Life insurance is one of the most important purchases that you’ll ever make for you and your family. It’s the best safety net that you can buy and one of the few ways that you can ensure that your loved ones are going to have the money that they need if anything tragic were to happen to you.
Buying life insurance can be a long and frustrating process. There are several different types to choose between and thousands of companies that you have to compare if you want to find the best policy to fit your needs.
If you have any health complications or are in poor health, it can be even more difficult to get the best insurance, especially if it’s a condition as severe as Lupus. If you’ve ever been told that you can get life insurance protection because of your health, that couldn’t be further from the truth.
If you're in the market for life insurance and have Lupus, please take a few minutes to read this article.
We'll share with you the kind of life insurance offers you can expect with Lupus and what we need to know to find you the best rates available.
First, lets start by disclosing we're an independent life insurance agency that has access to over 60 life insurance companies. We've helped dozens of our clients find affordable life insurance with Lupus. In most cases, they were previously declined or paying too much.
We have extensive experience in underwriting life insurance with lupus and will share with you what you can expect below.
Lupus Information We Need From You
Most people with Lupus are paying too much or are unnecessarily declined because their agent wasn't experienced in underwriting the risk. We have the experience to find you the best rates, but we'll need detailed information, including:
- Date of diagnosis
- Type of Lupus (Systemic or Discoid?)
- Which organs/tissues have been involved? (skin, kidneys, central nervous system?)
- Has the condition disappeared completely? (if yes, date of last required treatment?)
- If the condition has ever disappeared, has it relapsed? (if yes, we need dates and details)
- What medications are you taking? (NSAIDs, Antimalarials, Steroids, Immunosuppressives?)
- Any other underlying health concerns?
If a life insurance agent doesn't ask these questions, they are just guessing at your rates. This is necessary information to secure you the best life insurance possible with your Lupus.
Lets get into what you can expect now.
We've divided our results between Systemic Lupus and Discoid Lupus. If at any point, you have any questions, please feel free to call us or fill out the form on the right and we'll get in touch with you. We understand our industry jargon can be a bit confusing.
Life Insurance Ratings with Systemic Lupus
Life insurance rates with Systemic Lupus will vary depending on the level of organ involvement, time since diagnosis and the response to treatment over the years.
- Preferred is not available for Systemic Lupus
- Age at onset under 20 years old = decline
- Age onset 20 and over:
- Diagnosed in the last 12 months = postpone
- Diagnosed 1-3 years ago - Table 8 range
- Diagnosed 3-4 years ago - Table 6 range
- Diagnosed 4-5 years ago - Table 4 range
- Diagnosed 5+ years ago - Standard (rare) or Table 2 rating
- Additional rating information:
- If age onset is over 60, subtract 2 tables
- If treated with higher dose steroid, then add 2 tables
- On disability - Decline
- Serious symptoms such as lung, cardiovascular, kidney or CNS involvement - Decline
The best case scenario with Systemic Lupus is if no current treatment is needed. If you haven't received any treatment in over 5 years, you can qualify for Standard or Standard Plus rates! If you quit treatment 3-5 years ago, Standard is possible, but most likely a Table 2. If you ceased treatment 6 months - 3 years ago, you're looking at a table 4.
Life Insurance Ratings With Discoid Lupus
If systemic Lupus has been ruled out, Discoid Lupus with no complication can get standard life insurance rates. Here are some guidelines:
- Preferred is not available
- Best case with no oral steroids and favorable lab results will be Standard - Standard Plus. However a recent diagnosis will be a Table 2.
- Low dose oral steroids (<15mg per day) - add 1 table
- High dose oral steroids (15mg or more per pad) = decline
Life Insurance with Lupus Case Studies
Lets take a look at real cases from some of our clients.
Case Study #1
Age 40, non-smoker
5'6 137 lbs
Diagnosed with Systemic Lupus at age 33
No organ involvement
Symptoms include malar rash and mild arthritic pain
She takes NSAIDS only (no steroid use)
No disability or evidence of depression
Best Offers: Table 2 with Banner, Protective, Axa and a few other companies were the best Bad Offers: Table 4-6 with Prudential, American General and others.
Case Study #2
Age 69, non-smoker
Diagnosed with Systemic Lupus 20 years ago
Mild symptoms only
Take intermittent low dose steroid
Best Offers: Table 2-3 with Prudential and a few other carriers
Bad Offers: Table 8 with Axa, Banner, Nationwide
Can you see how Banner and Axa were the best rates for case study #1, but the worst rates for case study #2? In this case it's because of the steroid use, but how is a life insurance agent supposed to know that? Only a high risk life insurance specialist would know the ins and outs of underwriting these policies.
The lesson here is that every life insurance carrier will view your Lupus differently. Some more favorably than others. The key in finding the best rate is finding an expert who is familiar with your risk. Finding the right life insurance company could be the difference between getting an affordable policy or getting denied coverage.
The life insurance agent/agency you choose is ultimately responsible for securing you the best rates available. Make sure you're working with someone experienced with your risk.
If you think you're paying too much for your life insurance or have been declined, our team at RootFin.com welcomes the opportunity to earn your business. Remember, we work on behalf of YOU and not any life insurance company.
There are several ways that you can secure lower insurance rates for your life insurance plan. One of those is to improve your health in several different ways, and one of those is to start getting regular exercise and sticking to a healthy diet. Both of these are going to help you receive better results from the medical exam, which will translate into lower monthly premiums. Another way to improve your health is to eliminate any tobacco that you currently use. For example, smokers are going to pay much more for their insurance than a non-smoker is going to pay. In fact, smokers are going to pay twice as much for the same amount of coverage.
Another way to get the best rates is to work with an independent insurance agent. Unlike traditional insurance agents, we work with dozens of companies across the United States and can help you compare several companies all at once. Additionally, we also know what companies are going to view your condition favorably.
If you have any questions about life insurance or about the different kinds of plans that you can buy, please contact one of our agents today and we would be happy to answer those questions and ensure that you’re getting the best policy to fit your needs. We understand that finding the best plan can seem impossible, but it doesn’t have to be that difficult, we can make the process quick and easy.
You never know what’s going to happen. You can’t predict the future, but you can always plan for the worst. Don’t wait any longer to get the protection that you and your family deserve. Not having life insurance is one of the worst mistakes that you can make for your loved ones.
If anything tragic were to happen to you and you didn’t have insurance coverage, your family would be responsible for all of your debts, which could easily equal hundreds of thousands of dollars. They would have to pay off your mortgage, student loans, car payments, and much more. All of which could make an already difficult situation a thousand times worse. Contact one of our agents to get the insurance protection that they deserve.