When you apply for a life insurance policy, one of the most important factors is your current health condition.
For those who have Hepatitis B, it is possible to be approved for life insurance at standard premiums. This article will help you understand the application process and how to make adjustments to your lifestyle to ensure you are getting the best rates.
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Can You Get Life Insurance with Hepatitis B?
Hepatitis B is a type of serious liver infection that could, in some instances, lead to life-threatening complications.
There is currently no cure for Hepatitis B, and people who have the condition will typically pay more for a life insurance policy. This is because having Hep B can easily get you placed into a high-risk category for most insurance companies.
However, there are many people who make a full and successful recovery from Hepatitis B and have been able to take out standard life insurance policies with affordable premiums.
How to Apply for Life Insurance with Hep B
The life insurance underwriters that review your application will consider several factors in their decision process.
These will typically include:
The insurer may also require additional medical records like blood samples, urine samples, or other related documentation.
Make sure that you are clear on your condition, any treatments, tests, medications, and any follow-up treatment that you may be scheduled for in the future.
Is Life Insurance More Expensive with Hepatitis B?
If you are approved for coverage with Hep B, you will likely be charged a higher than average premium.
However, if your condition is shown to be under excellent control, it’s possible to qualify for standard rates.
It’s often considered a positive if you have received – or are currently receiving – treatment for your condition, and if you have completed regular follow-up visits per your doctor’s orders.
It is also important to show that various healthy choices in your lifestyle have been made, such as no tobacco or alcohol use.
How To Get The Best Rates with Hepatitis B
Insurance companies will evaluate several different factors when determining your life insurance costs. These include your health, family history, and occupation.
While some factors are out of your control others can be changed to assure you get the best rates.
It Pays to Live a Healthy Lifestyle
First, you should eliminate any of those bad lifestyle habits, like excessive drinking or smoking.
If you’re a smoker or use chewing tobacco, then you are going to pay a much higher amount for your coverage. This means that continuing smoking is going to cost you thousands of dollars over the life of your policy.
Anything you can do to improve your health can make a major difference in your premiums. As an applicant with Hep B, you already have one red flag on your medical record, but that does not mean that you shouldn’t improve your health.
Insurance companies will require that you go through a medical examination as part of the underwriting process. The results of the exam play an important role in your premium rates. If you can lose weight or lower your blood pressure before the exam, your rates can be significantly better.
Compare Rates from Top Providers
Each insurance company will have a slightly different underwriting and rating system. That means that the quotes you get from two different companies could vary wildly.
companies are going to offer applicants with Hep B lower rates compared to other companies. The best way to get better insurance rates is to make sure you ware working with an insurance carrier that understands how to underwrite for your specific case.
Our independent insurance agents work with the best insurance companies across the country and know exactly which company will match up best with your specific needs.
Guaranteed Coverage with Hepatitis B
For anyone who has ever been rejected for a life insurance policy or does not wish to go through the underwriting process, they can purchase a guaranteed issue policy.
These policies are issued by only filling out a set of health and lifestyle questions. You will receive your premium rates and once the first premium is paid the policy will be in effect. The turn around time for a guaranteed issue policy can be as little as one week.
Should You Consider A Guaranteed Issue Policy?
The purchase of a guaranteed issue policy may seem like a no brainer, but there are some drawbacks.
The policies are typically very limited in the amount of coverage you can receive ($25,000 is the top amount of guaranteed issue coverage offered by most companies). For most people, this is not enough to make sure all of their families needs are covered.
The plans are also much more expensive per dollar of coverage when compared with traditionally underwritten policies. Without the health information or medical exam, the company is taking a higher risk. They offset that by charging higher rates.
Find the Best Life Insurance with Hepatitis B
There are many insurers that offer life insurance coverage to those who have hepatitis B – and in many instances, the premium rates are very affordable.
In getting your application through the approval process, there are also several things that you can do to ensure a more positive result.
First, it is essential that you work with an agent who has experience with Hepatitis B cases. A knowledgeable agent can help you to compare the different companies that offer policies to those with hepatitis B, and which plan may be best for you.
An Independent Agent Can Help
Your application will likely require additional information and documentation. So, having an agent on your side who is already familiar with this process can help you get coverage at the best rates.
If you have Hepatitis B and would like to get a quote for life insurance, contact us at 800-712-8519, or fill out the form on this page and we will get in touch with you.