Completing a term life insurance and
paramedical is not the end of the world
but why waste the time if you have a
declinable condition. Ultimately,
life insurance company makes the
decision as to whether someone is
approved or declined but there are some
conditions that are pretty much
declinable in nature. Let's look
at these and what other options might be
life insurance carriers rarely come out
a black list of declinable conditions to
the public but we can piece together
some real red flags from the lowest
health class available (Standard risk
health class) and the conditional
temporary life insurance questions which
are a simplified set of questions.
We can also looked at the CDC's data on
top causes of death as these would
directly affect the life insurance
carrier's underwriting decision.
Let's look at these causes in descending
percentages for the cause of death in
Probably the biggest category as it
pertains to mortality tables is the
general Cardio Pulmonary category
dealing with diseases of the heart.
In 2006, this made up roughly 26% of all
deaths. This can include heart
attacks, heart disease, irregular
behavior and the like. This is
especially looked at in conjunction with
corresponding issues such as high blood
pressure, elevated cholesterol, and
next category is cancer. This
accounts for roughly 23% of the deaths.
There two significant issues here.
One is that there many kinds of cancer
with a huge range of severity from
extremely treatable to extremely
difficult to to treat. The type of
cancer, the stage it was it, and most
importantly, the amount of time sign and
symptom free have a significant bearing
on how the life insurance company will
view your eligibility.
Interestingly enough, these two
categories make up roughly half of the
deaths in the U.S. There are many
personal choices we can make to affect
our chances of avoiding both.
Let's look at some of the smaller
categories that are likely to be dreamed
as declinable conditions when
applying for life insurance.
Various diseases of the blood are the
first that come to mind. These
include AIDS/HIV and Hepatitis C.
Treatment and management of both
diseases are improving with time but
there is still an increase in mortality
rates associated with these diseases.
To some extend, we'll include Diabetes
in this category. Diabetes is
another condition which can be
successfully managed but it may still be
an issue in terms of qualifying.
Cerebrovascular diseases. This
would result from diseases that affect
the vascular system in the brain such as
AVM (Arterial Vascular Malformation).
The increased risk is for strokes or
aneurisms that may occur as a result.
from the disease side, accidents account
for 5% of deaths and we're ranked #5.
There are many lifestyle, occupations,
and hobby decisions that factor into
this risk. Drug use (depending on
particular drug, severity, and time
sober) comes into play here. Also,
a history of unsafe driving and/or DUI's
on your driving record may make you
uninsurable depending on the severity
and time away. Alcholism, Drug
dependency, etc also figure into disease
mortality such as liver failure and
you have a condition or medical history
that is current and/or extreme in
relationship to one of these categories,
it might be difficult to
term life insurance coverage. We
would be happy to go over your
particular situation to discuss possible
options. High risk life insurance
or no medical exam insurance might
provide a back-up. The good news
is that there is no application fee to
apply for term life and you have a
money-back guarantee if you do not want
an offered policy and/or rate in the 10
days of receiving the policy.
Essentially, there's no downside to
applying because the life insurance
company is ultimately the one that
decides if your eligible for coverage.
Following are some issues (depending on
severity) that may be issues:
Alcohol or Drugs
Kidney or Liver Disease
Ulcerative Colitis or Ileitis