The Truths About Life Insurance with Thyroid Disorders

Thyroid is an important hormone-producing tissue located below the Adam’s apple. It helps the body to regulate how fast you burn energy and how fast you use calcium. And anytime the butterfly-shaped gland in the neck is not working properly, it is believed that you have thyroid disorders. Whether you have thyroid nodules, hypothyroidism, hyperthyroidism, goiter, thyroiditis, or thyroid cancer, we are here to tell you the truths about life insurance with thyroid disorders.

  • Most life insurance companies will provide coverage if you have under-active thyroid and if your TSH levels are under control, within the normal range.
  • By and large, how much premium you will pay depends on the severity of your thyroid disorders.
  • It can about 5-6 months before life insurance companies can approve your application. They do this to be sure of your health condition.
  • Each life insurance company has different quotes for clients with thyroid disorders. So, expect to get different rates from different companies.
  • You are expected to undergo a medical exam, but you can opt for a no-exam plan which is more expensive and the application process is faster.
  • You can only buy a coverage worth $500, 000 if you prefer the no-exam policy option.
  • Questions your underwriter will ask you during the medical exam include the date you were diagnosed of thyroid disorders, the medication you are currently using, your TSH levels, whether you smoke or drink alcohol, and the symptoms you are experiencing.
  • If you have thyroid disorders, you would be better off hiring an independent life insurance agent to do the running around for you.