Home / Insurance / Blog article: Would a diagnosis of Trichotillomania affect term life insurance rates?

| RSS

Would a diagnosis of Trichotillomania affect term life insurance rates?

October 9th, 2009 | | Tags: , , , , , , | 3 Comments | |

pen and graph

Follow Discussion

3 Responses to “Would a diagnosis of Trichotillomania affect term life insurance rates?”

  1. aaron p Says:
     October 9th, 2009 at 9:01 pm

    Normally, you should be able to get standard rates or slightly better. The problem with chronic psychiatric conditions, is that they have a tendency to lead to one another. Trich, itself, does not pose an additional risk, but trich tends to increase your chances of developing depression, anxiety, and so on later in life.

    If you are not getting standard or better rates, ask your insurance broker to look around for you. If he or she is unwilling or unable to, ask another insurance broker to look "informally" for you without sacrificing any formal offer you already have.

    Good luck

  2. GeoTheo Says:
     October 9th, 2009 at 9:01 pm

    Since it is not a fatal disease you are at no risk so it should not increase your premium. Things that are red flags are serious or potential life threatening illnesses, smoking, drinking, poor traffic record to include reckless driving and family history. You can accept risk with riders or clauses but I don’t see you dying from pulling your hair out. If it is a severe case that requires hospitalization or infection related to sores caused by the disorder then a preexisting condition clause entered into the contract. either way this is a health or medical insurance issue not a life insurance one. Hope this helped.

  3. 65% water Says:
     October 9th, 2009 at 9:01 pm

    Inasmuch as this might be considered to be a psychiatric diagnosis, then yes. No enlightened insurance company would raise rates for this diagnosis, but there are plenty of unenlightened ones out there. If you are quoted rates that you think are excessive, check with the agent to find out how the rates were computed.

Leave a Reply

You must be logged in to post a comment.

News results

    Web results

    Image results

    life insurance rates with stroke
    ... Disease and How it Impacts Life Insurance Prices
    What is an Asthma Attack? | Discussion: Allergy; Symptoms; Treatment
    Insurance
    Insurance
    By drinking antioxidant water, it provides sufficient minerals for our ...
     

    Want to link to this article?
    Copy and paste the code below into your web site (Ctrl+C to copy). It will look like this: Would a diagnosis of Trichotillomania affect term life insurance rates?