Curious to know how sarcoidosis and life insurance impact each other? To start, it will have an impact. You won’t be eligible for discounts on most occasions, but we can help you secure an affordable life insurance policy without having to use any last resort types of policies.
Those who apply for a policy with a medical history involving sarcoidosis need to make sure they’re dealing with the right company. This is first, and foremost, key ingredient to getting the best rate.
If you need life insurance and sarcoidosis is something you deal with, continue reading below to find out all the factors of how sarcoidosis impacts life insurance underwriting. We’ll also go over the importance of using the right carrier in greater detail.
It’s true that sarcoidosis and life insurance are more closely tied to high risk life insurance categories. Because severe cases of sarcoidosis can cause major cell damage and potentially cause death or disability, an underwriter has to be careful when approving coverage based on the risk you may pose to the insurance carrier.
To better understand how it’s a risk, here is how National Heart, Lung, and Blood Institute says about sarcoidosis:
Sarcoidosis can affect any organ in your body. However, it’s more likely to affect some organs than others. The disease usually starts in the lungs, skin, and/or lymph nodes (especially the lymph nodes in your chest).
Also, the disease often affects the eyes and liver. Although less common, sarcoidosis can affect the heart and brain, leading to serious complications.
If many granulomas form in an organ, they can affect how the organ works. This can cause signs and symptoms. Signs and symptoms vary depending on which organs are affected. Many people who have sarcoidosis have no signs or symptoms or mild ones.
While it can have major impacts on significant organs, the last line is the most positive. Because many people don’t have sings or symptoms of sarcoidosis, a vast majority of those who apply with us can get Standard rates. This does, however, assume the rest of your overall health is under control. Any additional concerns could worsen your rate.
There are many different signs and symptoms of sarcoidosis, and along with these there are different treatments or medications required. Each one not only has a specific impact, but so does the location of the symptoms, the time frame in which they occur, as well as your history of remission.
Yes, you can be declined. The big kickers are usually in regards to time frame and location. If you currently have symptoms, or have had them within the last 180 days, there’s a good chance you would need to wait or be declined. With location, any major organs (such as lungs, heart or brain) which are impacted may result in a decline.
If you’ve had signs and symptoms of sarcoidosis and life insurance hasn’t been ruled out yet, you could fall into what are called Sub-Standard rates. Let’s say you did have scarring of the tissue in your lungs, but you’ve recovered. If the time frame is long enough, you could receive a low table rating approval.
Another instance of Sub-Standard rates could be if you are dealing with a relapsed case of sarcoidosis. Sometimes, remission ends and the sarcoidosis and its symptoms return. Depending on some of the same factors as above, you could be approved but at Sub-Standard rates. You are at a high risk for chronic sarcoidosis which could even get you a declined decision based on its location and severity.
If you or someone you know has or has had sarcoidosis and life insurance is a necessary financial tool for you and your family, don’t put the outcome into inexperienced hands. Let us help you. Contact us today for an accurate quote so you know what to expect, and how much you could expect to pay.