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 being diagnosed with Lipoid Nephrosis or Minimal Change Disease.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Lipoid Nephrosis or Minimal Change Disease?
- Why do life insurance companies care if I have been diagnosed with Lipoid Nephrosis or Minimal Change Disease?
- 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 Lipoid Nephrosis or Minimal Change Disease?
Yes, individuals who have been diagnosed with Lipoid Nephrosis or Minimal Change Disease can and often will be able to qualify for a traditional term or whole life insurance policy.
The only problem is…
That because suffering from Lipoid Nephrosis has the “potential” for one to develop some pretty serious complications, most (if not all) life insurance companies are generally going to consider anyone who has been diagnosed with this condition a “higher risk” applicant.
Which is 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 Lipoid Nephrosis.
Why do life insurance companies care if I have been diagnosed with Lipoid Nephrosis or Minimal Change Disease?
Probably the best way to understand “why” most of the best life insurance companies are going to “care” if an individual has been diagnosed with Lipoid Nephrosis is to take a moment and review what Lipoid Nephrosis is as well as highlight some of the most common symptoms/complications which are going to affect how a life insurance underwriter reviews your life insurance application.
Lipoid Nephrosis Defined:
Lipoid Nephrosis or Minimal Change Disease (MCD) is a kidney disease that causes large amounts of protein to be lost in one’s urine. It occurs when the small blood vessels within the kidney become damaged either due to:
- Some kind of allergic reaction,
- Overuse of NSAID’s medications,
- Viral infections,
And is credited as one of the most common causes for someone to develop Nephrotic Syndrome.
Symptoms may include:
- Edema of one’s legs, ankles or around one’s eyes,
- Loss of protein in one’s blood,
- High cholesterol.
Serious complications may include:
- Increased risk of blood clots and/or stroke,
- Acute kidney failure,
- Chronic kidney failure,
- Increased risk of infections.
Over 90% of patients diagnosed with Lipoid Nephrosis will respond favorably once provided oral steroids, with most of these individuals going into complete remission. That said, however, it is possible for this pre-existing medical condition to return, which is why even those who have gone into remission will still be considered a “higher risk” even after being symptom-free for over two years!
Now at this point…
We usually like to take a moment and remind folks that nobody here at IBUSA has any kind of “official” medical training, and we’re certainly not 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 this one, find and qualify for the life insurance coverage that they are looking for.
Not so great if you’re looking for answers to any specific medical questions. In cases like these, we would recommend that you contact a true medical professional who has the training to help. For everyone else, you’re in luck because now we’re going to get into some of the “nitty-gritty” about what you may or may not be able to qualify for.
What kind of information will the insurance companies ask me or be interested in?
- When were you first diagnosed with Lipoid Nephrosis?
- Who diagnosed your Lipoid Nephrosis? A general practitioner or a specialist?
- What symptoms led to your diagnosis?
- Are you still treating your Lipoid Nephrosis? If not, when was the date of your last treatment?
- How often do you see your primary care physician?
- When was the last time you had a complete physical with labs?
- Have you been diagnosed with any other pre-existing medical conditions?
- Are you currently taking any prescription medications?
- In the past two years, have you been hospitalized for any reason?
- 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” you might qualify for when applying for a traditional term or whole life insurance policy.
This is why it’s almost impossible to know what kind of “rate” you might qualify for without first speaking with you directly.
That said, however…
There are a few “assumptions” that we can make about individuals who have been diagnosed with Lipoid Nephrosis that will generally hold true when applying for a traditional term or whole life insurance policy. For example, most life insurance companies aren’t going to be willing to offer an individual a traditional life insurance policy until they have been in complete remission for a minimum of two years.
Once an individual is theoretically “eligible” for coverage, he or she will likely only be able to qualify for a “high risk” category and will only be considered eligible if they are able to demonstrate normal kidney functioning and don’t suffer from any “other” serious pre-existing medical condition.
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!
Now, will we be able to help out everyone who has been previously diagnosed with Lipoid Nephrosis?
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 Best Final Expense 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!