Seizure's Impact: Life Insurance And Your Health

Life insurance is a complex topic, and adding epilepsy into the mix can make it even more challenging. However, it is possible for individuals with epilepsy to obtain life insurance coverage, although the specific type of epilepsy and seizure history will play a significant role in the approval process and the cost of premiums. The date of diagnosis, type of seizures, frequency, severity, and compliance with treatment are all factors that insurance companies consider when evaluating applications. It is advisable to work with an independent broker or agent who specialises in high-risk cases to navigate the varying guidelines and rates offered by different insurance companies. While life insurance with epilepsy may be more expensive, proper management of the condition and regular medical follow-ups can help improve the chances of obtaining coverage and more affordable rates.

How does epilepsy affect life insurance rates?

If you have epilepsy, you can still get life insurance, but the rates you are offered will depend on the specifics of your condition. The more time that has passed since your last seizure, the better your chances of getting a lower rate. If you have had a seizure in the last 12 months, it will be difficult to get cover. If your last seizure was over five years ago, you may be offered the standard rate. If it was in the last two years, you may be offered a higher rate. The more frequent and severe your seizures are, the more you'll likely pay for life insurance.

When applying for life insurance, you'll be asked to provide details about your epilepsy diagnosis and medical history. This will include:

• The date of your diagnosis
• The date of your first seizure
• The date of your most recent seizure
• How often you have seizures
• What type of seizures you have
• What treatments you've had, including surgeries and medication
• Whether you've ever been hospitalized due to epilepsy
• Whether you've ever lost consciousness during a seizure

The type of policy you can get will depend on the specifics of your epilepsy. If your epilepsy is controlled with medication and you haven't had a seizure in the last two to five years, you'll likely be able to buy term life insurance, the most common and affordable type of coverage. If you've had more than seven seizures per year or have experienced prolonged unconsciousness during seizures, you may not be able to get a traditional life insurance policy, but you may have other options, including guaranteed issue life insurance.

How to get the best rate

To get the best rate, it's important to compare quotes from multiple insurers. Connecting with an independent broker can help you find the right coverage at the lowest price. It's also a good idea to work with an insurance agent or broker who specializes in high-risk cases.

What kind of life insurance can you get if you have epilepsy?

Yes, it is possible to get life insurance if you have epilepsy. However, the type of policy and the premium amount will depend on several factors related to your condition, as well as your age, gender, lifestyle habits, and overall health profile.

Term Life Insurance

Term life insurance is the most affordable and common type of coverage. It covers a set term, usually 10 to 30 years, and doesn't have complex tax restrictions. Many people with epilepsy can still qualify for term life coverage, especially if their epilepsy is controlled with medication and they haven't had a seizure in the last two to five years. The specific type of seizures, their frequency, and severity will also be considered.

Whole Life Insurance

Whole life insurance and other permanent life insurance policies are more expensive options but may be suitable for high-net-worth individuals who want to diversify their investment portfolio or those with long-term financial obligations, such as dependents requiring lifelong care.

Guaranteed Issue Life Insurance

If you have frequent seizures (seven or more per year) or were recently diagnosed with epilepsy, your coverage options may be limited to guaranteed issue life insurance. This type of policy doesn't require a medical exam and is aimed at covering end-of-life expenses, but it comes with lower coverage amounts and higher premiums.

Simplified Issue Life Insurance

Simplified issue life insurance is another option for those aged 45 and above. It is a type of final expense insurance that doesn't require a medical exam, but only a few medical questions. The application process is simpler, but the rates are higher, and coverage amounts are lower.

Group Life Insurance

Group life insurance is offered through an employer or organization and doesn't require medical questions or exams. It is an option for those who don't qualify for personal policies, but the coverage amounts are usually lower, and you may not be able to keep the coverage if you leave your job.

Factors Affecting Premiums and Eligibility

The more frequent and severe your seizures are, the higher your premiums are likely to be. The type of seizures, the time since your last seizure, your treatment, and any hospitalizations will all be considered. Leading a healthy lifestyle, quitting smoking, and maintaining a healthy weight can help lower your premiums.

Additionally, the specific life insurance company you apply to will make a difference. Some companies are more sympathetic and flexible than others, and an independent broker can help you compare quotes from multiple insurers to find the most suitable coverage at the best price.

How much does life insurance cost if you have epilepsy?

Life insurance for people with epilepsy is available, but the cost will depend on several factors.

Firstly, it's important to note that not everyone can qualify for life insurance, and the application process can be complex for people with epilepsy. However, it is still possible to obtain life insurance with epilepsy, and the cost will depend on the specifics of your condition.

