medications

Apache is functioning normally

While everyone understands the importance of life insurance, very few people follow through and actually purchase a plan. Nobody wants to think about his or her own death, but not planning for it is an awful mistake.

It can be daunting to obtain life insurance after you have had a major illness.

High deductibles and even higher premiums can make getting decent insurance seems almost impossible.

However, breast cancer survivors are becoming more and more insurable thanks to medical advancements and a stronger prognosis and survival rate.

It is not likely that you will be able to obtain an insurance policy if you are currently being treated for cancer or undergoing chemotherapy or radiation, or if you have been diagnosed with advanced stage breast cancer.

However, if you have been diagnosed with stage one breast cancer, the outlook on obtaining life insurance with cancer is much better.

For more advanced cancer, say, stage 2 or above, some life insurance companies may require that you have been in remission for at least 3 years. At the very minimum, they may require that three years have passed since your last treatment without signs of advancement.

New Research on Breast Cancer Favorable for Life Insurance Applicants

However, new research has shown that many breast cancer survivors can have a mortality rate that very closely matches the general population. In other words, being a breast cancer survivor does not mean that your life expectancy is shorter than someone who has not been diagnosed and treated for breast cancer, provided you seek proper treatment.

This does not mean that if you have been diagnosed with breast cancer you have to wait years to get the cheap term life insurance or should expect massive premium increases, though. More and more often, early detection and treatment are the keys to survival, and since awareness has increased, screenings are more common, and treatments have improved, it is completely possible to have a very good prognosis as a breast cancer survivor, allowing you to obtain life insurance, or even switch companies if your companies rates begin to skyrocket.

Declined for Life Insurance?  Don’t Get Discouraged

Don’t be discouraged if you get turned down initially. Some companies shy away from insuring “high risk” clients, including those with medical diagnosis such as cancer, but also those with high-risk jobs (offshore workers) or poor family history (generations of heart disease).

This does not mean, though, that you as a breast cancer survivor are necessarily high risk to insure, and many companies are starting to recognize that.

Some companies are better for high-risk applicants. These high-risk companies have tons of experiencing working with breast cancer applicants and can give you a quality and affordable life insurance policy.

Client Case Study

We had a female client that was looking for burial expense and to pay off her mortgage.  She was initially diagnosed with Stage I breast cancer in 1986 and then had a mastectomy.   In 1993 she had radiation and oral chemo therapy for 5 years.   According to her doctor, she’s currently Stage 0.  She gets regular mammograms and even more importantly has no family history of breast cancer.

Note:  For a female applying for life insurance that doesn’t have breast cancer, she can still be rated if her mother was diagnosed with it.  Even more so if it was a young age.

In this women’s case, our underwriter felt comfortable rating her at Standard (possibly Standard Plus) since the occurrence was well over 10 years ago.

Many of the top term life insurance companies are now changing their underwriting guidelines so that even clients with a history of breast cancer diagnosis and treatment can obtain a more favorable rating. A more favorable rating means less of a wait to obtain insurance, as well as lowered premiums and deductibles.

Since the prognosis for breast cancer survivors has improved so greatly, and, as mentioned earlier, the mortality rate is comparable between breast cancer survivors and the general population, life insurance is completely attainable if you find a company that understands this prognosis.

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Life Insurance Breast Cancer Questionnaire

1.      Date of diagnosis, date of last treatment.
2.      Exact name of the type of breast cancer that has been diagnosed.
3.      What is the stage of the cancer?

  • Stage 0, Ductile carcinoma-in-situ
  • Stage 0, Lobular carcinoma-in-situ
  • Stage 0, Paget’s disease of nipple
  • Stage I
  • Stage II
  • Stage IIIA
  • Stage IIIB
  • Stage IV

4.      Was the cancer graded?  If so, what grade was assigned?

  • Grade I
  • Grade II
  • Grade III
  • Grade IV.

5.      How has the cancer been treated?  Please check all that apply.

  • Excisional biopsy (limited excision)
  • Lumpectomy (wide excision)
  • Partial Mastectomy
  • Modified Radical Mastectomy
  • Radical Mastectomy
  • Radiation Therapy
  • Chemotherapy
  • Hormone Therapy
  • Bone Marrow Transplant

6.      Does the proposed insured take any medications at this time, yes or no?  If yes, please name the medication, dates used, quantity taken, and frequency taken.
7.      Has there been any evidence of recurrence?  If yes, please share details.
8.      Has there ever been any kind of other cancer diagnosed for the proposed insured?
9.      Does proposed insured have any other medical conditions?

Each of these questions will impact your chances of getting life insurance for high risk people and how much you will pay for your coverage.

There are a lot of different factors that the insurance agent will review when you’re applying for life insurance. Your breast cancer diagnosis is a major part of it, but it’s not the only factor that they are going to look at. Just like with every other applicant, they are going to want an overall picture of your health. This is why they require a medical exam.

During the exam, they want to know your blood pressure, weight, and heart rate. Additionally, they will take a blood sample and urine sample. All of these are going to be used to determine how good or poor your health is. The better the results form the medical exam, the higher your chances of getting cheaper coverage.

There are several different things that you can do to improve your chances of getting life insurance and getting a more affordable life insurance policy. While there are some things that you can’t change, like your family history or if you are 50 and looking for life insurance coverage, there are some aspects that you can improve, which increases your chances of getting lower insurance rates.

If you want cheaper coverage, you have to do some shopping around. Each company has different views on applicants with a history of breast cancer. Some companies have much better standards, and you need to shop with one of those companies.

There are 6,000 carriers. Most are going to automatically decline you because of breast cancer. You could spend several days sifting through the companies. Or you can work with an independent agent to take that work off your plate.

Source: goodfinancialcents.com

Apache is functioning normally

In order to get life insurance from any long term illness it is necessary to work with doctors and try to get any condition under control. The better that your health is and the better that you follow your doctor’s orders, the higher chance you have of getting a life insurance policy at an affordable rate.

