When it comes to getting life insurance coverage, having a debilitating condition may add to the cost of the policy. This is true for those want life insurance with arthritis to protect the family finances in case the worst should occur. Let’s look at few stats from reliable source before we go in more details:
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According to NIHS (National Health Interview Survey) –
Approximately 52.5 million of people have doctor diagnosed Arthritis in the USA based on data 2010-2012 and upon the data collected in 2003, the number of Arthritis diagnosed people aged 18 or more will rise to 67 million (25% of total population) by 2030.
So, there are a lot of stats available about Arthritis diagnosed people in the USA. We only can assume that the scenario will become worse in future by looking at the numbers we have currently.
What is Arthritis?
There are several different types of arthritis, but essentially it is the destruction of the tissues in the joints. In essence, the cartilage and other tissues in the joints stiffen and swell which causes considerable pain making it difficult to move. For seniors in particular, arthritis can be a very debilitating, painful condition that makes it even more difficult to move. There are two basics types of arthritis;
- Rheumatoid: Here, the joints are being attacked by the immune system of the body.
- Osteoarthritis: This is a joint disease which attacks the cartilage and breaks it down.
In both cases, the joints become inflamed which causes considerable pain and reduce the range of motion. Millions of people suffer from arthritis around the US with symptoms ranging from mild to severe and sometimes completely debilitating. Generally speaking, arthritis is easy to diagnose and while there is no cure, treatment consists of pain killers, eating food that do not cause inflammation and exercise to keep full range of motion.
Getting life insurance at 65 with arthritis can be difficult, not because arthritis is life threatening, but because it can be so debilitating that it may lead to contractive a more serious medical condition especially for seniors.
Life Insurance Approval with Arthritis:
Obtaining life insurance benefits for arthritis patients is not easy, but it can be done if you focus on the companies which offer the coverage. Insurance companies will need to know the following;
- How long have you been diagnosed with arthritis?
- What medications are you using?
- Has the arthritis caused a deformity or inability to move properly?
- When was the last lab test performed for your arthritis?
Essentially, the more severe the condition of arthritis, the higher the premiums will be in terms of life insurance for senior people. This means that a higher premium will be paid even for those in the early stages of arthritis with little to no deformity. Once the questions have been answered, most people will qualify for arthritis life insurance and generally pay from 10% to 30% or more for the policy based on the severity of the arthritis.
Choosing Affordable Coverage:
You can choose affordable life insurance with arthritis by getting arthritis life insurance quotes that will vary between companies. If the arthritis that you have is severely debilitating, then it is possible you may not qualify for standard coverage and must choose a guaranteed issue life policy which accepts everyone, although the premiums will be very high.
However, you may lower the premiums of your life insurance with arthritis by lowering the amount of the benefits or bundling the policy with others from the same company. In any event, it is possible to obtain life insurance if you have arthritis if you take the time to look.