Trying to find affordable and obtainable life insurance with a lingering health history is never any fun. At least that’s the vibe we get from time to time. It doesn’t make it any less important or essential, however.
Protecting our families in the event the unexpected happens is always top priority, and it should be.
Obtaining life insurance with Paget’s disease is one of those conditions we are referring to. We often get calls from our clients or individuals wishing to purchase life insurance, and they often have several questions about the process. Especially when a health history is part of the conversation.
Recently, the question that was posed to me was concerning Paget’s disease. Can you still get life insurance with Paget’s disease? After years in the life insurance industry and specializing in high-risk life insurance, here is what I can tell you on this topic.
So, can you get life insurance with Paget’s disease? Yes. You can get life insurance with Paget’s disease. Paget’s disease does not disqualify you from obtaining life insurance. If the rest of your health is generally good, life insurance is still possible and affordable with Paget’s disease.
I’m sure that this may have some of you experiencing a bit of relief knowing that you are in good shape to still obtain life insurance with Paget’s disease. I’m glad, and that’s the goal here today.
I want to illustrate and break down what obtaining life insurance with Paget’s disease will look like, and some active steps you can take to ensuring the process of applying for life insurance is as simple and straightforward as possible.
At the end of the day, all we want is to protect our families with minimal hassle.
I get that, and I hope this article can help you reach that goal. Let’s dive into the details.
More About Paget’s Disease and Why the Life Insurance Companies Become Concerned
First and foremost, it’s essential for you to understand that it’s not the Paget’s disease that will ever hold you back from obtaining life insurance (in most circumstances). You see Paget’s disease itself doesn’t necessarily carry the risk of passing away prematurely by itself.
Passing away prematurely is what the life insurance companies are the most worried about at the end of the day. They like to attempt to predict mortality tables on individuals based on prior data to ensure they are always maintaining their obligations to the loyal premium payers.
For the most part, they do a fantastic job at accomplishing this. This is good news for you all the way around, trust me.
Paget’s disease is a disease that commonly impacts individuals over the age of 50 that currently has no cure. It’s possible that medications can slow and help treat the condition, but as far as curing Paget’s disease completely, it’s not in the deck of cards yet.
Paget’s disease is a bone disease in which your bones in your body slowly begin to break down and can often cause mobility issues and, in some cases, severe pain.
Again, this is okay with the life insurance companies in some circumstances assuming that other factors on your health history look somewhat clean.
What the Life Insurance Companies Care About Most with Paget’s Disease
If you have never gone through the life insurance process before, it can be somewhat intimidating. I can tell you (not a sales pitch) that it’s not nearly as bad as you think if you take some time to plan properly.
Life insurance companies are not out to get you. They are out to help you, but they have rules to follow like any legitimate business that’s operating on legitimate terms. If you have Paget’s disease, they don’t immediately just take your file and shred it and never discuss the options with you.
What they do is much different. Trust me. I began specializing in high-risk life insurance several years back and understand the process inside and out. With Paget’s disease, they are going to be much more concerned with the surrounding factors.
For example, how many medications is it taking to control the condition? Are any of the medication high end or narcotic style painkillers? I know you may be thinking, why would the medication matter? Well, think back to my opening line for a moment.
I explicitly stated that life insurance companies prefer to predict what may happen in the future based on data they already have.
Well, medications and especially strong pain medications are known to impair driving, have overdose potential and other side effects. This is when obtaining life insurance will have a few more questions, but again, it’s still 100% doable.
Specific Questions the Life Insurance Companies Will Ask About Your Paget’s Disease
Now, let’s get down to the nitty-gritty for just a moment. Let’s cover the specific questions you can anticipate flying at you quickly if you have Paget’s disease. I didn’t make these up either so the more information you can honestly relay to your life insurance agent about your condition, the better.
Questions You Can Expect to Be Asked About Your Paget’s Disease by The Life Insurance Company.
What’s the Current State of The Condition?
This question wants to know how Paget’s disease is currently being treated and how that treatment is working. The life insurance company will want to see that you are not getting worse and the bone deformations aren’t rapidly progressing. If it’s not, you are still in good shape.
What’s Your Current Lifestyle and Fitness Levels?
No, the life insurance companies do not care if you have 6 pack abs. What they are curious about is if you have made any changes to your lifestyle to help combat back against the Paget’s disease. Often with a disease such as Paget’s, changing your lifestyle can make a huge difference.
Life insurance companies love when you make changes in your life for the better.
What Medications Are You Currently Taking for Paget’s Disease?
We hit on this already briefly, but it’s essential to discuss it one more time. This part of the application process is imperative that you are honest with the life insurance agent and company. Why may you ask?
Well, they can easily verify by running an electronic Prescription report check.
Not to mention life insurance companies love when information lines up with what you tell them and all other data, they can collect during the application process. Remember, honesty is always crucial when applying for life insurance and will obtain you better rates than you may be thinking.
What’s Your Current Height and Weight?
