Life Insurance For Lupus Patients
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Few life insurance companies will provide life insurance for Lupus patients. Therefore, the majority consider Lupus to be an automatic decline regardless of the persons overall health. Those that have lupus and want a policy, do have options, they just need to know where to look.
Some well rated insurance companies that will offer permanent insurance to Lupus sufferers. They offer plans with simplified underwriting. This means that the applicant answers questions on an application. The insurance company will then review medical records on the MIB “Medical Information Board” to determine if the answers are accurate. This process is much faster with policies being issued in 2 to 5 days.
There are also a number of companies that offer guaranteed issue policies that anyone can obtain. A plan without underwriting should be the last resort however, as the rates can be much higher than a standard plan. They usually have a graded death benefit and higher rates than the simplified issue plans. Companies also run programs which can be advantageous to the client by offering them a table program. Table programs allow the client to get a standard policy rating when they would normally have a sub standard policy. Sub standard policies have much higher premiums compared to a standard table rated policy.
We work with hundreds of insurers and would be happy to help you find a life insurance policy. Please feel free to call or email us at any time. As a side note, the Lupus foundation of America is a good resource for those who have been recently diagnosed with Lupus. Click here for the site LUPUS FOUNDATION OF AMERICA SITE
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