According to Heathline.com, approximately 3.4 million Americans have epilepsy. 1 in 26 people will develop epilepsy in their lifetime, and the incidence is highest in early childhood and growing fastest in the elderly. Epilepsy is the 4th most common neurological condition and many people with this condition apply for life insurance every day.
Having epilepsy does not mean you cannot get life insurance coverage.
Quotacy is here to dig through the different life insurance companies to help you find affordable term life insurance rates that keep you and your family covered.
Buying Life Insurance with Epilepsy
If you have epilepsy, your best chances of getting affordable life insurance is to apply through a broker, like Quotacy. Brokers are not tied to one life insurance company and are able to shop the market.
We want you to get approved and will work hard to help you get coverage. While we can’t guarantee we will be able to find a life insurance company willing to offer you affordable life insurance, we will try our best. Start the process by getting a free term life insurance quote or keep reading for more in-depth information about life insurance and epilepsy.
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The underwriting of an applicant with epilepsy takes several factors into consideration, including the type of epilepsy, any known cause, control, compliance with treatment and follow up, results of testing, complications, and the presence of coexisting impairments.
When you apply for life insurance, underwriters review the complete application and all the records that go along with it. They then decide how much coverage and at what cost to offer the applicant, unless they decide to deny or post-pone the application.
For applicants with epilepsy, you can be classified anywhere between the best rating of Preferred Plus to being table rated. The table rating system typically means that your pricing for life insurance will be the Standard price plus 25% for every step down the table you are, Tables A-J or 1-10 depending on which format the insurance company uses.
Applicant 1 is a 40-year-old female applying for a $500,000 20-year term policy. She has a history of idiopathic generalized tonic-clonic seizures since childhood which are stable, is compliant with her medication, and has not had a seizure in six years.
This applicant may be Standard Plus and we estimate her monthly premiums to be $44.
Applicant 2 is a 50-year-old male applying for a $500,000 20-year term policy. He has a history of symptomatic epilepsy caused by a vascular malformation in the brain. Five seizures have occurred in the last two months, the applicant is not compliant with his medications, and the last three neurologist appointments have been missed.
This applicant would likely be declined.
Applicant 3 is a 30-year-old female applying for a $500,000 20-year term policy. She has a history of idiopathic generalized tonic-clonic seizures which is stable and last had a seizure three years ago.
This applicant may be Table 2 and we estimate her monthly premiums to be $51.
Applicant 4 is a 35-year-old male applying for a $500,000 20-year term policy. He has a history of idiopathic generalized epilepsy diagnosed in childhood and has been seizure free off medications for over five years. The applicant is stable and otherwise healthy.
This applicant can be Preferred and we estimate his monthly premiums to be $29.
*The examples shown are for illustrative purposes only. Your life insurance prices may be higher or lower.
Each life insurance company has a different set of guidelines they follow when underwriting an applicant. Because of these different guidelines, when one company may deem an applicant a Table 2, another company may decide that applicant can qualify for Standard Plus rates.
Keep in mind that life insurance companies all underwrite a little differently. A benefit to working with Quotacy is that we work with multiple A-rated life insurance companies.
Shopping your application around to more than one insurance company can only help you. Quotacy will do this behind the scenes so no need for you to hop around applying to different life insurance companies.
Start the process by running quotes online here at Quotacy. Our term life insurance quoting tool can give you an idea of what life insurance costs, but cannot factor how epilepsy will affect the pricing. There are just too many variables for online quoting tools to calculate.
To find out exactly how much life insurance will cost you, simply run a quote and apply online and your Quotacy agent will set realistic expectations after reviewing your application. We’ll walk you through the process of buying life insurance and can help answer any questions along the way.
About the writer
Natasha Cornelius, CLU
Senior Editor and Life Insurance Expert
Natasha Cornelius, CLU, is a writer, editor, and life insurance researcher for Quotacy.com where her goal is to make life insurance more transparent and easier to understand. She has been in the life insurance industry since 2010 and has been writing about life insurance since 2014. Natasha earned her Chartered Life Underwriter designation in 2022. She is also co-host of Quotacy’s YouTube series. Connect with her on LinkedIn.