If you’re considering life insurance with migraines as a part of your medical history, you may want to make sure you are well informed before applying.
At Waterway Financial Group, applicants looking to buy life insurance with migraines are rarely turned down, but it’s not impossible. Typically, you also may miss out on discounts if you don’t apply correctly.
When looking for a policy and something like migraines are a concern of yours, the following will help you to realized why some companies see it as a threat, what you can do to secure an approval, and what ratings you can expect.
While you know how terrible a migraine might feel when you get them, you may not realize it can have a definitive impact on your ability to not only qualify for life insurance, but to get a policy at affordable rates.
What exactly is a migraine? According to MedlinePlus:
Migraines are recurring attacks of moderate to severe pain. The pain is throbbing or pulsing, and is often on one side of the head. During migraines, people are very sensitive to light and sound. They may also become nauseated and vomit.
Migraine is three times more common in women than in men. Some people can tell when they are about to have a migraine because they see flashing lights or zigzag lines or they temporarily lose their vision.
Many things can trigger a migraine. These include
- Lack of food or sleep
- Exposure to light
- Hormonal changes (in women)
A well documented history of at least a year will usually be sufficient in helping you obtain coverage at a Standard rate, as long as the cause is nothing which heightens the severity of the issue. If, however, you do deal with brain tumors, sinusitis, meningitis or brain inflammation (encephalitis) you will have to resort to the medical underwriting of that particular health concern where migraines would be considered a symptom.
Here are some of the questions you’ll need to answer with as much detail as possible to ensure you’re being quoted accurately:
Migraines, if there is no clear catalyst, can be harmful to your ability to qualify because an underwriter can’t measure the amount of risk from a number of possible causes. In this instance, you could be turned down or postponed until there is sufficient information and documentation about what is causing the migraines. If extensive work has been completed in attempting to discover the cause but none can be determined, your application would be approved on a case-by-case basis.
While most carriers view this risk category the same, there are a few which are less selective when it comes to life insurance with migraines. Take this into consideration before applying, as even a slight difference in rating could be a drastic change in premiums.
Some other factors which will be taken into consideration are:
Issues with blood pressure or a negative family history which correlate to migraines could have a negative impact on your approval rating. Obviously, all of these factors combined with your full medical history, driver’s record, MIB report and more can shape your profile in many ways. If you’re considering life insurance with migraines as a regular concern, you’ll want to have all treatments and medications from the past year at your disposal as well.
If you’re looking for life insurance and migraines are something you deal with, please don’t hesitate to contact us so we can assist you. We are both knowledgeable and experienced in dealing with all types of standard life insurance and high risk life insurance applications. We will make sure you get the most accurate quote the first time.