Life Insurance With Hypothyroidism

Written by Jason Fisher

Life Insurance And Hypothyroidism

Life insurance is the best purchase that you’ll ever make for your loved ones. It’s one of the few ways that you can ensure that your family will have the money that they need, even if something tragic were to happen to you.

If you have been diagnosed with hypothyroidism, and you’re considering life insurance, you are in the right place. If you have a severe health complication, like hypothyroidism, then it can be difficult to find affordable life insurance protection, but it’s not impossible. There are several ways that you can get cheaper life insurance coverage, regardless of any pre-existing condition that you have.

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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.

  1. Is your thyroid currently performing normally?
  2. When was your diagnosis?
  3. Are you utilizing medication?
  4. Do you suffer from any symptoms as a direct result?
  5. 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.

These are only a few of the different health questions that the insurance company is going to ask. They are also going to require that you take a medical exam. The results of the medical exam are going to play a huge role in how much you pay for your insurance coverage, and your hypothyroidism is only one part of your overall health.

No Exam Life Insurance for Hypothyroidism

One option for life insurance coverage is to buy a no exam plan. These policies allow you to get insurance coverage without being required to take the medical exam. These plans are an excellent way to get coverage for anyone that has several pre-existing health complications, but there are several pros and cons that you should be aware of when you’re shopping for insurance protection.

One of the most notable advantages of no exam plans is that you can be approved for life insurance much faster than you can with a traditional policy. With a no exam plan, you can be approved for coverage in a matter of days, versus the month that it could take with a traditional policy.

There are a few disadvantages to these policies that can hinder your life insurance coverage. The biggest one is that you’re going to pay more for your life insurance plan. No exam plans are going to be drastically more expensive. Without the information from the medical exam, the insurance company is taking a greater risk to give you life insurance protection. They are going to offset that by charging you higher premiums. If you want to save money, then you will need to apply for a plan that requires the medical exam.

The other notable disadvantage of no exam plans is that you’ll be limited on how much life insurance that you can buy. Most insurance companies will only allow you to purchase up to $500,000 worth of coverage without taking the medical exam. For most families, this won’t be enough life insurance. Not having enough life insurance is almost as bad as not having coverage at all.

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 want to save money every month, it’s vital that you improve your overall health as much as possible. The best way to do that is to start getting regular exercise and make healthier diet choices. Both of these can help you lose weight, lower your blood pressure, and much more. If you’re overweight when you apply for insurance coverage, then you’re going to pay much more for your life insurance plan. In fact, if you’re overweight, you’re going to pay 50% more than if you were in a healthy weight range.

Another great way to save money is to cut out any tobacco that you currently use. If you’re listed as a smoker on your life insurance application, then you should expect to get drastically higher rates for your life insurance plan. Smoking cigarettes is going to drastically increase your risk of being diagnosed with health complications, which means that you’ll pose a greater risk to the insurance company. They are going to drastically raise your premiums. In fact, 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 plan.

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.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. If something tragic were to happen to you, and you didn’t have coverage, your family would have to pay off all of your debts, which could drain their bank account. Life insurance will ensure that your family has the money that they need to get through the difficult time without adding any financial strain.

Shopping Hack: Compare Life Insurance Policies From 12+ Companies
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About Jack D. Davis
About Jack D. Davis

Jack has been an independent life insurance agent since 1985 with a focus on helping families and small business owners.  Jack’s calm approach is very much appreciated by his clients when explaining what type of policy is needed for their unique situation.

You can reach Jack at 800.277.3098 or email:

Learn more about Jack D. Davis

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