When applying for life insurance, it can be difficult to qualify if you have any type of adverse health condition. This is because the life insurance company does not want to increase its risk – and its cost – of having to potentially pay out a claim.
When you apply for a life insurance policy, the company is going to look at a dozen different factors to decide how much of a risk you are to insure through a life insurance plan. They are going to look at everything from your age to your hobbies. The biggest factor that the insurance company is going to look at is your health and any pre-existing conditions that you have. It’s vital that you get the best insurance plan to meet your family’s needs.
For those who have been diagnosed with Cushing’s Syndrome, obtaining life insurance can take some research in order to find a company that will accept a higher risk – especially if you’ve had certain complications due to your condition.
There is good news, though. Working with a company that has access to several insurers can ease the process of applying for life insurance coverage. This is because your application can increase its odds of approval exponentially. We can help you with this process, as we work with many of the top insurance carriers in the industry today. We can also help you to be prepared for what the insurers will want to know. Being better prepared on your application for coverage can also help to improve your changes of approval.
What the Life Insurance Underwriters Will Want to Know
When applying for life insurance with Cushing’s Syndrome, the underwriters at the insurance company will want to know more in depth details about your health condition. This will help them to get a clearer picture of how long you have had your condition, as well as whether or not the condition is under control. This will, in turn, help them to determine whether you will be an acceptable risk as an insured.
Some of the questions that you will be asked may include the following:
- When were you initially diagnosed with your condition? Because Cushing’s Syndrome is a manageable and controllable condition, when you were initially diagnosed is important. Those who have had this condition for a prolonged period of time, however, and have not managed it well, do have an increased probability of serious complications to the liver, lungs, or heart.
- Have you experienced any symptoms of your condition over the past 6 months? Some of the more common symptoms of Cushing’s Syndrome include sudden hair loss, weight gain, and / or an increase of cortical levels.
- Has your physician referred you for any type of surgery due to your condition? Those who have Cushing’s Syndrome may be more prone to tumors showing up in the pituitary or the adrenal glands. If you’ve undergone surgery for such a tumor and more than one year has passed, it is possible that you could qualify for a Standard rating on a life insurance policy – as long as your overall health is otherwise good.
- What, if any, medication have you been prescribed for your condition? And, do you take any other medications for other health conditions? Depending on the medications that you are taking (if any), it could count as either a positive or a negative on your life insurance application. This is because certain medications have various side effects. Some of these can be therapeutic, while others can be potentially harmful to other areas of the body.
- Do you regularly visit your doctor due to your condition? Regular visits to your doctor – particularly to an endocrinologist – is extremely important so that any potential complications of your Cushing’s Syndrome may be averted or delayed. In doing so, you could obtain a Standard or a Mild Substandard policy rating, depending on your overall health condition.
- What, if any, related diagnostic testing have you had performed over the past 12 months and what were the results? One of the best ways of determining your condition with Cushing’s Syndrome is to test your level of cortical through your blood. Other testing may include urine testing and / or an MRI. Depending on what is found, the underwriters can make a determination regarding the rating of your life insurance policy, and the corresponding premium that will be charged.
- Have you ever been hospitalized due to your condition? Being hospitalized – as well as being rushed to the emergency room – due to your Cushing’s Syndrome can also play a factor in the underwriter’s decision regarding your life insurance coverage.
- Do you have any other type of health condition? If you have any other health condition (or conditions) such as diabetes or kidney issues, this must also be noted on the application for life insurance coverage.
In addition to specific information about your Cushing Syndrome, the underwriters will also review information on your application regarding your:
- Height and weight
- Smoking status / tobacco usage
- Alcohol usage
- Occupation and income
- Lifestyle and hobbies
It is also likely that you will need to take a medical examination as a part of the overall application process. This will entail providing a blood and urine sample. These samples will be reviewed for particular health conditions that could also pose certain risks to the life insurer.
Once all of your information has been reviewed, the underwriters will be able to determine your eligibility for coverage, as well as where you will fall in terms of the premium rate to be charged.
If you’re in poor health or you have several pre-existing conditions, then there is a chance that you could get declined for coverage. It’s important that you get the life insurance protection that you need, and there are several ways that you can insurance that you get the best coverage at an affordable price. If you’ve been declined for coverage in the past, don’t automatically assume that you can’t get life insurance. One of the best ways to get protection is to purchase a no medical exam plan. As you can guess from the name, these plans are going to give you life insurance without having to go through the medical record.
These plans are going to be more expensive than other types of coverage. The purpose of a medical exam is to give the insurance company an overall picture of your health, without that picture, they are taking a higher risk to insure you with a plan. They are going to offset that risk by charging you higher monthly premiums. They are going to be more expensive, but you can’t put a price tag on the peace of mind that a life insurance plan will bring you
Another possible disadvantage to these plans is that there is going to be a limit on how much coverage that you can purchase without being required to take a medical exam. With most insurance companies, they will only sell you $250,000 of life insurance protection. For most applicants, this isn’t going to be enough life insurance. You’ll have to purchase two policies or apply for a traditional plan.
Applying for Life Insurance Coverage with Cushing’s Syndrome
If you are ready to apply for life insurance with Cushing’s Syndrome, we can help. We work with numerous life insurance carriers who specialize in helping people with illnesses, and we can help to point you in the right direction of the one that will serve your needs best in terms of benefits and your premium budget.
In order to get the process of comparing benefits and premium quotes started, use the form on this page. Within just seconds, you will be able to compare which coverage and company can serve your life insurance protection needs best.
If you should have any questions or concerns regarding life insurance coverage, premiums, or policies, please don’t hesitate to give our experts a call. You can reach us toll-free at 888-229-7522 and we will be happy to help.
It’s our mission to ensure that you get the best coverage to meet your family’s needs. We are independent insurance agents and we can help you compare dozens of quotes all at once. Unlike a traditional agent, we don’t only work with one single company. Our agents can help you save both time and money on your insurance policy.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to give your family the life insurance protection that they deserve. It’s our mission to insure that you have a quality life insurance policy at an affordable rate.