Levothyroxine is a prescription medication that is used in the treatment of individuals who have been diagnosed with hypothyroidism. The drug is considered to be a replacement for a hormone that is typically produced by the human thyroid gland that is responsible for the regulation of the body’s metabolism and energy. Individuals are given Levothyroxine when their thyroid is not considered to be producing enough of this hormone on its own.
Affect on Life Insurance Application: Little to no effect.
Best Possible Coverage Outcome: Standard or Preferred, depending on the applicant’s overall health condition.
Worst Possible Coverage Outcome: Not applicable, as the drug Levothyroxine has little to no effect on an applicant’s outcome for life insurance coverage.
Primary Determining Factor: In reviewing an applicant for life insurance coverage, there are numerous different criteria that are taken into consideration. When an applicant for coverage is taking the medication Levothyroxine, this drug will not likely be a primary determining factor in the underwriters’ ultimate decision, but their hypothyroidism can be a contributing factor to their rates.
What will, however, be included is whether the individual is applying for a fully underwritten term or whole life insurance policy that requires a medical examination, or alternatively if the applicant is applying for a simplified issue plan that does not have the requirement of a medical exam.
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When life insurance companies promote their policies, they will oftentimes advertise premium rates for individuals who are in great health. This is because those applicants will typically be able to obtain the lowest cost coverage.
But what if you have a pre-existing condition or you take a prescription medication that deems you as ineligible for the best premium rates? The good news is that you can still obtain coverage – and in many instances, you may still be able to get this protection at a very affordable premium cost.
Life Insurance Coverage for Those Who Take Levothyroxine
Just like so many other industries, the life insurance business is always looking for ways to find customers. In doing so, insurance carriers will oftentimes focus on certain niches so as to make their products stand out.
For this reason, it could be to your advantage not to work with any one single insurer when applying for coverage. This way, you will be able to compare many different policies – as well as premium quotes – in order to determine which will truly be the best for you.
As an example, let’s take a look at someone who is applying for life insurance and who currently takes the drug Levothyroxine. This medication is commonly used for the treatment, as well as for the prevention of developing goiters. Levothyroxine will work to replace the hormones that are typically produced by the thyroid gland in regulating both energy and metabolism in the body.
Insurance companies will not typically raise an applicant’s premium rate if he or she is taking the drug Levothyroxine. In fact, in most cases, taking this medication will not play any type of factor at all. Therefore, if an applicant is otherwise in excellent health, they will generally be able to secure a Standard – or possibly even a Preferred – rating on their life insurance coverage.
If the individual is able to secure a policy without having to take a medical examination, then they may be able to obtain their life insurance coverage within 24 hours of applying. In this particular case, no medical exam can also mean the avoidance of underwriters finding any type of elevated blood sugar, blood pressure, and / or cholesterol.
How and Where to Obtain Life Insurance
Buying life insurance while taking Levothyroxine does not have to be difficult. In fact, in most all cases, applicants who take this particular medication will have no effect at all on their life insurance coverage rating or on their premium amount.
We can help you to obtain the life insurance protection that you need quickly and easily, and we can also help you with the many areas of the life insurance buying process, including:
- Choosing the right type of life insurance coverage, such as term life, whole life, or universal life insurance
- Determining how much life insurance coverage that you need in order to provide protection to your loved ones
- Finding a life insurance carrier that will offer you the very best premium rate for your budget
Our company works with many of the best life insurance carriers in the industry today – so when you are ready to move forward and purchase the life insurance protection that you need, all you have to do is just simply fill out and submit the form on this page. Or, if you have any questions at all, feel free to contact us directly by phone, toll-free, by calling 888-229-7522, and see how we can help you.