Term Insurance

Long story about what has been going on lately, but I've applied for term insurance. Applied, and I have no clue if I will be accepted. My medical history kind of makes me nervous that I won't. Being born with my heart condition, I certainly couldn't help that-if that's what disqualifies me, then there is nothing that I can do about it. But no one told me at 15 that getting diagnosed with depression could someday make it so that I couldn't get insurance. Note that term insurance is different than life insurance. Term insurance, you are covered for a certain period of time, with lower premiums and less hidden print. It is through Primerica, so the phrase "Buy term and save the difference" is what we go by. Part of the reason I am applying now is that things are NOT going to get better on the heart front, only more likely to make me denied coverage. On the mental exclusion front, well, time will help that...

It's not that I personally need insurance at this point in my life...but let's fast forward to ten years down the road. Maybe I'm married and have a child. I am then at a point where I DO likely need insurance, but it's only going to be more challenging to get then, as my heart is likely to continue gradually worsening to the point where medications and/or surgery are necessary to fix or replace my valve. I wish I had done this back in October, then I would only have had one big exclusion mark against me, not two possible ones.

Having to tell the company over the phone about my eating disorder past was hard. Is it at a very manageable point at this time in my life? Yes. Did I feel like I was being judged when I talked about still involving myself actively in doing a group and seeing a dietician from time to time to make sure that I am still on the right track? YES.

It could be some time before I hear about this, and even if I am denied, it is not the be-all-and-end-all...if I am denied coverage, at least I know and can prepare in other ways, such as investing more. If I am accepted, then I am covered for 35 years...

I haven't felt this stressed for some time, but I do now. And it is not a nice kind of stress in the least.