Can life insurance and pain be interrelated? Perhaps, you have never asked yourself such a question. Though you may jump out of your skin if you hear your application for life insurance may come under minute scrutiny for pain, it is true.
While you have often ignored your pain or have accustomed yourself to it, your insurer may not overlook it. Life insurance and pain, especially when it is chronic, are inter-related. When it comes to underwriting, the approval process, it may prove to be a negative catalyst.
The worst thing that may happen to you is you may not be eligible for sign-up. And, the better is you will end up paying higher costs for your pain.
The best may also happen and you may get best rates with no-hassle approval.
Everything depends on the company policy and the nature of your pain.
When Pain and Life Insurance Are Antagonistic
As an insurance employee, an underwriter is in charge of determining two things: your eligibility and the rates for the policy you wish to buy.
If he finds any physical or mental issues while he is analyzing the data he has about you, he will double-check it. And, chronic pain can be one of the reasons he may take another look at your application. He will dig deep.
Now, let us see why pain can be a saboteur for your life insurance approval.
Life insurance companies have their reasons backed-up by medical data that chronic pain can be the devil for many issues.
Psychiatric Effects of Chronic Pain
Webmed reports, chronic pain can be the culprit for many psychological issues. They are:
It produces high level of stress hormones.
Lowers energy levels.
Is responsible for mood disorders.
Affects mental and physical performance.
Affects social skills.
Makes life challenging.
Can create depression and worst, instigate in committing suicide.
Diseases Related to Back Pain
A number of diseases are said to be an underlying cause for chronic, especially back pain. They are:
National Health Society UK’s largest health cites physical conditions you may have pain for and affect your activities.
CRPS (Complex Regional Pain Syndrome)
Sickle cell disease