Life Insurance with Adrenal Insufficiency

by Jeff Rose on September 28, 2017 · 0 comments

Life Insurance with Adrenal Insufficiency If you have an adrenal insufficiency, either from Addison ’s Disease or from something else, you may still be able to qualify for life insurance.

It really comes down to the severity of your condition and whether you have your adrenal insufficiency under control.

Planning well and putting together a solid application can increase your chances of getting a good policy. To get started, be sure to review our guide to the underwriting guidelines for someone with an adrenal insufficiency.

Life insurance is one of the most important purchases that you’ll ever make for your loved ones. Life insurance is one of the few ways that you can guarantee that your family members have the coverage that they need. Don’t let any pre-existing conditions keep you from getting the perfect life insurance plan for you and your family.

Life Insurance Underwriting

When you apply for life insurance with an adrenal insufficiency, the life insurance agent should ask a number of questions about your condition. You’ll likely need to answer:

  • When were you diagnosed with an adrenal insufficiency?
  • Have you discovered the underlying cause of your adrenal insufficiency?
  • Have you had any episodes of adrenal insufficiency in the past 5 years?
  • Did you ever need to go to the hospital for your condition?
  • Do you have any other health issues?
  • Are you taking any medications for this condition or anything else?

Possible medications for someone with an adrenal insufficiency include: hydrocortisone, fludrocortisone acetate (Florinef), and dexamethasone. These medications could be insurable depending on the severity of your condition.

The life insurance application questions are your best chance to show that you have your adrenal insufficiency under control. Make sure to answer everything clearly because life insurance underwriters will want to know everything about your condition. If you leave out some information, it can lead to your application being rejected.

Life Insurance Quotes with an Adrenal Insufficiency

When you apply for life insurance with an adrenal insufficiency, a life insurance company’s first question will be what is causing your deficiency. This deficiency is often caused by Addison’s Disease, an autoimmune disease that damages the body’s ability to produce cortisone and aldosterone. However, this deficiency can also be caused by several cancers like tuberculosis.

Insurance companies rate an adrenal insufficiency caused by cancer worse than one caused by Addison’s Disease. They’ll also consider how well you’ve been managing your treatment and your overall health.

While each of the top life insurance companies has different rules for this condition, here are the general underwriting standards to help you predict your rating.

  • Preferred Plus: Impossible for someone that has an adrenal insufficiency. This condition has too high a risk of future complications, especially if an applicant mismanages the medications for this condition.
  • Preferred: Also generally impossible for someone with an adrenal insufficiency. Once again, this condition is just too risky for insurance companies to consider giving a price discount, regardless of how healthy you are otherwise.
  • Standard: Most likely best rating for someone whose adrenal insufficiency isn’t caused by cancer. An applicant should have waited at least a year since getting this diagnosis to show the condition is under control. Also, the applicant should not have had to go to the hospital in the past 2 years or had an episode in the past 5 years for this condition and is otherwise is good health.
  • Table Rating (substandard): Most likely rating for someone with an adrenal insufficiency. It’s easier to get a rated policy when your deficiency is caused by Addison’s Disease, but some applicants with a mild form of cancer may also qualify. Insurers will consider whether you had to go to the hospital, how many episodes you’ve had from this condition, and your overall health to determine your rating.
  • Declines: Applicants that apply within one year of their adrenal insufficiency diagnosis will likely be denied. Insurers want to see more time to make sure the applicant has this condition under control. Also, applicants with a more severe form of cancer or a metastatic cancer will also be denied.

Adrenal Insufficiency Insurance Case Studies

Qualifying for life insurance with an adrenal insufficiency isn’t easy, but you can increase your chances with a good application. Here are a couple real life case studies that drive this point home.

Case Study: Female, 47 y/o, diagnosed with an adrenal insufficiency at age 45 from Addison’s Disease, tried applying for life insurance soon after and was rejected

When this applicant found out she had an adrenal insufficiency from Addison’s Disease, it scared her into applying for life insurance immediately after the diagnosis. Since she hadn’t waited at least a year, her application was denied. This made her think she was uninsurable.

We knew this wasn’t true because she was otherwise in good health and had her condition well under control. Now that she had waited the appropriate amount of time, we recommended she try again. We also put her in contact with an insurance company that regularly deals with applicants that have this condition. By trying again under these circumstances, this client received a standard rating.

Case Study #2: Male, 58 y/o, diagnosed with an adrenal insufficiency at 53 from Addison’s Disease, initially didn’t regularly take medications and was hospitalized at 55, doing a better job now

When this applicant was first diagnosed with an adrenal insufficiency, he didn’t take the condition seriously enough. As a result, he suffered a pretty severe episode from his condition and had to go to the hospital. Since then, the client was a model patient and always took his hydro-cortisone on schedule.

While this improved his health, it didn’t seem to help his life insurance rating. When he applied, he only received very poor ratings. We thought insurance companies were too worried about his risk of more problems due to his one hospitalization. We recommended this client see his doctor and ask for a note vouching for his good medication habits. With this new information, the client was able to receive a Substandard Level 1 policy through Banner Life, the best rating below Standard.

If you want to buy life insurance with an adrenal insufficiency, it helps to work with a professional. Our company specializes in finding insurance for people with this disease. We can guide you through your application, track down the best companies for your needs, and make sure you do everything possible to increase your chances of getting insured.

How Much Coverage Do You Need?

Aside from getting life insurance, it’s vital that you purchase enough coverage for your family. Not having life insurance is one of the worst mistakes that you could ever make for your family. There are several key categories that you will need to consider to ensure that you’ve got enough coverage.

The first number that you should crunch is your debts or other final debts. The primary goal of your life insurance coverage is to give your family the money that they need to pay off all of your bills and final expenses.

The next number that you’ll need to look at is your salary. The second purpose of your life insurance is to give your family the money that they need to replace your source of income. If you’re one of the primary income earners, then your family would suffer financially if you were to pass away, but that’s where your life insurance comes in.

These are only two of the main categories that you will need to calculate to guarantee that you have the coverage that your family will need. If you need any help determining how much coverage that you should buy, you can contact one of our agents and we can walk you through the process.

For more information and free rate quotes, call or fill out or online application form on the side of this page today. Every insurance company is different, and finding the perfect company is the difference in getting an affordable policy or getting a plan that’s going to break your bank every month.

If you have any questions about getting life insurance with adrenal insufficiency, please contact one of our agents today. We would be happy to answer those questions and ensure that you’re getting the best plan possible.

You never know what life is going to throw at you tomorrow, which means that you shouldn’t wait any longer to get the insurance coverage that your family deserves. We know that nobody wants to think about his or her own death, but it’s important that you plan for the inevitable.

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