Affordable Life Insurance With RA [Rheumatoid Arthritis]…Get The Best Deal

Affordable Life Insurance With RA [Rheumatoid Arthritis]…Get The Best Deal

Life Insurance With RA 


Impact on  Underwriting Class:

Significant 

Standard Rates Possible

Table Ratings Likely

Rate impact based on sevrity and

frequency of flare history, any 

complications, prescription drugs 

Frequently Asked Questions...

Can I be approved for life insurance with RA?

What information will  life insurance companies want to know?

Will I need to take an exam for Rheumatoid arthritis life insurance?

How much will my life insurance cost and how exactly are my rates affected by my Rheumatoid arthritis diagnosis?

How accurate are the quotes I get from your quote tool? 

How can i improve my underwriting rating and lower my life insurance cost?

What are the best life insurance companies for RA survivors? 

What is the application process for life insurance rheumatoid arthritis?

When you're dealing with Rheumatoid arthritis, you know about the everyday challenges that you face. What you may not know is that obtaining life insurance with depression may also be a challenge.

The eight questions and answers below  are a good start to getting a handle on the issue.  For more in-depth answers, just follow the links and keep reading.

Traditional Term Life Insurance for RA (Rheumatoid Arthritis)

While it is possible to get standard  rates on applications with a rheumatoid arthritis  diagnosis, it requires a carefully packaged application to a receptive insurer. Therefore it's important that you use an agent that is experienced with RA cases and has access to the carriers most likely to be receptive. 

The process of obtaining a life insurance offer with RA is similar to seeking life insurance with Sleep Apnea or AFib and many other specific conditions.

Primarily, term life insurance is available for lengths ranging from 5 years to 30 years with 20-year terms being the most popular. Term policies usually have a minimum face amount of $50000, and the policies terminate at the end of the term period or can be renewed annually at a vastly increased rate.

Possible Term Underwriting Ratings with RA

Because Life insurance applications are evaluated on a case by case basis, your story matters.That is to say two people with the same age and condition may get vastly different offers from the same carrier-based on the age of diagnosis and patient compliance.

Because each case is different, the following pricing scenarios are merely the best estimates for life insurance with atrial fibrillation based on experience..

Best Level – If RA is detected early, symptoms are under excellent control and complications or further damage to affected organs has been prevented, some cases have a chance for a standard rating. Simply use the quoter on the left for a standard quote.

Mid Level –If your RA seems to be mild with only the use of NSAID drugs and good compliance but less than 3 years since diagnosis or cases where heavier drugs are only occasionally required you may be looking at a mid substandard rate. You calculate this rate by multiplying the standard rate by 1.5 (Table 2/B) or 2 (Table 4/D).

To learn about how table ratings work click here.

Severe Level – If your RA symptoms are severe and you have a need for chronic maintenance drugs and/or your RA has proceeded to your organs, the best you will likely do is a severe substandard rate. You calculate this rate by multiplying the standard rate by 3 (table 8/H).

* While this is more expensive than standard rates, it may still be a very good outcome. 

Decline– For a severe case you may be declined for traditional coverage. If this happens you may be eligible for a smaller face amount policy. These policies are referred to as Guaranteed issue or simplified issue. If you have been declined please contact us.

Term life Insurance Pricing with Rheumatoid Arthritis

The basic mechanics of term life insurance are pretty straightforward. As long as the policy premium is paid by (or for) the insured, and the policy is in force, the beneficiary will receive the death benefit upon the insured's death. 

