Qualifying for a traditional term or whole life insurance policy with a pre-existing medical condition like spina bifida is going to be a lot “trickier” than qualifying for a policy without any other “aliments”.
Now this doesn’t…
Mean that it’s going to be impossible, but it does mean that you’re going to want to be sure that your life insurance agent is one that familiar with your condition and is familiar with working with more “challenging” applications.
But don’t fret…
You see, here at TermLife2Go, we have plenty of experience working with individuals with pre-existing medical conditions like spina bifida and we have relationships with dozens of different life insurance companies so that when it comes time to helping these more “challenging” applicants, we don’t have to simply rely on one or two different options, we can make dozens of different companies “compete” for your business.
Well we hope so, but let’s first discuss why your spina bifida is going to be an issue to the life insurance companies and describe how we try to find you the best life insurance policy that you can qualify for.
So, what is Spina Bifida?
Spina Bifida is a birth defect of the spine. When the baby is developing, his/her vertebrae don’t form properly, and usually do not close all the way around the spinal cord.
How does Spina Bifida Impact Your Life.
There is a wide range of severity when it comes to spina bifida. Some people may have spina bifida that is very mild. In fact, they may not even know that they have it until they have to get a back x-ray for an injury or other reason. However, in its severe form, spina bifida can be totally debilitating. It can cause:
- Problems walking
- Numbness in limbs
- Lack of bladder/bowel control
Again, treatment will totally depend on severity. If your spina bifida is not very bad, then you may not need any treatment. But for children with more severe spina bifida, a person might have to undergo a lot of physical therapy.
Now we’ll be…
The first to admit that this isn’t much of a “description” of what spina bifida is, but remember, we’re not medical professionals and we’re certainly not doctors. We’re just a bunch of life insurance agents who happen to be really good at helping folks with spina bifida find life insurance policies that they can qualify for.
Qualifying for Life Insurance with Spina Bifida.
If you have spina bifida but have really never suffered any symptoms, then you may be able to qualify for a traditional term or whole life insurance. These types of policies will require you to take a medical exam, however for folks suffering from mild cases of spina bifida, taking a medical exam can often improve one’s chances at being able to qualify for a “better” rate.
Possible Rates: With known spina bifida, the best rate you can get is a Table A. Even with minimal or no symptoms, you may fall as low as a Table C rating.
Picking the right life insurance company matters!
Not all life insurance companies handle cases like spina bifida in the same manner. The rate you get will depend somewhat or entirely on the life insurance company you choose. Before you apply for term or whole life insurance with minimal deformity spina bifida, you should speak to an expert who can help you! Only an expert can point you to the right life insurance company for your specific case.
If you have more serious Spina Bifida.
Unfortunately, life insurance companies will see you as a risky investment. They will typically not underwrite a term or whole life insurance policy or a simplified no medical exam life insurance policy for someone with moderate or severe spina bifida.
You can still get life insurance!
Just because you will not qualify for term or whole life insurance with spina bifida doesn’t mean you have to give up your hopes and dreams to have life insurance. There’s still one more option: guaranteed issue life insurance
You WILL qualify for Guaranteed Issue Life Insurance…
Provided that you’re:
- A US citizen,
- You meet the minimum age requirements,
- And you live in a state where guaranteed issue life insurance policies are available.
Even people with the most severe form of spina bifida will qualify for guaranteed issue life insurance. As the name suggests…everyone and anyone will be underwritten for a guaranteed issue life insurance policy.
This means you’ll be insured even if you:
- Have trouble walking
- Need braces or support
- Have neurological damage
- Have had any other major complications
No matter what kind of health problems you have, you will qualify for a guaranteed issue life insurance policy.
Keep in mind…
Guaranteed issue life insurance isn’t as great as term or whole life insurance… But it is still a good option for someone who doesn’t qualify for term or whole life insurance.
Finding the right life insurance.
Whether you qualify for term or whole life insurance or you do not…before you decide to purchase a life insurance policy you should always, always speak to an unbiased life insurance expert.
What’s an unbiased expert?
This is someone who is not affiliated with a single (or even a handful) of specific life insurance companies.
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