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QUALIFYING LIFE INSURANCE WITH ADDISON’S DISEASE


Life Insurance with Addison’s Disease.

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 diagnosed with Addison’s disease, Adrenal Insufficiency or Hypocortisolism.

Questions that will be addressed will include:

  • Can I qualify for life insurance if I have been diagnosed with Addison’s disease?
  • Why do life insurance companies care if I have been diagnosed with Addison’s disease?
  • 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 Addison’s disease?

Yes, individuals who have been diagnosed with Addison’s disease or Hypocortisolism 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 rate!

This is why…

In addition to first taking a look at what rate you may be able to qualify for when applying for a traditional life insurance policy, thus who seem to have their condition well under control may also want to consider possibly purchasing a No Medical Exam Life Insurance Policy.

Why do life insurance companies care if I have been diagnosed with Addison’s disease?

The main reason why a life insurance company is going to “care” if an individual has been diagnosed with Addison’s disease is because in some rare cases, when an individual is suffering from too much “stress”, it is possible that a deficiency in cortisol could cause one to suffer from a life threatening disease known as “Addisonian crisis” which is caused by dangerously low blood pressure.

Now is this likely to happen to someone who is properly treating their Addison’s disease? 

No probably not, this is why many of the best life insurance companies  (in our opinion) will be willing to approve an individual who have been diagnosed with Addison’s disease at a Preferred rate.

But… just because it may be possible for you to be able to qualify for a Preferred rate doesn’t mean that most life insurance companies aren’t going to want to make sure that you are properly treating your condition before they will be willing to make that determination.

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 Hypocortisolism?
  • Who diagnosed your Hypocortisolism? A general practitioner or a specialist?
  • What symptoms (if any) did you suffer from that led to your diagnosis?
  • Do you suffer from any symptoms of your disease now?
  • What medications are you currently taking to help treat your condition?
  • Have you been prescribed any other medications?
  • Have you been diagnosed with any other pre-existing medical conditions?
  • Have any of your medications changed in any way within the past 2 years?
  • Have you been hospitalized for any reason within the past 2 years?
  • Have you used any tobacco or nicotine products within the past 2 years?
  • 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, it’s probably a pretty good idea to remind folks that nobody here at IBUSA is a medical professional.

All we are is a bunch of life insurance agents who just happen to be really good at helping folks who have been diagnosed with a pre-existing medical find and qualify for the life insurance that they’re looking for.

Which means that…

If you have any specific medical questions or concerns, you’re definitely going to want to direct those questions and/or concerns to a REAL medical professional and not someone like us here at IBUSA!

That said however, if you have been diagnosed with Addison’s disease and you’re worried that you may not be getting a good deal on your life insurance, well then… you’ve definitely come to the right place!

What rate (or price) can I qualify for with Addison’s Disease?

Now as you can see, there are a lot of factors that can come into play when trying to determine what kind of rates someone who has been diagnosed with Addison’s disease might be able to qualify for.

This is why it’s pretty much impossible to know what kind of “rate” you might be able to qualify for without first having had the opportunity to speak with you for a few minutes.

That said however…

What we can tell you is that if it appears that your Addison’s disease isn’t preventing you from living a “normal” life, and if you’ve never experienced an Addisonian Crisis, then there is a pretty good chance that you might still be considered eligible for a Preferred rate despite your previous diagnosis.

What might…

Prevent you from being able to qualify for such a rate would be the fact that you may simply not be able to qualify for a Preferred rate due to some “other” factor unrelated to your Addison’s disease.

Or it could be because you may be experiencing one of the many symptoms commonly associated with having Addison’s disease that while “it” may not be serious enough to prevent you from being able to qualify for coverage, it could be used as a reason to “knock” you down from a Preferred rate to a Standard or Standard Plus rate.

Symptoms that could…

Cause one to not be able to qualify for a Preferred rate might include:

  • An absence of menstruation,
  • Significant darkening of the skin,
  • Unexplained weight loss,
  • Excessive fatigue,
  • Fainting spells and/or dizziness,
  • etc…

The good news is…

That here at IBUSA, we have plenty of experience helping folks like yourself find and qualify for the life insurance that you’re looking for.

Which brings us to the last topic that we wanted to take a moment and discuss with you 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 is 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.

This way, when it comes time to helping those 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 there be those who have been diagnosed with Addison’s Disease who won’t be able to qualify for at traditional life insurance policy?

Sure, that’s likely to happen.  But that’s why we here at IBUSA work so hard to establish and maintain 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.

So, if you’re ready to see what options might be available to you, just give us a call!

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