When individuals have any type of adverse health condition, it can be much more difficult to qualify for life insurance coverage. This is because certain health issues may shorten a person’s life expectancy – ultimately leading to a costly life insurance claim that must be paid out by the insurance company.
Those who have been diagnosed with Hyperthyroidism may have been turned down for life insurance coverage in the past. The good news is that those with this condition can qualify for coverage – it is just a case of knowing where to look for it.
Hyperthyroidism is a type of autoimmune condition where the thyroid glands become hyperactive. In turn, the thyroid hormones thyroid slimulating hormone, triiodothyronine, or thyroxine will then become elevated. Because of this process, metabolic disorders can be caused that can in turn result in serious complications.
One of the most common symptoms of hyperthyroidism is an enlarged thyroid gland. Other common symptoms are protruding eyes, mass-like growths on the affected -person’s neck, and distended veins in the neck. The individual may also have behavioral signs such as hyperactivity, irritability, anxiety, nervousness, and insomnia.
In addition, Hyperthyroidism can also lead to some very serious physical – and oftentimes life threatening – conditions, such as complications of the heart, arrhythmia’s, palpitations, and shortness of breath.
Regardless of your health or any severe medical problems that you have, it’s possible to get life insurance coverage. If you’ve been declined for life insurance in the past, don’t worry, there are several options that you can choose from to ensure that you’re getting the best plan possible.
Applying for Life Insurance Coverage with Hyperthyroidism
When applying for life insurance coverage with Hyperthyroidism, the underwriters will typically want to know more details about the applicant’s condition. Therefore, they will usually ask much more in-depth questions such as the following:
- When were you initially diagnosed with your condition? Provided that the symptoms are well controlled and managed, Hyperthyroidism is not a condition that is life threatening. Therefore, if the condition is diagnosed early on it is and properly managed, serious complications can typically be either prevented or controlled. In most instances, then, a Standard life insurance policy rating may be possible.
- Within the past 6 months, have you experienced any symptoms of Hyperthyroidism? Over the past 6 months, if you have experienced symptoms such as heart palpitations, heart arrhythmias, or shortness of breath, then it could be a sign that your condition is becoming more serious. In this case, your policy could be rated as a Substandard.
- What, if any, medications are you currently taking for your condition? In order to help manage or control Hyperthyroidism, it may be necessary to take certain types of medication. If so, however, it may also be necessary to keep a close eye on your blood levels of thyroid hormones. In many cases, even if an applicant is taking medication, a policy can be rated as a Standard. If, however, the case is more serious, it could be rated as a Mild Substandard.
- Do you have regularly scheduled check-ups with your endocrinologist? By having regularly scheduled check-ups with your endocrinologist, you can help to monitor and control your condition. This is seen as a positive by the life insurance underwriters.
- Within the past 6 months, have you had any lab testing performed with relation to your Hyperthyroidism condition? If you have had any blood work done for TSH, T3, and T4, over the past 6 months, this will help to show whether your Hyperthyroidism is being well managed or not. The life insurance underwriters will likely want to review this information. By having this testing performed, it will show the underwriters that you are working to manage your condition.
- What, if any, other medical conditions do you have? In addition to Hyperthyroidism, other health conditions can intensify the illness. This is especially the case for issues such as heart conditions or diabetes.
In any case, it is likely that you will also be required to submit a blood and urine sample as part of the life insurance application process. These samples will be reviewed for other health issues that could also pose a threat of claim to the insurance company.
The insurer will also want to review other factors, too, such as your age, gender, height, weight, marital status, occupation, income, smoking status, tobacco usage, alcohol usage, and the type of potentially risky or dangerous hobbies and activities that you participate in.
Another option for life insurance is to purchase a no exam life insurance plan. As you can imagine form the name, these plans allow you to purchase insurance coverage without having to take the medical exam. These are some pros and cons to these plans that you should be aware of when you’re shopping for insurance protection.
The most notable advantage is that these no exam plans are going to allow more people to get insurance coverage, regardless of their health. It’s important that everyone get the life insurance protection that they deserve, and your health shouldn’t prevent you from getting that. No exam plans will let you get the protection that your family will need, regardless of what happens to you.
Another benefit of these plans is how quickly you can get life insurance protection. With a traditional policy that requires a medical exam, you can wait up to a month to get life insurance coverage. With a no exam plan on the other hand, you can get life insurance coverage as quickly as a few days. If you want life insurance as quickly as possible, a no exam plan is going to be the best option.
There are a few disadvantages to these plans that you should be aware of as well when you’re looking at life insurance options. One of the drawbacks of these plans is that they’re going to be more expensive than other plans. The purpose of the medical exam is to give the insurance company an idea of how much risk you are for life insurance. Without that exam, the insurance company is taking a much greater risk to give you life insurance, and they are going to offset that by charging you much higher premiums.
The other major disadvantage to these plans is that you’re going to be limited on how much insurance coverage that you can buy. Most insurance companies are only going to allow you to purchase around $250,000 which is not enough life insurance protection for most families. Not having enough life insurance is the worst mistakes that you can make.
Getting Life Insurance Approval with Hyperthyroidism
There are a few ways that you can improve your chances of getting affordable life insurance protection. Making a few simple changes could improve your chances of being approved and also save you thousands of dollars every year on your insurance coverage.
One of the most important things that you can do is to cut out any tobacco that you currently use. If you’re listed as a cigarette smoker on your life insurance application, then you have a higher chance of getting diagnosed with other health complications, like cancers or a heart attack, and that means that you’ll pose a higher risk to the insurance company. They are going to offset that additional risk by charging you higher monthly premiums. Smokers are going to pay at least twice as much for their insurance coverage versus what a non-smoker is going to pay for the same sized policy.
Another way that you can save money is by slowing down on your way to work every morning. What most people don’t realize is that the insurance company is going to pull your DMV records when you apply for coverage. If you have any accidents or speeding tickets on your driving record, then you’re going to be considered a high-risk applicant, which means that you’re going to pay more for life insurance.
In getting life insurance approval with hyperthyroidism, it is typically a good idea to obtain policy information and quotes from more than one life insurance company – and in doing so, we can help. We work with many of today’s most highly rated life insurance companies in the marketplace and are specifically good at matching people who fall into a high risk category with a company that views their condition in the most positive light.
Within a matter of just seconds, we can provide you with information on life insurance policies, as well with premium quotes, from a number of life insurers – right from your home computer. In order to get this convenient process started, you can just simply use the form on this page.
We also understand that you may have additional questions about how to get life insurance approval with Hyperthyroidism. You may also want more information about how to compare life insurance premium quotes, or even just about life insurance in general.
If so, our experts are here to help. Feel free to contact us, toll-free, at 888-229-7522. We want to ensure that you are able to obtain the kind of life insurance protection that you and your loved ones needs to receive the peace of mind that you deserve.