This is also a significant factor when applying for life insurance with or without Paget’s disease. Height and weight can contribute to many other problems and certainly make Paget’s disease more difficult to manage if you call into a class that’s above average weight and you don’t’ care about yourself or general health.
Life insurance companies are not only worried if your weight is too high concerning the Paget’s disease itself but also want to ensure that you don’t run the risk of future blood pressure issues, heart problems or developing much worse medical conditions that could make you a higher risk than they anticipated.
Are You Currently a Smoker or Tobacco User?
I think this is obvious why the life insurance company prefers to know if you are a smoker. Also, relax, if you are a smoker, we can still get your coverage quickly.
Smoking is a top known question that life insurance companies like to ask because it can reflect your attitude towards your health and certainly shorten your overall life span.
Again, if you use tobacco products, relax, we can get you covered.
Are You Diligent with Following Up with Your Doctor and Advise-In Relation to Paget’s Disease?
This is another major question the life insurance companies will ask you. First and foremost, this goes to show how much you care about your health and doctors go to school for 8 years for a reason.
If there is someone who can help you manage the condition and prolong a healthy life, it’s going to be your doctor, not the plumber.
Life insurance companies are aware of this and take this question seriously. Keeping this in mind, they often order what’s known as an APS or “Attending Physician Statement” to verify your follow-ups and check in how the condition is currently going for you.
This is another critical spot always to be brutally honest with your agent and the company. The more honest you can be, the more understanding about the situation the life insurance company will be if they just know upfront.
If you have missed some visits, that’s fine, just explain that to your agent and explain why and everything will turn out just fine.
Non-Specific Health Questions to Paget’s Disease the Life Insurance Company Will Ask You
Now is when the life insurance company will start digging in further to general health. Some of the questions we have already covered, but the life insurance company will also want to check the following information.
Premiums and Ratings, You Expect to Receive If You Have Paget’s Disease
If you currently have Paget’s disease and it’s well controlled, you can expect to likely end up getting a standard rating for your life insurance (3rd best rating). This is very good, and you should 100% take advantage of this situation.
If you have other lingering health concerns in addition to the Paget’s disease, you can expect to receive sub-standard ratings on your life insurance. This again isn’t the end of the world.
It just means your premiums may be higher if you fall into this group of individuals.
What If You Have Been Declined Life Insurance with Paget’s Disease?
If you have been declined life insurance with Paget’s disease, you need to be considering other options. Great options still exist, especially if you are over 50 years old. For instance, American General Life Insurance offers one of the best-Guaranteed Issue products money can buy.
It’s not only built to include living benefits and accidental death, but it also includes 10% interest earned during the 24-month waiting period for full coverage and will require zero medical questions to be asked during the process.
This is a sure-fire away to cover final expenses and another end of life expenses that can begin placing a burden on your family if you continue to delay the process. Remember, some life insurance will always be better than no life insurance at all.
Not to mention the fact that if you end up going this route, we can still replace the policy if your condition gets better over time and swap the premiums for you when we are able to get you approved for a traditional life insurance policy. This is a win-win to ensure you have done everything you can to protect your family and afford you peace of mind at the end of the night.
Always Work with An Independent Agent Only, Not Captive Life Insurance Agents
Trust me when I say this. Captive life insurance companies are not built to help you in these situations. I can’t tell you how many clients we speak to that have been declined by companies such as Farmers or even USAA.
They are just aren’t built to absorb any risk and don’t have underwriting guidelines that can help you be approved.
Not to mention, when you work with a captive life insurance agent, you limit yourself to having only the one option, and if it doesn’t work, you are entirely out of luck.
The same applies to other companies that “claim” to offer an easy process with no medical exam required such as Ethos Life Insurance company. Don’t fall for these advertising setups as they are built to fail ultimately.
Let an independent life insurance agent help you have over 50 plus options and ultimately place protection for your family and yourself. You deserve it, and so does your family.
What You Should Do Next to Apply for Life Insurance with Paget’s Disease
If you are confident like we are that this can be a walk in the park, you can begin by filling out the quote form on the right-hand side of your screen or if you are on mobile, use the orange tab at the top of your screen.
When you do this, you can begin viewing rates from 50 of the top-rated life insurance companies.
This ensures you are really getting all the options and have the best chance at approval at the lowest rates. It’s our promise to you that we will work on the case until we get it done.
Final Word, Life Insurance is 100% Possible with Paget’s Disease, Stop Procrastination Today
At the end of the day, it’s essential to realize that life insurance with Paget’s disease is 100% doable and we do it all the time. Not only can you be approved but you can be approved at rates you will likely be delighted with.
All it takes is a few minutes to get started and begin protecting your family, assets and everything you have worked so hard to accomplish.
So, now that you know life insurance with Paget’s disease is entirely possible, what are you waiting for? Get started today and let someone at Good Life Protection show you how easy this really can be.
Your Peace of Mind Awaits.
FILED UNDER – HIGH RISK LIFE INSURANCE / OSTEOPOROSIS
RESOURCES – NeckCare.Org
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.