Have you been diagnosed with xeroderma pigmentosum? If so, you’re probably finding it pretty difficult to qualify for a traditional term or whole life insurance policy.
This is why…
We’ve chosen to write this article so that we can shed some light on what the “process” of applying for a term or whole life insruance policy will look like and try to identify some of the options that will be available to someone who is applying for coverage with a pre-existing medical condition like xeroderma pigmentosum.
Now in our discussion…
We’re going to talk about:
- Term Life Insurance Policies,
- Whole Life Insurance Policies,
- And guaranteed issue life insurance policies,
Since these are the three main types of life insurance policies that most individuals will seek out when they are first applying for coverage.
The problem is…
That not all three of these “types” of life insurance policies will be available to those who have been diagnosed with xeroderma pigmentosum which is why we want to begin our discussion by first discussion exactly what xeroderma pirmentosum is and how it’s going to affect the outcome of one’s life insurance application.
What is Xeroderma Pigmentosum?
Xeroderma pigmentosum is a term used to define a group of rare inherited skin disorders that are characterized by an increased sensitivity to sunlight. Individuals suffering from xeroderma pigmentosum will often experience pain and blistering of the skin immediately following exposure to direct sunlight.
Xeroderma pigmentosum can also affect one’s eyes, as well as the skin and has been linked to several forms of skin cancer.
There is no known cure for xeroderma pigmentosum. Therefore, treatment will center around avoiding direct UV or sunlight exposure thereby minimizing the harmful effects the sun can have.\
The good news is that…
If ones xeroderma pigmentosum is diagnosed early, and preventive measures avoiding UV light are followed, individuals suffering from xeroderma pigmentosum can go on to live healthy, fulfilling lives!
Now at this point…
We usually like to remind the reader that we here at TermLife2Go are not doctors. Nor do we have any medical training what-so-ever. So, if you have any specific medical questions, you should know that… We’re the last one’s you should ask!
Here at TermLife2Go, we’re just a bunch of life insurance agents who just happen to be really good at helping individuals with pre-existing medical conditions find a life insurance policy that they can qualify for. So, if this describes you, well then.. Keep on reading!
Qualifying for Life Insurance with Xeroderma pigmentosum.
When it comes to applying for life insurance for life insurance after being diagnosed with xeroderma pigmentosum, there’s one thing that you need to understand about the life insurance industry which will help you understand a lot about why insurance companies make the decisions that they do.
As we just stated, individuals who have been diagnosed with xeroderma pigmentosum who are careful about avoiding direct UV exposure have a very good chance of living a “somewhat” normal life. So like many other per-existing medical conditions that are out there, assuming that you take care of yourself, you like the rest of us have a pretty good chance at staying healthy.
The only problem is…
That if you don’t avoid direct exposure to UV light, you also have a pretty significant chance at developing any number of dangerous skin cancers that could become life threatening.
Insurance companies are in the business to avoid any “unnecessary” risk, this potential threat will to the best of our knowledge disqualify you from being able to qualify for a traditional term or whole life insurance policy.
“But I’ve never been diagnosed with any skin cancers and I am really careful about avoiding the sun!”
Which is Awesome!
But life insurance companies rarely look at individual cases, instead, they look at reams and reams of statistical data which tells them that unfortunately those who have been diagnosed with xeroderma pigmentosum represent too BIG of a risk.
Which is why…
If you’ve been diagnosed with xeroderma pigmentosum, you’re going to need to pursue an “alternative” insurance product if you’re still interested in purchasing a life insurance policy.
We here at TermLife2Go want to be sure that anyone who has been diagnosed with xeroderma pigmentosum has exhausted all possible options before giving up on finding an insurance policy that they can qualify for, we want to just take a moment to introduce two different types of insurance policies that may be an option for someone who is currently suffering from hematemesis.
Accidental Death Insurance and Guaranteed Issue Life Insurance Policies.
Accidental death insurance and guaranteed issue life insurance policies are two different insurance policies individuals can purchase that won’t require one to be able to “medically” qualify for them.
Which means that…
Regardless of how “healthy” or “unhealthy” you are, you should theoretically be able to qualify for these types of insurance products assuming that you are:
- A US citizen,
- You meet the minimum age requirements,
- And you live in a state where these “types” of life insurance policies are available.
Now in this article…
We don’t really want to spend too much time discussing what an Accidental Death Insurance Policy is, (even though we feel that they have “value” in certain situations) because we know that most of our clients aren’t looking for an “ACCIDENT” insurance policy, they’re looking for a true “LIFE” insurance policy!
That said however…
If you are interested in learning more about an accidental death policy, we do offer them, we just don’t “sell” a ton of them. To learn more about how they work, feel free to check out this article: Accidental Death Insurance, Pros-Cons or simply give us a call and we’d be happy to help you out!
With that said, let’s now turn our attention to Guaranteed Life Insurance Policies.
Guaranteed Issue Life Insurance Policies.
Now as we stated early, guaranteed issue life insurance life policies are life insurance policies that won’t require you to have to “medically” qualify. In fact, guaranteed issue life insurance policies aren’t going to ask you any medical questions or require you to take a medical exam.
But just because…
You can purchase a guaranteed issue life insurance policy doesn’t mean that you should purchase a guaranteed issue life insurance policy.
You see, these “types” of life insurance policies will have their potential disadvantages that you should be aware which include:
- Low policy limits.
- A “bit” pricey for the amount of coverage being purchased.
- And guaranteed issue life insurance policies will contain a graded death benefit which will place limitations on when your life insurance policy will begin covering your for “natural” causes of death.
Now we know…
That we’ve gone over a ton of information here, and we certainly don’t expect you to become an expert on anything that we’ve mentioned, all we hope is that after reading this article you have a better understanding that even though you’ve been diagnosed with Kaposi’s sarcoma, you still may be eligible for insurance and that with the help of an insurance brokerage like TermLife2Go, finding that coverage shouldn’t be impossible!
So, what are you waiting for? Give us a call today or visit our Life Insurance Quotes page and see what we can do for you!
Because we’ve been doing this awhile here at TermLife2Go, we know that a lot of times when you suffer from a condition like Kaposi’s sarcoma, you’re not really able to work and may not have a ton of discretionary income, especially if you’re currently receiving SSI disability.
This is why…
We’ve chosen also to write an article The Best Money Making Apps to help those who may not be able to actually go to work every day find ways that they can make money from home, on their own time.
Now will you end up using this money to help finance a life insurance policy?
Who knows, but our ultimate goal here at TermLife2Go is to help improve the financial security of our clients so it is our hope that this article and our Best Money Making Apps article helps you do this.