Getting life insurance can be tricky, and it’s even trickier when you have a pre-existing medical condition like muscular dystrophy. But that doesn’t mean it’s impossible!
It just means that…
You’re going to want to make sure that when you do apply for life insurance, you’re applying with an agent who is familiar with your medical condition and has plenty of options to choose from when it comes time to helping you find the “best” life insurance policy that you can qualify for.
When it comes to purchasing a life insurance policy with a pre-existing condition like muscular dystrophy, it’s important to understand what characteristics and symptoms insurance underwriters are going to be looking at when they make their decision.
It’s also important…
To know which life insurance companies may be more “lenient” towards your medical condition before you apply with them so that you can avoid wasting time and potentially avoid being un-necessarily denied coverage.
The good news…
Is that we here at InsuranceBrokersUSA specialize in helping folks with pre-existing medical conditions find coverage and we do so by taking our time and fully explaining the entire process so that our clients can become empowered to make their own informed decisions and fully understand why we make the recommendations that we do.
So, without further ado, let’s being our discussion on how to qualify for a traditional term or whole life insurance policy by first describing exactly what muscular dystrophy is.
What is Muscular Dystrophy?
Muscular dystrophy actually represents a category of diseases rather than one specific disease. The thing all types of muscular dystrophy have in common is what happens as the end result: muscles get progressively weaker and their overall mass reduces. The differences among these diseases is when it occurs and which muscles it attacks first.
Types of Muscular Dystrophy.
The main types of muscular dystrophy are:
- Duchenne muscular dystrophy (about half of all muscular dystrophy cases); symptoms often occur under the age of five
- Becker Muscular dystrophy; similar to Duchenne, except that symptoms occur later in life – 20s and beyond.
Other types of muscular dystrophy include:
- Myotonic (aka Steinert’s disease) – impacts face and neck first, occurs in adults.
- Facioscapulohumeral – face and shoulders, most common in teen years, but can happen any time under 40.
- Limb-girdle – hips and shoulders first; childhood-teen years.
- Congenital – Happens under the age of two.
Symptoms and Prognosis.
Muscular dystrophy is a progressive disease. This means that it is only going to get worse with time. The goal of any treatment is to slow down the progression as much as possible. Some of the things that could ultimately happen includes:
- Lack strength required to walk – wheelchair required.
- Scoliosis – back weakness makes it impossible for spine to be held in place.
- Difficulty swallowing or breathing – due to weakness of muscles associated with both tasks.
Now at this point…
We usually like to point out the fact that we’re not doctors, nor are we medical professionals. All we are, is a bunch of life insurance agents who just happen to be really good at helping folks with pre-existing medical conditions like muscular dystrophy find coverage.
Which means that…
If you have any specific medical questions or are concerned about your health in any way… quit reading this article and call your doctor! But if you’re all set and now are just trying to get some life insurance in place, well keep on reading!
Applying for life insurance with muscular dystrophy.
Since the prognosis and severity of muscular dystrophy is so varied, it shouldn’t be surprising that so is life insurance eligibility. There’s a vast difference between insuring someone who is wheelchair-bound and someone who has a bit of facial difficulty.
Localized muscular dystrophy vs non-localized muscular dystrophy.
Having localized muscular dystrophy means that your muscular dystrophy is restricted to one or two places (normally face, shoulders or neck such as in myotonic or facioscapulohumeral). In cases like these, we’re generally going to find that qualifying for a traditional term or whole life insurance policy should be relatively “easy” assuming that you would otherwise be eligible for coverage despite being diagnosed with muscular dystrophy.
Qualifying insurance rate.
With localized muscular dystrophy cases, you’ll generally find that you will be “eligible” for coverage however, you’re most likely not going to qualify for a preferred or standard rate
You’ll likely qualify for a Table rate. Table Ratings are insurance rates reserved for “higher” risk applicants and fall just below standard rates. In total, there are 10 possible table rates ranging from A-J (A being the best rate). Now depending on the severity of your muscular dystrophy as well as other factors in your health and lifestyle, you could actually fall just about anywhere on this table.
Keep in Mind…
Not all life insurance companies underwrite in the same way. One life insurance company may look at your current symptoms and offer you a Table A. While another may think you’re a greater risk and will offer you a Table H or J.
Finding the Right Life Insurance Company.
To ensure that you get the best rate, you need some expert advice. InsuranceBrokersUSA can help you find the life insurance company that will offer you the most coverage at the lowest rate. It’s tricky to find on your own, but with us on your team, you’re sure to get a great deal on life insurance even with muscular dystrophy.
If your muscular dystrophy seems to be much more advanced than this and is impacting more parts of your body, then it’s progression is more active. This is a worry for life insurance companies. As a result, you will most likely be denied a term or whole life insurance policy.
Life insurance companies assess risk. If you’re muscles are deteriorating there are a lot of risks to account for. It may not lead to premature death itself, but it can cause:
- Accidents while behind the wheel,
And so much more. The loss of muscle mass can impair your life in a major way which is why life insurance companies will not insure people with more severe muscular dystrophy.
You still have an option.
People who are denied a term or whole life insurance policy for any reason at all, will still have one more life insurance option: guaranteed issue life insurance. This is a policy that you are (as the name suggests) GUARANTEED to qualify for. No matter how advanced your muscular dystrophy is, you can get life insurance coverage that can provide for your final expenses.
Don’t be, we here at InsuranceBrokersUSA would love to have an opportunity to earn your trust and go through all of your options with you. So, what are you waiting for? Give us a call today and see what we can do for you!