I am a type 2 diabetic, I don't take insulin. I am also on High Blood Preasure Medicine as well as Bayer can I get Life Insurance?
Total Comments: 4
Posted: Wed Aug 18, 2010 01:05 am Post Subject:
You have two strikes against you. If found to be insurable, which will most likely require an "Attending Physician's Statement" as part of the underwriting process, you will probably be rated substandard and pay a significantly higher premium for your coverage. I've placed similar coverage for a person in their 30s, and they were rated "Table VI" (base premium + 150% = 2.5 x the base premium).
Some companies are more liberal in their underwriting, but reinsurers are clamping down with their own right of refusal under what's known as a "facultative" agreement. An insurer with a reinsurance "treaty" would be more likely to accept your business.
Posted: Thu Aug 19, 2010 03:30 am Post Subject:
Do you control blood surgar with medicine or diet? What are you bp numbers? What's your regular blood sugar reading at? What's your A1C (that's the biggy).
What about height and weight?
If blood pressure isn't over 140/90 treated, there are carriers that will give you select or standard plus rates (even on medication).
Are there any other health issues? The quick answer is you most likely can get coverage. Depending on some finer details, you might even be a slightly better than standard issue. And even if you are standard, that's a lot better than being rated, which is what Max is talking about.
It's usually best to work with someone who has a few different companies to work with. Each company is different and interesting in underwriting different risks. Some companies are willing to go so far as to "buy" certain business (intentionally offering rates that may not be profitable to pick up clients for future potential profitable business).
Again short answer is yes, but be carefull. One bad underwriting decision at a company, can lead to a matched underwriting decision at companies that may have given you a better offer if you'd gone there first.
Posted: Fri Sep 10, 2010 01:20 pm Post Subject:
Just don't go for the no-exam kinda policies. Remember, that it might be a challenge whenever you file a claim.
Posted: Fri Sep 10, 2010 05:10 pm Post Subject:
One bad underwriting decision at a company, can lead to a matched underwriting decision at companies that may have given you a better offer if you'd gone there first.
To avoid this, submit your application for life insurance on a COD basis. The insurer does not report their findings to the MIB unless you accept the coverage.
Posted: Wed Aug 18, 2010 01:05 am Post Subject:
You have two strikes against you. If found to be insurable, which will most likely require an "Attending Physician's Statement" as part of the underwriting process, you will probably be rated substandard and pay a significantly higher premium for your coverage. I've placed similar coverage for a person in their 30s, and they were rated "Table VI" (base premium + 150% = 2.5 x the base premium).
Some companies are more liberal in their underwriting, but reinsurers are clamping down with their own right of refusal under what's known as a "facultative" agreement. An insurer with a reinsurance "treaty" would be more likely to accept your business.
Posted: Thu Aug 19, 2010 03:30 am Post Subject:
Do you control blood surgar with medicine or diet? What are you bp numbers? What's your regular blood sugar reading at? What's your A1C (that's the biggy).
What about height and weight?
If blood pressure isn't over 140/90 treated, there are carriers that will give you select or standard plus rates (even on medication).
Are there any other health issues? The quick answer is you most likely can get coverage. Depending on some finer details, you might even be a slightly better than standard issue. And even if you are standard, that's a lot better than being rated, which is what Max is talking about.
It's usually best to work with someone who has a few different companies to work with. Each company is different and interesting in underwriting different risks. Some companies are willing to go so far as to "buy" certain business (intentionally offering rates that may not be profitable to pick up clients for future potential profitable business).
Again short answer is yes, but be carefull. One bad underwriting decision at a company, can lead to a matched underwriting decision at companies that may have given you a better offer if you'd gone there first.
Posted: Fri Sep 10, 2010 01:20 pm Post Subject:
Just don't go for the no-exam kinda policies. Remember, that it might be a challenge whenever you file a claim.
Posted: Fri Sep 10, 2010 05:10 pm Post Subject:
One bad underwriting decision at a company, can lead to a matched underwriting decision at companies that may have given you a better offer if you'd gone there first.
To avoid this, submit your application for life insurance on a COD basis. The insurer does not report their findings to the MIB unless you accept the coverage.
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