This includes listening carefully to doctor’s instructions and making the necessary lifestyle changes to gain control of the problem.

If insurers see that a condition is being properly managed then there is a chance that policy seekers can attain a lower premium. Patients may want to wait a while and make sure they are in good health before applying for a low cost term life insurance policy.

Always have the doctor write down a patient’s progress as time goes by. This will be a good record for life insurance companies.

Having life insurance is very important, especially for those with families. Those who are head of the household should not have to worry about leaving behind massive debt for their loved ones should the worst happen.

Every person with a family should have life insurance to protect loved ones from the added burden of dealing with financial stress. It is already hard dealing with the loss of a loved one, but dealing with financial stress should not be something that anyone has to go through during times of mourning.

The first thing that you need to add up is your debts. Those debts are going straight to your family when you die. This can overwhelm your family and leave them under a mountain of debt. Add up your mortgage payment, car bills, and any other unpaid expenses that your family members would have to pay off. You not providing them the insurance protection that they need.

Another factor that you should think about is your annual salary. They will inherit your debt, but lose your salary. Get enough coverage to replace the paychecks.

Life Insurance For High Risk Conditions

Life insurance may include higher premiums for those who have illnesses, especially when dealing with Cardiomyopathy. It is always best to work with insurance companies and let them know about any condition. As long as underwriters see that patients are doing their best to manage any disease then chances are that they will receive a favorable outcome in their policies.

There are various reasons why life insurance companies will increase rates for policy holders with illnesses; one of them includes viewing the sick as a potential liability. Let’s face it. If you have a high risk condition, then the insurance company will rate you as such. Does that always mean you should pay the highest rate? Not necessarily. That’s one perk in working with an independent life insurance agent that has the ability to work with high risk companies.

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Term Insurance with Cardiomyopathy

In order to get the right policy, it is best to shop around and compare rates. Get an upfront quote and ask directly how much a policy will cost for someone with Cardiomyopathy. Doing some research will increase the chances of getting a life insurance policy. There are even some insurance companies that will work with those who are suffering from long term illness.  Others will not help with a standard policy but will approve those with long term illness on a no exam term life policy.

Keep options open and keep looking until a policy fits within budget range. Life insurance should not be an overly expensive pursuit, even for those who have long term illness. If a higher rate is quoted then try looking elsewhere. Life insurance seekers are consumers, and they do not have to settle for a higher rate if it something they are not comfortable with.

Not every insurance carrier is the same. Some specialize in working with clients with serious health problems, event those with cardiomyopathy. Finding the right company could mean the difference between getting an affordable plan or getting declined for coverage.

There are options for those dealing with Cardiomyopathy. As long as insurance companies see that a person’s health is being managed properly then they have a chance of getting a lower premium policy. Always consult with a doctor when dealing with any illness and take the necessary measures to become healthier.

Questionnaire When Applying For Life Insurance

As mentioned above, it’s important to be upfront with your independent life insurance agent when you have a health condition such as cardiomyopathy.  Before we even apply, we want to make sure we get all the appropriate info to make sure we get you with the right company.  The below is a questionnaire that the underwriters will want before they will insure you.   Make sure you have all the info before you apply.

  • 1.      Date of diagnosis.
  • 2.      The condition has been diagnosed as:

a)      Dilated cardiomyopathy
b)      Myocarditis
c)      Myocardial fibrosis
d)      Myocardial degeneration
e)      Congestive cardiomyopathy
f)      Hypertrophic cardiomyopathy
g)      Idiopathic hypertrophic sub-aortic stenosis
h)      Alcoholic cardiomyopathy
i)      Peripartum cardiomyopathy
j)      Restrictive cardiomyopathy

  • 3.      Provide dates if any of the following tests or procedures that have been done to evaluate the condition.

a)      Resting EKG
b)      Thallium stress EKG
c)      Holter monitor
d)      Stress EKG
e)      Echocardiogram
f)      Chest x-ray

  • 4.      Is there any family history of heart disease or premature death due to heart disease?
  • 5.      Name of medications, prescription or otherwise, taken.  Please identify dates used, quantity taken, and frequency taken.
  • 6.      Are there any other conditions that may impact life insurance underwriting?

All of these questions (and your answers) are going to change the premiums you get and how the company looks at your application. After you’ve answered these questions, the insurance carrier can get a completed picture of your health and they can decide how much to charge you.

Even if you have a pre-existing condition, there are plenty of life insurance options for you. Nobody should ever have to go without the coverage that they need.

Source: goodfinancialcents.com

Apache is functioning normally

There are a number of characteristics that come with having ADHD including inattentiveness, fidgeting, and typically issues with organization. These are the traits associated with ADHD that do not cause a rise in insurance rates.

On the other hand, those with more severe cases of ADHD that have issues tied to more serious problems such as drug abuse, alcoholism, depression, risky patterns of behavior, and overall addictive personalities.

It is patterns of behavior such as these that lead to much higher insurance premiums.

What is ADHD?

Attention Deficit Hyperactivity Disorder, or ADHD, is a mental health disorder that affects people of all ages. According to the CDC over 6 Million children have been diagnosed with ADHD.

It is characterized by difficulty focusing, impulsivity, and hyperactivity which can have a significant impact on daily life. Common symptoms associated with ADHD include inattention, short attention span, inability to complete tasks on time, disorganization, and restlessness.

Component Description Of ADHD
Definition A neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsiveness.

Symptoms Inattention (e.g., difficulty focusing on tasks, forgetfulness), hyperactivity (e.g., excessive fidgeting, restlessness), impulsiveness (e.g., acting without thinking, interrupting others)

Diagnosis Made by a healthcare professional based on a comprehensive evaluation including a thorough medical history, physical examination, and psychological testing.

Causes The exact cause of ADHD is not known, but it is thought to involve a combination of genetic, environmental, and neurological factors.

