Would I be accepted for life insurance and kidney disease and if I go to dialysis?

I have to go to dialysis.  Can I still qualify for life insurance?  Yes, you can!!  There is whole life insurance for dialysis patients.  For the sake of this article, I will concentrate on people that have end-stage renal failure.  Some of the whole life/ final expense companies do offer either an easy issue or guaranteed issue life insurance policy for people who have to go to dialysis.  When comparing dollars these type of policies does cost more.  They are still affordable and again you CAN get life insurance and most people consider this as a fair trade-off.  There are no medical exams or blood or urine tests. You can apply up to the age of 85 years old and be a U. S. citizen.  My first encounter with a person who goes to dialysis was in 1995.  I was working for a home health company as a physical therapist assistant helping a person to build strength, balance, and endurance. I now co-own a physical therapy practice.  I still help people with physical therapy every week.  I am also a successful insurance broker.  My name is Mitch Winstead with Allstar Senior Benefits.                 My website is www.allstarseniorbenefits.com             My Facebook page is www.facebook.com/medsuppguru  My toll-free number is 866-598-8170 or 910-538-4547.                                                                                                                                                   

 

Most people go to dialysis 3 days weekly.  Dialysis takes its toll on most people.  Usually, after a dialysis session, people are worn out.  I have only met a few that it does not cause them fatigue like most people.  Dialysis is done due to chronic kidney disease or end-stage renal disease /kidney failure.  These type of people-bless their hearts may be on a list to get a kidney transplant.  There is life insurance for kidney transplant patients.  Also, there is life insurance for kidney transplant recipients.   Some of the side effects of dialysis are -low blood pressure which can cause dizziness, weakness and is a risk for falls.  Nausea and vomiting that can occur during a dialysis treatment.  Sometimes an anti-nausea pill can help.  Dry-itchy skin because the skin has a high phosphorus content.  Restless leg syndrome due to a vitamin b deficiency.  Muscle cramps which the cause for dialysis patients is unknown.  These are just a few side effects and is not meant to be a comprehensive list. Some people have diabetes and have kidney disease.  These conditions can be troubling to manage. Rates with whole life insurance policies for dialysis patients are higher and they are still reasonable.  Some only ask 2 health questions and there are life insurance policies that ask NO health questions.  These policies typically are called graded life insurance.  This means for the first 2-3 years if you die your beneficiary will receive 100 % of what you (paid in) plus 10% more.  After the first 2-3 years then your beneficiary will receive the full face amount of the policy.   A couple of the companies that I have available will give you and your household a big discount on burial products.  This means you will save thousands of dollars over other companies!  For example:  at the time of this writing the average funeral cost is $7,000-8,000.  If you buy a life insurance policy with a face amount of $10,000.  Most of your money will go to the funeral home NOT your loved ones.  It pays to speak to an experienced broker that does not just sell you a policy and doesn’t have any other benefits for you.  Also, one of the companies I have will actually pay “double indemnity”.  This means if you are in an accidental death situation, your beneficiary gets paid double the face amount.  Now in years 2-3 your beneficiary gets 220% of the premiums you paid out.  Then after years 2-3 if you have a $10,000 face amount, your beneficiary gets $20,000.   Make sure you ask your agent/broker if they know what the “funeral rule” is also.  There may be some agents that do not. Also, make sure you talk with an agent that knows something about life insurance and kidney disease.   Fortunately doing a google search will help him/her find the answer.   

Other companies that sell life insurance may offer a prescription discount card.  This can come in handy to help you save money on certain medications.  Some agents/brokers like myself may help break that down even further and find the discount card that will save you the most money $  These days it pays to get the best bang for your buck.  Dialysis patients have to travel to a facility to get treatment.  This can add an extra burden to people to arrange transportation to and from the facility.  With the travel back and forth and the actual treatment, I can see why people are exhausted after a dialysis treatment.  For those who do not know what dialysis actually is, patients are connected to a machine from their radial artery in their arm.  The blood is pumped out into a dialyser or dialysis membrane then back to the patient through a series of “circuits”  Anticoagulants are used to prevent clotting.   This filters the blood and returns to the patient’s radial vein.  There are diagrams that explain it better online.  Back to life insurance.   The type of policy that would be issued is a graded whole life policy.  Whole life is also sometimes referred to as a permanent insurance.  This means your whole life policy does build cash value.  It may to 18 to 24 months to build it and sometimes people use the cash value of their policy to pay their premiums in case they get in a financial rut.  Your benefits with a whole life policy never decrease and the premiums never increase!  Some take out loans on their policies but they have to be careful because if they die and do not pay the money back, their benefits are not the same.  Benefits do last your whole life.  The life insurance does not run out in 10 or 20 years like some term products do.  You owe it to yourself and especially your family to apply and get an insurance policy if you are on dialysis.  Let me know if I can help you. Written by Mitch Winstead at Allstar Senior Benefits.  Toll-free number 866-598-8170 or 910-538-4547.  My email address is mitch@allstarseniorbenefits.com

My website is www.allstarseniorbenefits.com  My Facebook page is www.facebook.com/medsuppguru