Last Updated: May 2020
If you want affordable life insurance with arthritis, but don’t know how to get it, take a couple of minutes to read this brief article to gain a better understanding.
We know buying life insurance can be a complicated process, but if you have severe health complications like arthritis, it can be even more frustrating.
Finding an affordable life insurance policy can seem impossible if you have arthritis. Luckily, there are several affordable options for life insurance that will protect your family.
- Life Insurance With Arthritis
- Getting Affordable Life Insurance With Arthritis
- Taking the Next Step To Purchase Life Insurance With Arthritis
Life Insurance With Arthritis
As mentioned a moment ago, life insurance is definitely possible with arthritis but will be based on the type of arthritis you have, the severity of the condition, and the degree of control achieved by medications.
There are two main types of arthritis: Rheumatoid arthritis or Osteoarthritis.
Rheumatoid Arthritis and Life Insurance
Rheumatoid arthritis affects 30-40 million Americans. It can develop rapidly and half of the individuals diagnosed with rheumatoid arthritis will develop some form of disability within five years. Within 10 years, half of those with rheumatoid arthritis have to stop working due to disability.
Keeping this in mind, the best rating you can expect is Standard. If you have more frequent joint pain, stiffness, and some deformity, you can expect a Table 2 life insurance rating.
If you have severe pain and you’re unable to work, a Table 4 life insurance rating can be expected.
If your rheumatoid arthritis has already affected the heart or lungs, a decline will most likely be the result.
However, you will be able to qualify for graded death benefit life insurance.
Osteoarthritis and Life Insurance
Osteoarthritis is most often seen in older individuals and really is just part of growing old in our opinion. You can treat osteoarthritis with Aspirin or any other anti-inflammatory medication.
Standard life insurance rates can be expected here, but we’ve seen preferred rates for very mild cases with no other underlying health issues.
Each company has different standards for people with arthritis. This is the information we need to find the lowest rates:
- When were you diagnosed?
- What type of arthritis?
- What tissues are involved? (joints only, heart, lungs, central nervous system)
- Has the condition ever completely disappeared? (if so, when? Did it relapse?)
- What medications do you take? (dates used, quantity, frequency)
With this information about your arthritis, we’ll be able to obtain accurate rates and truly find the best life insurance rates on the market.
It will take an agent experienced in underwriting arthritis to obtain the most favorable rates.
We can take all of your info to over 60 companies.
Getting that perfect plan isn’t easy, we know this.
But it doesn’t have to be as hard as you think. Our agents can do the work for you.
Our agents have years of experience working with high-risk life insurance with different types of arthritis.
These applicants assumed that they wouldn’t be able to get life insurance coverage at a rate that they could afford, but this isn’t true.
Getting Affordable Life Insurance With Arthritis
There are several ways that you can improve your chances of being approved for coverage and getting the lowest monthly rates possible. It’s important that you get the best plan and the lowest possible price.
Before the insurance company approves your application, you’re going to have to take an exam.
The exam changes how much you pay.
Worse results mean worse premiums. If you want to skip the exam, you can buy a no exam policy, but it won’t be the cheapest option.
Now, exercise and a diet. Both can work wonders on your health as well as help you secure lower rates for your insurance policy.
This can help you lose weight, lower your blood pressure, and lower your cholesterol, all of which are going to translate into lower monthly premiums and more money in your pockets.
If you want to guarantee you’re getting life insurance, you need to partner up with one of our independent agents.
Our brokers can compare the quote and make sure it’s the lowest possible rate.
Additionally, our independent insurance agents can help you decide which type of plan is going to fit your needs and they can help you calculate what your insurance needs are.
Not having enough life insurance could leave your family with leftover debts.
It’s vital that you get enough life insurance for your loved ones, but you don’t want to get too much coverage and spend more than you have to.
Taking the Next Step To Purchase Life Insurance With Arthritis
Hopefully, all of this information answered all of your questions about getting life insurance with arthritis. If it didn’t answer those questions, or it left you with more questions, just give us a call.
We would love to clear up any confusion and start you on the life insurance process.
You can get life insurance with one phone call, why would you wait any longer?