How do I find the best life insurance with Addison’s Disease?
It is important to understand that not all life insurance companies underwrite the same. Some companies underwrite heart condition’s the best, others underwrite diabetes better than others. So, it is important to find the one carrier that underwrites life insurance with Addison’s disease the best.
Because Addison’s disease affects hormone production and can impact overall health, insurance may see it as a higher risk. But, if your condition is stable and well managed there is also the possibility of a standard offer for coverage.
The number one secret to finding the best rates
Using an independent life insurance agency who specializes in finding protection for those with pre-existing medical conditions, high risk hobbies an occupations will offer you the best chance of finding the lowest rates.
An agency that has the experience an expertise and that works with several different insurance carriers will be your best option. Fortunately, you have landed on this page. We have over 35 years in the special risk life insurance marketplace.
Questions needing for underwriting life insurance with Addison’s disease
- Male or Female
- Date of Birth
- Height/Weight
- Any tobacco use in last 5 years
- Date of diagnosis
- Treatment or prescription medications
- Any other medical conditions
- Any family history of heart disease or cancer before age 60
What to expect during the application process
Medical questions about your diagnosis, treatment and health history. Possibility of a medical exam and/or blood tests. Underwriting life insurance for Addison’s disease will typically take 4-6 weeks to complete. After the full underwriting is completed the carrier will provide you with a final offer.
As a general rule we will have already have provided you with a tentative offer for coverage after our assessment of your medical history and our discussions with the underwriters.
Once the final offer is returned we will compare this to the original tentative offer and determine if it is satisfactory. If so, the coverage can then be bound and placed in force through the acceptance of the final offer.
Plan Of Coverage
As important as the underwriting portion of the application process is, it is also important that the correct policy plan be chosen. One way to help determine the amount of coverage needed is to use an online calculator. Once the amount of coverage is determined it is important to pick the correct type of plan.
Term life insurance is typically used as the least expensive way to provide protection for such things as:
- Mortgage Protection
- Paycheck Protection
- Children Education
- Business Loan
But, it is important to remember that term life insurance is temporary coverage and once the term period ends costs can increase dramatically.
Permanent life insurance coverage such as whole life or universal life offer more lifetime needs of coverage such as:
- Final Expense Planning
- Estate Planning
- Charitable Giving
Whatever your need for coverage is it is important to speak to a financially professional. If you would like a free consultation to see if you can find affordable coverage, please call Mike Raines at 678-207-8160 or mike@specialriskterm.com
