November is National Epilepsy Awareness Month - Life Insurance is Available
Life insurance and epilepsy may not seem like they could fit together in the same sentence, but in fact, they absolutely can. Did you know that November is also National Epilepsy Awareness Month? We want you to be “aware” that life insurance is available to you. It is easy to assume that once a person is diagnosed with epilepsy or some type of seizure disorder that life insurance is either out of the realm of possibilities, or that by applying one would be heavily rated and too expensive. In all actuality, neither is often true.
Epilepsy is generally not the type of condition that gets worse with time. Most adults who have it can expect to live a long and normal life span. Yes, believe it or not, seizure disorders do not generally set off a “red flag” with life insurance underwriters. Most adults that have their condition under control do not generate any more of a mortality risk than those with most any other controlled condition.
The two key terms to keep in mind here are “adult” and “controlled.” However, underwriting a child with a seizure disorder that has not satisfied a significant time frame under a medication to prove that it is controlled, may generate a legitimate reason for life underwriters to temporarily rate or even decline an application
Although seizure medications are not technically a cure, they do tend to control seizures in the majority of people with epilepsy. Another key term in conjunction with control regarding underwriting is “compliance.” If you have epilepsy and are “compliant” with your doctor’s orders, then you should have control of your condition. Normal life insurance rates should follow control and compliance.
You will need an experienced life insurance agent who doesn’t flinch when you mention epilepsy, but will rather ask more questions like, “What medications are you currently taking? When was your initial diagnosis? How frequent are your seizures, and when was your most recent seizure?, etc.” If he/she heads down that road with you, you are in the right office or on the correct phone call with a sound agent. If they don’t ask questions or don’t seem to have some working knowledge of your condition, I would suggest you keep on looking.
The bottom line is, for most people with well-controlled seizure disorders, affordable life insurance rates are well within the realm of possibility. If that hasn’t been your experience, then you may want to consider having a discussion with one of our PivotCare Team members.
About the author: Kyle McDonald holds FIC, FICF, FSCP® & CLTC designations. His viewpoint on life insurance is simple, “Anyone with a family must have life insurance. In the end, life insurance is for others you care about, not you.” He is ready to help you and your family get the best option available. Contact Kyle today at 1-800-651-1953 or KMcDonald@Pivot.com.