Treatment May include medication, therapy, lifestyle changes (e.g., exercise, healthy diet), and support from family and friends.

The exact cause of ADHD is still unknown but it is believed to be related to genetic and environmental factors. Treatment for ADHD typically includes a combination of medications and behavioral therapy.

Does ADHD Affect Getting Approved for Life Insurance?

The good news for those with ADHD is that affordable insurance companies usually don’t consider it to be a medical underwriting problem unless it can be in some way tied to an external condition. In the case that a person is suffering from a mild case of ADD and does not suffer from another sort of disorder, they will usually have no issue obtaining insurance.

The main goal of a medical underwriter is to determine whether or not a person with ADHD is susceptible to other unhealthy habits or tendencies that would be considered a risk to the insurance company.

The spokesperson for Metlife recently said that people who have ADHD can potentially receive the “best insurance rating“. Additionally, he stated that if there is some external factor outside of the person’s control, they can still qualify for a standard rating. The cost of this plan is about 100 percent higher than a normal plan so it is not ideal.

Other factors such as addictions or criminal records in addition to having ADHD would usually disqualify a person from receiving any type of insurance. With this being said it is important to know all of your options going in as well as have a qualified insurance agent who will be able to locate the best possible plan.

Life Insurance Ratings with ADHD

The following bullets outline the general qualifications that people fall under in order to receive different types of life insurance.

  • Preferred Plus: Sufferers of ADD are definitely capable of receiving a preferred plus status and it is not necessarily a rare occurrence. Someone with ADHD can qualify for this status is they suffer from mild ADD and show no other signs of mental or mood disorders. Medical underwriters also like to verify that there have been no previous hospitalizations nor drug or alcohol abuse.
  • Preferred: Anyone who qualifies for preferred plus also qualifies under this status. It is meant for those who are not employed usually.
  • Standard: Most likely applied to mild to moderate sufferers of the illness. As is the case with preferred plus, there must be no history of hospitalization nor drug use. It is usually the case that people falling under this category are users of some form of ADD medication. Some insurance companies even allow the use of mild depression medications.
  • Substandard: This is saved for those with moderate to severe cases of ADHD. This is usually determined by a close examination of medical records. Stronger medications used for ADHD are typically associated with some under this status.
  • Declines: Anyone who has been recently hospitalized or is otherwise suffering from addiction would be declined life insurance.

What if You Get Denied for Coverage?

All is not lost if a person with ADHD is either denied insurance or offered it at a steep premium though. Medical underwriters want to see that a person has their illness managed, the length in term of the illness is really a non-factor.

Those who partake in at least a year’s worth of treatment or have otherwise gotten their problems under control with medication can reapply for insurance at that time.

Extensive research has allowed for ADHD to be treated so this is a very viable option for anyone in this particular case.

Time is of the essence when treating any condition and it is certainly no different with ADD. The earlier it is detected, the more time a person has to learn the best methods for treatment and management. This is especially important in adulthood when it comes time to obtain a life insurance policy as it will end up saving you thousands.

Four and a half million people were diagnosed with ADHD in 2020 and since then, the diagnosis rate has been consistently climbing at 3% per year. Of these yearly diagnoses, 60% will still have ADHD into adulthood.

How Much Life Insurance do you need?

Before you start calling companies or looking at options, you need to do some basic groundwork. Do the math to figure out how much insurance your spouse and children need.

To start, gather all of your bills and major debts and combine them. Whatever the number is, this is your starting block. Make sure your life insurance plan is larger than this number.

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The next thing you’ll need to multiply your annual income by 7 to 10. Not only will your family get your debts, but they will no longer have your salary to pay off those debts. Make sure your life insurance can replace your paychecks for several years.

Are you trying to get life insurance with ADHD? Give us a call, we can make it quicker and easier than trying to do it alone.

Bottom Line – ADHD Term Life Insurance

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With these facts under consideration, it is important to know all of the information when it comes to getting insurance. Time is the most valuable tool when it comes to treating ADHD. Learning how to treat and manage ADHD is the end goal when trying to obtain affordable life insurance.

You can help yourself get the lowest insurance rates for you and your family’s protection. One of the first ways you can do that is by making some healthy lifestyle changes to improve your overall health.

The medical exam is how the insurance company determines your health and then your premiums. The better your health is during the exam, the better premiums they will grant you.

If you’re dedicated to getting those lower premiums, you’re going to have to make some changes to your health. Mainly your diet and your physical exercise. Make better diet choices and get up and go for a run.

If you’re really dedicated, you can make some even more improvements. If you’ve been smoking for several years, you’ve probably tried to quit in the past. It’s hard, but it’s worth it. Quit smoking and you’ll see your life insurance premiums cut in half.

Each insurance company has different systems for rating their applicants with ADHD, which means you could receive drastically different quotes from various carriers. It’s easy to see why it’s important to get quotes from dozens of companies.

FAQs on Life Insurance Approval with ADHD

I have ADHD, can I still get approved for life insurance?

Yes, individuals with ADHD can obtain life insurance coverage. However, insurance companies may consider individuals with ADHD as higher risk, which could result in higher premiums or difficulty obtaining coverage.

How does ADHD affect how much life insurance premiums are?

The severity of symptoms, medication usage, and overall health can impact life insurance premiums for individuals with ADHD. Insurance companies may view individuals with severe symptoms or those who are not receiving adequate treatment as higher risk and therefore, charge higher premiums.

Is it necessary to disclose ADHD diagnosis to the insurance company?

Yes, it is important to disclose any ADHD diagnosis to the insurance company as it can impact the coverage and premium rate offered.

Research Articles Cited

  1. CDC.gov (n.d.) Data and Statistics about ADHD. Retrieved from https://www.cdc.gov/ncbddd/adhd/data.html

Source: goodfinancialcents.com

Apache is functioning normally

A key component of any financial plan includes securing and protecting your credit scores by minimizing the threat of identity theft. It can often take dozens or hundreds of hours to clean up your credit after your identity has been stolen. However, the real financial threat is much greater. Take an example of a mortgage refinance.

