If you have an abdominal aortic aneurysm (AAA) and need life insurance, this article will help you find affordable life insurance.
Life Insurance for Abdominal Aortic Aneurysm
Due to the risk of having a rupture of your aorta, finding life insurance with heart disease requires expertise in underwriting as there are very few companies that specialize in high risk life insurance.
In this guide, we’ll cover the following:
- Abdominal Aortic Aneurysm Overview
- Abdominal Aortic Aneurysm Underwriting Questions
- Medical Monitoring vs AAA Surgery
Abdominal Aortic Aneurysm Overview
While there are many possible reasons why AAA occur, underwriting will look for what caused your abdominal aortic aneurysm.
Life insurance underwriting depends on the following factors
- Abdominal aortic aneurysm symptoms and causes
- Results of abdominal aortic screening tests
- AAA treatment received
- Complications if any
- Time since treatment
- Other medical history
Abdominal aortic aneurysm symptoms may include lower back pain, abdominal pain, throbbing sensations near your belly button or you may have no noticeable symptoms.
When an abdominal aortic aneurysm is suspected, your doctor will send you for additional screening tests that may include an abdominal ultrasound, CT scan or MRI.
Underwriters are especially interested in the initial symptoms when you are being treated in a medical monitoring regimen.
Abdominal Aortic Aneurysm Underwriting Questions
We need to know the following to provide accurate quotes.
- When were you diagnosed with AAA?
- What caused the abdominal aortic aneurysm?
- Did you have surgery to correct this?
- If yes, did you have open abdominal surgery or an endovascular surgery?
- Have you had any complications from surgery?
- What was the size of the aneurysm?
- If being medically monitored, has there been any changes to the size?
- Do you have a history of smoking?
Medical Monitoring vs Abdominal Aortic Aneurysm Surgery
With medical monitoring, life insurance is available for people with AAA that are being watched using repeat diagnostic testing.
The downside is that life insurance carriers will make you wait before considering coverage.
The postpone period as it is called is 6 – 24 months depending on the details of your abdominal aortic aneurysm and the life insurer chosen.
Other types of insurance such as guaranteed issue life insurance and/or accidental death benefit insurance may be worth consideration on a temporary basis in the interim.
The smaller the aneurysm and the more time that’s passed since diagnosis results in more favorable underwriting for most.
With medical monitoring, it’s possible to obtain standard rates for aneurysms up to 3 cm in size, while aneurysms between 3 – 4.5 cm will receive a life insurance table rating of 50-150% added to the standard rate.
Aneurysms greater than 4.5 cm in size are going to be declined for traditional life insurance until surgery has been completed.
Life Insurance after Abdominal Aortic Aneurysm Surgery
There are two types of abdominal aortic aneurysm surgery.
The first type is an open abdominal surgery where the damaged section of your aorta is removed and replaced with a synthetic tube called a graft.
The second type of AAA surgery is an endovascular procedure where the graft is inserted through your femoral artery in your leg.
The postpone period is 6-12 months after surgery, assuming a complete repair and full recovery.
For open abdominal surgical repairs, standard rates with a table rating of 50-150% are added.
When 3-5 years have passed since the surgery, it may be possible to obtain a standard rate or table ratings on the lower end of the above range.
In general, open abdominal aorta surgery tends to receive more favorable underwriting due to the initial complications associated with endovascular procedures.
Important to Note about Abdominal Aortic Aneurysms Life Insurance
When we speak, we’ll ask you some questions related to your health history. We do this to find out exactly what condition you have, treatment that may have taken place as well as your current health.
We do this so we can provide you with accurate life insurance quotes.
Don’t worry if you do not know all the answers, we’ll tell you where to find the answers or what questions to ask your doctor. We’ll work with you every step of the way to help you get the amount of life insurance needed.
At Risk Quoter, our life insurance service is a no pressure, no obligation life insurance service. We’ll give you the information you need to make an informed decision about your life insurance.
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