Some Sample Non-Smoker Monthly Term Rates for RA:

Male

$500000 20 Year Term

Age

standard

Table  B

Table D

25

$37.24

$43.73

$56.57

30

$37.82

$46.78

$60.90

35

$38.74

$50.95

$66.09

40

$59.60

$74.36

$97.42

45

$94.63

$119.68

$157.85

$100000 10 Year Term

Age

standard

Table B

Table D

50

$23.017

$31.46

$39.90

55

33.08

$46.55

$60.03

60

50.57

$73.01

$95.63

65

78.75

$115.06

$151.38

70

146.46

$204.35

$270.75

Female

$250000 10 Year Term

Age

standard

Table  B

Table D

25

$1392

$17.045

$21.00

30

$14.53

$17.04

$21.00

35

$14.19

$18.92

$23.555

40

$18.92

$22.90

$28.81

45

$26.25

$33.29

$42.67

$200000 20 Year Term

Age

standard

Table  B

Table D

50

$48.88

$70.045

$91.19

55

$71.31

$100.57

$132.38

60

$116.085

$163.05

$215.68

65

$206.76

$291.3175

$386.70

70

$431.29

$541.3229

$719.51

confused

The trickiest part of term life insurance with a health condition like atrial fibrillation is finding the best deal. This is because different carriers have differing appetites for certain kinds of risks. As 

a result navigating this process is not as easy as using a quote tool and picking the lowest price. This is discussed in detail in the case study below.

How Term Life Insurance Works....

No Medical Exam Options for Term life Insurance with RA

Although the term life insurance market is quickly adopting accelerated underwriting programs that do not require a 

medical exam as part of the application process, this option will not be available if you have been diagnosed with rheumatoid arthritis.

You will be required to take a para-medical exam. The exam is a 15-20 minute meeting with a  nurse. Your exam will consist of a blood draw, a urine sample, and height and weight recorded.

The medical exam is discussed in detail here.  

Phone Interview

Most term carriers will have the underwriting department do a telephone interview with you. The In the case of RA the conversation will be wide-ranging, and last about 20 minutes.

The purpose of the interview will be to flesh out the information that it has from your exam, medical information, and driving history. Questions will often revolve around diet and lifestyle. Answer as honestly as possible, but never "offer" unrequested information.

Riders

In addition to the period of insurance, it is essential to understand the available policy riders. Riders are additional benefits that, often for an additional cost, are included in your policy.

The five most prominent riders are listed below with links to in-depth descriptions.

  • Waiver of Premium          
  • Living Benefits      
  • Conversion Privilege    
  • Child Rider  
  • Additional Purchase Option

Contestability

While there is no waiting period for the insurance to go into effect, the insurance company has a two-year window from the policy start in which they can contest a benefit for material misrepresentation on the initial application. So, honesty is the best policy.

You can dive deep into the ins and outs of term life insurance, learning about available term lengths, riders, financial ratings, and rates. The Life Insurance Help Desk works with almost all of the top term life insurance carriers.

Life Insurance with RA: What Carriers will Take into Consideration

Life insurance underwriters will generally be concerned with 5 general questions:

  • Do you fit into the usual risk factors for the condition
  • What are/were your symptoms
  • What was the Diagnosis & Treatment
  • What is the aftercare (follow up & compliance)
  • What is your health like apart from the condition/history in question

While the outline above is general in form , the questions will require specific answers. These answers will be gathered from your application, a telephone interview, the Medical Information Bureau, a Script Check, and an Attending Physicians Statement (APS).

Lets look at the general areas of inquiry one at a time.

Do you "fit" into the usual risk factors for the Condition (Rheumatoid Arthritis)

The causes of rheumatoid arthritis are not  yet perfectly clear. There is some evidence for genetic , hormonal,  and environmental factors.While the causes have not been positively identified, the following  risk profile has emerged:

  • Gender- Women are more likely than men to develop rheumatoid arthritis.
  • Age- While Rheumatoid arthritis can occur at any age, it most commonly begins between the ages of 40 and 60.
  • Family history- If a member of your family has rheumatoid arthritis, you may have an increased risk of the disease.
  •  Cigarette smoking  tends to be associated with more severe RA
  • Environmental exposures- It is believed that  some exposures such as asbestos or silica may increase the risk for developing rheumatoid arthritis. 
  • Obesity- People who are overweight  appear to be at a t higher risk of developing rheumatoid arthritis, this is particularly the case  in women diagnosed with the disease when they were 55 or younger.

For a more detailed discussion of the potential causes of RA you can visit the Arthritis Foundation


What Are/Were Your Symptoms?