Let’s say your credit has been badly damaged by identity theft and during the process of cleaning up the mess, mortgage rates move to historic lows (much like we’ve seen during the first quarter of 2010).

However, you can’t refinance to the lower rate because of your damaged credit. In this scenario, you could lose tens of thousands of dollars in the missed opportunity to lower your mortgage rate.

The vast majority of identity theft still happens the old-fashioned way:

  • People You Know
  • Theft of a Wallet or Purse
  • Mail Theft and Dumpster Divers

People You Know

Unfortunately, victims of identity theft are most likely to have their identity stolen by somebody that they know. Roommates are the most common culprits. Roommates often will not have a personal connection to you and will not have any compunction about stealing your identity. While they live with you they have access to your mail, will learn where you keep personal documents, and may even have access to a wallet or purse you might accidentally leave out.

However, even homeowners are not immune to identity theft from people they know, including children, grandchildren, and friends of children and grandchildren. These family members do not start off intending to hurt you, but if they get into drugs, start hanging out with bad friends, or get into other trouble they often times will try to get money the easiest possible way; from you.

Keep Your Info Private

Whether you live with roommates, or if you have teenage or adult children or grandchildren staying with you, invest in a locking file cabinet and a safe. Even if you trust your children or grandchildren, you can’t always trust their friends. Any documents that have your Social Security number on them should go in your safe. Other critical papers like passports and birth certificates should also go in the safe. Use the safe to store credit cards you don’t often use. Finally, if you have written down any pin numbers or passwords, these should go in your safe. Documents with account numbers (bank statements and brokerage statements) can go into your locking file cabinet. Account numbers by themselves are not enough to steal you identity so these documents can have a slightly lower level of protection.

Theft of a Wallet or Purse

This is harder to control since most often these types of thefts happen when you inadvertently leave your purse somewhere, or when a professional criminal lifts the contents out of your purse or lifts your wallet in a crowded area. The main vulnerability in these situations is that the criminal has your ID and most likely your credit cards. Precious hours can pass before you realize that your purse or wallet is missing. During these times, sophisticated criminals will have already stolen hundreds or thousands of dollars on your credit cards. The long term vulnerability is the possibility that the criminal will use your ID and credit cards to apply for other credit cards. However, this will be difficult if they don’t have your Social Security number (however, they will have your date of birth from your ID).

Simple to Ways to Protect Yourself

  • Never carry your Social Security card in your wallet or purse. Always leave it at home in your safe.
  • Make sure your Social Security number is not on your driver’s license or other ID.
  • Also, never carry more than one or two credit cards with you. If you have more than two credit cards, leave the rest at home in your safe. That way, if your wallet or purse is stolen, when you call and cancel the stolen credit cards you still have other credit cards in your safe that you can use.
  • Once you realize your wallet has been stolen, immediately call and cancel the stolen credit cards.
  • Next, call the police and file a report. Do this before you even get home if you can. As soon as you get home, notify the three credit bureaus (Equifax, Experian, and Transunion) that your wallet has been stolen and give them the information from the police report. This will enable them to add a 90 day freeze to your credit. You can extend this freeze later, but the main thing is you want to do is contain any damage that may happen on the day of the theft.

Mail Theft and Dumpster Divers

Many homeowners have a standard unlocked style mailbox in front of their home. These mailboxes make it easy for criminals to steal your mail. The main things criminals are looking for are boxes of checks being mailed to you from your bank, prescription medications, and credit cards mailed to you. Checks are the biggest vulnerability since criminals can start using these right away. Criminals who steal mail usually have the ability to make a passable fake ID to use when they try to use your checks.

Less common are criminals who go through your trash to find valuable information since going through your trash is pretty distasteful, even for identity criminals. Most criminals will only go through your trash if they already have other information about you.

Protection From Identity Theft

If you currently have an unlocked mailbox in front of your home, replace it with a locking mailbox. It is best to look for a mailbox with a capacity to take small packages like boxes of checks and prescription medication. Next, invest in a heavy duty cross-cut type shredder. I recommend shredding any credit card offers you get in the mail before throwing them in the trash. Basically, anything you get in the mail that has a form you can fill out to apply for something, shred it before throwing it away.

Check your credit regularly

Federal law requires that the three credit bureaus provide you one free credit report every year. The website the credit bureaus have created to meet the requirements of the law is www.annualcreditreport.com. I recommend checking your credit there each year. There are lots of advertisements for companies supposedly offering free credit reports but most of these are misleading and require you to sign up for some service before they give you your credit report. Stay away from these offers and keep with the government required service at www.annualcreditreport.com.

I also recommend signing up for a credit monitoring service. These services charge every month (usually between $10 and $15 per month). Sign up for these services directly with one of the credit bureaus. Credit monitoring services will notify you by e-mail whenever somebody has made a credit inquiry, or whenever a new account is opened. Also, they will e-mail you every month with a status report, even if there has been no activity.

Taking these simple steps will help safeguard your good name and will protect the things you have worked so hard for!  Make sure to protect my ID.

Matt Prestwich is a freelance writer and an expert on identity theft. You can find more of Matt’s writing on his Fightclub Blog.  Matt is not endorsed or affiliated with LPL Financial.

Source: goodfinancialcents.com

Apache is functioning normally

After a stroke, it becomes more difficult to get life insurance. A stroke is a serious medical event and the chance for more issues afterward is so high, life insurance companies need to be careful. However, even though a stroke is quite serious, it is still possible for many applicants to still get life insurance. Improve your chances by putting together a strong application. Your policy will depend on the severity of your stroke plus your current health.

In this article, we will look at the underwriting rules for life insurance after a stroke so you can get prepared.

