Life Insurance with an Overactive Parathyroid.
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 having been diagnosed with Hyperparathyroidism or an Overactive Parathyroid.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Hyperparathyroidism or an Overactive Parathyroid?
- Why do life insurance companies care if I have been diagnosed with Hyperparathyroidism or an Overactive Parathyroid?
- 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’s dive right in!
Can I qualify for life insurance if I have been diagnosed with Hyperparathyroidism or an Overactive Parathyroid?
Yes, individuals who have been diagnosed with Hyperparathyroidism can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, some may even be able to qualify for a Preferred rate!
The problem is…
That because Hyperparathyroidism can increase one’s risk of later developing some pretty serious complications, most (if not all) life insurance companies will want to fully understand how you are treating your Hyperparathyroidism and whether or not your “overactive” parathyroid is something that they should be worried about or not.
Why do life insurance companies care if I have been diagnosed with Hyperparathyroidism or an Overactive Parathyroid?
The main reason why a life insurance company is going to “care” if an individual has been diagnosed with Hyperparathyroidism is because they want to make sure that if they are going to choose to insure someone with this condition, they aren’t choosing to insure someone who has either already developed some serious complications due to this condition or is likely to develop a serious complication due to not properly caring for their Hyperparathyroidism.
This is because…
At the end of the day, having been diagnosed with an overactive parathyroid doesn’t have to me a “major” problem provided you are proactive about your disease and follow your doctor’s advice regarding proper medical care which may or may not include the use of certain prescription medications, dietary recommendations or perhaps even surgery. Which is why, we wanted to take a moment and discuss exactly what Hyperparathyroidism is and discuss some of the most common symptoms and complications of this disease so that we’ll have a better idea of exactly what a life insurance underwriter will be looking for when making his or her decision about your application.
Hyperparathyroidism or Overactive Parathyroid disease is a medical condition in which one or more of the parathyroid glands become “overactive” and begin to secrete too much parathyroid hormone (PTH). As a result of this “overproduction”, levels of calcium within a patient’s blood will begin to rise and ultimately cause a condition known as Hypercalcemia.
Hypercalcemia is a medical condition that is caused when an individual’s calcium levels rise above what would be considered “normal” levels.
The problem is…
That when an individual begins storing too much calcium within the blood, this can cause all sorts of other complications to occur. Complications such as:
- Weakening of one’s bones (Osteoporosis),
- Creation of kidney stones,
- Cardiovascular disease,
Common symptoms may include:
- Frequent bone fractures,
- Kidney stones,
- Abdominal pain,
- Bone and/or joint pain,
- Excessive need to urinate,
- Nausea, vomiting,
- Unexplained loss of appetite,
Once properly diagnosed, physicians will have a wide range of tools available to them to help individuals manage the amount of calcium in the blood stream including:
- Taking certain medications such as calcimimetics,
- Surgically removing the “overactive” parathyroid gland(s),
- Hormone replacement therapy,
Or simply adopting a “wait and see” approach for those whose calcium levels haven’t yet reached a level which could become dangerous.
“Which brings us to an important point that we think we ought to mention.”
If you think you have a medical issue, don’t use the internet to try and diagnose yourself. After all, if you do and your correct, you’re still going to need to see the doctor, and if you’re wrong, the time you spend being your own doctor could really cause great harm to yourself!
Nobody here at IBUSA is medically trained and we’re certainly not doctors. All we ware is a bunch of life insurance agents who just happened to be really good at helping individual find and qualify for the life insurance that they’re looking for. So please don’t mistake any of the medical information that we talk about as medical advice because it’s not!
Trying to “prep” you for what it might be like to apply for a life insurance policy after you have been diagnosed with Hyperparathyroidism… that’s it! Which brings us to our next topic which is…
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 diagnosed with an Overactive Parathyroid or Hyperparathyroidism?
- Who diagnosed your Hyperparathyroidism? A general practitioner or a specialist?
- What symptoms (if any) led to your diagnosis?
- How have you chosen to treat your Hyperparathyroidism?
- Surgical procedures?
- Wait and see?
- Are you currently suffering from any symptoms related to your Overactive Parathyroid now?
- What medications (if any) are you currently taking now?
- Have you been diagnosed with any other pre-existing medical conditions?
- Do you have any upcoming surgical procedures planned or potentially planned?
- In the past 2 years have you been admitted to a hospital for any reason?
- In the past 2 years have you broken any bones?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
What rate (or price) can I qualify for?
As you can see, there are a lot of factors that can come into play when trying to determine what kind of “rate” an individual might be able to qualify for after having been diagnosed with Hyperparathyroidism. This is why it’s pretty much impossible to know for sure what kind of “rate” you might be able to qualify for without first speaking with you directly.
That said however…
There are a few “assumptions” that we can make about folks who have been diagnosed with Hyperparathyroidism which will usually hold true when applying for a traditional term or whole life insurance policy which will hopefully give you a general idea about what kind of “rate” that you might be able to qualify for.
If you are someone who has been previously diagnosed with Hyperparathyroidism and has since had your overactive parathyroid gland(s) removed and are now maintaining normal levels of calcium within your system, it is reasonable to assume that you might be able to qualify for a Preferred rate provided you would be able to meet all other requirements for such a rate.
If you are someone who will be able to provide medical evidence that you are successfully managing your condition and don’t seem to be suffering from any of the more serious complications associated with this disease, it is also reasonable to assume that you might be able to qualify for a Preferred rate as well.
Which is why…
It’s only when someone has either just recently been diagnosed with this condition (and doesn’t yet have it under control) or seems to be having difficulty maintaining a “normal” and “healthy” level of calcium in their system that we begin to run into trouble. Fortunately, in cases like these, what we’ll normally find is that an individual may still be able to qualify for a traditional life insurance policy only now that may only be able to qualify for a Standard or “Sub-standard” rate.
The good news is…
That regardless of your situation, we here at IBUSA can help because we have tons of experience helping folks with all sorts of pre-existing medical conditions like yours and are committed to helping all of our clients find the “best” life insurance policy that they can qualify for. Which brings us to the last topic that we wanted to take a moment and discuss which is…
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 usually the folks who seem to find the “best” life insurance policy for them are those that:
- Take their time reviewing their options.
- Ask a lot of questions.
And seek out those life insurance agents who not only have experience working with individuals who have been diagnosed with a wide variety of pre-existing medical conditions, but also have access to dozens of different life insurance companies so that when it comes time to helping a more “challenging” case, they don’t have to rely on a…
“One size fits all approach!”
The good news is that this is exactly what you’re going to find here at IBUSA so, if you ready to find out what we can do for you, just give us a call and let give us a chance to show you what we can do for you!