Underwriting will want to know any symptoms you have had and ow long you suffered them prior to diagnosis. 

Rheumatoid arthritis usually shows itself at first with the swelling, warmth, tenderness and stiffness of smaller joints. The joints usually affected first are the fingers and hands and toes.

There are graphics available at   National institute of Health  These graphics show the stages of joint decay associated with RA .
As the disease progresses, symptoms often spread to the wrists, knees, ankles, elbows, hips and shoulders. In most cases, symptoms occur in the same joints on both sides of your body.

The Mayo Clinic points out that about 40 percent of the people who have rheumatoid arthritis also experience signs and symptoms that don't involve the joints. Rheumatoid arthritis can affect many non-joint structures.

The non joint body parts that can be affected are extensive:

  • Skin
  • Eyes
  • Lungs
  • Heart
  • Kidneys
  • Salivary glands
  • Nerve tissue
  • Bone marrow
  • Blood vessels


  • Your Diagnosis and Treatments

    ​Life insurance underwriters will want to know the date of first diagnosis​ and of any subsequent major flare-ups. Underwriting will also want to know what medications you have been prescribed for Your RA.

    Below is a list of the more common prescriptions provided to rheumatoid arthritis sufferers.

    NSAIDs

    Steroids. 

    (DMARDs).  

    Biologic agents. 

    Life Insurance with RA

    We understand that memories of certain treatments can be "hazy". To be sure,your medical records will be looked at to establish the prescription history. However, in order to get an accurate quote, you will need accurate information. 

    Your Follow Up Care for RA

    Because RA is a progressive condition , underwriting will be interested in your compliance and follow up. Specifically, this means wanting to know if have you've been taking prescribed medicines and attending regularly scheduled follow up appointments with your physician.

    Additionally, underwriting will be interested in knowing if you are taking any dietary/homeopathic steps to treat the condition. For a full discussion of this see the Cleveland Clinic.

    Your Over all Health (and any related conditions)

    While any application for life insurance will take into consideration your overall health including conditions like high cholesterol and gout, underwriters in RA cases will specifically look for certain related conditions.

    RA is often connected to the occurrence of heart problems due to hardening and blocked arteries. RA is also  associated with an increased risk of Lung disease and the blood cancer lymphoma.

    Obtaining Life Insurance with RA

    With a couple of caveats, the process of obtaining life insurance is essentially the same for everyone regardless of health.

    The primary caveats with rheumatoid arthritis are that in addition to no exam policies not being available, an attending physician's statement (APS) is guaranteed to be requested.

    The APS can slow the process as doctors are in no hurry to respond to requests from life insurance companies.

    The information that you will be required to provide in order to get the most accurate quote is as follows:

    • Date of Diagnosis
    • Age at Diagnosis
    • Affected Systems
    • Treatments Undergone
    • Dates of Treatments
    • Severity of Symptoms
    • Any other Health issues

    Case Study Pricing Policies with RA

    Please see the case study below. It will show you why it is in your interest to have as many options as possible available when shopping for life insurance with RA or any other impairment.

    Gender: Female Age: 43

    $500000 20 Year Term

    Tobacco: No

    Well controlled mild RA. Diagnosed Age 34

    NSAID only No Other Health Concerns

    This looks like a best case scenario that would be either standard or Table 2/B or 4/D depending on the insurers appetite for a RA risk.. Let’s take a look at the rates.

    Standard Rates Table 2/B Rates Table 4/D Rates

    • Standard Rates
    • TABLE 2/B RATES
    • Table 4/D Rates

    Life Insurance Company

    Monthly Payment

    $ 63.71

    $ 65.79

    $ 67.11

    $83.52

    $89.10

    This table which shows only a few of the major life insurance companies available illustrates the difference in rates. For standard rates Prudential is 33% more expensive than Protective.

    On it’s face this seems like a pretty straight forward choice and if underwriting grades between carriers is the same, it really can be that simple.

    This kind of easy price shopping is particularly useful for younger folks in good health and demonstrates why you want to use an independent Agent.

    For people who suffer from RA or any other serious diagnosis, it gets much more complicated.