Life Insurance Underwriting After a Stroke

As an applicant who has had a stroke in the past, you’re going to have to answer some questions most applicants won’t:

  • What was the date of your stroke or strokes?
  • Was it a full stroke or a mini stroke (Transient Ischemic Attack)?
  • What tests or studies were done after the stroke (CT Scan, MRI Scan, Carotid Ultrasound, etc)
  • What were your symptoms at the time of the stroke?
  • Do you have any lasting neurological deficits or other residual effects from the stroke?
  • Do you have any other conditions that increase your chance of another stroke like hypertension, diabetes, coronary artery disease, or high cholesterol?
  • What medications are you taking due to your stroke?

Common medications for after a stroke include: Aspirin, Plavix, Anticoagulants, Statins, and High Blood Pressure Medication.

If your insurance agent gets the answers to these questions, they can present your application in the best light. If your application is missing information about your stroke, it raises a red flag for the insurance underwriter, and your chance of rejection or badly rated policy jump up.

Life Insurance Quotes After a Stroke

A major factor for your life insurance application is whether you had a full stroke or a mini-stroke, known as a Transient Ischemic Attack or TIA. A TIA has the same symptoms of a stroke, but doesn’t result in any permanent neurological damage. A full stroke causes brain damage. As a result, underwriting is easier if you’ve only had a TIA.

However, both conditions make it more likely for repeat stroke problems so they both create issues for life insurance. You generally need to wait at a year after your stroke before you can apply and the longer you go without a repeat incident, the better your rating.  The rating you get on your policy depends on your answers to the previous questions as well as your life insurance company’s underwriting standards. While each policy has different standards, here are some general standards to give you an idea about your future insurability.

  • Preferred Plus:  It is not possible to get a preferred plus rating after a stroke, even a mini-stroke. The health problems that caused the stroke, the residual effects, and the risk of future issues are too much for applicants to qualify for the best insurance rating.
  • Preferred:  Likely impossible after a stroke. In very rare cases, someone with a TIA may qualify for a preferred rating if he is in perfect health otherwise and it is possible that his TIA was a misdiagnosis.
  • Standard:  Best possible rating for applicants after a stroke. Must have been at least six years since the stroke without any other incidents plus have no other health problems.
  • Table Rating (substandard):  Most applicants applying after one year of the stroke but within six years of the stroke. Rating will depend on the lasting damage of the stroke and on the applicant’s health. Applicants that had a TIA may be able to get a rated policy six months after the incident.
  • Declines: Automatic denial when applying within 6 months of a TIA or with 1 year of a full stroke. Other health problems, repeated strokes, or a family history of heart and stroke problems could also lead to a decline.

Stroke Insurance Case Studies

The way you handle your life insurance application makes a big difference. Here are some examples of clients we’ve worked with in the past.

Case Study: Male, 47 y/o, non-smoker, Single incident of TIA at age 41. Taking aspirin as a precaution. No lasting damage or other health issues. Possible misdiagnosis.

This client went to the hospital one night complaining of stroke-like symptoms like numbness, dizziness, and a speech impediment. The doctor treated him for a TIA but it wasn’t 100% clear if this was the case. Unfortunately, this treatment showed up on the client’s medical records, which insurance companies check. This applicant had received a Standard rating, but we thought he could better. We had him go to his doctor to have some tests done to check his neurological health. His exams showed he was in perfect health and he submitted this new information along with another application. This move helped him get a Preferred policy.

Case Study #2:  Female, 55 y/o, had a full stroke at age 53, former smoker, recent lost weight and reduced blood pressure, taking high blood pressure medication.

She wasn’t focusing on a healthy lifestyle and it caught up to her as a full stroke at age 53. Since the stroke, she lost a good amount of weight and started taking medication for her blood pressure. This hard work paid off as she became much healthier. However, her past health problems were still giving her trouble so she was only qualifying for very expensive policies. We recommended she go see her doctor and have him write a letter talking about her improved health. By submitting this letter along with her application, she got a Table Level 1 Policy, the best rating before Standard.

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Getting an Affordable Life Insurance Plan

Your past stroke is only one factor of the whole application. There are plenty of other ways you can improve your rates. You already have a red flag on your application, you want to polish up the rest. This could mean getting in shape, quitting smoking, cutting out other bad habits, and much more.

Each company has various ways of looking at applicants with a stroke. Some are going to decline your application on the spot, while others will still give you a plan you can afford. Because there are 6,000 companies out there, you’ll have to find one with good underwriting from strokes.

The best way to compare these companies is to work with an experienced agent with the ability to give you plenty of quotes all at once.

Source: goodfinancialcents.com

Apache is functioning normally

If you’ve had a heart attack, you might think life insurance is out of reach.

While your heart attack will definitely make qualifying more difficult, there are still many companies that would consider your application.

The key to getting insured is a smart application. Good preparation gives you a much better chance of getting a policy at a fair rate.

Finding life insurance can be a long journey. If you’ve had a heart attack, it’s going to be even more difficult, but we are here to help.

In this article, we’re going to take a look at the underwriting standards for someone with a heart attack.

 

Life Insurance Underwriting After A Heart Attack

Your insurance agent should ask a number of questions about your heart attack:

  • When was your heart attack?
  • What health problems led to your heart attack?
  • Did you have any procedures to prevent future problems like coronary angioplasty or a bypass?
  • Has your condition and health improved since the heart attack?
  • Do you have a family history of heart disease and have any close family members died of heart disease?
  • Are you a smoker?
  • What medications are you taking for your condition?

Common medications for after a heart attack include:

  • Beta Blockers
  • Cholesterol medication such as statins
  • Nitrates
  • Thrombolytics

None of these prescriptions are going to cause you to be declined depending on the rest of your health.

You want the insurance underwriter to get as clear a picture of your current health situation as possible.

The underwriter is much more likely to reject giving you a policy given your past health problems if you don’t give them all the info.