The cost of life insurance for people with epilepsy will depend on the type of epilepsy, the type and frequency of seizures, and the time since the last seizure. The more time that has passed since the last seizure, the better. If you haven't had a seizure in over five years, you may be able to obtain life insurance at a standard rate. If your last seizure was within the last year, it will be more difficult to obtain cover and you will likely pay a higher premium.

The severity of your epilepsy and seizures can also impact the cost of your policy. The longer it has been since your last seizure, and if you are not currently taking medication, the more likely you are to receive a cheaper rate. If you suffer from severe seizures or epilepsy, you may want to consider a guaranteed issue life insurance policy, where your health won't be a factor as long as you are in the approved age bracket. However, it is important to note that the coverage amounts on these policies are typically lower than traditional life insurance policies.

Additionally, the type of seizures you experience will also impact the cost of your life insurance. For example, people with tonic-clonic seizures are considered higher risk by insurers and may not always be eligible for traditional life insurance. As a result, they may be assigned a Substandard risk classification, which will increase the cost of their premiums.

The application process for life insurance with epilepsy will typically involve a medical exam and a detailed questionnaire about your epilepsy and seizure history. It is important to be as honest and forthcoming as possible when applying for life insurance, especially about your epilepsy and seizure history.

In summary, the cost of life insurance for people with epilepsy will depend on various factors, including the type of epilepsy, the type and frequency of seizures, the time since the last seizure, and the severity of the condition. By managing your epilepsy through medication and regular check-ups, you may be able to obtain life insurance at a more affordable rate.

What if you're denied life insurance coverage because of epilepsy?

If you've been denied life insurance coverage because of epilepsy, it's important to know that you still have options. Here are some steps you can take:

• Consult an independent life insurance broker or agent: They can guide you in finding the right insurer and policy for your specific situation. Different companies have different criteria for assessing individuals, so an independent broker who has knowledge of various insurers' underwriting criteria can help you navigate this process.
• Compare quotes from multiple insurers: Every life insurance company evaluates health conditions, including epilepsy, differently. By comparing quotes, you can find the most suitable coverage at the lowest price.
• Consider a guaranteed issue life insurance policy: If you have severe epilepsy or seizures and are concerned about qualifying for traditional life insurance, a guaranteed issue life insurance policy may be an option. This type of policy doesn't factor in your health status, but the coverage amounts are typically lower than traditional policies.
• Explore simplified issue life insurance: This type of final expense insurance is available to individuals aged 45 and above, and it covers expenses like funeral and medical bills. The application process is simpler, and many people with epilepsy can qualify.
• Look into group life insurance: Group life insurance is offered through employers or organizations and doesn't require medical questions or exams. It's an option for those who don't qualify for personal policies. However, the coverage amounts are usually lower, and you may not be able to retain the coverage if you leave your job or organization.
• Consult a lawyer: In some jurisdictions, it may be illegal to deny insurance coverage due to a pre-existing condition. If you believe your rights have been violated, consider seeking legal advice.
• Improve your health and risk profile: If you can demonstrate that your epilepsy is well-controlled, your chances of obtaining coverage may improve. This may include regular physician check-ups, following your doctor's treatment advice, maintaining a healthy lifestyle, and keeping other health conditions in check.

What information should you provide to the insurance company when applying?

When applying for life insurance, it is crucial to provide the insurance company with detailed and honest information about your epilepsy or seizure disorder. Here is a list of information that you should be prepared to provide:

• Date of diagnosis: The insurance company will want to know when you were first diagnosed with epilepsy or seizures.
• Type of epilepsy: Different types of epilepsy, such as generalized epilepsy, focal epilepsy, or unknown epilepsy, can impact your insurance rates. Be prepared to provide details about your specific diagnosis.
• Frequency of seizures: The insurance company will want to know how often you experience seizures. They may ask about the number of seizures per year or the date of your last seizure.
• Treatment history: Provide information on any treatments you have undergone, including medications, surgeries, or other therapies.
• Medications: Inform the insurance company about any medications you are currently taking to prevent or control seizures.
• Hospitalizations: Let them know if you have ever been hospitalized due to seizures or epilepsy.
• Loss of consciousness: Inform them if you have ever lost consciousness during a seizure.
• Lifestyle limitations: Discuss any lifestyle changes or limitations you have made due to your condition.
• Medical records: The insurance company may request access to your medical records, including lab test results and height/weight measurements.
• Other medical conditions: Disclose any other medical conditions or health issues you may have.
• Tobacco use: Inform them if you use tobacco products.

Remember to be as detailed and transparent as possible when providing this information. The insurance company's underwriters will use this information to assess your risk level and determine your eligibility for coverage and premium rates.

Frequently asked questions