When applying for life insurance, one of the biggest factors that an underwriter will consider is the applicant’s health. Therefore, any type of adverse condition such as Long QT syndrome could make qualifying difficult, if not impossible in some cases.
Life insurance is one of the best investments you’ll ever make for your family. It’s one of the few ways you can guarantee your family has the money they need, regardless of what happens to you. When you apply for life insurance, the company is going to review dozens and dozens of factors to determine how much they will charge you for insurance. One of the biggest factors they will review is your health and any pre-existing health conditions.
There are, however, ways to increase the chances of being approved for coverage, provided that you know how and where to apply, and what information is needed in order to improve the probability.
This post is going to look at how QT syndrome is going to impact your life insurance coverage and ways you can get the lowest rates possible. Don’t let your health keep you from getting the protection your family deserves.
What is Long QT Syndrome?
Long QT syndrome is actually defined as being a type of heart rhythm disorder. This condition can potentially cause heartbeats that are quite rapid – at times causing sudden fainting spells or even seizures. In more severe cases when the individual’s heart beats erratically for a long period of time, the condition could be fatal.
Many who now have long QT syndrome have been born with a type of genetic mutation that puts them at risk of acquiring the condition. There are also certain medications, as well as some medical conditions, that could potentially cause long QT syndrome in certain individuals.
The good news is that the condition can be treatable – or at least managed. Some ways to do so include limiting physical activity and avoiding medications that are known for prolonging Q-T intervals. Those affected with Long QT syndrome could also take medication that may prevent rapid heart rhythm.
Some individuals may require surgery or an implantable device in order to alleviate or help control their condition. Any of these methods could help when considering applying for life insurance coverage.
Understanding Life Insurance Health Ratings
When applying for life insurance, premiums are set in large part by risk class. This risk class is determined by the applicant’s anticipated life expectancy and other risk factors. Certainly, one of the biggest components that has to do with life expectancy is one’s health.
Those who have a current or past health issue may be assigned a “table” rating on their life insurance policy. This is an additional charge that may add between 15 to 200% to the amount of the premium, depending on the severity of the health condition.
The table rating is put in place in order to account for the additional risk that the insurer is taking on, as the likelihood of the insurance company paying out a claim while the policy is in force is increased.
For those who are afflicted with Long QT syndrome, the best case scenario for coverage approval would be to have the following factors present:
- No history of syncope / near-syncope or seizures
- No family history of sudden death (including sudden infant death syndrome) or unclear accidental death
- No pacemaker or defibrillator placement
- QTc of less than 0.500
- ECG otherwise normal
- Resting heart rate of greater than 60
- QT interval shortens with exercise
- Negative ambulatory monitor
As the above factors showcase the ideal situation, however, insurers understand that there will be many instances where applicants will not fall into all of these parameters. With that in mind, approval for coverage is still possible, it just may be at a higher premium rate or for a policy with certain restrictions.
How to Get Approved for Coverage with Long QT Syndrome
Certainly, with any type of adverse health condition, life insurance companies will typically need additional information prior to making an underwriting decision regarding an applicant for coverage. Depending on the severity of your condition and the amount of coverage you are applying for, you may be required to submit a blood and urine sample, and possibly undergo a medical examination.
In addition to submitting all of the necessary information, one of the best ways to increase your chances for approval is to work with an agent who specializes in working with high risk life insurance cases.
Every insurance company is going to have different medical underwriting and rating systems they use. That means all of them are going to view applicants with Long QT Syndrome more favorably. There are over 800 companies, and you’ll get wildly differing rates depending on the one you contact. Instead of wasting time calling those companies or researching them, let one of our independent brokers do all of the work for you.
Unlike a traditional insurance agent, we are a group of independent insurance brokers, which means we work with dozens and dozens of highly rated companies across the nation. Working with one of our agents can save you both time and money on your insurance coverage.
Not all insurance companies will approve those who are affected by Long QT syndrome. As an expert in high risk cases, we know know which insurers to turn to for your case – ultimately increasing your chances for approval. We will also submit a cover letter with your application that can help explain your individual situation and increase the chances of an approval.
Guaranteed Life Insurance
If you have any questions about getting life insurance as a high-risk applicant, please contact one of our agents today. We would love to answer those questions and ensure you’ve got the best plan possible. If you’ve been declined for life insurance, you may assume you can be approved for protection. That couldn’t be further from the truth. There are several ways you can get life insurance. One option is to buy a guaranteed acceptance life insurance.
These plans will accept you for life insurance, regardless of your health or any pre-existing health problems you have. There are no health questions and no medical exam required for these plans. All you have to do is answer a few basic questions about yourself, and then you have life insurance.
There are a couple of disadvantages of these plans you should be aware of before you buy life insurance. It’s vital you compare all of the pros and cons of each plan. The most notable drawback of these guaranteed issue plans is they are going to restrict how much coverage you can buy. Most insurance companies will you allow you to get around $25,000 worth of insurance. For most household, it won’t be nearly enough coverage. That’s one of the worst mistakes you could make for your family.
Another disadvantage to these policies to these policies is they are going to be much more expensive than a traditional policy. Without the medical exam or the health questions, the insurance company is taking a greater risk to give you life insurance. They are going to offset the risk by charging you higher premiums. If you want the lowest rates, you need to apply for a traditional policy with a medical exam.
One of the benefits of these policies is you can get approved for insurance much faster than you can with a normal policy. If you purchase a guaranteed issue, you can get life insurance in a matter of minutes. If you apply for a traditional policy, you could wait up to two months.
If you have any questions about getting life insurance as an applicant with Long QT, please contact one of our agents today. We would love to answer those questions and ensure you’re getting the best plan possible for you and your loved ones.
You never know what life is going to throw at you tomorrow, which means you shouldn’t wait another day to get the insurance protection your family deserves. If something tragic were to happen to you, and you didn’t have life insurance, your family would be stranded with a mountain of debt. Life insurance gives your loved ones the money they need to pay off those bills.
If you would like to get a quote for life insurance with Long QT Syndrome, call us at 888-552-6159 or fill out the form on this page.