Gout is a type of arthritis that causes severe pain and inflammation in your joints. The condition is usually chronic, so those who are diagnosed with it often have this question: does gout affect life insurance?
The answer is that gout does affect your life insurance application. The insurer would want information about your condition so you will have to fill out a questionnaire and submit medical records.
Then, all the data you provide will be assessed to determine your level of risk. If your symptoms are particularly severe and you are unable to control them with treatment, your risk level would be high. In this case, you might have to pay an exorbitant premium. Alternatively, you might even be declined for life insurance.
If you have gout and life insurance seems difficult to obtain, not to worry, as most people with this condition are approved for insurance at specialist terms. This means that their premium is higher than the standard premium.
Some are even given a preferred rating, which means that they are approved for life insurance at the standard terms.
Questions that will be asked
The following is a sample list of questions that you will be asked in your application:
- When was the first time you were diagnosed?
- How many times were you diagnosed?
- How many joints have been affected by gout?
- How often do you experience flare-ups?
- When was the last time you had a flare-up?
- What treatment plan are you following?
- How does your condition affect your day-to-day life? For example, have you had to take time off from work because of it?
Besides, your doctor will also be requested to provide medical records. Make sure that your records are accurate and up to date.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00