Is It Hard to Apply for Life Insurance with Thrombocytopenia?

Joseph Meyer
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Life Insurance Underwriting with Thrombocytopenia

Thrombocytopenia is a blood condition characterized by a low level of platelets in the blood. In most instances, the low platelet count is not an immediate danger. It usually develops slowly and may go undetected for some time. But if you have a low platelet count, it could become an immediate danger in the event of a fall, car accident, or other events that cause bleeding.

This is why a lot of insurance companies tend to classify thrombocytopenia as a condition that could “aid in diagnosis of another existing disease or disorder” and, therefore, an undesirable condition for coverage. In a typical underwriting process, there are two options for insurance companies to deal with a thrombocytopenia diagnosis. “Decline on face” means that the insurance company will reject your application based on the blood test results alone. “Condition with limitations” means that the insurance company will include your condition in the underwriting process but will also apply a waiting period before you are eligible for coverage.

Many insurance companies will not recommend applying for life insurance with thrombocytopenia. However, there are options for people with thrombocytopenia.

Answer in as much detail as possible.

Initial application for life insurance is not difficult and can be done by anyone, unless you are extremely ill. You need to be aware of your own medical conditions, exceptions may apply. There are two tests done for life insurance, one for cancer and one for genetic conditions.

You will need to fill out a questionnaire. Your medical records will be obtained and reviewed by a underwriter. They will look for your medical history, including hospitalization, major surgeries, doctor appointments, accidents and injury as well as your family history.

You will be re-tested 10 years from the original test.

If you have any pre existing medical conditions, you need to tell the agent. If you had cancer or a hereditary condition, you would need to apply using a medical exception.

Life Insurance Quotes with Thrombocytopenia

It is no surprise to hear that everyone desires longevity in their life. Having your loved ones remember you and your wisdom for a long time is a human desire. Many Americans seek out policies that cover funeral costs and death expenses for surviving family members. One such opportunity is life insurance.

By understanding life insurance and building a policy, you can ensure a secure future for your family members. When a life insurance policy covers the “survivor” beneficiaries, you are installing a safety net that bridges the gap in their financial needs and financial stability. Also, life insurance does not impact medical or employment terms.

Before purchasing life insurance, though, it is important to understand the policy and better understand your condition. Knowing whether there are any pre-existing medical conditions that may affect your claim is crucial, even if it means actually calling back the “no medical exam term life insurance policy quotes”.

Finding out whether your health affects your life insurance may mean that you will have to do a little bit of extra legwork. But in the long run, you’ll ensure that your family can pay your funeral costs and live a long, happy life.

Thrombocytopenia Insurance Case Studies

The frequency of thrombocytopenia (low platelet count) varies between people, but the average individual might lose around 5% of his or her platelets a year. Between blood tests, most people don’t know they have low platelet counts.

The need for blood tests and the chances of low platelet count onset depend wholly on your health status. If you’re healthy, you might be able to go for years without blood tests. You may only need to have blood tests if you develop a condition that’s treatable using platelets.

To start with, it’s important to note that if you have been recently diagnosed with thrombocytopenia, be sure to contact your insurance provider as soon as possible.

Bottom Line

Yes, it’s difficult to get approved for life insurance if you have thrombocytopenia.

However, it’s important to understand that thrombocytopenia is one of the many pre-existing health conditions that you can decline to answer as part of the application process.

This means that it’s up to you if you want to add the information of thrombocytopenia to your application once you have a better understanding of the risk factors and how it relates to your life insurance carrier.