Gout is probably more common than you may think. Some studies have shown around 4% of the United States suffered from gout.
4% doesn’t seem large until you think about how many people there are in the United States and how many have been diagnosed with the condition. These people are left with a lot of questions about managing the condition and how it’s going to change their life. One question we get a lot, is about how gout is going to change their chances of getting life insurance and how much it’s going to cost.
This condition involves a dysfunction of the metabolic system. It is typically found in older men, as well as in post-menopausal women, and it results from the accumulation of uric acid crystals in the blood.
When these crystals deposit in the individual’s joints and connective tissues, the result can be a type of arthritis, with common symptoms of the condition including pain and swelling, as well as redness in the area. Some of the most common areas of the body that are affected include the knees, fingers, and big toe. The tendons and surrounding tissue can also become inflamed.
Because gout is not a life-threatening condition, applicants can still get approved. However, the issue can oftentimes come for those who take prescription medication for gout, as certain medications can cause very harmful side effects.
What the Life Insurance Underwriters Will Want to Know About Your Condition
Here are some of the questions they are going to ask:
- When did you receive the gout diagnosis? The length of time you have been affected by gout could have a bearing on the approval of your life insurance application. While the longevity of the condition itself may not always be an issue, prescriptions for gout can afflict a person with adverse side effects. In addition, the longer an individual has had gout, the more probable it is that he or she will be subject to complications. If, however, you have recently been diagnosed, and you are controlling the condition well, you can get a standard approval rating.
- What prescriptions do you take to manage the gout?
- What problems have you had with your gout in the last 6 months or a year? If it’s caused other problems, it’s going to change your life insurance coverage.
- Do you regularly schedule visits with your rheumatologist? Those who schedule regular check-ups with a rheumatologist are showing that they are attempting to manage their condition. This is a positive sign in the life insurance underwriters’ eyes. In addition, the information from the rheumatologist can oftentimes be used to obtain additional information about the insurance applicant’s condition.
- Do you have any laboratory test results from the last 12 months that may be reviewed? If you have any lab test results such as an ESR (erythrocyte sedimentation rate) or a blood uric acid test, they will want these results.
They will also look at things like:
- Smoking status
- Tobacco usage
- Alcohol usage
- Foreign Travel
After they’ve gotten all this info, they are going to take it and see how it stacks up in their underwriting and algorithms. These answers are going to change how much you pay for your plan.
Tips for Getting Approval with Gout
There are a lot of things you could do to get better rates and decrease your chances of getting rejected. The gout by itself won’t cause you to get a rejection letter, but it all depends on the rest of your health.
Let’s look at an example. You’re an applicant with gout. This isn’t a major red flag which will cause them to put your application in the trash. But, let’s imagine you have other health problems. Maybe you’ve been diagnosed with diabetes as well or you’re a smoker. These things coupled with your gout is going to cause some concern from the insurance agent’s point of view.
If you’re in perfect health aside from the goat, you shouldn’t have any problems getting approval. Most people aren’t in excellent health. If you’re one of those, then the best bet is to partner with someone who knows what they are doing.
Luckily, we are some of those people. We are well-versed in the high-risk insurance arena.
Gout isn’t a dire condition, it may not play a major role in your insurance search – but the rest of your health might.
Sure, you could spend hours and hours talking to agents and combing through insurance companies. Your other option is to call one agent and then have every single quote come directly to you. Which option sounds better?
If you ask us, it’s not worth the time.