In this article, we wanted to take a moment and try and answer some of the most common questions we get from folks applying for life insurance after they have been prescribed Levothyroxine or any one of the different brand names it may be sold under, including:

• Levo-T,
• Levothroid,
• Levoxyl,
• Synthroid,
• Tirosint,
• Unithroid,

To treat hypothyroidism.  Levothyroxine can also be used to help treat an enlarged thyroid gland and thyroid cancer.

Questions that will be directly addressed will include:

• Can I qualify for life insurance after I’ve been prescribed Levoxyl?
• Why do life insurance companies care if I’ve been prescribed Levoxyl?
• What kind of information will the insurance companies ask me or be interested in?
• What rate (or price) can I qualify for?
• What can I do to help ensure that I get the “best life insurance” for me?

So, without further ado, let’ dive right in!

Can I qualify for life insurance after I’ve been prescribed Levoxyl?

Yes, individuals who have been prescribed Levoxyl can and often will qualify for a traditional term or whole life insurance policy. In fact, they may even qualify for a Preferred Plus rate!  The problem is that there will be others who may not be able to qualify for a traditional life insurance policy as well.

Why do life insurance companies care if I’ve been prescribed Levoxyl?

Life insurance companies “care” if an individual has been prescribed Levoxyl because it is a prescription medication that, in addition to helping folks treat an enlarged thyroid gland or hypothyroidism, it can also be used to help those who have been diagnosed with Thyroid cancer.

And as one…

Can imagine that most life insurance companies aren’t all that eager to insure someone with a traditional term or whole life insurance policy who might be currently receiving cancer treatment or has just recently gone into remission.  For this reason, once a life insurance underwriter learns that you have been prescribed Levoxyl, one should be prepared to answer a few questions about “why” they have been prescribed Levoxyl and how well their Levoxyl is helping them treat their underlying pre-existing medical condition prior to getting approved for coverage.

What kind of information will the insurance companies ask me or be interested in?

Common questions you’ll likely be asked may include:

• When were you first prescribed Levoxyl?
• Who prescribed your Levoxyl? A general practitioner or a specialist?
• Why have you been prescribed Levoxyl?
• Have you ever been diagnosed with cancer?
• What symptoms led you first to be diagnosed with the underlying medical condition that warranted your Levoxyl prescription?
• Are you suffering from any symptoms of your disease now?
• Are you currently working now?
• In the past 12 months, have you applied for or received any disability benefits?

What rate (or price) can I qualify for?

Now let us first state for the record that the questions that we just listed above represent only the “tip” of the iceberg when it comes to what “kind” of questions a life insurance underwriter might ask.  The main reason for this is that once a life insurance underwriter learns “why” you have been prescribed Levoxyl, that in itself is going to “spur” all sorts of other additional questions about the underlying cause warranting your prescription.

You see…

If you’ve been diagnosed with thyroid cancer, that diagnosis, rather than the fact that you have been prescribed Levoxol, will then become the driving force behind what kind of “rate” you might be able to qualify for.

Additionally…

If it has been determined that you suffer from an enlarged thyroid, it’s easy to imagine that the “cause” behind the fact that you’ve been diagnosed with an enlarged thyroid is going to come into play.  And here is where we’re going to run into some additional problems seeing how there are so many reasons why an individual might develop an enlarged thyroid, including:

• Graves’ disease?
• Hashimoto’s disease?
• A multinodular goiter?
• Solitary thyroid nodules?
• Etc, etc…

The good news is that with many of these conditions, it may still be possible to qualify for a Preferred rate only now you’ll likely need to answer a series of questions specific to the “cause” of your enlarged thyroid gland, which unfortunately exceeds the scope of this article (For more information, please visit our pre-existing medical conditions page).

That said, however…

There are some things that you yourself can do to help ensure that you’re able to find the best life insurance policy that you can qualify for, which is why we wanted to take a moment and discuss…

What can I do to help ensure that I get the “best life insurance” for me?

In our experience here at IBUSA, what we have found that works best for folks who have been diagnosed with a pre-existing medical condition where the “severity” of the condition is often “subjective” is for the applicant to make sure that they first find a true-life insurance profession who will work as an advocate for you. Such an agent who can help guide you through the application process and be perfectly “frank” with you about what options may or may not be possible for you.

From there…

You’ll also want to make sure that the very same agent you have chosen has access to dozens of different life insurance companies because, after all, it really doesn’t matter how “great” of a life insurance agent you might have if they don’t have access to the “best” life insurance policy for you!  Now does it?

Lastly, you’ll want to make sure that you’re completely honest with your life insurance agent prior to applying for coverage.  By doing so, you will be helping him or her narrow down what options might be the “best” So, what are you waiting for?  Give us a call today and see what we can do for you!