Life Insurance with an Aneurysm.
In this article, we wanted to take a moment to answer some of the most common questions we get from folks applying for life insurance after having been diagnosed with an Aneurysm or aneurysmal dilation.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with an Aneurysm?
- Why do life insurance companies care if I have been diagnosed with Aneurysm?
- What kind of information will the insurance companies ask me or be interested in?
- What rate (or price) can I qualify for?
- What can I do to help ensure that I get the “best life insurance” for me?
So, without further ado, let’s dive right in!
Can I qualify for life insurance if I have been diagnosed with Aneurysm?
Yes, individuals can and often will be able to qualify for a traditional term or whole life insurance policy after have suffered from or been diagnosed with an Aneurysm. The tricky part will be determining which life insurance company is going to the best life insurance company for you!
You see, not every life insurance company is going to use the same underwriting guidelines when determining who they will and won’t insure which means that not every life insurance company is going to be the same when it comes to applying for coverage after you have been diagnosed with a pre-existing medical condition like an Aneurysm.
Why do life insurance companies care if I have been diagnosed with Aneurysm?
Probably the best way to answer this question is to define what an “aneurysm” is. After that, it should be pretty evident why a life insurance company is probably going to “care” if you’ve been diagnosed with one.
Simply put, an aneurysm or aneurysmal dilation is a condition that is defined by the ballooning and/or weakening of an arterial wall creating a “bulge” along the side of an artery which can typically occur in one of three locations along the:
- Abdominal aortic artery,
- Thoracic aortic artery,
- Or the cerebral aortic artery.
They are usually grouped into one or three different “types”. Grouped as:
- They are the most common types appearing in 80% – 90% of intracranial aneurysms. Often called ‘Berry’ aneurysm because of their shape, they are the leading cause of subarachnoid hemorrhage independent of trauma.
- While most intracranial aneurysms appear as saccular aneurysms, the rest appear as fusiform aneurysms. They are also known to seldom rupture, unlike a saccular aneurysm.
And lastly, we have..
Abdominal aortic aneurysms and thoracic aortic aneurysm
- Aneurysms also affect the thoracic aorta as well as the abdominal aorta.
Or fortunately (depending on how you want to look at it), most aneurysms will remain symptom-free until the rupture in which can an individual may suffer from internal bleeding or a stroke, which in some cases may be fatal. In cases where symptoms do appear, they will usually take the form of:
- A sudden or extreme headache.
- Nausea or vomiting.
- Sudden vision issues, including blurring of objects or “double vision”.
- Sensitive of light.
- A seizure.
- Drooping of an eyelid.
- Etc, etc…
This is why…
Life insurance companies, in general, are pretty cautious when it comes to approving individuals who have been diagnosed with an aneurysm and will generally want to know a lot about your aneurysm prior to making any kind of decisions about the outcome of your life insurance application.
This is also why most folks who have been previously diagnosed with an aneurysm may find it difficult to qualify for a No Medical Exam Life Insurance Policy.
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked may include:
- When were you first diagnosed with an aneurysm?
- Who diagnosed your aneurysm? A general practitioner or a specialist?
- What “kind” of aneurysm do you/did you suffer from?
- What symptoms (if any) led to your diagnosis?
- Are you suffering from any symptoms of your aneurysm currently?
- Did your aneurysm rupture?
- Have you ever suffered from a stroke or heart attack?
- What treatment options have you undergone?
- Have you had any surgical procedures performed?
- If so, when?
- Has your doctor recommended or suggested that you may need surgery in the future?
- Are you taking any prescription medications right now?
- If so, have any of those medications changed in any way in the past 12 months?
- Have you been hospitalized for any reason in the past 2 years?
- Have you used any tobacco or nicotine products within the past 12 months?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
Now at this point…
It’s probably a pretty good idea to point out that we’re not doctors, we’re just a bunch of life insurance agents, which is why our descriptions of these conditions are going to remain inadequate at best. But because we are independent life insurance agents that work with dozens of different life insurance companies, one thing that we do know is… underwriting guidelines for a wide variety of life insurance companies!
What rate (or price) can I qualify for?
Now as you can see, there are a lot of variables that can come into play when determining what kind of “rate” that an individual can qualify for. Not to mention whether or not an individual will even be able to qualify for a traditional term or whole life insurance policy at all!
This is why it’s pretty much impossible to know what kind of rate you might be able to qualify for without first speaking with you for a few moments.
That said however…
What we can tell you is that there are several life insurance companies that will be willing to insure someone who has been diagnosed with an aneurysm regardless of whether or not they have had it operated on.
Some of these life insurance companies will be willing to even offer someone a Preferred rate depending on the “type” of aneurysm that you have been diagnosed with and how long ago you were diagnosed with this condition.
That’s the good news…
The bad news is that when it comes to these “approvals”, insurance companies can vary significantly. This is because being diagnosed with an aneurysm isn’t like being diagnosed with another kind of pre-existing medical condition that is likely to have a “set” outcome. Or like being diagnosed with another pre-existing medical condition in which there is a certain type of “test” that can tell an insurance company just how “severe” your condition is.
As a result…
Individual insurance companies working within the different life insurance companies are going to be given much more “subjectivity” when determining whether or not you’ll be eligible for coverage and if so, what “price” you may be required to pay. This brings us to the last topic that we wanted to take a moment and discuss with you here today which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experiences here at IBUSA, what we have found to be the number one factor in helping someone find the “best” life insurance policy for is…
Honesty and options.
This is because…
When a client is honest with us about all the “factors” that could come into play when determining what kind of “rate” they may be able to qualify for and we have plenty of options to choose from, the chances that we’ll be able to find that “perfect fit” goes way up.
This for course assumes…
That you choose to apply with a life insurance brokerage like IBUSA which has access to dozens of different life insurance companies and only hires true life insurance professionals with the knowledge and expertise to help you sort out which life insurance company is going to be the “best” for you.
So what are you waiting for? Give us a call today and experience the IBUSA difference.