Understanding Neurological Disorders
Neurological Disorders are several and of different types, with varying degrees of intensities. Most Neurological Disorders are progressive and almost in all cases, irreversible. However, quite some of these do not pose risks to life and are not considered as high-risk diseases.
People who are diagnosed with conditions like Motor Neuron Disease or Multiple Sclerosis at reasonably advanced stages are considered to have a substantial risk to life and can be denied life insurance owing to high risk. However, that is not true for all Neurological Disorders.
Insurance with Neurological Disorders
While it may seem that Neurological Disorders are dangerous and life-threatening, it may not be a fact. When individuals have been diagnosed early on for possible Neurological Disorders, then management of such conditions and disorders is possible through medication and exercise.
It is only in case of progressive Neurological Disorders as well as advanced levels of nervous diseases, that life insurance companies decline life insurance to individuals, considering the amount of risk to life involved. Higher risk cases may be rejected or advised loaded premiums.
However, well managed Neurological conditions do not pose a threat to life. For individuals having one or more Neurological Disorders which are managed well, there are possibilities of getting life insurance. An application with a pre-existing Neurological Disorder needs to declare the same in his application for life insurance.
Premium Calculation for people with Neurological Disorders
As cited, life insurance for those with Neurological Disorders may be difficult but is not impossible. Once the applicant declares his pre-existing condition, the underwriting team will take adequate steps to examine the intensity of such an existing nervous situation and then based on the medical results and estimated risk of life faced by the applicant. The life insurance company will propose the right premium for undertaking to insure such a life. To find out the best possible premium for yourself, connect with your trusted life insurance advisor, who will help you with the best life insurance policy.
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