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Life insurance is one of the most important purchases you’ll make during your lifetime for the future protection of your family. It is hands down the best way to ensure that your loved ones will have financial security should anything tragic happen to you unexpectedly.
In most cases, you must agree to a medical exam in order to purchase a life insurance policy. This is because an insurance company wants to assess the risks involved with insuring you as an individual. For those individuals with Lupus, taking a medical exam is very important as the disease can be quite serious.
However, if you have Lupus and do not want to take a medical exam, there are options for you which we will discuss in this article.
First, let’s get a general understanding of life insurance with Lupus.
Life Insurance Coverage With Lupus
If you are shopping for life insurance and have been diagnosed with Lupus, you may experience some frustrations. As a high-risk medical condition, Lupus is an inflammatory, autoimmune disease that occurs when the body attacks its own organs. The two most common types are Systemic and Discoid Lupus.
There is no cure for the disease, but many treatments are available that help people live normal lives. Currently, the cause for Lupus is unknown, but it does occur mostly in women during their childbearing years. In the past, there were many Lupus fatalities, but with advancements in medical treatments, fatalities are now rare. However, because the severity in Lupus diagnoses does vary, and it is a disease marked by flare-ups, many life insurance companies are hesitant to insure those who have it.
That is not to say that it’s not insurable, though. In fact, the best way to learn more about life insurance with Lupus and to apply for coverage is through an independent life insurance agent. With access to dozens of carriers who are Lupus-friendly, an independent agent like the ones at lupuslifeinsurance.com can help you navigate the process.
One of the biggest factors when applying for life insurance with Lupus will be your medical exam. Typically most insurance carriers will prefer that you take an exam so they can gain a comprehensive understanding of your health status. However, if you have reasons for not wanting a medical exam, there are still options for you.
What Is No Medical Exam Life Insurance?
A no medical exam life insurance policy is a way to skip paperwork and exams while obtaining a small amount of life insurance coverage. People with health concerns can still find coverage without a medical exam, but may pay more and have less protection.
The most common reasons clients purchase non-med life insurance, include:
- They want to avoid the stress of a medical exam, mostly because doctor’s visits make them uneasy and they do not like having blood drawn
- They are too busy and cannot make time for an exam
- They need insurance quickly, perhaps for something like a collateralized loan
- They only require a small amount of life insurance
You can obtain life insurance quotes for non-med exam coverage by only answering a few medical questions over the phone. You should know that depending on your answers, your premiums may be higher.
Systemic Lupus and No Medical Exam
Systemic Lupus is considered the more severe type of the two. Because it can cause damage internally to a body and lead to other serious medical conditions, it is typically difficult to insure. Most life insurance carriers will ask a series of targeted questions and want to see results from a medical exam.
Without a medical exam, Systemic Lupus is declined for most term life insurance.
However, because we work with dozens of companies, we have access to one carrier that will insure you up to $150,000 with guaranteed level premiums to age 100. This is only if you’ve never been declined before and aren’t on disability. For more information on this company, please contact us directly at info@lupuslifeinsurance.com or by phone at 877.574.9920 for a free no-commitment consultation.
Guaranteed Issue Whole Life
When you apply for life insurance coverage without a medical exam for Systemic Lupus, you will be eligible for a Guaranteed Issue or “GI” Policy. With a Guaranteed Issue Whole Life, there are no health questions at all. This means that almost anyone can qualify, although the cost is high for the reduced benefits that you receive.
If you’re between the age of 40 to 80, you can qualify for Guaranteed Issue Whole Life up to $25k, with no questions asked.
The Guaranteed Issue Whole Life policies are generally the ones you’ll see advertised on television, where they say “you can’t be turned down for health reasons.” These are usually purchased by people in poor health or advanced age who cannot qualify for a lower cost option.
Burial Insurance with Systemic Lupus
Without a medical exam, you can receive burial insurance up to $25,000. Contact us to learn more.
Discoid Lupus and No Medical Exam
As the less severe of the two types, Discoid Lupus does qualify for non-med term life insurance. If you have Discoid Lupus, you can get coverage up to $500,000 as long as you’re not taking any steroids. It should be noted that non-med companies will run a pharmacy report to check for this, so it’s important to be honest about your health condition.
Get A Life Insurance Quote for Non-Med Lupus
Shopping for life insurance can seem overwhelming, especially if you have Lupus and do not want to take a medical exam. When you work with an independent agent, the process will be easier, faster, and more efficient. At lupuslifeinsurance.com, our agents are well versed in Lupus and will help you navigate the application process, whether you want a medical exam or not.
Because we work with dozens of companies, we are able to find you the best possible coverage at the most affordable rate. When you work with us, you have an advocate for both you and your family. Our experience in placing high risk life insurance cases is second-to-none, and we have agents ready to help you today.
If you have your information ready, fill out the form to the side for an initial quote or contact us directly at 877.574.9920 for a free no-commitment consultation.
