is going to be right for YOU, but unfortunately there isn’t a “perfect” life insurance policy or life insurance company for everyone!
This is because…
The answer is different for different people. Believe it or not, even two people with similar reacting pericarditis may find different life insurance companies offer better rates for each person. That’s because you are more than pericarditis. Which is why, we need to take into consideration all of your medical information as well as lifestyle choices and then figure out which is the best for YOU!
If it turns out that you can't qualify for a traditional term or whole life insurance policy, you may need to change strategies and begin looking at alternative life insurance products such as a guaranteed issue life insurance policy.
The good news is...
That if you give us a call today, we can help you find the right life insurance regardless of what you can and can't qualify for.
We do this by:
• Asking you the same question that the insurance companies are going to ask,
• Comparing your answers to the different underwriting guidelines of dozens of different life insurance companies,
• Then giving you several options which we feel will provide you with the greatest opportunity for success!
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!