Have you been told that you don’t qualify for life insurance because you have Addison’s disease? Or have you been approved for life insurance with Addison’s disease, but the rate that you received was just too much for you to handle?
Well if so, you’ll definitely want to keep reading!
Getting Life Insurance with Addison’s Disease.
By now you may have discovered that qualifying for life insurance with Addison’s disease can be a difficult process. This is mainly because of the uncertainty that can be found within those who are suffering from Addison’s disease.
Unlike many other conditions that may affect whether or not someone can qualify for life insurance, the diagnosis of Addison’s disease doesn’t really define any “one” thing or condition, which makes it difficult for an insurance company to decide what to do!
Addison’s disease is caused by an autoimmune response that occurs when the body’s own immune system attacks the adrenal glands. This attack is generally localized to the outer portion of the adrenal glands, where both cortisol and aldosterone are made.
As a result, patients with Addision’s disease can suffer an increased risk of:
- Cardiovascular disease.
- Metasizing cancers to the adrenal glands.
- Amyloidosis (abnormal buildup of certain proteins in the organs).
- In addition to general damage done to their adrenal glands.
What Makes Insurance Companies Nervous is…
Individuals who have been diagnosed with Addison’s disease statistically run a higher risk for cardiovascular disease, as well as complications resulting from electrolyte and metabolic problems which could lead to conditions as severe as comas.
So Can I Get Life Insurance with Addison’s Disease or not?
Short answer… Yes, you can get life insurance after you have been diagnosed with Addison’s disease.
The trick to getting life insurance after having been diagnosed with Addison’s disease is knowing where to look.
Applicants who are applying for life insurance with a medical history of Addision’s disease are typically best served avoiding some of the larger national insurance brokers who are generally unwilling to write what they consider to be “High Risk Life Insurance” simply because they generally don’t “fit” into their business model.
Life Insurance with Addison’s Disease will be Considered “High Risk”.
Like it or not, applying for life insurance after being diagnosed with Addison’s disease is going to make the process of getting approved more difficult. This is why you will definitely want to work with an agency that is familiar with placing “high risk policies” and will not automatically assume that you are not eligible for traditional term or whole life insurance due to their own strict internal guidelines.
So Which Insurance Company Should I Apply with?
That really depends upon your specific situation, and without asking a few targeted questions, it’s really impossible to tell.
What remains certain is that those with Addison’s disease could have a more difficult time qualifying for life insurance, and as a result, they really need to do their research before applying with just any life insurance company—you need an Addison’s disease friendly life insurance company!
For this reason, there are a few general things you should look out for when it comes time to choose which agency you want working for you!
Options, Options, Options…
As a potential “high risk” applicant, you’re going to want to pick an agency that can has the ability to write policies with dozens of different insurance carriers, not just the 4 or 5 that everyone seems to use. Your case is a special one so you don’t get “pigeon holed” into any “one size fits all system”! TermLife2Go works with dozens of the best life insurance companies, not simply 4 or 5. That includes the top no medical exam companies and final expense whole life insurance companies.
Beware of the call center!
As someone who is applying for life insurance with Addison’s disease, you need to be aware that your insurance application is most likely going to be considered a “high risk” application by most insurance underwriters. Because of this, it is very likely that your application is going to require a significantly more amount to time and energy to get your application approved.
So Ask Yourself: “Will my application get the attention it needs if it’s being handled by someone working in a call center?”
Call center life insurance agents will generally need to write about 4 or 5 new policies each and every day in order “hit” their required monthly numbers. Which means that, at the end of the month, your application will simply be 1 of a 100 that is currently “in process”. Does that sound like what want? Instead, consider a company that focuses on quality and not quantity.
Don’t just apply and take a medical exam.
This point can’t be stressed enough, as someone who is applying for life insurance with Addison’s disease, it OK to “Take your time!” So don’t just apply right away, let your insurance professional do some research for you first!
Your agent should be able to send out multiple “pre-qual letters” to several different insurance carriers prior to submitting an application to them to see if they will consider you an “acceptable” risk.
If done properly, provided there are no additional “surprises” during your medical exam, you should be able to feel pretty confident about being approved even before you’ve applied!
We understand all the work that goes into getting someone with Addison’s Disease the best possible rates on their life insurance. So what do you have to lose?
Our promise to you is that unless we are reasonably sure that we can help, we’re not going to waste your time! Our goal at TermLife2Go is to get you and your family the best life insurance rates available for you, not just quote you something you’ll never be able to qualify for!
Additionally, we’ve also created a Term Life Insurance Quotes page that you might be interested in that will allow you to compare rates from life insurance companies that will require a medical exam in order to be approved vs those that won’t!
So what are you waiting for? Check it out, you might be surprised by what you discover!
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