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 idiopathic Peripheral Polyneuritis.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Peripheral Polyneuritis?
- Why do life insurance companies care if I’ve been diagnosed with Peripheral Polyneuritis?
- 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’ve been diagnosed with Peripheral Polyneuritis?
Yes, individuals who have been diagnosed with Peripheral Polyneuritis can and often will be able to qualify for a traditional term or whole life insurance policy.
The only problem is…
That most of the time, when someone is diagnosed with Peripheral Polyneuritis, this isn’t the “true” diagnosis. Instead, it is merely a symptom of some “other” pre-existing medical condition which is causing someone to suffer from Peripheral Polyneuritis.
Why do life insurance companies care if I’ve been diagnosed with Peripheral Polyneuritis?
There are two main reasons why a life insurance company is going to “care” if an individual has been diagnosed with Peripheral Polyneuritis. The first reason is because suffering from peripheral nerve damage can affect the way that some people are able to live their lives.
Someone is diagnosed with a pre-existing medical condition that can “alter” how one lives, chances are that will be something that most top-rated life insurance companies are going to want to know about.
The second reason…
Why a life insurance company is going to “care” if you have been diagnosed with Peripheral Polyneuritis is because while it is true that some cases may develop because of “unknown” reasons, most individuals who suffer or develop Peripheral Polyneuritis will do so because they have also been diagnosed with some other serious pre-existing medical condition.
This is why…
We wanted to take a moment and briefly discuss what Peripheral Neuropathy is, as well as highlight some of the most common symptoms/complications of this disease 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 application.
Peripheral Neuropathy Defined:
Peripheral Neuropathy is a condition that is defined by damage that is done to nerves located outside of the brain and spinal cord areas. Typically, symptoms will occur gradually beginning first with one’s hands and or feet.
Common symptoms may include:
- Numbness, prickling or tingling with the affected areas,
- Sharp, throbbing pain,
- Extreme sensitivity to touch.
Serious complications may include an increased risk of both infections and injuries as a result of falls.
Potential causes may include:
- Hereditary disorder,
- Auto-immune disease,
- Toxic Neuropathy,
- Poor nutrition,
- Kidney disease,
- Certain medications,
Some individuals may be able to regain or at least minimize the effects that Peripheral Polyneuritis may have in their life by utilizing any number of different therapeutic options, including:
- Transcutaneous electrical nerve stimulation (TENS),
- Plasma exchange and intravenous immune globulin therapy,
- Physical therapy,
As well as therapies designed to treat the underlying cause of why an individual might be experiencing Peripheral Polyneuritis in the first place.
“Which brings us to an important point that we think we ought to mention.”
If you think you have a medical issue, don’t use the internet to diagnose yourself. After all, if you do and you’re correct, you’re still going to need to see the doctor, and if you’re wrong, the time you spend being your own doctor could really harm yourself!
Nobody here at IBUSA is medically trained, and we’re certainly not doctors. All we ware is a bunch of life insurance agents who just happened to be really good at helping individuals find and qualify for the life insurance that they’re looking for.
So please don’t mistake any of the medical information that we talk about as medical advice because it’s not!
Trying to “prep” you for what it might be like to apply for a life insurance policy after you have been diagnosed with Peripheral Polyneuritis… that’s it! This brings us to our next topic, which is…
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 Peripheral Polyneuritis?
- Who diagnosed your Peripheral Polyneuritis? A general practitioner or a specialist?
- What symptoms led to your diagnosis?
- Do you know why you have developed Peripheral Polyneuritis?
- Have you been diagnosed with any other pre-existing medical conditions?
- How are you currently treating your Peripheral Polyneuritis?
- How has your disease progressed over the past 12 months?
- Are you currently taking any prescription medications now?
- In the past two years, have you been admitted to a hospital 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 Peripheral Polyneuritis. 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 Peripheral Polyneuritis will usually fall into one of two different categories that we can make some “assumptions” about that will generally hold true.
The first category of folks that we’ll encounter is going to be those who have been diagnosed with Peripheral Polyneuritis along with another pre-existing medical condition, which is believed to be causing them to suffer from Peripheral Polyneuritis. In cases like these, what we typically find is that the vast majority of applicants like this WON’T be able to qualify for a traditional term or whole life insurance policy.
This is when…
We’ll usually recommend taking a look at a Guaranteed Issue Life Insurance policy once we are certain that a client won’t be able to qualify for a traditional life insurance product.
The second group of folks that we’ll encounter with Peripheral Polyneuritis will be those who aren’t sure why they are suffering from this condition. These individuals will NOT have been diagnosed with any other pre-existing medical conditions and, in many cases, exhausted just about every “theory” about why they have developed Peripheral Polyneuritis.
In cases like these…
What we’ll typically find is that they may be able to qualify for a “high risk” or “sub-standard” rate assuming that they are otherwise healthy aside from the fact that they are experiencing these unusual symptoms.
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!