Life Insurance Quotes After A Heart Attack

When you apply for life insurance after a heart attack, insurance companies will want to thoroughly research your current health. This is because they want to determine whether you’re likely to have another heart attack.

It’s a good idea to wait a couple of years after your heart attack before applying for coverage. This gives your condition time to stabilize plus gives you a chance to improve your lifestyle. Each company has their own rating categories, but here are some basic categories you’ll see:

  • Preferred Plus: Impossible. A heart attack is just too serious a health problem for you to qualify for this rating.
  • Preferred: Also likely impossible. Regardless of how much your health improves, insurance companies will still be too worried about your past heart attack.
  • Standard: In rare cases, you might get this standard policy. To get this rating, your heart attack must have been very mild, it must have been several years since the attack.
  • Table Rating (substandard): Your most likely rating. The rating you receive will depend on the time since you had your heart attack, your current health at the time of your application, the treatments you took for the heart attack, and whether you have a family history of heart disease.
  • Declines: You should expect a decline if you’re a year or two of a heart attack Also, applicants that have a poor lifestyle, other health issues or have a family history of heart disease could be declined because of the high chance of future heart attacks.

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Life Insurance Case Studies After A Heart Attack

While your life insurance application always matters, it becomes particularly important after a heart attack. To help hammer this home, here are some stories of clients we’ve worked with in the past.

Case Study #1: Female, 66 years old, does not smoke, had a heart attack at 63, taking Beta Blockers and Statins, and no other pre-existing conditions.

She had a mild heart attack when she was 59. As soon as she got out of the hospital, she tried to buy a life insurance policy. She was denied because she applied too soon. The agent didn’t’ clearly explain why she was rejected so she just assumed she couldn’t get life insurance.

When she contacted us, we suggested she try again as more than enough time had passed since her previous attack. We also recommended she request an EKG to test the current state of her heart as the applicant was in fairly good health. By trying again, this applicant received a rated level 1 policy, the best level before a standard rating.

Case Study #2: Male, 64 years old, had a heart attack at 55 years old, former smoker, improved weight and overall health since the diagnosis, started regularly seeing his doctor at age 60.

This applicant was in poor health. He smoked, was overweight, and had high cholesterol and blood pressure. This lifestyle eventually caused him to have a heart attack at 55. For a few years after his heart attack, the applicant continued his bad habits. However, at age 60, he quit smoking, started seeing his doctor regularly, and dramatically improved his health.

His applications were rejected. We thought this was because insurers weren’t accounting for his better health. He was devastated, but we need the next steps to take. We told him to go to his doctor and ask him to write a note which described his improved health. We included the note with his application and was able to get a rated policy.

Before You Apply

While getting life insurance after a heart attack isn’t easy, it’s definitely possible. It all starts with a good application. To make sure you handle this process correctly, you can work with a qualified broker that understands your medical condition.

If you’ve suffered from a heart attack, you already have a red flag. The life insurance company will scour your application for any other risk factors. You want to clean up your application.

Before you apply for life insurance, you need to get in shape. If you’re carrying any extra weight, the insurance company sees you as a risk for another heart attack. They are going to jack up your premiums because of your weight. The lower the weight on your scale, the lower your premiums can be.

Another thing to do before you submit an application is to find a company that favors applicants with a heart attack. There are companies out there who offer lower premiums than other companies.

Source: goodfinancialcents.com

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Before making a commitment to their clients, life insurance companies require you to take a medical exam in order to find out the best policy for you.

To get the best possible coverage without having to pay a stiff price, you must have an idea how to pass the life insurance exams.

You have a few options when getting your medical exam but most opt for a paramedic exam to be performed at their home or place of employment.

Whichever the case may be, you should follow the proper steps on how to pass your life insurance exam as it could significantly change the cost, quality and coverage of your life insurance.

1) Know What To Expect

If you have relatives or friends who have been into medical exams from the same life insurance company, ask what tests were included. You may also get information from the insurance company by asking what you would need to bring and what you can and cannot do on the day prior to the exam.

If applying for a life insurance policy through us, here’s what you can expect.  We will schedule a free medical exam (if required) at a convenient time and location for you. The qualified medical examiner will:

  • ask you medical questions;
  • measure your height, weight, blood pressure and pulse; and
  • collect blood and urine specimens.

2) Detoxify

Having a fiber-rich diet and taking a lot of fluids will really help in flushing out toxins from your body. Do not drink coffee, tea or soda as caffeine will make you look bad on the results. Stop smoking and drinking alcohol. Having high levels of nicotine or alcohol in your system will make them consider you a high-risk client and will certainly not help in getting the best insurance policy. If you have a pre-existing condition, reference our resource page on getting approved for high risk life insurance.

Warning: Do not smoke or chew tobacco a few days before the exam. I actually had a client that did this even though they aren’t typically a smoker and it more than doubled their rate. Life insurance rates for tobacco users is not cheap!

3) Watch Your Diet

Eat the right foods well ahead of schedule. Avoid eating foods that are abundant in salt, cholesterol, fats and sugar. Insurance companies will certainly be looking if you have kidney or heart problems, hypertension and diabetes. Showing health problems in any of these areas will have a major effect on the price of the insurance policy you will be getting.

4) Have Enough Rest

You should get enough sleep and avoid strenuous activities within 24 hours of the exam. Certain critical parameters could get affected by lack of rest, like high blood pressure. Although elevated readings maybe temporary, the effect on your insurance policy could be long-term.

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5) Avoid Pain Medications

Certain medications skew the results for tests aimed at evaluating the health of your liver. Under the guidance of a medical professional, avoid taking medications at the day of your life insurance medical exam. However, if you do take pain or other medications, inform the medical staff and insurance representative about the kinds you are taking. You may also have to provide the contact information of the doctors giving the prescription.

