The Truths About Life Insurance with Osteoporosis

If your bones are very fragile and easily susceptible to fracture, there is a high likelihood that you are suffering from osteoporosis. This disease is very prevalent among the elderly – people above 50 years and postmenopausal women. You may not even notice any symptom until your bones become fractured. That’s how insidious osteoporosis can be. So, if you have osteoporosis and you get life insurance, you would be better off knowing the truths about life insurance with osteoporosis.

  • If you apply for life insurance with osteoporosis, you will have to undergo a medical exam.
  • If you have osteoporosis, you have 100% chance of qualifying for life insurance.
  • All life insurance service providers have different quotes for providing coverage to individuals with osteoporosis.
  • If you have severe osteoporosis, it may take you about 6 months before most life insurance companies will approve your application.
  • If you want to quickly get coverage, you need to opt for a no-medical exam plan which is more expensive than the medical exam plan.
  • If you want the medical exam option, life insurance underwriters will ask you questions like your age, your income level, whether you smoke or drink, the date you were diagnosed with osteoporosis, and the current medication you are using.
  • If you want to get the best life insurance coverage for osteoporosis, you need to hire an independent life insurance agent.
  • The amount of premium you will pay depends on how acute or chronic your osteoporosis is.
  • Lying to insurance companies about your health status is tantamount to forfeiting your life insurance policy.