Gout is one of those pre-existing medical conditions that is super painful and absolutely no fun to suffer from, but is generally not a “life threatening” condition. Which is why many individuals are surprised to learn that their “gout” or their prior history of suffering from gout, can actually have an affect the outcome of the life insurance application.
This is why…
We’ve chosen to write this article about how many life insurance companies will view “applications” from individuals who have been diagnosed with gout in the past, as well as provide a few tips for how someone with a pre-existing history of gout can qualify for a better life insurance premium than they may ordinarily be able to qualify for.
But before we get too…
Far ahead of ourselves, let’s first just take a moment and define exactly what gout is and try to identify why a life insurance company may have an issue with an applicant who has been diagnosed with gout in the past.
Gout is a “type” of arthritis that is caused by having too much uric acid in the blood. This “over-abundance” of uric acid in the blood of an affected individual will lead to the development of uric acid crystals called tophi.
It is these tophi that go one to lodge themselves in one’s joints and can cause a wide spectrum of painful symptoms which can include:
- Burning pain in the joints, ankles, knees, foot and toe areas.
- Stiffening of the ones’ joints.
- And lumps and/or swelling of the joints.
As stated before, gout is caused by an “over-abundance” of uric acid levels in the blood. Potential causes for one to develop too much uric acid has been linked to:
- Excessive alcohol consumption,
As well as dietary causes including eating too much meat or fish that contain high levels of purines.
After a gout “attack” has occurred, most treatment options will simply center around managing the pain associated with the attack. Medications that may be prescribed may include corticosteroid injections as well as over the counter medications such as ibuprofen.
To prevent future attacks, your doctor may recommend that you follow a certain diet in order to avoid developing too much uric acid in your blood stream as well as prescribe medications that can help your body regulate how much uric acid is produced.
Ok, so why are life insurance companies worried about my gout?
Now up until now, we really haven’t discussed any particular reasons why a life insurance company would get nervous about someone that was diagnosed with gout. But the truth is, if left untreated, the tophi (uric acid crystals) can become infected which can potentially develop into a life-threatening condition.
Now is it…
Super common for someone to have their gout develop into a life-threatening medical condition? No, it’s not, but that doesn’t mean that the insurance companies aren’t going to be interested in:
- When was your first attack from gout?
- How often do you suffer from gout?
- Have you ever been hospitalized due to your gout?
- And have you ever developed any infections from your gout?
Now the good news is that…
Most individuals who suffer from the occasional gout “flare-ups” should still be eligible for a Preferred or Preferred Plus rate when applying for a traditional term or whole life insurance policy. They’ll also “typically” be eligible for a simplified issue term or whole life insurance policy (no medical exam required) as well.
For those individuals who suffer from more than the “occasional” flare-up, or tend to suffer from more severe symptoms related to gout, there is still a really good chance that you too will be eligible for a traditional term or whole life insurance policy. The only difference is that you may not be able to qualify for a Preferred rate and may have to settle for a Standard or Normal rate or even a Table Rate.
What is a Table Rate?
A table rate is a life insurance rate that is typically reserved for a “higher” risk applicant. Now in general, there are 10 table rates ranging from Table A, which is reserved for “lower risk” applicants all the way to Table J, which is reserved for “higher risk” applicants.
But don’t fret…
At this point, all you need to understand is that if you’ve been diagnosed with gout in the past, chances are you’ll be able to qualify for a traditional term or whole life insurance policy.
Which is great news!
Now you just need to figure out how you can qualify for the “best” life insurance policy that you personally can qualify for.
And in our experience…
Here at InsuranceBrokersUSA, the best way that we’ve found to help individuals find the best life insurance policy that they can qualify for is to… Make dozens of different life insurance companies compete for your business!
This is why we here at InsuranceBrokersUSA have chosen to remain an independent life insurance brokerage that is capable of working with dozens of highly rated life insurance companies so that we don’t have to rely on just one or two different options.
So, what are you waiting for? Give us a call today and see what we can do for you!