6) Fast

Stop eating 8-12 hours before the test. This will have the direct impact of lowering the amount of cholesterol and sugar in your bloodstream. For this reason, it is also best to take the medical exam for life insurance early in the morning, so you would not have to fast until lunchtime. Knowing how to pass life insurance exam will not only help you save and get the best insurance policy. If you have the willingness to apply the ways mentioned above for the long run, they will surely have a positive impact on your overall health and well-being; enabling you to enjoy life more.

Getting Better Results from the Medical Exam

Now that you understand how to pass your life insurance medical exam, you need to understand ways that you can get lower rates for your policy. The medical exam is the pivotal part of your premiums. If you have bad results on the exam, you’re going to receive expensive quotes.

To get started, it’s time to make some hard decisions. If your’e a smoke, the first thing to do is quit that bad habit. You can either continuing smoking or you can get cheap life insurance. You can’t do both.

After you’ve stopped those bad health habits, you need to get in shape. Losing weight will save you money. If you’ve been meaning to trim down your waist, it can also trim down your premiums.

No Medical Exam Life Insurance Policies

Now that you understand what’s going to happen during the medical exam and how to pass it, you may decide that you no longer want to go through the medical exam process. One option is to purchase a no medical exam policy.

Before you buy one of these plans, you need to weigh the pros and cons. In most cases, we think the cons outweigh the pros.

No exam life insurance is more expensive and you can’t get as much protection.

No exam means higher premiums and the insurance companies are going to cap your protection at around $300,000 worth of coverage.

Life Insurance and Medical Exams

There are a lot of people that are worried about the medical exam and everything that has along with that exam. If you’re applying for insurance, don’t worry about the exam. It’s easier than having to go to the doctor. The whole process will take less than an hour.

Source: goodfinancialcents.com

Apache is functioning normally

If you have an enlarged heart due to left ventricular hypertrophy, it’s going to be an issue for life insurance. Insurers will see this condition and worry that it could lead to more serious heart problems in the future. You may still be able to get insurance coverage though, especially if you put together a well-planned application.

To help you get ready, we’ve put together a guide to the underwriting standards for someone with an enlarged heart due to left ventricular hypertrophy.

Life Insurance Underwriting With An Enlarged Heart

During the application process, the agents are going to ask you about a hundred questions about your health. Some of those questions are going to focus on your enlarged heart:

  • When were you diagnosed with an enlarged heart?
  • What caused the left ventricular hypertrophy?
  • What is your CT ratio and what is the thickness of your left ventricular wall?
  • Did you ever have surgery to treat your condition?
  • Do you have a family history of heart disease?
  • Do you have any other risk factors for heart disease?
  • What medications are you taking?

Common prescriptions for an enlarged heart include Beta-blockers, Nitrates, ACE inhibitors, Statins, and Diuretics. None of these medications will cause you to be declined for life insurance depending on your condition.

As you complete your application, answer in complete detail. This is your chance to show the underwriter that your heart condition is under control. Also, if your application seems incomplete, the underwriter could decline your policy or give you a bad rating.

Life Insurance Quotes With An Enlarged Heart

An enlarged heart on its own isn’t fatal. It’s a problem for life insurance though because this condition tends to lead to heart failure; the heart needs to work harder because of the hypertrophy. Typically, an enlarged heart is a result of high blood pressure or heart disease, other problems for life insurance. In rare cases, it can be a result of genetics or too much exercise.

Underwriters will want to know the seriousness of your left ventricular hypertrophy and also see if you have other health problems. Every company has various rating groups, but here is a basic idea of what you could receive.

  • Preferred Plus: Generally impossible. An enlarged heart comes across as too much of a potential health risk for an applicant to get the best insurance rating.
  • Preferred: Possible in very rare cases. The applicant must be in great health or have no other health risks for heart disease. Applicants that have an enlarged heart from exercise or genetics are more likely to receive this rating than applicants that have an enlarged heart from high blood pressure.
  • Standard: Most likely for an applicant with an enlarged heart. The applicant’s CT Ratio should be below 53% with a left ventricular wall no thicker than 13 mm. Applicant should also be in decent health and not have any serious risk factors for heart disease.
  • Table Rating (substandard): Most applicants with an enlarged heart. The rating will depend on the applicant’s CT ratio, ventricular wall thickness, whether the applicant needed surgery, and whether the applicant has other risk factors for heart disease.
  • Declines: Applicants with severe hypertrophy, a ventricular wall thicker than 17 mm. Also applicants with a CT ratio over 57% or with other strong risk factors.

Enlarged Heart Life Insurance Case Studies

Your life insurance application can make a big difference when you apply with an enlarged heart. To help you understand all of this, here are a few stories about past client.

Case Study: Male, 66 y/o, diagnosed with an enlarged heart at 63, caused by high blood pressure, former smoker, taking Beta Blockers and Ace Inhibitors,

This applicant had high blood pressure for several years and didn’t do enough to treat this issue. It eventually led to left ventricular hypertrophy at 63. He also smoked, which certainly wasn’t helping his heart. At this point, the applicant turned things around. He started taking medication to treat his blood pressure, quit smoking, and started exercising. This helped his health, even if he still had to deal with an enlarged heart.

He could only receive extremely expense, rated policies. We believed that insurance companies were not giving enough credit to his lifestyle improvements. We recommended he see his doctor and get a note vouching for his improved health and better lifestyle. After he did this, he was able to qualify for a standard rating plan.

Case Study #2: Female, 58 y/o, diagnosed with an enlarged heart at 56 due to genetics, otherwise in great health.

This applicant was in near perfect health when she was diagnosed with an enlarged heart at 56. This was a case of bad luck and genetics rather than a sign of heart disease. However, when this client tried to get life insurance, she only received rated policies. We suggested she get an EKG to test the strength of her heart. The test showed she was in good health and had no complications due to her condition. By reapplying, she got a discounted preferred rating.

An enlarged heart doesn’t have to get in the way of life insurance coverage. By following this advice, you can give yourself the best possible chance of getting insurance at an affordable rate.

