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Qualifying for Life Insurance with Polycystic Disease.


Life Insurance with Polycystic Kidney Disease.

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 Polycystic Kidney Disease.

Questions that will be addressed will include:

  • Can I qualify for life insurance if I have been diagnosed with Polycystic Kidney Disease?
  • Why do life insurance companies care if I’ve been diagnosed with Polycystic Kidney 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’ve been diagnosed with Polycystic Kidney Disease?

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

That said, however, being able to qualify for coverage isn’t going to be a given, especially if you’re over the age of 40 when applying.

Why do life insurance companies care if I’ve been diagnosed with Polycystic Kidney Disease?

The main reason why a life insurance company is going to “care” if you have been diagnosed with Polycystic Kidney Disease is that in addition to potentially decreasing the effectiveness of the kidney itself, Polycystic Kidney Disease can also cause someone to suffer from a wide range of complications as well.

This is why…

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

Polycystic Kidney Disease Defined:

Polycystic Kidney Disease is a disease that is characterized by “clusters” of fluid-filled sacs, called cysts. These cysts then interfere with the kidneys’ ability to filter waste products from the blood.

Common symptoms may include:

  • Hypertension or high blood pressure,
  • Back or side pain,
  • Headaches,
  • Feeling of fullness or “tightness” in one’s abdomen,
  • Enlarged kidneys,
  • Hematuria, blood in the urine,
  • Kidney stones,
  • Etc…

Serious complications may include:

  • Kidney failure,
  • Growth of similar cysts in the liver,
  • Development of brain aneurysms,
  • Heart valve problems,
  • Etc…

Unfortunately…

There really isn’t any type of “cure” for Polycystic Kidney Disease, which is why most treatment will focus on trying to manage one’s symptoms and treating/preventing any serious complications from arising. In extreme cases, one may need to undergo a kidney transplant or receive dialysis.

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 Polycystic Kidney Disease?
  • Who diagnosed your Polycystic Kidney Disease? A general practitioner or a specialist?
  • What symptoms led to your diagnosis?
  • Have you been diagnosed with any other pre-existing medical conditions?
  • Have you been prescribed any prescription medications?
  • Has your doctor suggested you may need to go on dialysis or receive a kidney transplant?
  • 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 Polycystic Kidney Disease. 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 Polycystic Kidney Disease will usually fall into one of three different categories that we can make some “assumptions” about that will generally hold true.

Category #1.

The first group of individuals that we’ll typically encounter are those who have been diagnosed with Polycystic Kidney Disease before age 40 who aren’t suffering from any kidney impairment. In cases like these, what we’ll typically find is that as long as they don’t suffer from any other pre-existing medical conditions, there is a “reasonable” chance that they will be able to qualify for a traditional life insurance policy at a “high-risk” category, usually a Table D-H rating.

Category #2.

The second group of folks that we’ll encounter will be very similar to our first group however, these folks will usually be diagnosed with Polycystic Kidney Disease after the age of 40. In cases like these, applicants may still be able to qualify for coverage only know they’ll probably end up qualifying for a rate somewhere around D-J (a little worse than D-H).

Category #3.

The last group that we may encounter will be those who have been diagnosed with Polycystic Kidney Disease and are beginning to show signs of “kidney impairment.” 

In cases like these, what you’re going to find is that most (if not all) of the top-rated life insurance companies will be unwilling to insure someone for a “traditional” life insurance policy, which is when we’ll typically advise that some of our clients should consider a Guaranteed Issue Life Insurance Policy.

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!

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