Last Updated on December 6, 2018 by lifepolicyshopper

Life Insurance – Activities of Daily Living

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Finding low cost life insurance isn't always an easy task. If there's a health problem in your medical history that raises red flags in the application process, you certainly want to enlist the help of an independent life insurance agent that has access to several different carriers and experience in dealing with the “knockout questions” on insurance carrier applications. These knock out questions apply to both medical conditions and prescription medication you’re currently and no longer taking.

We here at LifePolicyShopper know which life insurance companies tend to offer the most competitively priced policies for applicants with certain medical conditions and medications currently and no longer being taken.

Life Insurance - Activities of Daily Living

In this article we will discuss how someone looking for a small whole life policy can find coverage when they need assistance in activities of daily living such as: feeding, bathing, walking around or mobility, taking medications, and toileting.

Life insurance companies that offer final expense life insurance and burial plans ask questions a certain way on their application to get a certain risk class that is acceptable to them. When an applicant does need assistance with activities of daily living it’s important to work through an application process with us here at LifePolicyShopper and make sure we’re checking with each of our carriers to run your specific situation through each carrier line of questioning to get the best possible coverage.

There are factors when it comes to activities of daily living that become very important in the application process. Here are some of the factors that will make a difference in the coverage we are able to secure with an applicant that is in need of assistance with activities of daily living.

Factors of activities of daily living when it comes down to finding life insurance coverage

Currently confined or ever confined to a wheelchair?
Currently or ever been confined to a bed or had home health care?
Any use of a wheelchair within recent number of months?
Ever confined to a bed?
Within recent months been in an assisted living facility or used home health care?

LifePolicyShopper will guide you through our application process and find the appropriate life insurance company that will offer the best rate for your current medical condition.
If you currently need assistance with activities of daily living and need to get a life insurance policy to cover your final expenses, we have companies that will accept you. This information will help you do a bit of research work before buying your policy.

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Our Program Guarantees

1. First Day Coverage. You are fully protected the very first day your coverage goes into effect with no exclusions and no waiting period.
2. Ease of issue. No physical exams.
3. Your premiums will never go up. Lock into a rate at your current age and the cost will never increase regardless of changes to your health and age.
4. Your benefits will never go down. Regardless of changes to your health and age.
5. All programs build cash values.
6. The benefit is paid to your beneficiary tax free on the worst week of their life.
7. Your policy can never be cancelled as long as premium payments are made.
8. This is a protected asset that you will never be forced to liquidate.

Seniors looking for a state regulated final expense life insurance policy or a whole life burial plan often have medical impairments and conditions that may raise the cost of these benefits. We keep track of these medical impairments and conditions and contract with several carriers so we can find the most benefits for the amount of money that you spend.

LifePolicyShopper Can Help Find The Best Coverage For Your Medical Impairment

Independent insurance brokers know which life insurers are likely to offer the best-available life insurance quotes for these situations. They can informally shop around knowing the medical conditions and the underwriting guidelines with of the different insurance companies before submitting a formal application. Many independent agents band together to form large interest groups, in order to have access to a collection of the best way to place high risk conditions, yet meet underwriting guidelines. Over time this practice becomes a listing of medical conditions and the companies that have suitable underwriting standards for that condition. There are agents across the country that band together and share what they’re able to provide for seniors at the best benefit for the dollar spent.

Finding a qualified independent insurance agent

Ask if the agent is a former insurance company underwriter or has any field underwriting experience. Former underwriters are often well connected with current underwriters and have direct experience setting policy prices for those with medical conditions. Former underwriters will know the positive indicators insurers look for when trying to make the best offer. This experience will allow the agent to put your case in the best light when he contacts an insurer.

Former managers at insurance companies, who have overseen underwriters, can also make good independent insurance brokers. They are especially valuable if they have supervised the processing of impaired-risk applications and are familiar with the risks involved in insuring people with medical conditions. This kind of experience can be difficult to quantify, but the very best will be agents that have up to date information on the underwriting guidelines for around 12 to 15 life insurance carriers.

Agents who have more than 10 years of experience, or who write 15 to 20 percent of their policies for people with health problems, can be knowledgeable and well connected as former underwriters. However, it’s best if your agent works with at least a dozen life insurance companies so they can truly get you the best coverage at the best rate.

You’ll also need to obtain and sign a Health Insurance Portability and Accountability Act (HIPAA) release form, which your agent should provide, which allows them to share your medical information with the insurers listed on the form in order to find you the best coverage.

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Quick Tip: Complete the Instant Quotes form to receive an instant listing of carrier quotes - free - with no obligation. You can begin your free online research - right now...