There are two types of Lupus- systemic and non-systemic. Most insurance companies will decline systemic Lupus, but there are several that will accept people with non-systemic Lupus. Often, these plans may be graded, meaning you wouldn't get the full benefit immediately, but after a few years it would be full value. There are also guaranteed issue insurance plans that can provide some coverage.
A licensed broker can help you find a plan that will be the best for your situation.
An individual with systemic lupus (SLE) that has been in remission for an extended period of time can possibly get a table rated policy, depending on their full medical history. This would be a medically underwritten policy, and not graded (rather, it would pay 100% of the death benefit from day one for death by any reason except suicide in the first two years). If a medically underwritten policy is unavailable, they can get simplified or guaranteed issue life insurance, which would probably be graded in the first few years of the policy.
The less common types of lupus (discoid, drug-induced, and neonatal lupus) are generally less serious, and can have normal life insurance ratings.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Life insurance is based upon the law of large numbers. Hundreds of thousands of people have died with Lupus. From that experience companies can evaluate the effect that Lupus has on individuals. The medical information available to an underwriter will help them categorize the extent of the risk. The company actuary will have determined the statistical risk. In combination a premium can be developed for all but the most extreme risks.
That is a great question. As the fine folks above me have said, your luck at finding a policy may depend upon your Lupus. I really think that finding an experienced independent agent can make the difference for you. An independent agent can shop several companies for you, and find a better fit. The problem for you will lie in the Guaranteed issue policies, if that is the route you end up having to take. Some can be pricey, and the trick is to find the shortest grade with the highest possible return for you during it. If you would like some more help, please contact me, and I'll make some time to go over this privately with you. Good luck, and thanks for asking!
President, The Firm of Steven H. Kobrin, LUTCF, 6-05 Saddle River Rd #103, Fair Lawn, NJ 07410
Yes. I have done it. It takes some diligence and finesse. The key is finding an underwriter with a very high comfort level with this condition.
The fact of the matter is that different insurance companies have preferences for underwriting different kinds of risks. The distributor I use must have a very strong connections with companies that like to underwrite lupus.
Once I have this leverage, I have to make sure that all the quote data I collect is thorough and accurate. If the client is willing to work with me, and go through full disclosure, and cooperate with obtaining medical records, then we can put together a very strong case that you are not only eligible for coverage, but that underwriting guidelines could and should be applied aggressively.
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A licensed broker can help you find a plan that will be the best for your situation.
The less common types of lupus (discoid, drug-induced, and neonatal lupus) are generally less serious, and can have normal life insurance ratings.
The fact of the matter is that different insurance companies have preferences for underwriting different kinds of risks. The distributor I use must have a very strong connections with companies that like to underwrite lupus.
Once I have this leverage, I have to make sure that all the quote data I collect is thorough and accurate. If the client is willing to work with me, and go through full disclosure, and cooperate with obtaining medical records, then we can put together a very strong case that you are not only eligible for coverage, but that underwriting guidelines could and should be applied aggressively.