Grave’s disease is one of those pre-existing medical conditions which because the condition itself generally doesn’t generally have any long-term adverse effects, can often be overlooked or underestimated during the application process.
But one thing that you can count on is…
That the insurance companies and underwriters alike aren’t going to “overlook” the fact that you’ve been diagnosed with Grave’s disease or that you’ve suffered from a goiter in the past. Now the main reason that they’re not going to “overlook” these conditions is because if left untreated, suffering from Grave’s disease can often lead to some serious medical complications or even death!
Grave’s disease defined:
Grave’s disease is an immune system disorder that is the result of overproduction of thyroid hormones causing one to develop hyperthyroidism. Now it’s important to understand that Grave’s disease is just one of many potential causes for someone to develop hyperthyroidism.
Common symptoms associated with Grave’s disease may include:
- Increased anxiety and or mood swings.
- Hand tremors.
- Hot flashes.
- Unexplained weight loss.
- Development of a goiter.
- Menstrual cycle irregularities.
- Erectile dysfunction or a reduced interest in sexual contact.
- Frequent bowl movements.
- Graves’ ophthalmopathy.
- Graves’ dermopathy.
Now while it is know that Grave’s disease is caused by a malfunction in the body’s immune system, what causes this malfunction still remains a mystery.
The good news is that…
Once diagnosed, Grave’s disease can generally be easily managed by either prescribing medications which will help control the over productive thyroid gland or your doctor my simply chose to remove the thyroid gland all together. Either way, Grave’s disease is a condition which doesn’t necessarily have to be a major medical concern or something that will significantly affect your chances at qualifying for a traditional term or whole life insurance policy.
The problem is…
If your Grave’s disease is not currently under control or your Grave’s disease has been linked to some other type of pre-existing cardiac condition, you may find it particularly difficult to qualify for a traditional term or whole life insurance policy. Additionally, in very rare cases, those suffering from Grave’s disease can develop a condition called a “thyroid storm” which causes one to develop some significant heart issues as well as weak, brittle bones and can become life threatening!
But let’s not freak out!
For the vast majority of individuals that we encounter that have been diagnosed with Grave’s disease, the process usually goes like this…
- When were you first diagnosed with Grave’s disease?
- How long have you been treating your Grave’s disease?
- Are you taking any prescription medications to treat your Grave’s disease?
- Have you had your thyroid gland removed or have any scheduled surgeries planned to have your thyroid gland removed?
From here, we’ll generally have a pretty good idea about how “serious” your Grave’s disease is.
And the truth is…
Most individuals who encounter a problem qualifying for a life insurance policy due to their Grave’s disease is usually caused by the fact that at the time of applying for coverage, the individual was not aware that they actually “had” Grave’s disease.
Which means that…
Assuming that you’re aware that you have Grave’s disease, and you currently have your condition under control, in theory, you should be eligible for a Preferred rate when you apply for coverage assuming that you would otherwise be able to qualify for a preferred rate. You may even be able to qualify for a no medical exam life insurance policy as well!
That being said however…
If you’ve been diagnosed with Grave’s disease, and you haven’t had your thyroid gland removed and you’re still experiencing many of the symptoms associated with Grave’s disease, chances are you’re not going to be eligible for a Preferred rate.
But this does not mean that you won’t be able to qualify for coverage, it simply means that you’ll now most likely only be able to qualify for a Standard or Table Rate.
But don’t fret…
You see here at TermLife2Go, we specialize in working with clients who may have a pre-existing medical condition that could affect the outcome of their life insurance application. This is why we’ve chosen to remain an independent life insurance brokerage that is able to work with dozens of different life insurance companies.
Sometimes, when a client has a particular pre-existing medical condition, it becomes necessary to “shop” several different life insurance companies simultaneously prior to actually “submitting” there life insurance policy to any one company. Without doing so, it becomes impossible to know “which” insurance company might place too much emphasis on an individual’s past medical history and not enough focus on their current health status!
So, what are you waiting for? Give us a call today or visit our Online Life Insurance Quotes page and see what we can do for you!
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