Understanding Life Insurance Eligibility for Individuals with Epilepsy
- Frequency of Epileptic Episodes: The number of seizures experienced annually.
- Underlying Causes and Diagnoses: The specific reasons and medical diagnoses associated with epilepsy.
- Medication History: Types and effectiveness of medications taken for epilepsy.
- Time Since Last Episode: Duration since the last seizure occurred.
Impact of Epilepsy on Life Insurance Rates
Individuals with epilepsy are often subject to a “table rating” system, which leads to higher premiums due to increased risk. Generally, the more controlled the epilepsy is (fewer episodes, effective medication), the lower the risk in the eyes of insurers. However, it’s important to note that:
- Standard Rating is Unlikely: Those with epilepsy are typically not eligible for the best possible rates.
- Premiums Vary: The cost depends on individual circumstances and the insurer’s policies.
Table to Compare Premiums
|Epilepsy Control Level
|Frequency of Episodes
|Estimated Premium Increase
|Rare/None in recent years
|Slight to Moderate Increase
|Moderate to High Increase
Understanding how epilepsy impacts life insurance eligibility and premiums is crucial. While individuals with epilepsy can obtain life insurance, they should expect higher premiums and a detailed evaluation of their condition. For personalized assistance and to explore your options, contact us today for a free quote.
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