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"This life insurance guide for hepatitis c patients should open some eyes among consumers," says Steve Kobrin, LUTCF. "Hepatitis c patients need this insurance guide, that's for sure."
Table of Contents
Getting Life Insurance With Hep C - Is it possible?
Hepatitis C, Test Results, and Life Underwriting - What do they look for?
Life Insurance Guide for Hepatitis C Patients - Recommendations
Case Studies: Life Insurance for Hepatitis C Patients
This health article was compiled from our own client files and case histories.
Being a hepatitis c patient, in and of itself, does not preclude coverage. Here are our top recommendations.
It's extremely important that you be completely open with your broker, regarding your health history and lifestyle. Positive diagnostic readings—a history of stability and improvement—and a healthy life style—can all have a positive influence. Indeed, if a hepatitis c patient feels comfortable enough to speak feely about prior life experiences and current lifestyle (as well as to provide copies of medical records), then their potential risk for insurability can be presented in the most positive light.
Therefore, it is essential that your broker have the "people skills" and professionalism necessary for creating this level of confidence. There's too much at stake, to risk working with someone that you don't trust.
It is the responsibility of your life insurance broker to advocate your case in the most positive light—and to prequalify your case with the most appropriate life insurance carriers. Therefore, we recommend that you select a broker that specializes in hepatitis c and other impaired risk cases. He or she should understand the process of life insurance prequalification and how it will protect your life insurance application history.
Conversely, a non-specialized broker is accustomed to getting life insurance for relatively healthy individuals. He is likely to make the common mistake of submitting formal applications before obtaining prequalified quotes. This mistake can damage a hepatitis c patient's life insurance application history—and jeopardize eligibility for future coverage.
Life insurance carriers tend to specialize in the types of risks they underwrite, and it's true that many are not interested in hepatitis c patients. However, others can be very competitive. Your broker should be thoroughly experienced in the risk impaired market, in order to match the most appropriate life underwriters to your particular history of hepatitis c.
The inexperienced broker, on the other hand, is likely to tell you that you're not insurable, simply because you have hepatitis c. Hopefully, this article has convinced you that hepatitis c patients are insurable, indeed.
This is perhaps our most important recommendation.
Even if you accidentally choose a non-specialized or inexperienced broker, prequalification will protect you. Prequalification tells you—in advance of a formal application—exactly how much life insurance you will be offered and how much it will cost. Without the formal application, there is no risk of getting declined or rated. Your life insurance application history is protected—and so is your future eligibility for coverage.
Therefore, always demand life insurance prequalification from your broker. This means that your broker should be able to solicit an accurate offer based on your medical records and a thorough personal interview—all before submitting an actual application. This is a very similar service to mortgage prequalification.
As this article comes to a close, I want to wish you the best of luck in your search for coverage. You might want to print out this life insurance guide, as you interview potential brokers. Remember, hepatitis c patients can still be good candidates for life insurance coverage. Never let a broker tell you otherwise.
Steven H. Kobrin, LUTCF, is an independent life insurance broker and nationally recognized expert in field underwriting for people considered high risk. He currently serves as a preferred life insurance quote provider for professional advisors and their clients, including attorneys, accountants, financial planners, and business loan officers.
Consumers and consumer advocates are warmly invited to contact Steve for his experienced and patient guidance.
Online: Life Insurance Quote
Email: skobrin@stevenkobrin.com
Phone: 1-866-633-1818 (toll free)
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