Last Updated: June 2020
Living with Scleroderma makes getting approved for life insurance difficult.
Our clients have told us some horror stories of obtaining coverage and it doesn’t have to be this way if you ensure you work with a qualified agency with experience working with high-risk life insurance.
We’ve helped numerous people find affordable life insurance with Scleroderma and will explain what to expect in this article when you decide to apply for coverage.
- Life Insurance and Scleroderma
- Possible Rates You Can Expect For Life Insurance With Scleroderma
- Recent Scleroderma Life Insurance Case Studies
- Bottom Line, Life Insurance With Scleroderma is Possible To Obtain
Life Insurance is Boring. Let’s Get To The Root Of It! Here are the key takeaways…
To be approved for life insurance with scleroderma, the life insurance company will want to see that that the scleroderma has only impacted localized areas such as the hands and the face and that the scleroderma is not progressing rapidly.
Life Insurance and Scleroderma
The most favorable Scleroderma life insurance risks are localized where it only affects the skin on your hands and face and develops slowly.
It rarely spreads or has serious complications.
Tough life insurance cases (but definitely still doable) for Scleroderma are in the form of “Limit Disease” a.k.a. CREST syndrome.
Many companies will decline you for coverage with scleroderma, but we are able to find coverage in most of these cases, which we’ll explain below.
Where you’ll have trouble finding life insurance coverage is if your Scleroderma is systemic and affects large areas of your skin and organs.
Best offers are given to those who:
- Stay active
- Don’t smoke
- Manage heartburn (avoid the foods that cause heartburn)
- Protect skin from the cold
Here’s the information we’ll need for a personalized quote. Don’t listen to agents who forget to ask questions like these:
Agents who don’t inquire about the questions below are simply guessing and the rates and approvals they promise are nothing more an attempt to earn your business without truly understanding the best options for your situation.
- Smoking Status
- Date of Diagnosis
- Form of Scleroderma and areas of the body involved
- Medications or treatment being taken
- Any evidence of progression?
- Results of testing (EKG’s or Pulmonary)
- Any other health issues?
Possible Rates You Can Expect For Life Insurance With Scleroderma
Before we tell you what to expect, you need to understand life insurance table ratings.
Basically this is an added charge to the standard rate.
Each table is usually around 25% more expensive. So a table 2 would be Standard rates + 50%. Table 4 would be Standard rates + 100%.
You get the idea.
With that said, here’s what you can expect as far as pricing goes for life insurance with scleroderma.
- Localized Scleroderma will be a best-case scenario as Standard, most likely a Table 2. Preferred rates are not available for anyone with Scleroderma.
- CREST or “limited” Scleroderma will be a minimum of Table 4, with decline’s possible under more severe circumstances.
- *For both localized Scleroderma and CREST, if you’re taking any steroids or immunosuppressive drugs, you’ll add another 2 tables to your rating.
- Diffuse systemic disease will be a decline with traditional carriers, but we have graded death benefit policies available.
- If your Scleroderma has no skin involvement and just organ involvement, it will be a decline for traditional carriers. Again, we have graded death benefit policies available for this.
Recent Scleroderma Life Insurance Case Studies
Case Study #1
Male, Age 56, Non-Smoker. Diagnosed with Scleroderma 7 years ago. Skin involvement only. No complications or evidence of progression. Consistent documentation of favorable testing.
We were able to obtain Standard rates (with several carriers)!
Case Study #2
Female, Age 45, Non-Smoker. Diagnosed with CREST 18 months ago. Mild, non-progressive, and no involvement of internal organs. No treatment required except for the treatment of acid reflux.
She was declined before coming to us. We obtained a Table 4 rating and she was ecstatic with the offer.
Guaranteed Acceptance Life Insurance Is Always a Viable Backup Plan With Scleroderma
If you have scleroderma that has advanced more rapidly or impacted more serious areas as opposed to the hands or the face, you may struggle to get approved for traditional life insurance coverage.
While this may seem daunting or leave you feeling helpless, it is important to understand that you still have other options you can consider for your life insurance coverage.
Hands down, the most popular form of life insurance to consider when you can’t be approved for traditional life insurance is guaranteed acceptance life insurance.
These policies require no medical exam and your scleroderma will have no impact on your approvals.
In exchange for a 24 month waiting period for your coverage to become fully active, you will be provided coverage with virtually no questions asked.
Typically, coverage amounts will range from $5,000-$35,000 in coverage and after the 24 month period has passed, your coverage will become fully active and act just like any other whole life insurance coverage policy.
We usually recommend companies such as AIG or Gerber Life Insurance Company if you need to consider this option for your coverage needs.
Bottom Line, Life Insurance With Scleroderma is Possible To Obtain
We have a lot of experience in securing life insurance with Scleroderma and know which companies will look most favorably at the risk.
When you apply for life insurance with scleroderma, it is imperative to work with an agency who has experience underwriting these cases and an agency that has dozens of life insurance companies for you to choose from.
At the end of the day, this and only that going to give you the best chance at being approved and the best chance at being approved for coverage at the lowest rates possible.
We’d appreciate the opportunity to evaluate your risk and you can rest assured we’ll be providing you with the best rates available.
Hi. My wife , 55 has systemic scleroderma. Diagnosed two years ago. Treats at Mayo clinic. Only has reflux issues. No progression. Also on coumadin for Factor 5 blood disorder. She is fit, hikes everyday and works fulltime. Never smoked. Please advise. Thanks! Live in Minnesota
Hi Tim, We’d have a few questions but from the basics it appears she should qualify for affordable coverage easily. Fill out the quote form on this page and someone will be in touch.