One thing that you’re generally going to find when applying for a traditional term or whole life insurance policy is that, any kind of pre-existing medical condition, whether it be big or small, can impact your life insurance eligibility.
Which is why…
Applying for life insurance with Von Willebrand Disease can become a stressful endeavor particularly if you don’t know where to turn.
But the good news is…
That you found this article, and now that you have, we hope that you’re going to find that we here at TermLife2Go have the answers that you’re looking for and is a great agency to turn to for applying for coverage.
So, what is Von Willebrand Disease and why do life insurance companies care about it?
Von Willebrand Disease is usually an inherited blood disorder that makes it more difficult for those suffering from it to “stop bleeding” when cut or injured. Or in other words, individuals suffering from Von Willebrand Disease suffer from a blood clotting disorder.
Any time an individual suffering from Von Willebrand Disease bleeds, it will be more difficult for that bleeding to stop. The degree to which one suffers from Von Willebrand Disease can vary, in fact, some people may not even know they have Von Willebrand disease.
Some complications/symptoms that occur are:
- Easy bruising,
- Bloody stools/urine,
- Nosebleeds that continue for too long,
- For women: blood clots in menstrual blood,
- For women: heavy/long menstrual cycles,
Dangers: If a person is not under treatment, he/she could have complications should major injury occur. The bigger danger is for people who might not realize they have Von Willebrand disease and then get injured.
Four Types of Von Willebrand Disease:
Type 1: Mild symptoms.
Type 2: Slightly more significant symptoms (many subtypes of Type 2 von Willebrand Disease.
Type 3: This is very rare; severe symptoms
Acquired von Willebrand disease: this is not inherited.
Unfortunately, there is no known cure for Von Willebrand Disease, that said however, there are several different treatment options available, mostly in the form of blood clotting medications.
Now at this point…
We like to remind our readers that we here at TermLife2Go are not medical professionals and we’re certainly not doctors! All we are is a bunch of life insurance agents who happen to be really good at helping folks qualify for really good life insurance policies.
If you have any specific medical questions, please direct those questions to your doctor, however, if all you’re looking for at this point is a great life insurance policy, well then, keep on reading!
Qualifying for Life insurance with Von Willebrand Disease.
The reason you’ve come to this article is to know how to get life insurance with von Willebrand disease – well, we’ve reached that part in the article. Now that you have some background information about the disease, we can give you the info about applying for life insurance with von Willebrand.
In short, being diagnosed with Von Willebrand disease should not automatically disqualify you from qualify for a traditional term or whole life insurance policy. However, it will have some impact on the rate you’ll need to pay!
Rate with von Willebrand disease:
In general, what you’re going to find is that you’re not going to be able to qualify for preferred or standard rates on a term or whole life insurance policy. Instead, you will qualify for a Table A-C rate.
Table rates are life insurance rates that fall below standard rates (read: slightly more expensive). The trick is to try to get a Table A rather than a Table C because a Table A is more affordable! People with Type 1 Von Willebrand disease have the best chance of getting a Table A rate.
How to get a Table A rate with von Willebrand Disease.
If you have a type of von Willebrand Disease other than Type 1, you still may be able to get a Table A rate. There’s no fool-proof way to guarantee this rating – you may not under any circumstances qualify for a Table A – but you should still try! The best way to get the best rating is to apply to the right life insurance company.
Which Life Insurance Company is right for von Willebrand Disease?
While your type of von Willebrand Disease and the severity will impact your rate, so will other factors about your health such as:
- Blood pressure,
- Other health issues,
When you apply for life insurance with von Willebrand, the underwriter will consider all of these factors.
Remember: just because von Willebrand disease won’t disqualify you doesn’t mean something else will.
Finding the Right Life Insurance Company.
Since applying for life insurance is about all of your health issues and not just von Willebrand disease, then you need to know which insurance company is right for all of your issues. Which life insurance company will go easiest on you – and ultimately give you the best life insurance rate?
This may sound simple, but it’s really pretty complicated. Since we’re talking about a combination of factors…finding the right life insurance company is like doing advanced algebra! And who wants to do that?
So, what are you waiting for? Give us a call today or visit our Term Life Insurance Quotes page and see what we can do for you!