If you have been diagnosed with hypothyroidism, and you’re considering life insurance, you are in the right place.
Life insurance with hypothyroidism is a risk not every carrier deals with in the same way, but we are knowledgeable and work with those who are most favorable.
No matter the type of policy you need, we can help you.
Life Insurance With Hypothyroidism
Hypothyroidism, according to WebMD, is simply an under active thyroid, and is quite common for many people. The gland does not provide enough of the needed hormone, and this hormone is used is nearly every functioning part of your body. Your body’s metabolism is kept stable with the hormone produced from your thyroid, and your metabolism has multiple functions in your body as well.
As a result, if you do have an under active thyroid, or hypothyroidism, life insurance can be more expensive if you suffer from any symptoms, like:
While hypothyroidism itself isn’t a huge factor in your life insurance approval, the symptoms and their negative effects on your body can. For example, if you gain a significant amount of weight due to an under performing thyroid, you could develop high blood pressure, arterial disease, and diabetes. These, coupled with hypothyroidism, can have a major impact on your ability to find affordable life insurance.
The overall efficiency of your major organs is also slowed because of a reduction in necessary hormones, and this can cause concern from the blood stream to something exterior, like skin and hair. This affects life insurance because the long term damage which could occur to your major organs can impact your life expectancy, ultimately creating a higher risk profile for the insurance company.
When Applying For Life Insurance With Hypothyroidism
When you apply for life insurance with hypothyroidism, there are certain things the carrier is going to be looking for before they determine your level of risk to them.
- Is your thyroid currently performing normally?
- When was your diagnosis?
- Are you utilizing medication?
- Do you suffer from any symptoms as a direct result?
- Are you able to maintain a healthy weight on your own?
These are some of the types of questions you’ll be asked, and you’ll be required to provide some sort of documentation for both your current and historical health profile. Because it is so common, many insurance companies tend to look favorably upon those seeking insurance as long as they able to provide a healthy and stable history. Do you have other health problems such as diabetes or even epilepsy? We can answer what questions you may have and assist you in finding the coverage you deserve.
Some people live with hypothyroidism since birth, and with a mild medication are able to live perfectly normal lives. Others need more significant treatments, medications, and sometimes even surgery. In this instance, it may be harder to find the best rates available, but you’ll likely still be able to find coverage at standard or substandard rates, depending on the company.
Tips For Life Insurance With Hypothyroidism
First and foremost, you’ll want to use an agent who has the expertise and knowledge to match you with whatever company is going to view your case most favorably. We are independent agents, for example, and can offer all the major companies. We also have a prequalification questionnaire which can help us couple you with only the most aggressive carriers so you can be sure you’re getting the most affordable rates available.
Have any medications you’ve taken in the past as well as current medications on hand, and have doctor’s information available so the underwriters reviewing your profile will have as much information as possible to make an educated decision. The longer history you have, the better. Newly diagnosed hypothyroidism is actually a little tougher to insure than a long-term situation.
Having a healthy lifestyle can also aid your results. An active lifestyle helps to ensure your body can continue to operate at high levels, which also aids in keeping your metabolism up without needing extra hormone through medication or other methods.
If you have questions about applying for life insurance with hypothyroidism, we would be happy to help you through a questionnaire to find out what rates you could expect. Contact us today.