Life Insurance with Pancytopenia.

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 with Pancytopenia.

Questions that will be addressed will include:

• Can I qualify for life insurance if I have been diagnosed with Pancytopenia?
• Why do life insurance companies care if I’ve been diagnosed with Pancytopenia?
• 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!

• What kind of information will the insurance companies ask me or be interested in?

Can I qualify for life insurance if I’ve been diagnosed with Pancytopenia?

Yes, individuals who have been diagnosed with Pancytopenia can and often will be able to qualify for a traditional term or whole life insurance policy.

The only problem is…

That because Pancytopenia isn’t a medical condition that occurs all the frequently unless someone is also suffering from some other “kind” of pre-existing medical condition, most (if not all) of the best life insurance companies are going to want to ask you a series of medical questions about your Pancytopenia so that they can get a better idea about what is causing to suffer from this condition.

It’s 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 Pancytopenia.

Why do life insurance companies care if I’ve been diagnosed with Pancytopenia?

There are two main reasons why a life insurance company is going to “care” if you have been diagnosed with Pancytopenia. The first reason is that this is not a medical condition that one is likely to develop easily. This means that in most cases, when someone develops, it’s because they suffer from some other “potentially” serious medical condition.

The second reason why…

A life insurance company is going to “care” if an individual has been diagnosed with Pancytopenia is because having “Pancytopenia” can potentially cause someone to suffer from some pretty significant complications as a direct result of this disease or condition.

This is why…

We wanted to take a moment and discuss what Pancytopenia is as well as highlight some of the most common symptoms/complications of this disease are so that we can gain a better understanding of exactly what a life insurance underwriter will be looking for when making his or her decision about your life insurance application.

Pancytopenia Defined:

Pancytopenia is a term used to describe a condition when an individual has blood low count values for all three types of blood cells: red blood cells, white blood cells, and platelets. Pancytopenia typically occurs when an individual has some problem within the bone marrow, preventing them from being able to produce these three blood cell types in proper amounts.

Symptoms may include: 

• Fatigue,
• Shortness of breath,
• Spontaneous bleeding from gums, nosebleeds or internal bleeding,
• Easy to bruise,
• Pale skin,
• Tachycardia,
• Etc…

Serious complications may include:

• Increased risk of infection,
• Excessive bleeding from cuts or injuries.

Potential causes may include:

• Aplastic Anemia,
• A variety of different autoimmune diseases,
• Cancer or cancer treatments (chemotherapy),
• Exposure to certain environmental toxins,
• Infections,
• Leukemia,
• Etc…

Treatment of Pancytopenia…

Will typically include trying to simultaneously stimulate blood cell production in one’s bones using various methods, including medications and blood transfusions, while also treating the underlying cause preventing one’s body from producing the proper levels of these cells naturally.

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.

But…

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?

Common questions you’ll likely be asked may include:

• When were you first diagnosed with Pancytopenia?
• Who diagnosed your Pancytopenia? A general practitioner or a specialist?
• What symptoms led to your diagnosis?
• Do you know why you have developed Pancytopenia?
• 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 variables that can come into play when trying to determine what kind of “rate” an individual diagnosed with Pancytopenia. 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…

Most individuals who have been diagnosed with Pancytopenia will usually fall into one of three different categories that we can make some “assumptions” about that will generally hold true.

Category #1.

Individuals in this category will be those who are either currently treating their Pancytopenia or have just recovered from their Pancytopenia. In cases like these, what you’re going to find is that most (if not all) life insurance companies are going to want to make sure that you have made a full recovery form your condition which is most evident (according to them) when you have remained symptom-free for a minimum of one year. This is why most life insurance companies will typically POSTPONE any application from someone who has just recently recovered for their “case” of Pancytopenia.

Category #2.

Individuals who fall into this category will be those that have made a full recovery from their Pancytopenia and remained asymptomatic for at least one year, but also suffer from some type of “other” pre-existing medical condition caused them to develop Pancytopenia or may have contributed to its development.

In cases like these…

We’re generally going to find that the underlying pre-existing condition, not the symptom of Pancytopenia is what’s REALLY going to determine what kind of “rate” you’ll be able to qualify for. 

For more information about the condition that is causing you to suffer from Pancytopenia and how it may affect the outcome of your life insurance application, we would recommend that you take a look at our Pre-Existing Medical Conditions page.

Category #3.

The last group that we’ll commonly encounter when trying to help someone that has been diagnosed with Pancytopenia is the group who isn’t sure “why” they have developed their Pancytopenia or has determined that the underlying “cause” was an acute or one time occurrence such as an injury or exposure to some type of environmental contaminant.

In cases like these…

What you’re generally going to find is that once a life insurance company can determine that it doesn’t appear likely that you’ll develop Pancytopenia again, most will consider you “potentially” eligible for a “high risk” or “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!

Now, will we be able to help out everyone who has been previously diagnosed with Pancytopenia?

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!