Life Insurance – Did I Forget Something?

Life Insurance

Can being forgetful effect life insurance rates? Do you ever forget what you walked into the next room for, so you retrace your steps in an effort to jog your memory? You make a shopping list then forget it at home. Misplace your keys or glasses? These are normal instances of everyday life.

Keeping your brain healthy is just as important as your physical health. Staying mentally stimulated with activities such as reading, crossword puzzles, problem solving skills are great ways to stay sharp.There are websites which offer brain games, like AARP, Luminosity and mindgames.com are a few that offer games to help you keep your mind moving.

When applying for life insurance you’ll be asked if you’ve consulted with, been diagnosed or treated by a doctor about memory loss, as well as Alzheimer’s disease. Insurance companies aren’t as concerned about the everyday moments mentioned above. They look at memory loss or continued forgetfulness which might be due a medical condition, such as depression or anxiety, or an accident with a head injury. The insurance company underwriter will review the medical records to determine what offer they can make based your medial history.

However, there are more serious cognitive impairments, like Alzheimer’s and dementia. Close friends or family members may notice symptoms before the individual does. Some of the symptoms for Alzheimer’s include asking the same questions over and over, personality or mood changes, the inability to follow directions or tasks. If you have or know someone with early on-set Alzheimer’s, more than likely they won’t be eligible for life insurance. Life insurance is a legal contract between the applicant and the insurance company. An insurance company will most likely not enter into an agreement with someone whose judgment is impaired. Try visiting www.alz.org if you have questions regarding Alzheimer's.

About the author: Melanie Tretheway has been in the life insurance business for over 30 years. She is a mother of two who loves baking, reading, gardening, and taking care of her family. Melanie takes great pride in making sure you are informed, especially when it comes to choosing the right life insurance policy for your family. You can contact Melanie at 1-800-651-1953 or MTretheway@Pivot.com.