Can You Get a Life Insurance For Your Father if He Was Recently Diagnosed With ALS?
The best sign of a child’s love towards his or her parents is shown with how well he or she treats them during their times of crisis like old age or contamination of serious illnesses and diseases like ALS.
Amyotrophic lateral sclerosis (ALS) is a progressive and fatal type of neurodegenerative disease that affects the motor neurons of the body. It is characterized by muscle atrophy and muscle weakness triggered by the degeneration of the person’s lower and upper motor neurons. At times, patients of ALS will experience inability to control his or her voluntary movements. Worst cases will even affect bowel sphincters, bladder functioning and eye movement.
As ALS progresses, the patient will soon have impaired intelligence, mind, personality and memory. It is possible for them to live for ten or more years but they may be unable to walk, stand, get out of bed, use their limbs or even communicate. The condition of ALS patients is similar to the condition of a stroke victim but the main cause of their death is attributed to the weakening of the respiratory system.
Treatment of ALS is quite expensive. This is why some insurance companies may automatically reject an application form which reflects a medical history of ALS in the family; more so if the applicant is already diagnosed with this condition. In as much as the law states that no insurance company should show medical preferences to those who seek their assistance, there are still several insurance companies who still deny insurance applications to patients who are diagnosed to have fatal diseases like that of ALS.
Life Insurance Underwriting
Any policy which will require underwriting assessment will easily reject your application since ALS is categorized as a fatal disease side by side with cancer. You are given the liberty to submit application forms to insurance companies, but do not give yourself too much hope because finding an ALS policy which has insurance underwriting is like finding a needle in a hay stalk.
Guaranteed Issue Insurance
Guaranteed Issue Insurance has several large amounts of exclusions with its coverage but this may be the only policy which will grant your desire to have a life insurance policy set-up for your father. It does not require any medical exam but simply relies on the honesty of their clients. It rarely investigates the medical history of a client and is commonly offered to people who are between the age of 46 and 80 years old.
Aside from this, the death benefit which you may get out of guaranteed issue insurance will only be $25,000 to $50,000 upon the death of your father. Unfortunately, you would need to pay high amount of premiums. It is probably best to weigh the advantages and disadvantages of getting your father a life insurance.
Finding the Best Guaranteed Issue Insurance
You may need a very competent insurance agent who can assist you in your search for guaranteed issue insurance but it would be better if you can choose an honest insurance agent who will gladly provide you with the advantages and disadvantages of purchasing him a life insurance policy for you not to have any regrets in the future.