Typically, whenever we get call from someone who is asking about getting life insurance while suffering from a pre-existing medical condition like anemia, it’s usually because they have already applied for life insurance elsewhere and either, didn’t get approved for life insurance that they had applied for, or they didn’t get the “rate” that they were hoping for.
Now just because someone has already applied for coverage…
Elsewhere isn’t a big, in fact, we can often use this previous use the information learned during this initial life insurance application as a “road map” for what we need to do next.
If it turns out that the client has been denied coverage or has been postponed coverage due to their anemia, we should have a general idea about what they will need to do in order to improve their situation and get the coverage that they were hoping for!
We’ll also be able to “shop” their new life insurance application with dozens of different life insurance quotes from traditional term and whole life insurance carriers as well as no medical exam life insurance options simultaneously. This way we can increase their chances at getting a great life insurance approval.
That being said however..
There are a few things that we need to understand before we can get started. Primarily, we need to understand what is causing your anemia? After all, anemia generally isn’t “exact” medical condition, rather it’s a symptom of a medical condition which in our case will need to be identified. The only problem is, that there are a lot of potential reasons why someone may be anemic. Many of which aren’t all that serious, while a few of them are in fact very serious.
And there lies the problem, because before an insurance company will be willing to provide coverage for you, they’re going to want to know why you’re anemic.
Common causes of anemia that can typically be resolved quickly will include:
- Normal menstruation.
- Iron deficiency.
- Anemia related to pregnancy.
- And poor diet.
Now assuming that your anemia is a result of one of these conditions, and not due to a more serious medical condition, it’s quite likely that you should be able to reapply for another life insurance policy pretty quickly and still be eligible for a Preferred or Preferred Plus rate class, assuming that you would otherwise qualify.
That being said however…
There are other more serious causes of anemia that will need to be ruled out by your primary care physician before most, if not all life insurance companies will be willing to take you on as an acceptable risk.
More serious causes of anemia can include:
- Anemia due to a chronic disease or infection.
- Anemia due to kidney disease.
- Sickle cell anemia.
- Anemia due to bone-marrow disease.
- Aplastic anemia.
- Hemolytic anemia.
- Medication related anemia.
So whatca got?
In most cases, when someone has had their life insurance application postponed due to being anemic, unless there is an obvious reason for their anemia that has been resolved, we’ll typically recommend that they go to their primary care physician for a complete check up.
This way we can rule out any potentially serious causes of your anemia, as well as receive their recommendation on how to resolve why you’ve become anemic.
Then once resolved, all you would need to do is re-apply for coverage, take a new medical exam and you should be good to go.
Now if your anemia…
Happens to be due to a more serious condition, or is likely to continue for a prolonged period of time, at least now, after you’ve visited your primary care physician, we’ll have the necessary information to see if we can’t still get you approved for coverage and/or improve the rate that you originally applied for.
In fact, this is what we do…
You see here at InsuranceBrokersUSA, we have chosen to remain and independent life insurance brokerage that is able to work with dozens of different life insurance companies so that when we are presented with a challenging case like someone with anemia, we don’t need to rely on just ONE insurance carrier.
Instead, we’re able to compare the underwriting guidelines of dozens of different insurance companies so that we have a much better chance of helping you find the best possible life insurance policy that you can qualify for.
And the good news is…
That you’re not alone, in fact, according to Iron Deficiency Anemia – American Family Physician, nearly 2 percent of adult males in the United States suffer from anemia, while 9-12 percent of non-Hispanic white women, and nearly 20 percent in black and Mexican-American woman. Which is probably why we’ve had so much experience working with folks who are anemic and why we’re a great option for you to consider when if you’re still looking for coverage.
So, what are you waiting for? Give us a call today and see what we can do for you!
You may also be interested in reading some of our follow up articles that focus on Guaranteed Issue Life Insurance Policies.