Finding life insurance can be quite the process for someone who hasn’t gone through the process before. That’s normal and expected. We see it all the time. Especially for individuals who have a health history.
Often individuals with any prior health concerns to discuss during the life insurance application process are hesitant to even apply for life insurance at all.
This shouldn’t be the case, and we have the goal in mind to change this mindset. While speaking to clients recently, a question came up about one of these previous health concerns and life insurance. Can you get life insurance with DVT’s (Deep vein thrombosis)? After years specializing in high-risk life insurance, here is what I can tell you.
So, can you get life insurance with deep vein thrombosis (DVT’s)? Yes, you can get life insurance with deep vein thrombosis. Deep vein thrombosis is considered a high-risk medical condition and can be severe. However, if other health factors are considered insurable, you can still obtain life insurance with DVT’s.
The key phrase in my previous statement referred to other factors of your health being considered excellent or insurable. That’s what it’s going to take to be approved for life insurance with DVT’s and to obtain life insurance that’s much more affordable with deep vein thrombosis than you may believe.
Here’s the information that you need to know.
Life Insurance with Deep Vein Thrombosis (DVTs)
Like all previous or current health conditions and life insurance, several areas of your health will be questioned and brought into the life insurance application process. This isn’t the end of the world, and it would take place whether you had DVT’s or not.
That’s just how life insurance works. Life insurance pricing and premiums are based on your overall mortality (chance of death). This is how life insurance companies remain solvent and always have a surplus of cash funds to pay death claims to loyal premium paying clients.
With DVT’s, nothing changes, and the process looks the exact same. You see, deep vein thrombosis indicates that you have veins lying below the skin and can cause pain, swelling and can be dangerous when it becomes blood clots.
The big concern is when DVT’s cause pulmonary embolisms or other health concerns as a result of no treatment or not actively taking steps towards fixing the situations.
With life insurance, they will want to investigate these factors about you DVT’s to determine your eligibility for life insurance and ultimately to determine what price you are going to pay for that life insurance coverage.
This moves us into the next section of the post where we will discuss what exactly the life insurance company will investigate about your health and your DVT’s.
What the Life Insurance Will Look at If You Have DVT’s or Had DVT’s in The Past
Anytime you have a health condition and apply for life insurance, the life insurance company you choose to work with is going to ask questions specific to the health condition and questions that are not specific to the health question.
When applying for life insurance with deep vein thrombosis, you can expect the life insurance company to ask questions such as the following.
Depending on your answers to these questions, you will have most of the information prepared and ready to relay to your life insurance agent. Or at least you should.
You see, it’s always better to enter the life insurance application process prepared and to have all relevant information ready to relay to your life insurance agent and the life insurance underwriting department.
It helps the process move much faster, smoother and typically keeps the underwriting departments that much more pleased that they have the information prepared to accurately underwrite your application which can lead to approvals and faster approvals.
Not to mention the fact that it can lead to you being approved for life insurance coverage at much cheaper rates. It’s also essential to always remember that it’s not always about just your DVT’s or any pre-existing medical condition for that matter.
The life insurance company enjoys and needs a full-scope overview of your total health to effectively judge your chances of being approved for life insurance coverage.
That moves us right along into the general questions you can expect about your health when applying for life insurance.
Other Health Considerations That Impact Applying for Life Insurance with DVT’s
Okay, so let’s assume you have already answered all the previous questions we just went over about your DVT’s, and you are moving right along through a smooth process of applying for life insurance.
Now, the life insurance company is going to inquire about more broad and general questions about your health.
Here’s a look at some of these topics and areas that you can expect the life insurance company to inquire about. Remember, the more information you have ready to go, the more transparency you have with your agent, the easier the entire process of applying for life insurance is going to be for you.
Plain and simple. Here’s a look at the second round of health questions you can expect.
Depending on the answers you provide during this part of the life insurance application process will determine your overall pricing and eligibility for life insurance. You see, these help the life insurance company understand much more about your health.
If your overweight or possibly obese, they may be more skeptical or charge more for your coverage because blood clots, lack of exercise and even tobacco use can be other hazards that make DVT’s much more dangerous.
The same can be said about family history. Even if your DVT’s are well treated, it’s essential to the life insurance company to understand if you have serious health hazards that run in your family.
