Life Insurance with Hydrocephalus.
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 Hydrocephalus.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Hydrocephalus?
- Why do life insurance companies care if I have been diagnosed with Hydrocephalus?
- 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 Hydrocephalus?
Yes, individuals who have been diagnosed with Hydrocephalus can often qualify for a traditional term or whole life insurance policy provided that their “Hydrocephalus” first occurred as an adult and not as an infant or young child.
We should also point out that while adult-onset Hydrocephalus applicants may be able to qualify for a traditional life insurance policy, getting approved for coverage will not be a foregone conclusion because there are a lot of factors that a life insurance underwriter is going to want to examine before he or she is willing to make any kind of “definitive” decision about your life insurance application.
This is also why…
You may want to consider avoiding applying for a no medical exam term life insurance policy as well, seeing how these policies tend to be more difficult to qualify for after someone has been diagnosed with a pre-existing medical condition like Hydrocephalus.
Why do life insurance companies care if I have been diagnosed with Hydrocephalus?
It’s pretty safe to say that anytime an individual has been diagnosed with a pre-existing medical condition that directly affects the brain, most (if not all) of the best life insurance companies are going to want to learn more about that “condition” prior to making any decision about an individual’s life insurance application.
Which is exactly…
What we see when working with an individual who has been diagnosed with Hydrocephalus as an adult. This is why it only makes sense for us to briefly describe what Hydrocephalus is as well as highlight some of the most common symptoms so that we can get a better idea of exactly what a life insurance underwriter will be looking for to make his or her decision about your application.
Hydrocephalus is a condition that is caused when there is a “buildup” of fluids within the cavities (ventricles) located deep within the brain tissue. This excess fluid then begins to actually increase the “size” of the ventricle, causing pressure to begin to develop within the skull.
At this point…
We want to focus our attention on adult-onset Hydrocephalus simply because most (if not all) life insurance companies aren’t going to be willing to insurance anyone who suffered from infant or early childhood hydrocephalus.
Common symptoms associated with adult-onset Hydrocephalus may include:
- A decrease in appetite,
Common causes of adult-onset Hydrocephalus may include:
- Internal brain hemorrhaging,
- Traumatic brain injury,
- Or a tumor.
While it is true that Hydrocephalus will generally be considered a “chronic” condition absent any cure, it can be treated by either directly removing the cause of the Hydrocephalus or by providing a way of diverting the “excess” fluid within the brain to some “other” location with the brain.
This is why…
Even though adult-onset Hydrocephalus will be considered a very serious pre-existing medical condition by most (if not all) life insurance companies, it will still be one that many will be willing to provide coverage to provided that you are seeking out the proper care and management for your condition.
Before anyone gets too upset or beings complaining about the simplicity of our definitions that we’re using here, it’s important to understand that we here at IBUSA aren’t medical experts of doctors. 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 Hydrocephalus find and qualify for coverage.
Which means that…
Because we’re not going to be the one “diagnosing” your condition and we’re certainly not going to try and treat your condition, we need to understand how a life insurance underwriter is going to consider you as a potential “risk.”
The good news is, that despite how simply our definition of Hydrocephalus is this is something that we actually have down pat!
Which is why…
When we are approached by an individual who has been diagnosed with any of these “kinds” of conditions, we’re going to know right away what questions a life insurance underwriter is going to want to know the answers too before he or she will be willing to make any kind of decision about the outcome of your life insurance application.
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 Hydrocephalus?
- Who diagnosed your Hydrocephalus?
- What symptoms (if any) led to your diagnosis?
- What kind of Hydrocephaly have you been diagnosed with?
- Do you know why you have developed Hydrocephalus?
- Internal brain hemorrhaging?
- Traumatic brain injury?
- Or a tumor?
- How have you treated your Hydrocephalus?
- Are you currently experiencing any symptoms due to your Hydrocephalus?
- In the past two years, have you been admitted into a hospital for any reason?
- Have you been diagnosed with any other pre-existing medical conditions?
- Are you currently taking any prescription medications?
- 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?
What rate (or price) can I qualify for?
As you can see, there are many factors that can come into play when trying to determine what kind of “rate” an individual might qualify for after being diagnosed with Hydrocephalus. This is particularly true because when it comes time to “determine” the “severity” of one’s case, much of that decision-making process will be based on very “subjective” evidence.
This is why…
It’s pretty much impossible to know what kind of “rate” you might qualify for without first speaking with you for a few minutes so that we can get a better idea about how well you are “coping” with your disease.
That said however…
There are a few “assumptions” that we can make that will generally hold true when trying to help someone who has been diagnosed with Hydrocephalus qualify for a traditional life insurance policy.
For example, it’s pretty safe to say that while it is true that individuals diagnosed with Hydrocephalus will “potentially” qualify for a traditional life insurance policy, it’s not always going to be an easy thing to do! And most of the time, when an individual can qualify for coverage, it will usually be at a “sub-standard” rate!
The good news is…
That regardless of your situation, we here at IBUSA can help because we have tons of experience helping folks with all sorts of pre-existing medical conditions like yours and are committed to helping all of our clients find the “best” life insurance policy that they can qualify for. This brings us to the last topic that we wanted to take a moment and 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 usually, the folks who seem to find the “best” life insurance policy for them are those that:
- Take their time reviewing their options.
- Ask a lot of questions.
And seek out those life insurance agents who not only have experience working with individuals who have been diagnosed with a wide variety of pre-existing medical conditions but also have access to dozens of different life insurance companies so that when it comes time to helping a more “challenging” case, they don’t have to rely on a…
“One size fits all approach!”
The good news is that this is exactly what you’re going to find here at IBUSA!