Life Insurance with Hypoparathyroidism.
In this article, we wanted to take a moment to answer some of the most common questions we get from folks applying for life insurance after having been diagnosed with Hypoparathyroidism.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Hypoparathyroidism?
- Why do life insurance companies care if I have been diagnosed with functional Hypoparathyroidism?
- 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 functional Hypoparathyroidism?
Yes, individuals who have been diagnosed with Hypoparathyroidism can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, they may even be able to qualify for a term life insurance policy without a medical exam at a Preferred rate.
The only problem is…
That in order to be able to qualify for a Preferred rate, one would need to have made a complete “recovery” from their condition and suffer from any other pre-existing medical condition whereby one’s Hypoparathyroidism was caused.
Why do life insurance companies care if I have been diagnosed with functional Hypoparathyroidism?
The main reason why most of the best term life insurance companies are going to “care” if you have been diagnosed with Hypoparathyroidism is that at the end of the day, Hypoparathyroidism can be caused by some pretty “dangerous” pre-existing medical conditions.
And can cause, an individual to suffer from some pretty “serious” symptoms.
This is why…
We wanted to take a moment and briefly discuss exactly what Hypoparathyroidism is as well as highlight some of the many causes, 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 life insurance application.
Hypoparathyroidism is a somewhat uncommon disorder in which one’s own body begins to secrete abnormally low levels of the parathyroid hormone (PTH).
This is a problem because PTH is essential in regulating and maintaining proper levels of calcium and phosphorus in the body and when these are out of “whack,” all sorts of problems can ensue.
Common causes of Hypoparathyroidism may include:
- Injury or trauma directly to one’s parathyroid gland,
- Accidental damage due to some unrelated surgical procedure,
- An autoimmune response which damages one’s parathyroid gland,
- Radiation cancer treatment,
- Prolonged deficiency of magnesium in one’s blood system,
- Hereditary or congenital forms of Hypoparathyroidism.
Symptoms of Hypoparathyroidism may include:
- Tingling or burning sensation in one’s fingertips, toes or lips (Paresthesia),
- Muscle aches or cramps,
- Muscle spasms,
- Painful menstruation,
- Dry skin,
Serious complications may include:
- Loss of consciousness,
- Reduced Kidney functioning,
- Heart-related disease, including arrhythmias, heart attack, and even heart failure,
Hypoparathyroidism is a condition that can usually be treated by closely monitoring one’s phosphorus and calcium levels and administering medications and/or supplements. Which should allow one to properly maintain a healthy level of both of these substances and minimize/prevent many of the symptoms/complications associated with this disease.
This is why…
Even though some pretty serious complications can arise by suffering from Hypoparathyroidism, most (if not all) life insurance companies will still consider someone eligible for a traditional term or whole life insurance policy provided they are proactively treating their condition.
“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 you’re 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 harm 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 individuals 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 Hypoparathyroidism that’s it! This 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 Hypoparathyroidism?
- Who diagnosed your Hypoparathyroidism? A general practitioner or a specialist?
- What symptoms (if any) led to your diagnosis?
- Do you know what has caused you to develop Hypoparathyroidism?
- Have you been diagnosed with any other pre-existing medical conditions?
- Are you currently taking any prescription medications?
- Are you currently suffering from any symptoms related to Hypoparathyroidism?
- In the past two years, have you been hospitalized for any reason?
- 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?
When it comes time to help an individual who has been diagnosed with Hypoparathyroidism what you’re generally going to find is that most clients are going to “fit” into one of two categories.
There will be those who have been diagnosed with Hypoparathyroidism what has been caused by some kind of disease or event that has now been resolved, and are properly managing their condition and seem to have everything under control who will generally be considered eligible for just about any rate when applying for coverage.
Which means that…
If you fall into this “category,” it’s quite possible that you may be able to qualify for a Preferred rate even though you have been previously diagnosed with Hypoparathyroidism.
Then there will be those…
Who have been diagnosed with Hypoparathyroidism resulting form some type of pre-existing medical condition which may still be “active” or may be serious enough that it becomes the dominant factor determining what “kind” of rate that you would be able to qualify for.
In cases like these, what you’re typically going to find is that you still may be able to qualify for a traditional life insurance policy only now it’s probably safe to say that you won’t be able to qualify for a Preferred 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.
This 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!
Now, will we be able to help out everyone who has been previously diagnosed with Hypoparathyroidism?
No, probably not. But what we can tell you is that in addition to offering a wide variety of different term and whole life insurance policies, IBUSA has also worked very hard to establish relationships with many of the Best Final Expense Insurance Companies as well so that in the event that someone isn’t able to qualify for a traditional life insurance policy, chances are there may be some other “type” of product that you CAN qualify for.