    Because life insurers manage their appetite for specific risks by being more lenient or more stringent with underwriting grades, you need to know which company will grade you a standard or table 2 risk and which one's will grade you as table 4-6.

    In the case above Prudential (the most expensive standard rate) is likely to be the best deal because the more competitively priced carriers will likely rate the risk table 4 while Pru might well go standard.

    This is something you can’t know by simply looking at the lowest price. In this case using an independent agent could save you 15% (the difference between Prudential @ standard and Banner @ Table 4).

    * Note that while overfunded ‘investment grade" permanent policies are excluded from this review, such policies generally follow the term life insurance guidelines.

    It's worth noting that a few of the prominent carriers that offer these products have "healthy lifestyle" credits that "table shave" ratings by as much as 2 tables.

    For example, a atrial fibrillation case that was rated table 2/B could be "table shaved" back to a standard rating. Table shaves are not offered on term products.

    Process for Term Life Application with Rheumatoid Arthritis

    Now that you know the information you will need to receive the most accurate RA term life insurance quote possible, it's time to begin the application process. The term process is outlined  "step by step for you in the Life Insurance Buying Guide.

    The Help Desk is committed to transparent pricing (we'll even share our computer screen with you if you'd like) and making the application process as painless as possible.

    Final Expense Burial Insurance with RA

    Approved!That was Easy.

    Final expense or "burial insurance carriers are not concerned with rheumatoid arthritis. In fact, they don't even ask! These "no-exam needed" burial policies are the next best choice for anyone who will not get through traditional underwriting.

    The "final expense" market serves differing consumer needs. There is the need that is made obvious by the name "final expense". This term refers to a funeral, burial and miscellaneous cost tied to the rituals surrounding life's end.

    Many of the buyers of these end of life policies simply want to remove any financial burden their funeral and burial would cause to their loved ones, while others want to leave a legacy.

    Alternatively, the simplified issue marketplace serves as a safe harbor for people who need some life insurance, but cannot qualify for traditional term underwriting. The lenient underwriting standards of this market allow for people with severe rheumatoid arthritis to get coverage.

    How the policy works will be dictated by the type of final expense or burial policy it is:

    • First-day Coverage  
    • Graded Coverage

    How Final Expense Life Insurance Works with Rheumatoid Arthritis

    With death benefit face amounts that top range from $5000-$100000, the simplified issue or "final expense " life insurance market is mostly made up of whole life insurance products. However, there several policies that have components of term policies starting to emerge. Make sure you know what you are buying!

    Whether term or whole life, the calculation of the death benefit depends on if the policy is first-day coverage or graded

    First day policies are straightforward, and provide a full death benefit from day 1 of the policy.

    Graded policies use a two or three year period in which the benefit increases to the face amount over the contractual time period.

    These policies commonly pay premiums plus interest if you die in the first year of the policy; 50% if you die after one year but before two; and full face amount after two years.

    The carriers offer graded policies based on the applicant's health. These provisions are a way for the carriers to provide coverage while limiting their risk.

    Graded or not, a whole life policy has a fixed premium that cannot increase and the policy stays in force until the premiums stop being paid or the insured dies.

    Pricing for Burial Insurance with RA

    Male      

    $25000  "Final Expense" Whole Life   1st Day Coverage 

    Age

    $ Mo.

    Age

    $ Mo.

    40

    $40.89

    65

    $ 115.18

    45

    $ 50.87

    70

    $ 149.13

    50

    $ 56.25

    75

    $ 204.66

    55

    $ 65.56

    80

    $ 297.86

    60

    $ 85.66

    85

    $414.57

    $15000 Final Expense" Whole Life Graded Coverage

    Age

    $ Mo.

    Age

    $ Mo.

    40

    $40.89

    65

    $ 115.18

    45

    $ 50.87

    70

    $ 149.13

    50

    $ 56.25

    75

    $ 204.66

    55

    $ 65.56

    80

    $ 297.86

    60

    $ 85.66

    85

    $414.57

    Female    

    $15000  "Final Expense" Whole Life  1st Day Coverage 

    Age

    $ Mo.

