Looking to discover your options for life insurance with arthritis but can’t seem to find the answers you’re looking for?
Buying life insurance with arthritis is easier than you may think. Most carriers will consider it a mild to high risk life insurance policy, but this won’t mean it should be any extra work for you. We’ll do it for you.
Get The Best Life Insurance With Arthritis
Approximately 1 in 10 adults will deal with arthritis in their lifetime. Even children can develop arthritis. It has a widespread impact, and ranges from mild to debilitating.
Life insurance companies understand this, and they are used to offering coverage for people with many different types of arthritis. But as a consumer, you need to understand what your options are, where you’ll find the cheapest policy, and how to go about getting approved.
Know Your Type
There are several different types and more than one level of severity when it comes to arthritis, and life insurance rates will be impacted by both factors. Begin by finding out your exact type of arthritis.
- Acute Arthritis — acute arthritis is, as the name implies, a short term bout with arthritis, usually due to injury, infection. Symptoms are slight, can be controlled with basic medication or treatment, and it will dissipate entirely over time.
- Osteoarthritis — osteoarthritis is what many older persons experience. Also named hypertrophic or degenerative arthritis, it tends to worsen over time. Anyone may develop mild to severe osteoarthritis, although those who are overweight or have sustained injury are more prone.
- Ankylosing Spondylitis — a harsher form of arthritis, ankylosing spondylitis is a localized condition, primarily in the spine, lower neck, or tailbone. Higher on the severity scale, it can be a painful and immobilizing type of arthritis, with symptoms quite similar to rheumatoid arthritis and is not limited by age.
- Rheumatoid Arthritis — rheumatoid arthritis (RA) is a very harsh form of chronic arthritis, affecting tens of millions of Americans. Rheumatoid arthritis may develop abruptly or over time, however most individuals will experience many symptoms within five years, and some are unable to work after a decade. Rapid weight loss, running a fever, and developing anemia or anemic symptoms are common.
- Juvenile Rheumatoid Arthritis — as the name implies, it is the version of rheumatoid arthritis affecting children under the age of 18; even infants can be impacted by JRA, also called Still’s Disease. The earlier age of onset, the greater chance of disability or developmental difficulties. Although many younger persons could improve, many see lifelong impairments of some kind.
Ratings You Can Expect
Understand that each person will see varying results. Underwriting consists of many, many variables. Your past health, current health, and family history will all play a role in determining what risk classification you’ll get. You could even be denied.
So, what health related factors are underwriters looking for when evaluating someone for life insurance with arthritis?
- Your current age
- Your age at diagnosis
- Your type of arthritis
- Your affected tissues (joints, bones, other)
- Your relapse history (if any)
- Your treatment history (if any)
- Your medications
- Your height and weight
- Your family history
- Your other health history
There are also other factors which may or may not come into play, such as whether or not you smoke (or have in the past), whether or not you have a criminal or impaired driving record, and more.
Considering all these aspects, one could potentially get as high as Preferred. This rating would be reserved for those with relapsed or extremely mild cases of arthritis. Anyone diagnosed with a more serious type, like rheumatoid, will not receive better than a Standard. For moderate to severe cases, a rated policy or potential decline could be given.
The most serious cases may need to use a graded or guaranteed life insurance product, meaning the type of policy which has relaxed or no underwriting. This might sound nice, but it will be more expensive and death benefit amounts available to you will be lower. We always suggest going through a fully underwritten process before using these, unless your agent is certain there is no alternative.
Understanding your unique situation and what may be made available to you is the first step. Realistic expectations followed up by expert advice will help guide you. Questions? Feel free to contact us.