That is an excellent question. I wanted to add more life insurance to my existing policy but had 2 things that made me think it wasn't going to happen
1) a long questionnaire that must be signed by your medical team explaining your current illness and
2) I am 35 years older than when I bought the original life insurance
I just let it drop because it would cost so much and take a great deal of my time to get approved. You could take the money that you wanted to invest in a life insurance policy and buy Gilead stock that you could leave to your loved ones
Coincidentally, that's how I was diagnosed...through a renewal of a life insurance policy blood test in 2008. They declined my policy of $250k with a fixed premium for 10 years because of HCV, but they put me on another plan that increases every year.
I had to drop from $250k to $100k in order to afford the premiums. Every February, the premium gets bumped up. And I believe after 2018, the premium will double to put it in the $200 a month range. Each year after, it will continue to increase by leaps and bounds.
They did offer me a fixed rate plan that I could lock in for life but I forget the exact amount. It was a car payment, from what I recall.
So, it's possible, but you'll pay dearly. I have a few more years before my children graduate from college and I'll probably keep this policy until then and then bail on it. I'll invest the money I pay in premiums.
"So, it's possible, but you'll pay dearly.
Good, I appreciate the information. Hopefully, I can wait until I am SVR before I try to buy. I don't mind getting insurance but I don't want to deal with any HepC stigma freaks~Cheers!
Hi my friend who had HCV was able to get life insurance though he does pay a lot. I wonder if they reduced his premium once he was cured. Good question. Since we always test positive I wonder if they would accept a letter from the doctor saying we are cured.
That's an interesting point, Dee.
It may be worth a google search to see if a person who has HCV antibodies, but no active virus, can obtain a policy comparable to someone with no antibodies in the same health status.