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Life Insurance Options with Epilepsy and Seizures
If you need life insurance and were diagnosed with epilepsy, there are three questions you should ask yourself before you apply for any kind of life insurance. Still, before you ask yourself these questions, you need to understand what epilepsy really is and the various kinds there are. You also need to know if a medical exam or non medical exam life insurance policy is best for your health condition.
What Is Epilepsy?
It’s a brain disorder that’s described by a history of series. It takes place when the brain’s electrical system isn’t functioning properly. The outcome is convulsions when the body shakes violently. However, even if you have a seizure, it doesn’t mean you have epilepsy.
What Are The Kinds Of Epilepsy?
There are four kinds of epilepsy that people can suffer from:
- Petit Mal Seizure – This is known as an absence seizure; a brief disturbance in the brain that lasts up to 15 seconds because of the brain’s abnormal electrical activity.
- Grand Mal Seizure – This is known as a generalized tonic-clonic seizure that involves the whole body. With this kind of condition, epilepsy, convulsion and seizure are often used to describe it.
- Simple Partial Seizure – These are noted as being symptoms a person experiences – autonomic, physic, sensory and motor seizures. In these events, a person is completely awake, alert and can interact while it’s occurring.
- Complex Partial Seizure – The sufferer is typically awake but not aware of their surroundings, usually lasting up to two minutes. It’s often a warning sign.
3 Questions To Consider Before Applying For Life Insurance
Is It Possible To Attain Life Insurance After An Epilepsy Diagnosis?
The short and simple answer is yes, but it’ll be dependent upon the answers to several questions:
- When your first diagnosis was
- What kind of seizure you have
- When the last time your seizures occurred
- How often do they take place
- Were you hospitalized for them
- Medications you currently are on
How Much Should I Expect My Life Insurance To Cost?
There are about 16 different rate classes life insurance companies use to dictate cost. The class rate you qualify for will determine what kind of cost you’re hit with.
- A person who hasn’t had a major seizure in the last 10 years, has had no history of seizures and is taking no medication will qualify for the best rate class with the lowest premium cost.
- The majority of well-controlled clients with absence seizures and haven’t had a seizure in the previous two years can attain a standard rate class.
- A person who suffers from serious seizures will be offered a below standard rate class or may have to ponder on a burial life insurance policy that comes with no health questions or medical exam.
Your situation is unique and that is where your independent life insurance agent can help. Your agent should be asking you the above questions in order to find out which companies you can qualify for and which ones give you the best chance at affordable coverage.
What’s The Application Process Like?
A guaranteed issue policy isn’t hard to do at all. Everybody in the required age bracket can qualify for the guaranteed issue policy. How much you can get will range from $5,000 to $30,000. A majority of final expense insurance or burial insurance policies have a graded death benefit limitation that offers a full death benefit that’s paid after the policy has been active for at least two years.
If you’ve not had a seizure in more than 10 years, you may want to consider getting a life insurance policy that doesn’t involve an exam. Or, you can attain a fully underwritten policy, which will require a medical exam as part of the process. An examiner will come to your home, checking your weight and height, and taking urine and blood sample.
These results will then be processed and looked at by the underwriter of the life insurance company.
The carrier will ask for doctor statements and medical records in addition to the medical exam. They will also carry out a search on the prescription database to see if you’re currently taking medication and what you’ve taken previously. The underwriter will assess the risk level and assign you a class rate after analyzing all of this information.
Every Insurance Carrier Is Different
When it comes to insurance carriers who will offer an epilepsy life insurance policy, each one is different. After all, competition is a major factor in what drives businesses. For that reason, carriers tend to focus on “niches” to earn a market share and stay competitive. It’s important you know the life insurance niches when it comes to preexisting conditions and high risk cases. LifeInsuranceBlog can freely choose and shop for our clients from numerous life insurance carriers. It’s extremely important you work with an agency that’s not bound to one carrier and can shop around with your application.
Why Should You Consider TermLife2Go?
When you work with LifeInsuranceBlog, you’ll be provided with an assigned agent that will work hard to find an insurance company that will write you an affordable policy even if you have an epileptic disorder. LifeInsuranceBlog agents work hard to find their clients with existing health conditions affordable life insurance.
Give us a call today at 888-411-1329 and let us help find a solution to your problem.
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