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Working With An Independent Insurance Agent

To get affordable life insurance, you need to work with one of our independent insurance agents. We can help you compare dozens of highly rated companies across the nation, which means that we can bring all of the lowest insurance rates directly to you. Every company is going to view an enlarged heart differently.

Some insurance companies are going to view your diagnosis more favorably than other companies, which means that they will give you much lower rates. Some companies have better rates for anyone with a high-risk problem, like an enlarged heart. You’ll need to do some shopping around to find one which offers you cheaper coverage.

Aside from bringing you the lowest premiums rates, we are here to help you decide which kind of policy is going to meet your needs. It can be difficult and confusing trying to decide between the difference kinds of plans, but show you which company will give your family the perfect protection.

If something tragic happened to you, your debts are going straight to your family. Your life insurance will help your family pay off those debts. That’s not the inheritance you want to leave behind to your loved ones.

Source: goodfinancialcents.com

Apache is functioning normally

If your family was responsible for all of your bills, it could be a mountain of debt and would they have any way of paying off any of those expenses? This is how viewing life insurance as an investment makes it vital that you have some financial protection in case you were to pass away.

Life Insurance with Autism 

Do you or a loved one suffer from autism or Asperger’s? Qualifying for life insurance is not impossible. We’ve helped several people get an effective policy before and we’re confident we can do it again.

The insurance company won’t just look at your condition and automatically shove it aside with a decline stamped on it. They know that normally you’re an insurable candidate, but once you apply you’ll have to give them more information about your diagnosis and any other issues that you might also have. The good thing is we’ve compiled some information below and we hope you find it helpful as you go through the process of securing your finances for the future.

Life Insurance Underwriting for Autism/Asperger’s

When you apply for life insurance with autism or Asperger’s, the insurance agent will need to ask several questions about the condition. Applicants need to answer:

  • Where do you fall on that autism spectrum?
  • Are there any intellectual or psychiatric limitations that you deal with?
  • Do you suffer from any muscular ailments?
  • How does the applicant get by doing daily activities?
  • Does the applicant have any other major health problems?
  • What medications is the applicant currently taking?

While there are no medications that apply directly for autism/Asperger’s, applicants may be taking medications for other mental conditions like antidepressants, anxiety medications, and antipsychotic drugs. These medications could be insurable depending on an applicant’s situation.

Insurance companies ask many questions about these conditions because they need lots of information to make a decision. Be sure to provide all this information as insurance companies are more likely to reject an application that looks incomplete.

Life Insurance Quotes with Autism/Asperger’s

Life insurance companies rate applicants with autism or Asperger’s on a few different factors. First, they consider whether an applicant just has autism/Asperger’s or if they have other more serious issues like Rett syndrome or other physical/mental impairments.

Beyond considering these factors, insurance companies will also review an applicant’s overall health to make a decision. I’ve put together a guideline on how an underwriter might end up rating you.

  • Preferred Plus: With problems in the future likely to arise chances are slim for this category.
  • Preferred: Another situation where the risk is simply too high for the insurance company to rate you in this section.
  • Standard: If you are otherwise healthy, and functioning on the top level this is the best rating you can hope to receive.
  • Table Rating (substandard): Most applicants in the spectrum will be rated here. This isn’t a bad thing, but be aware when looking for quotes that give you a preferred or standard rating that you’re price will end up being higher.
  • Declines: Do you have Rett syndrome or childhood disintegrative disorder? Then that will be a decline for most if not all carriers. And if you also suffer from muscular or cognitive impairments then you will also most likely have difficulty getting an application approved.

Autism/Asperger’s Insurance Case Studies

Here are two examples of how to navigate the stress of filling out a life insurance application.

Case Study: 23 year old female was diagnosed at the age of 8, parents tried purchasing life insurance for her right away and she was denied, no other physical or mental problems

When this applicant was diagnosed with autism at eight, her parents thought it would be a good idea to buy her life insurance right away before anything else happened. When her application was denied, her parents believed she wouldn’t have a policy approved. After reading our site, they understood her chances right after diagnosis weren’t as good if they would’ve waited for her condition to stable.  By trying again this time, the applicant received a Standard rating as her autism hadn’t developed into any other problems.

Case Study #2: Male, 25, had Asperger’s since 10, suffered from depression at 20, starting taking antidepressants at 22 and recovered.

This applicant had Asperger’s since he was 10 and was also diagnosed with depression at 20 partially due to his mental condition. After taking antidepressants for a year, this applicant recovered from his depression and was in better overall health. His rating though was substandard when he first applied. His past history of depression and were worried that this was too much on top of his Asperger’s. We recommended he see his therapist and get a note vouching that due to medication and therapy, this client had his depression under control. With this new information, the applicant applied and received a better rating than before.

If you are looking for life insurance for someone with autism or Asperger’s, it might be a good idea to get some professional help with your application. Agents have the knowledge to let you know when an application should be submitted and which carrier views your condition more favorably.

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Affordable Life Insurance with Autism or Aspergers

Click here for information and free insurance quotes, or complete the form to the right side of the page. Each carrier has different algorithms that help them with their risk classes and who gets put in each one. To find the plan that best fits your budget you’ll need to receive many quotes before picking the one that works best for you.

Unlike traditional life insurance agents, we are independent agents, and we can represent as many insurers as we want! With tons of life insurance companies in America, we can narrow down the ones that fit your goals best all while saving you valuable time and saving you hard-earned money.

Let us help you get approved for a plan that works with an applicant who has autism or Asperger’s. Even if you’ve been declined in the past, we can help you get affordable life insurance protection through a no medical exam life insurance plan.

These no medical exam plans mean you can have financial protection and you don’t have to answer medical questions or go through an exam. Everyone deserves to have the insurance protection that their family needs and your health shouldn’t stop you.

Source: goodfinancialcents.com