Medical
Underwriting is the process by which your medical
records and application responses are reviewed by
trained insurance company personnel to determine the
level of risk associated with your particular medical
status.
For
marketing purposes, one company may label a situation as
'preferred' while another underwriter at another company
may make the determination as a 'standard' risk.
Therefore, in order for you to obtain a realistic idea
of premium, it is necessary to share relevant health information with your agent. This way,
the comparisons
will be more accurate. The final decision is with the medical underwriter.
People
with a wide array of medical issues are
often acceptable candidates for long-term care
insurance. Different carriers may have diverse
experience with the same medical condition. Again,
your agent will have a good idea of which company would
be your best option.
Cancer,
heart attack or stroke does not necessarily negate
acceptance at a standard rate. The length of time
that has passed since termination of treatment or
surgery, the extent of damage, and the limitations, if
any, and your lifestyle are all taken into consideration.
Key health questions may include:
 |
What is your current height/weight? |
|
Are you or have you been a smoker, in the past five
years? |
|
What medications are you currently taking? |
|
Describe the related health conditions. |
|
Have you been hospitalized in the past ten years?
Why, and what was the outcome? |
|
Tell me about any other health issues, ADL
deficiency, cognitive, muscular, etc. |
Click here for a sample Medical Screening Questionaire.
LTC
America, LLC represents the major carriers and has the
ability and the experience, to place insurance in almost
all situations.
For
more info on this subject, or if you have other
questions, please call us at 631-393-5039 or email us at
info@ltcamerica.com.
