Do not know if you need a treating doctor's statement for your life insurance application? Read on to discover what you are and when you need
At Haven Life, the application for life insurance is designed so that it is as easy to complete as possible. It only takes a few minutes to get a life insurance quote or fill out an online application, especially if you already know how much life insurance you need and what type of life insurance you are looking for.
If you are applying for medically insured life insurance, you may need to have a personal medical examination – usually about 30 minutes long, and many life insurance companies allow you to complete the examination in your own home.
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But sometimes the process gets a little more complicated. If a life insurance company has any questions about the medical information you provided in your application or during your medical examination, they may request a treatment physician statement (APS). This statement is designed to verify or prepare your current health condition or for a specific medical condition, as well as provide insight into any long-term health risks that may affect your life insurance policy.
Most people do not need an APS when applying for an affordable life insurance policy – but some people do, which is why we have compiled this useful guide.
What is the statement of a treating physician? Who fills in a treatment doctor's statement and how long does it take to add a completed APS to your life insurance application? Do you need a treatment doctor's statement for life insurance, or are there certain types of life insurance policies that do not require APS?
Here's what you need to know about how a treating physician can affect your life insurance application.
In this article:
What is a treating drug statement?
"The treating physician message is a summary of your health condition, written by a physician or medical facility that has either treated or is currently treating someone seeking life insurance," explains Paya Schlass, Customer Success Manager at Haven Life.
When applying for life insurance, you often have to answer health-related questions about your family history, any prescriptions you are currently taking and any acute or chronic problems or a specific medical condition that may affect your classification of your life insurance. Many life insurance companies also require you to undergo a short, personal medical examination as part of the insurance process.
In most cases, the medical information you provide in your life insurance application and / or your medical examination is sufficient to determine if you qualify for a life insurance policy. However, there are situations where a life insurance provider needs additional medical information about an applicant – why you may be asked to provide a statement from a treating physician that can provide a professional perspective on your health.
"Depending on your medical history and / or medical examination results, the insurer may need to obtain these medical records from your physician to obtain further context and more information about medical conditions you have disclosed and / or your prescription history," says Schlass.  Who fills in a treating doctor's statement
To be effective, a treating doctor's statement must be filled in by a doctor who knows you personally – your insurance company or your agency will access information from a doctor who has either treated you in the past A primary care physician is a good option, as is an OB-GYN.
For example, if you are currently receiving specialized medical treatment for a health problem – such as going through physical therapy, learning to manage diabetes or dealing with depression – your life insurance provider may request an APS from the specialists who provide care rd. In some cases, the medical facility you work with may provide an APS on behalf of its medical team.
If a life insurance provider requests an APS, the insurance company will usually cover any costs. You will not have to pay the cost of your treatment drug statement from your self-insurance deduction rate, for example – nor will you have to make any payments out of pocket.
Do you need a treating doctor's statement to take out a life insurance policy?
Do you need an APS before you can take out life insurance? It depends on the applicant. If a life insurance company decides that they need more information about your health before they can issue a life insurance policy, they can request a doctor's statement to further assess the situation. If your life insurance company is satisfied with the medical information received in your life insurance application and / or your personal medical examination, they will not require you to provide additional APS.
Many life insurance providers, including Haven Life, work to make life insurance application as simple and streamlined as possible. Haven Life recently began using electronic medical records when available to verify the medical information included in certain life insurance applications and, whenever possible, anticipate the need for a treating physician's opinion. , for example Haven Life & # 39; s Haven Simple policy. Simplified life insurance is designed for people who want to buy life insurance without the need for a medical examination and do not mind paying a little more for the extra convenience. For example, if you are a new parent, simplified life insurance can be a way to get the coverage you need for your growing family – without having to answer many health questions, take time on the day for a life insurance medical examination or provide a treating medical opinion.
How long does it take to get a treating doctor's statement?
How long does it take to get a treating doctor's statement for life insurance? It depends.
"Unfortunately, this is one of the most time consuming steps in the process," Schlass explains. "The insurance company depends on the speed of the medical facility that provides these records, which in some cases can take a few weeks or more."
As I said, some applicants may qualify for Temporary Life Insurance (TLIC), as the name may suggest, means you can start risk-free coverage to stay on while you apply and when / if you are approved.
If you hope to complete your life insurance application as soon as possible and avoid any delay in a treating physician's statement, make sure you are thorough about your health during the application process. This means that you answer all questions as accurately as possible, regardless of whether you provide a family medical history, share a new mental diagnosis or own up to regular tobacco use.
The more information you can provide about your own health, both during the application process and during the life insurance medical examination, the less likely your insurance company will require you to provide a treating medical opinion for life insurance – and the sooner you may have the peace of mind that comes knowing that you have affordable life insurance in place.
Our Editorial Policy
Haven Life is a customer-centric life insurance agency supported and wholly owned by the Massachusetts Mutual Life Insurance Company (MassMutual). We believe that navigating life insurance decisions, your personal finances and your general well-being can be refreshingly easy.
Our Editorial Policy
Haven Life is a customer-centric life insurance agency that is supported and wholly owned by the Massachusetts Mutual Life Insurance Company (MassMutual). We believe that navigating life insurance decisions, your personal finances and your general health can be refreshingly easy.
Our content is created for educational purposes only. Haven Life does not support the companies, products, services or strategies discussed here, but we hope they can make your life a little less difficult if they suit your situation.
Haven Life does not have the right to provide tax, legal or investment advice. This material is not intended to be provided and should not be relied upon for tax, legal or investment advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
Haven Term is a term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual. Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Life Insurance Issue (ICC19PCM-SI 0819 in certain states, including NC) issued by C.M. Life Insurance Companies, Enfield, CT 06082. Numbers and functions for insurance forms and riders may vary by state and may not be available in all states. Our agency license number in California is OK71922 and in Arkansas 100139527.
MassMutual is rated by A.M. Best company as A ++ (Superior; top category 15). The rating is from Aril 1, 2020 and may change. MassMutual has received different ratings from other rating companies.
Haven Life Plus (Plus) is the marketing name of the Plus Rider, which is part of the Haven Term policy and offers access to additional services and benefits free of charge or at a discount. The driver is not available in all states and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made available under Plus Rider, which are provided by third party providers (partners). For more information about Haven Life Plus, visit: https://havenlife.com/plus.html