Assuming you go through this part of the process and complete the free medical exam the company provides; you will be on your way towards your approval and finding out what your monthly rates will be.
Approval Chances and Likely Rating You Will Receive with DVT’s On Your Life Insurance
Shockingly, if your DVT’s are controlled, not resulting in pulmonary embolisms and the rest of your health is overall in good shape, you can still the receive the third best rating your life insurance (standard rating).
This is a good thing, and you should be pleased with this outcome potential. However, we can also assume that you answer a few of the questions above that indicate a few other health hazards. If this is the case, it will depend heavily on what the situation is and evaluated on a case by case situation.
Assuming this is the case, you can still be approved for life insurance coverage, but it may be elevated somewhat in price or declined altogether.
I’d love to give you a better answer than this, but it’s the truth, and it’s hard to narrow it down because I’m not 100% sure which of the questions may be the concern for your specific situation.
That’s why allowing a company such as us at Good Life Protection to hear your stories and help you obtain the lowest price and approvals for your life insurance. We represent over 50 of the top life insurance companies and always have plenty of options for our clients.
Always Shop Independent Life Insurance Agents Only to Keep Options Open
If you don’t want to use us for your life insurance, we also understand and no hard feelings. However, what we can tell you is that using a captive life insurance agency or agent is a big mistake. You should never be looking for life insurance with companies such as Farmers, State Farm or even USAA if you have previous health conditions.
The reason being is that they don’t have the option to shop prices or offer other companies. If they can’t ensure you or protect your family, you are entirely out of luck and will have to re-do the entire process. It’s not worth the time or the premium dollars to ever go this direction.
You should be using agencies that can shop your life insurance case with all companies and offer all options such as no-exam life insurance or even final expense life insurance. It’s the best approach and will always save you money doing so, but ultimately that choice is yours to make.
Don’t Forget That You Always Have Secondary Options That You Can Consider for Coverage
Another thing to be aware of is that you always have other options. If you have DVT’s and happen to be declined for life insurance because of the different circumstances we have discussed, you should still be exploring other options to protect your family and assets.
An example of this will be looking into to Guaranteed Issue Life Insurance if you are between the ages of 45-85. Great options for these policies are available. In fact, AIG offers one of the best we have seen, and we use them all the time.
AIG’s guaranteed issue product offers 10% interest earned during the 24-month waiting period, includes living benefits and covers accidental death at 100%. If you must use a policy like this, we can always replace it in a few months after we get your approved for traditional term life insurance.
The important thing when first applying for life insurance isn’t how you get it, and the fine print but the fact that you have some peace of mind and some protection is beginning for you and your family. That’s ultimately the goal, and that’s what we are specializing in handling.
We find an option for everyone and keep looking for the best possible opportunity until we have accomplished that goal, but again, the choice is always yours.
What Should You Do Next Applying for Life Insurance with Deep Vein Thrombosis?
If you believe us at this point that life insurance is possible at great rates with deep vein thrombosis. We recommend beginning the process by filling out the instant quote form on the screen.
This is going to display rates for you from over 50 of the top-rated life insurance companies.
Stick to an independent life insurance agent who can actively find you the best possible deal on your life insurance and everyone wins.
Final Word, Don’t Hesitate to Apply for Life Insurance with DVT’s. You Can Be Approved!
So again, let’s re-emphasize one more time. Can you get life insurance with DVT’s? Yes, absolutely. Life insurance with DVT’s is 100% possible, and we handle these cases all the time. Of course, like any situation when it comes to life insurance and your health history, other circumstances matter.
For the most part, however, we can secure affordable life insurance with DVT’s without much issue, and we can do it for you too. Start by comparing rates and speaking to an agent with knowledge dealing with high-risk life insurance and begin placing protection around your family and assets.
They deserve it, and so do you. So, what are you waiting for? Your protection awaits.
FILED UNDER – HIGH RISK LIFE INSURANCE
RESOURCES – Pvasatx
Josh Martin is the founder of Good Life Protection. He began his career as a captive Agent working for New York Life Insurance Company. After continued education and designations, Josh founded Good Life Protection to provide consumers with more options and insurance that truly fits into your budget and health classification.