Life Insurance with Arteriosclerosis Obliterans.
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 they have been diagnosed with Arteriosclerosis Obliterans.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been diagnosed with Arteriosclerosis Obliterans?
- Why do life insurance companies care if I’ve been diagnosed with Arteriosclerosis Obliterans?
- 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’ dive right in!
Can I qualify for life insurance after I’ve been diagnosed with Arteriosclerosis Obliterans?
Yes, individuals who have been diagnosed with Arteriosclerosis Obliterans can and often will be able to qualify for a traditional term or whole life insurance policy. The problem is because arteriosclerosis Obliterans is a pre-existing medical condition that affects one’s arteries, most (if not all) of the top rated life insurance companies are going to be hesitant about insuring someone that has been diagnosed with this condition.
This is why…
It’s usually best to avoid applying for most No Exam Term Life Insurance Policies if you have been diagnosed with Arteriosclerosis Obliterans because frequently, this condition will be one that will prevent you from being able to qualify for coverage. Instead, individuals suffering from this condition will usually fair much better when applying for a traditional fully underwritten (exam required) term or whole life insurance policy.
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Why do life insurance companies care if I’ve been diagnosed with Arteriosclerosis Obliterans?
Any time an individual has been diagnosed with a pre-existing cardiovascular disease, you can bet that most life insurance companies are going to be pretty interested in it. This is why it’s not surprising that being diagnosed with arteriosclerosis obliterans really isn’t any different.
Arteriosclerosis obliterans is an “occlusive” arterial disease, which is simply a fancy term referring to the “shunting off” or “obstruction” of one’s arteries.
And in the case of…
Arteriosclerosis obliterans, this usually means that the abdominal aorta and the small and medium-sized arteries of the lower extremities will be the ones becoming obstructed.
What kind of information will the insurance companies ask me or be interested in?
- When were you first diagnosed with Arteriosclerosis Obliterans?
- Who diagnosed your Arteriosclerosis Obliterans? A general practitioner or a cardiologist?
- What symptoms (if any) led to your diagnosis?
- What medications (if any) are you currently taking?
- Have any of your prescription medications changed in any way over the past 12 months?
- Have you been diagnosed with any other serious medical conditions?
- Have you ever suffered from a heart attack or stroke?
- Have you been diagnosed with elevated blood pressure or cholesterol levels?
- Have you been hospitalized for any reason within the past 2 years?
- What is your current height and weight?
- In the past 12 months, have you used any tobacco or nicotine products?
- 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…
We like to remind folks that we here at IBUSA are not medical professionals, and we’re certainly not doctors. All we are is a bunch of life insurance agents who happen to be good at helping folks with a wide variety of pre-existing medical conditions find and qualify for the life insurance that they’re looking for.
Which means that…
If you’re reading this article to learn something more about arteriosclerosis obliterans other than how it’s going to affect your chances at being able to qualify for a traditional term or whole life insurance policy, we would recommend that you STOP reading now because you’d be much better off reaching out to a true medical expert.
If you’re actually looking for life insurance advice and wondering how having been diagnosed with arteriosclerosis obliterans is going to affect your chances of qualifying for coverage, well then, you’ve definitely come to the right place!
What rate (or price) can I qualify for?
Now, as you can see, there are a lot of factors that can come into play when determining what kind of “rate” an individual might be able to qualify for. This is why it’s pretty much impossible to know for sure what kind of “rate” you might be eligible for without at least speaking with you briefly.
That said however…
There are some “assumptions” that we can make solely based on the fact that you have been diagnosed with atherosclerosis obliterans because, unlike many other pre-existing cardiovascular conditions, atherosclerosis obliterans isn’t something that is “reversible” or “curable”. This is why, when we do find a life insurance company that will be willing to approve your life insurance application, it will be at a “high risk” rate.
Which means that…
Not only are we going to need to be more “selective” with which life insurance companies we choose to apply with, but we’re also going to want to be on the lookout for those particular life insurance companies that tend to offer more competitive pricing for these “at risk” categories.
This brings us to the last topic that we wanted to discuss, which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experience here at IBUSA, what we have found that works best for folks who have been diagnosed with a pre-existing medical condition where the “severity” of the condition is often “subjective” is for the applicant to make sure that they first find a true-life insurance professional who will work as an advocate for you.
Such an agent…
Will not only help guide you through the application process but also be perfectly “frank” with you about what options may or may not be possible for you.
You’ll also want to make sure that the very same agent you have chosen has access to dozens of different life insurance companies because after all, it doesn’t matter how “great” of a life insurance agent you might have if they don’t have access to the “best” life insurance policy for you! Now, does it?
You’ll want to make sure that you’re completely honest with your life insurance agent before applying for coverage. By doing so, you will be helping him or her narrow down what options might be the “best”.
Now, will we be able to help out everyone who has been previously diagnosed with Arteriosclerosis Obliterans?
No, probably not. But what we can tell you is that in addition to offering a wide variety of different term and whole life insurance policies, IBUSA has also worked very hard to establish relationships with many of the Top Rated Burial Life Insurance Companies as well so that in the event that someone isn’t able to qualify for a traditional life insurance policy, chances are there may be some other “type” of product that you CAN qualify for.
So, if you’re ready to see what options might be available to you, just give us a call!