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Life Insurance with Anemia If you are suffering from anemia, getting life insurance can be tricky.

When you apply, your rating is based on the severity of your anemia, its cause, and how well you are treating your condition.

Depending on your situation, anemia might not affect your rating at all. To help get you prepared for your application, here are the life insurance guidelines for someone with anemia.

Life Insurance Underwriting for Anemia

The insurance company is going to ask you hundreds of questions. Some of them are going to revolve around your anemia:

  • When were you diagnosed?
  • What is the root cause of your anemia?
  • Have you been hospitalized because of your anemia?
  • Have you had any symptoms like headache, fatigue, or dizziness in the past 6 months?
  • What were the results of your last blood lab tests?
  • Are you currently taking iron supplements or any other medications for your condition?

This is your chance to show the company you are controlling your anemia. If your application seems incomplete, your chances of getting a bad rating or rejection go way up.

The insurance company is also going to ask you dozens of questions about your overall health. Your anemia is only one of the factors that they are going to look at when deciding your insurance rates.

There is an insurance company that will give you affordable policy. Don’t let anemia keep you from getting the coverage that your family deserves.

Life Insurance Quotes with Anemia

Your insurance rating primarily depends on the severity of the anemia and your treatments. Applicants that have their iron levels under control and aren’t anemic because of a more serious illness might be rated the same as someone without anemia. If an applicant’s anemia is more serious, it can become a bigger problem.

Insurers are also going to consider your overall health and your medical history when you apply. While each insurance company uses slightly different standards for anemia, there are some common rating classes:

  • Preferred Plus: Possible in very rare cases. It should have been two years since your last episode of symptoms and your blood levels should be normal. In addition, you should not have any other problems. Still, it’s difficult to qualify with anemia because it still counts as a health risk.
  • Preferred: A bit more likely, but still rare, for applicants that don’t have any issues with their anemia and are in great health. Once again, your blood level needs to be under control and you should have any other health issues.
  • Standard: Most likely best rating for someone with anemia. Applicant should not have had any incidents in the past year, should have normal blood levels, and the anemia shouldn’t be caused by sickle cell anemia or aplastic anemia disease. Applicant should also be in decent health.
    Table Rating (substandard): Most likely rating for someone with anemia. Applicants that have anemia because of sickle cell anemia or Crohn’s disease most likely won’t get anything better than a rated policy.
  • Declines: Applicants that have anemia because of aplastic anemia disease. Also, applicants that aren’t properly treating their anemia and have abnormal iron levels are likely to be declined.

Anemia Insurance Case Studies

Each applicant is different. There are no two identical applications. To give you an idea of what you could be facing, here are some clients we’ve worked with before:

Case Study: Female, 38 y/o, had anemia at 35 as a result of a pregnancy, took iron supplements and the condition is now under control

This applicant was diagnosed with anemia after being pregnant when she was 35. She followed her doctor’s orders diligently and regularly took her iron supplements. As a result, her anemia was under control and didn’t lead to any problems. She applied for life insurance at 38, she only received a rated policy. We thought that insurers were paying too much attention to her past medical record of having anemia and weren’t considering her current good health.

We suggest she go to her doctor and get a document explaining her health and the improvements. She sent this to the insurance company and she got a preferred plan.

Case Study #2: Male, 58 y/o, diagnosed with Sickle Cell Anemia at 55, applied for life insurance right away and was rejected.

When this applicant was diagnosed with sickle cell anemia at 55, he was in a rush to get life insurance. When he applied though, his application was rejected. This was because of a couple mistakes. First, the client applied too soon after his diagnosis; it would have been better to wait a couple years. Second, he hadn’t given the iron supplements enough time to take effect. At this point, we recommended the client take another blood test. At this point, he received a rated life insurance policy.

Purchasing life insurance with anemia can be difficult, but it’s definitely possible for most applicants. We’ll be able to match you up with companies that understand this condition and help you with your application.


Life Insurance with Anemia

We don’t care what health complications you have. We suggest you give us a call. As independent agents, we want to present your application in the best light possible. We want to ensure you’re giving the best chance for an affordable policy.

A traditional insurance agent works with one carrier. We work with 50. 50 is much bigger than one, why would you not want to work with us instead?

Not only can we hook you up with the best company with someone with anemia, but we can also give you unbiased advice about the best kind of coverage and the right amount of protection for you.

If you want quality protection, give us a call or fill out the form. Either way, you’ll have access to our experienced agents, and it won’t cost you a dime.