    Age

    $ Mo.

    40

    $ 23.49

    65

    $41.27

    45

    $ 28.56

    70

    $ 56.77

    50

    $ 23.69

    75

    $ 90.38

    55

    $ 27.83

    80

    $ 131.260

    60

    $ 31.95

    85

    $ 202.25

    $10000 "Final Expense" Whole Life Graded Coverage

    Age

    $ Mo.

    Age

    $ Mo.

    40

    $ 21.06

    65

    $28.967

    45

    $ 25.18

    70

    $ 39.30

    50

    $ 17.249

    75

    $ 89.618

    55

    $ 20.003

    80

    $ 117.89

    60

    $ 22.755

    85

    $ 179.22

    In addition to different underwriting standards, final expense pricing is complicated by the fact that  a lot of providers only operate in certain states. 

    As a result the samples below are of limited value. You should use the final expense quote tool found here.

    No Exam, but possibly a phone interview

    Many burial policy insurers will have 10-15 minute home office interviews using the telephone. They are looking for the use of prescriptions that do not come up on their prescription check and assessing cognitive function.Be alert!

    Final Expense Policy Features

    There are fewer riders associated with simplified issue policies than traditional term, but living benefits such as the accelerated benefit for terminal illness, and chronic illness are fairly common. Additionally, some final expense policies have a small cash component and have loan provisions.

    Contestability

    The contestability laws are the same for all types of life insurance policies. That is, the carrier has two years from the origination of the policy to contest the benefit payout on policy where the application contained material misstatements.

    What Final Expense  Life Insurers Will Take Into Consideration with RA

    As stated before, simplified underwriting is seldom concerned with rheumatoid arthritis. Unlike traditional underwriting that grades on a scale, "final expense" is a yes or no proposition.

    Note that "yes" is divided into first-day coverage and "graded" categories. Rheumatoid arthritis offers are generally not "graded". So, full coverage would begin on day 1.

    Final expense policies contain "knockout" questions and prescriptions.Since RA is not a question on these policies, the only way to get ‘knocked out" is if you answer yes to a different "knockout" question.

    Knockout questions tend to revolve around heart attack, stroke, cognitive function, insulin use, amputations and some of the heavy drugs these conditions require for treatment.

    Next Step For Final Expense with Rheumatoid Arthritis

    Because most final expense underwriting rules differ wildly, it's unusual that you can just go to the final expense quote tool and start.However, unless you have other conditions, that is exactly how to start.​

    Because RA by itself will  not cause a "knockout", the best price may win. Remember to use the quote tool on the "final expense" page.  The quote tool on this page is limited to term quotes.

    Upon receiving your quote request, we will be in touch as soon as possible (often in minutes), and we will help you through the process. The whole process shouldn't take more than 30-40 minutes.

    We are committed to a transparent pricing process and are happy to share a computer screen with you or send a video of the method used to get your rate. If you have any questions, please contact us.

    Guaranteed life insurance for RA

    As a stand-alone condition, RA does not require the use of guaranteed life insurance.  The only time that an applicant would need to go the guaranteed route is if the rheumatoid arthritis was paired with a condition that could not qualify for graded a final expense policy.

    If this describes your situation, keep reading.

    Pricing for Guaranteed Issue policies  

    Guaranteed policies should only be used as a last resort. In addition to the benefit grading provisions that make the policies toothless during the two or three year grading period, they are the most expensive policies sold.

    Male

    Female

    Age

    $10000

    $25000

    50

    $44.097

    $108.856

    55

    56.50

    $138.24

    60

    63.17

    $154.92

    65

    73.09

    $179.73

    70

    93.14

    $229.85

    Age

    $10000

    $25000

    50

    $34.47

    $84.79

    55

    $39.86

    $96.64

    60

    $45.14

    $109.84

    65

    $54.51

    $133.27

    70

    $70.41

    $173.03

    How Guaranteed  Life Insurance Works

    With only the requirement of age (40) and citizenship, guaranteed issue life insurance policies have a death benefit that ranges from $5000-$50000. Such plans are exclusively whole life insurance.

