In most cases, if you’re in reasonable health you’ll expect to be approved for long-term care insurance. But approval isn’t automatic and there are guidelines that the most important carriers use to see who qualifies. These pointers are published by each carrier in an underwriting field guide that agents use to assist them decide whether or not someone is a sensible candidate for long-term care insurance with that company. Several underwriting procedures are fairly customary across the industry.

Factors That Could Rule You Out

A number of the foremost common reasons why a person may be declined for this kind of insurance include health conditions like: multiple sclerosis, Parkinson’s disease, AIDS, ALS (Lou Gehrig’s disease), Alzheimer’s or dementia, muscular dystrophy and sure aggressive and metastatic cancers. Most applications for long-term care insurance contain language designed to discourage someone with these conditions from placing an application with that company.

There are other additional common sicknesses that can additionally result in decline under sure circumstances. Those with more gentle cases could be approved while those that have additional advanced styles of the illness or disease could be declined instead. These will include: arthritis (particularly rheumatoid arthritis that affects weight-bearing joints), Type 1 diabetes that needs substantial amounts of insulin to control, autoimmune disorders like some varieties of lupus, advanced osteoporosis, and others.

Some sicknesses may be acceptable alone however might be declined in combination with other factors. For example, some carriers can take a dim read of tobacco use when in combination with diabetes. Back problems related to the use of narcotics daily to control the pain will be another excuse for decline.

Bottom Line: Find an Honest Agent

As you can see, there are many factors that has to be thought of before applying for long-term care insurance if the applicant has health issues. What one carrier might allow, another can automatically decline. This necessitate the agent to be knowledgeable and honest with every prospective client relating to his or her chances for approval. This suggests {that the} agent should not assign unrealistic rate classifications to those who presumably can not be in a position to urge them based on the underwriting procedures of that carrier.

Since the value of the insurance is influenced heavily by the rate classification based mostly on health, there is a tendency on the part of some agents to promote rosy expectations in the application stage in order to induce the sale. This does not profit the shopper within the long run. You are better served by operating with a competent, experienced agent who will be honest in assessing your candidacy for long-term care insurance regarding your individual health condition.

Please visit the Gilbert Guide for the very best in Long Term Care and for more info concerning Continuous Care. Read more other FREE articles about small business health insurance quotes, dental insurance for individuals and temporary medical insurance