Life Insurance with Gout.
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 being diagnosed with Gout.
Questions that will be directly addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Gout?
- Why do life insurance companies care if I’ve been diagnosed with Gout?
- What kind of information will the insurance companies ask me or be interested in?
- What rate (or price) can I qualify for?
- 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 if I have been diagnosed with Gout?
Yes, individuals who have been diagnosed with Gout 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 Preferred Plus rate.
The problem is…
That while it is true that Gout isn’t considered a “life-threatening” medical condition, if left untreated, or poorly managed, studies have shown that having frequent Gout “episodes” can increase one’s chances at developing some pretty serious medical conditions later on in life.
This is why…
Prior to being approved for a traditional term or whole life insurance policy one should expect to have to answer several questions about their Gout so that a life insurance underwriter can get a better idea about how serious your condition is and what “kind” of risk you would pose to them should they decide to approve your application.
Why do life insurance companies care if I’ve been diagnosed with Gout?
If you ask most people who have ever experienced Gout, they will all pretty much agree that it is a terrible thing to experience, that said however far fewer would agree that it is something that ought to affect the outcome of their life insurance application!
But the truth is…
Frequent “gout” attacks combined with poor or no management of this condition can lead to some pretty serious consequences which is why we wanted to take a moment and discuss exactly what Gout is as well as discuss some of the serious consequences that can occur so that we can all have a better understanding of “why” a life insurance company is likely to “care” if you have been diagnosed with it in the past.
At its core, Gout is actually a form of inflammatory arthritis that can develop when someone has high levels of uric acid in their blood. When this occurs, the uric acid ends up forming small needle-like crystals within a patient’s joints causing one to suffer from sudden and severe bouts of pain.
Symptoms may include:
- Sudden and severe joint pain,
- Redness and swelling of the joints,
- Feeling like you big toe is on fire!
- Difficulty walking,
Long term consequences of Gout may include:
- Permanent joint damage and/or deformity,
- Loss of mobility or range of motion,
- Bone loss,
- Development of Toppi which are “chalky” lumps or deposits that form underneath the skin,
- Kidney stones,
- Chronic kidney disease,
It’s these potential long term consequences that will make a life insurance company “care” about the fact that you have been diagnosed with Gout in the past and why most life insurance companies are going to want to ask you a series of medical questions about your Gout prior to approving your traditional life insurance application.
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 Gout?
- How many times have you experience an attack of Gout?
- In the past 12 months have you experienced an attack?
- What treatment options have you pursued?
- Have you determined “why” you have developed Gout in the past?
- Do you suffer from any permanent or linger effects of your Gout?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
Now at this point…
We usually like to take a moment and remind folks that nobody here at IBUSAs any kind of “official” medical training and we’re certainly not doctors. All we are is a bunch of life insurance agents who just happen to be really good at helping folks with pre-existing medical conditions like this one, find and qualify for the life insurance coverage that they are looking for.
Not so great if you’re looking for answers to any specific medical questions. In cases like these, we would recommend that you contact a true medical professional who has the training to help. For everyone else, you’re in luck because now we’re going to get into some of the “nitty gritty” about what you may or may not be able to qualify for.
What rate (or price) can I qualify for?
Now as you can see, by the questions above, most life insurance companies aren’t going to have a whole lot of “specific” question for someone who has been previously diagnosed with Gout because all they’re really going to want to know is:
- How frequently your suffering from Gout?
- How you’re treating your Gout?
- And if you’ve developed any permanent consequences due to your Gout?
From there, most life insurance underwriters will have enough information for them to make their decision about what kind of “rate” that you will be able to qualify for.
The problem is…
Unless you’re someone who has only suffered from one or two separate “episodes” of Gout in which case your previous diagnosis probably won’t have a significant affect on the outcome of your life insurance application, knowing what kind of rate that you might be able to qualify for is pretty much impossible!
This is because…
If you are someone who frequently suffers from Gout, different insurance underwriters representing different life insurance companies are going to have an enormous amount of “subjectivity” when making their underwriting decisions. This is why, if you are someone like this, you will want to be very careful with which life insurance company you ultimately decide to apply with.
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!