Finding an affordable life insurance policy with Hemophilia can be quite the challenge.
The good news is there is hope.
At High Risk Life Insurance Agency, we specialize in “high risk” life insurance.
Our 2 Minute Promise
Stick with us for two minutes, and you’ll have two important questions answered:
1. Can you qualify for life insurance with Hemophilia? And if so…
2. How much will it cost?
Yes, most individuals with Hemophilia will be able to qualify for traditional life insurance, the type of insurance which requires a medical exam.
But you will need to speak with a knowledgeable, independent agent, who is licensed with several life insurance companies for your best chance at approval.
Best Case Scenario – Early detection and management of bleeding episodes can get the best case rating of “Mild Substandard”. Well controlled cases of Hemophilia prevents serious and life threatening complications of tumor or calcification formation. Click here for quote at “Mild substandard”.
Moderate Case – Those cases with complications like bleeding in the digestive system have a higher risk of building blood clot formations that can become a mass or tumor. Early detection and management of such complications can get you a “Mild Substandard” or “Medium Substandard” rating. Click here for a quote at “Mild Substandard” or “Medium Substandard”.
Severe Case – Severe cases are those with history of bleeding in the central nervous system or bleeding anywhere in the nose throat or mouth. These types of bleeding have a likely chance of recurrence and over time can become life threatening situations. These cases usually get a decline.
You may have difficulty qualifying for traditional coverage, but could be eligible for a graded death benefit policy.
Common Questions to Assess Rating Class
If you’re unsure which of the above health classes to quote yourself at (Mild Substandard or Medium Substandard), please see the questions below:
How many years have you been diagnosed with Hemophilia?
Hemophilia can be a life threatening condition that makes early detection very important. The frequency of bleeding and the number of years will give clear information whether the bleeding is controlled or not. Good control of bleeding may get a “Mild Substandard”, while poor control may get a “Medium Substandard” or in worst cases even a decline.
How many bleeding episodes do you have in a period of one year?
The more frequent the bleeding episodes, the longer the bleeding time and the area of bleeding will determine the rating that is appropriate. The rules include: the longer the bleeding time, the more frequent the bleeding episodes and the closer the bleeding site to major organs are, they are considered serious cases. The best rating that may be given is at “Medium Substandard” or in most cases may be given a decline.
You might also be interested in reading this article, “Life Insurance Approval with Sickle Cell Trait or Sickle Cell Disease”
Are you taking medications to prevent bleeding episodes?
It is very important to take medications regularly and consistently because it will significantly prevent bleeding episodes. Good control of bleeding means you can qualify for a “Mild Substandard” rating.
Do you have regular check-ups with your hematologist?
Regular visits to your hematologist may mean that your condition is controlled and life insurance companies see this as a good sign.
Have you had any relevant laboratory tests in the past 12 months?
Recent laboratory tests like bleeding and clotting time will show the risks for hemorrhage, and good blood exam results may earn you a “Mild Substandard” rating.
Are you engaged in high risk activities?
High risk activities include sports such as basketball, motocross, diving, and other activities that may trigger bleeding. Cases exposed to these activities may get you a higher rating.
If you don’t seem to fit into one of the ratings above, I recommend requesting life insurance quotes from “standard” to “severe standard” so you understand the range of possibilities.
How to Get a Quote
Using the Instant Life Insurance Quote form on the right, select the rating class that best suits you based on your answers to the questions above, as well as complete the amount and type of coverage needed.
An estimate will appear on the next page.
If we can help you with a quote or to apply for coverage, call us at 877-443-9467.
Overview of Hemophilia
Hemophilia is a hereditary genetic disorder involving the X-linked (F8) recessive genes. This disorder causes impairment of the body’s ability to control bleeding, clotting, and coagulation. Hemophiliacs do not bleed heavily, but bleeds for a longer time.
The common signs and symptoms of Hemophilia include recurrent bleeding in joint spaces (hemarthroses), redness, local swelling and pain. These are commonly found to affect the elbows, shoulders, ankles, hips and knees.
Bleeding cases can be life threatening if they affect the areas of the central nervous system, digestive system, and the oropharyngeal spaces from the nose, mouth and throat.
See our other articles on Circulatory Disorders and Click Here