Life Insurance

[lori67]

Lori....glad to hear you're an insurance expert....obviously you're a woman of many talents. 

Ha...hardly an expert! I know just enough to be dangerous.      I think most of what I knew leaked out of the hole in my skull!  I just remember thinking "boy, this job would make a lot more sense if some of us had some medical knowledge!".  And as for the many talents part - my mom likes to tell people I still don't know what I want to be when I grow up....   

I would guess if you waited past the 5 year point, you could honestly say "no, haven't had anything in the last 5 years".  You just have to hope they don't change the question to cover the past 10 years before that!   

Lori

[Jim Scott]

Patrick ~

I'm not an insurance 'expert' but I sold life insurance at one point in my career and my wife was a claims supervisor for a major insurance company, so I do have a working knowledge of the business.

My suggestion would be that you not risk trying to apply for more life insurance at this point.  Although the '5 year' question can be answered honestly ('no') the application could ask about any surgeries you've had, without a specific time frame, forcing you to state your AN surgery (lying invalidates the policy) and possibly being denied coverage or at least having your premium jacked up.  Because you took out your current policy before your AN diagnosis, it should cover you even if you died from something AN-related, although that is extremely unlikely to happen.

In the future, if you chose to take out a different life insurance policy (upon retirement) the '5-year' question will likely be asked.  As long as the application doesn't ask about any surgeries - without a specific time-frame - you'll be fine. Should the AN surgery have to be revealed, it could raise your premium, but I doubt it would cause your application to be flatly denied.  This is life insurance, not 'health'/medical insurance and there is a different standard for the underwriting.  However, be aware that with life insurance, the higher the benefit amount, the more stringent the underwriting.

Jim     

[Vivian B.]

Hii  Taitiianne,

When applying for life insurance, regardless of what conditions you may have, there iis a risk factor that is reviiewd by the underwritiers. What happens is the more risks you are at, the less chances of coverage, or with some companies, the higher the premiums. Needless to say, that I don't expect the decline was due to the tumor, for one it is benign, and this is one factor they would be looking at. Conditions such as high blood pressure, cholesterol, diabetes are also high risks. Another option that Life Insurance companies can do is place a rider for the condition that they are declining you for. This means that they would still accept your coverage but if G-d forbid you should have a claim in the future for the medical reason of the specific rider, the claim would not be declined. Hope this helps. Definitely find out what they are referring to with regard to your blood work.

Vivian

[Pooter]

You guys do realize this is a topic from back in 2007 and Tatianne already had GK in May 2009, right?  I'm not sayin', just sayin'...  Carry on.    Heh

Regards,
Brian

[leapyrtwins]

Brian -

you are absolutely right - and I did notice that.  Tatianne's comments were old, but the thread was resurrected recently by cpg.

I was responding to that post.

And you thought I just wasn't paying attention 

Jan