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.
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 applying for life insurance with a history of arteriosclerosis obliterans, insurance companies may ask for several types of information to help assess your risk level and determine your insurability. This may include:
- Medical history: The insurance company may ask for details about your medical history, including when you were first diagnosed with arteriosclerosis obliterans, any treatments or medications you have received, and whether you have experienced any complications or related conditions.
- Symptoms: The insurer may ask about any symptoms you have experienced as a result of arteriosclerosis obliterans, such as pain or numbness in the affected limbs.
- Diagnostic tests: The insurance company may request information on any diagnostic tests that have been performed to confirm your diagnosis, such as an angiogram or Doppler ultrasound.
- Lifestyle factors: Insurers may ask about lifestyle factors such as smoking history, alcohol consumption, diet, and exercise habits. These factors can impact the severity and progression of arteriosclerosis obliterans.
- Other health conditions: The insurer may also ask about any other health conditions you have or have had in the past, as these can impact your overall risk level.
By providing this information, the insurer can get a better understanding of your health status and make a more informed decision about your eligibility for life insurance.
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!