When beginning your search for life insurance with anemia you will end up paying too much for a policy if you don’t do your research first. Life insurance with anemia is considered a high risk life insurance condition meaning many companies will charge you higher premiums if you do not apply with the correct carrier. Anemia is a condition which comes in many different severities so many cases of people searching for life insurance with anemia will be on a case to case basis. Your ability to achieve a certain rating will be based upon how severe your anemia is, the direct cause of the anemia, and the treatment being used for your anemia.
The first thing you may be surprised to hear is in some instances anemia may not impact your life insurance ratings or premiums at all. However, some moderate or severe cases can benefit from working with an agency who has access to over 50 carriers because of how much money can be saved. A very important thing is to understand your anemia, and then we will do the job of determining which is the best policy for you, and how much you can expect to pay for your policy.
Anemia, or iron deficiency anemia, occurs when there is a lack of iron within the body. Iron is so important in the body because it helps with blood transportation and poor transportation can lead to many issues occurring in the body. Anemia is normally caused by one of two factors.
The first being a very innocent case of anemia which is when accelerated growth is experienced during puberty and growing years because more blood is needing transported quicker than usual. This can normally be solved by iron medication.
The other cause is much more serious since it is not natural and can cause much more serious issues. Low iron levels could be a sign of further issues such as digestive problems, liver complications, and a variety of other possibilities. In this second case finding life insurance with anemia becomes more difficult, but you still can find an affordable policy if you work with a high risk life insurance agency.
We have already covered the fact life insurance carriers consider life insurance with anemia to be a high risk condition. This means some carriers may offer much better rates than other carriers. Before we help you apply for a policy we will ask you questions regarding your specific case of anemia. These fact finding questions will help us transfer your information to company underwriters so they can make tentative offers for your life insurance. This gives you the advantage of knowing about how much you can expect to pay for a policy because we all like saving money right? Some of those questions we may ask you regarding life insurance with anemia would include:
Your responses to these questions will give us the chance at pairing you with the best policy for your situation. The more accurate information you can provide us the better.
The important thing to remember regarding life insurance with anemia is you can get coverage. It may take a bit longer, but it will save you time and money in the long run. If you are curious about purchasing life insurance with anemia please reach out to us directly and we will be happy to help you with what is available.