Anyone who has been diagnosed with a health condition will have some trouble qualifying for the life insurance policy that they want. 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.
If you have Hyperthyroidism there could have been a time in the past where your application was denied. 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 stimulating 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.
Applying for Life Insurance Coverage with Hyperthyroidism
We’ve talked to some of our agents and compiled a list of questions that the insurance company is going to ask you about. You’ll need to jot down some answers to these to make sure you give the underwriter accurate information.
- 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.
- Have the symptoms of your Hyperthyroidism increased recently?
- 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.
- Are your visits to the doctor up to date? Or do you regularly schedule checkups? If not, we suggest doing so.
- Within the past 6 months, have you had any lab testing performed in 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, the life insurance company will require you to go through a medical exam. During which you’ll give a sample of blood and urine that will be tested.
Another option for life insurance is to purchase a no exam life insurance plan. 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.
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.
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. 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 – all while you sit at home! 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.