Systemic Lupus Erythematosus and Life Insurance.
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 having been diagnosed with Lupus Erythematosus (SLE).
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Lupus Erythematosus (SLE)?
- Why do life insurance companies care if I have been diagnosed with Lupus Erythematosus (SLE)?
- 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 Lupus Erythematosus (SLE)?
Yes, individuals who have been diagnosed with Lupus Erythematosus (SLE) can and often will be able to qualify for a traditional term or whole life insurance policy. The said, however, Lupus Erythematosus is one of those “types” of pre-existing medical conditions that can make qualifying for a traditional life insurance policy much more difficult.
This is why…
Before being approved for a traditional life insurance policy, one should expect to be asked a series of medical questions about their Lupus Erythematosus and probably be asked to submit copies of one’s medical records along with their life insurance application.
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 SLE.
Why do life insurance companies care if I have been diagnosed with Lupus Erythematosus (SLE)?
The main reason why most of the top-rated life insurance companies are going to “care” if an individual has been diagnosed with Lupus Erythematosus is that it is a condition that can cause some individuals to suffer from some very serious complications. This is why we wanted to take a moment and discuss what Lupus Erythematosus is and highlight some of the most common symptoms that a life insurance underwriter will be looking for when making his or her decision about your life insurance application.
Lupus Erythematosus (SLE) Defined.
Lupus Erythematosus is an autoimmune disease that is caused when one’s own immune system begins to attack healthy tissues indiscriminately mistakenly. As a result, Lupus Erythematosus or Systemic Lupus Erythematosus can affect ones, skin, joints, kidneys, brain, etc…
Common symptoms may include:
- Joint pain,
- Skin rashes, particularly on the cheek or nose, often referred to as a “butterfly mask,”
- Alopecia (hair loss),
- Raynaud’s Phenomenon,
Serious complications may include:
While there isn’t a cure for Lupus Erythematosus, there are a variety of different treatments that have been found to help improve the quality of life of those suffering from (SLE) as well as minimize some of the most harmful symptoms of this disease. Treatment options may include specialized diets and the use of anti-inflammatory medications as well as steroids.
Before anyone gets too upset or beings complaining about the simplicity of our definitions that we’re using here, it’s important to understand that we here at IBUSA aren’t medical experts of 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 the ones described above find and qualify for coverage.
Which means that…
Because we’re not going to be the one “diagnosing” your condition and we’re certainly not going to be providing any advice on how to treat your condition, all we need to do is understand is how a life insurance underwriter is going to consider you as a potential “risk”. The good news is that despite how simply our definition may be, this is something that we actually have down pat!
Which is why…
When we are approached by an individual who has been diagnosed with any of these “kinds” of conditions, we’re going to know right away what questions a life insurance underwriter is going to want to know the answers too before he or she will be willing to make any kind of decision about the outcome of your life insurance application.
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked may be:
- When were you first diagnosed with Lupus Erythematosus (SLE)?
- Who diagnosed your Lupus Erythematosus? A general practitioner or a specialist?
- What symptoms led to your diagnosis?
- How are you treating your Lupus Erythematosus?
- Are you currently suffering from any symptoms related to your Lupus Erythematosus?
- In the past two years, have you experienced any “flare-ups”?
- 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 admitted into 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?
When it comes time to helping those who have been diagnosed with Lupus Erythematosus what you’re generally going to find is most life insurance companies will generally like to follow a rule stating that you will need to have been “symptom-free” for a minimum of two years before you will be able to qualify for a Standard or “Sub-standard” rate.
Which means that…
If you are currently experiencing symptoms related to your Lupus Erythematosus or you have experienced symptoms within the past two years, you’re going to want to be very “selective” with which life insurance companies you choose to apply with.
This is because there is a very good chance that you will be denied coverage if you choose the “wrong” company for you.
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.
Which 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 an SLE?
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!