    However, all guaranteed issue policies are "graded".  Generally, the grading represents a 2 or 3 year period that the policy must be in force before a full death benefit will be paid.

     Like "final expense" policies, guaranteed policies use a two or three year period in which the benefit increases to the face amount over the contractual time period. These policies commonly pay premiums plus interest if you die if you die after one year but before two; and full face amount after two years.

    Also, like the "final expense" write up says, these provisions are a way for the carriers to provide coverage while limiting their risk.

    No Exam Required on guaranteed policies

    There is no exam for guaranteed life insurance. After all, it's guaranteed to be issued regardless of your health.

    Contestability on Guaranteed issue policies

    Although the contestability laws are the same as other policies, beyond age and citizenship, it's difficult to see where contestability may arise in a guaranteed issue case.

    Next Steps for Guaranteed Issue Policy with Rheumatoid Arthritis

    The guaranteed issue process is lightning fast and can be handled over the telephone in a matter of minutes. Give us a call or email us.

    Why You Should Use an Independent Agent when Shopping for Life Insurance with Rheumatoid Arthritis

    In addition to reassuring you that life insurance is attainable with RA, this article pointed out that insurance companies have different pricing and underwriting standards from one another.

    Furthermore, these underwriting differences are a reflection of the company's appetite for a specific health risk. For example, Prudential Financial may have more of an appetite for the risk that RA presents than say, Banner.

    In this case, the underwriting grade will reflect this increased appetite.So, if your Agent only represented one carrier and you found out later that you could have gotten a rate 35% or 45% better, how would you feel? You'd probably be sad like the puppy or mad at the agent or yourself or both.

    So it's crucial that your Agent represent multiple carriers. In fact, most good independent agents will have access to over 40 or 50 carriers. This ensures the best chance at the best rate.

    Key Take Aways

    • Access to more carriers will result in better pricing.
    • It may be worth paying slightly more if there is a strong permanent conversion product.
    • Only independent brokers have the freedom to offer the best deal at all times.

    Thank you for choosing the Life Insurance Help Desk to research life insurance with rheumatoid arthritis. We are committed to a totally transparent process (we'll even share our computer screen with you if you'd like), and making the application process as painless as possible.

    Should you have any question, please do not hesitate to give us a call or contact us via email.









    Fast Facts on RA : What your Friends and Co-workers May Know (or think they know)



     Unlike osteoarthritis , which is a degenerative disease, Rheumatoid arthritis or RA is an autoimmune disease. 

    Approximately 2.1 people suffer from RA in the united States, with women being 3 times more likely to suffer the disease.

      RA is believed to cost the economy $ 128,000,000 annually in medical costs and lost productivity.

    Several well known celebrities have suffered from RA over the years. Among them are comedienne Lucille Ball , famed painter Pierre Renoir, actress Kathleen Turner, baseball Hall of Famer Sandy Koufax and actor James Coburn

    If you or someone you love has been diagnosed with rheumatoid arthritis, you know haw difficult the day to day can be. What you may not have known is how it can effect your life insurance application. 

    We hope that this page helps you better deal with the life insurance process with RA.


    Keywords: Life Insurance With RA,Rheumatoid Arthritis Life Insurance policy, Burial Insurance with Rheumatoid arthritis.


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    Keywords & related questions

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    • Can I get life insurance with rheumatoid arthritis?
    • How expensive is life insurance with RA?
    • What is the process for applying for life insurance with rheumatoid arthritis ?
    • What are the life insurance best companies for RA sufferers?
    • What are common table ratings for RA applicants?
    • Can I get life insurance with RA over age 60?
    James Tobin, CFP
     

    Jim Tobin is the owner of Life Insurance Help Desk, a Fairfield County, CT. life insurance agency. You can find him on Google + and Facebook. Over the past 10 years, Jim has used his CFP-financial planning designation to help individuals with their life insurance needs. In addition to working with life insurance clients, Jim teaches ESL classes in his spare time. He resides with his beautiful wife Nicole and the 3 cats that rule their lives..