Can You Buy Life Insurance with Cushing’s Syndrome?

by Jeff Rose on November 6, 2017 · 0 comments

in High Risk Insurance

Life Insurance with Cushing’s Syndrome Cushing’s syndrome is a medical condition that can lead to obesity, weak bones, hypertension, diabetes, and other serious problems. As a result, life insurance companies are stricter with applicants who have this condition.

If you have Cushing’s syndrome, you still might be able to qualify for coverage though. It really depends on a few different factors. To learn more about the underwriting process for this condition, be sure to keep reading this guide.

Life Insurance Underwriting for Cushing’s Syndrome

When you apply for life insurance with Cushing’s syndrome, you’ll need to answer several questions about your condition. Be prepared to answer:

  • When were you diagnosed with Cushing’s syndrome?
  • What evaluations have you had of your condition (MRI, urine test, and/or blood test)?
  • What were the results?
  • Have you ever been hospitalized because of your condition?
  • Are you taking steroids for another medical condition?
  • Do you have any other health problems and do you smoke?
  • Are you currently taking any medications?

Possible medications for someone with an adrenal insufficiency include: Nizoral, Lysodren, Metopirone, and Korlym. These medications could be insurable depending on the severity of your condition.

It’s important to answer all these questions honestly and with as much detail as possible. Underwriters get nervous when they see an incomplete insurance application, especially when someone has a condition like Cushing’s syndrome. A complete application gives you the best chance of qualifying for coverage.

Life Insurance Quotes with Cushing’s Syndrome

When you apply for life insurance with Cushing’s syndrome, insurance underwriters will first consider the cause of your condition. Your chances are better if your Cushing’s syndrome was caused by a benign pituitary disorder or steroid usage than from cancer.

If your Cushing’s syndrome cleared up after treatment, your rating also improves the longer you wait after your treatment. Finally, insurers will consider your overall health to make a decision. While each company uses slightly different standards, here are some rating guidelines to help you predict your insurability.

Preferred Plus: Usually impossible for someone who has or had Cushing’s syndrome.

Preferred: Also usually impossible for someone who has or had Cushing’s syndrome. The chances of this condition leading to something more serious are too high for insurers to consider giving a discounted policy.

Standard: Most likely the best possible rating for someone who had Cushing’s syndrome from a pituitary disorder, but the condition was resolved after treatment. The applicant would need to wait at least five years since the condition was resolved plus be in very good health otherwise to qualify for this rating.

Table Rating (substandard): The most common rating for someone who has or had Cushing’s syndrome from a pituitary condition or steroid treatment. An applicant’s rating would depend on whether their condition was treated, the severity of their condition, and their overall health.

Declines: Applicants with Cushing’s syndrome from cancer will usually be denied coverage. This combination is just too serious for life insurance. Applicants who apply within one year of treatment are also usually denied and told to reapply later. Finally, applicants with Cushing’s syndrome and other serious health problems are also usually denied.  If you do not fall into any of these categories and were still denies a no medical exam policy might be the best option or we can help you shop around for a more favorable carrier.

Cushing’s Syndrome Insurance Case Studies

Your life insurance application makes a difference, especially when you have a condition like Cushing’s syndrome. Here are a couple real life examples that prove this point.

Case Study: Female, 49 y/o, diagnosed with Cushing’s syndrome at 42 due to a pituitary condition, recovered after surgery at 43

This applicant was diagnosed with Cushing’s syndrome at 42 because of a benign pituitary condition. Fortunately, after surgery her condition went away with no complications. At this point she tried applying for life insurance and was denied. She thought this was because she was uninsurable but after reading our website years later, she realized that wasn’t true.

We also put her in touch with a company that regularly deals with this condition which helps with ratings. By trying again this time, she was able to qualify for a Standard rating.

Case Study #2: Male, 57 y/o, diagnosed with Cushing’s syndrome due to steroid use, used to be overweight and smoked

Before being diagnosed with Cushing’s syndrome, this applicant was not taking very good care of himself. He smoked, was overweight, and had high blood pressure. He developed Cushing’s syndrome after taking steroids to treat another medical issue. At this point, he realized he needed to turn things around. He quit smoking, lost weight, and started leading a much healthier life.

However, when he tried applying for life insurance, he couldn’t qualify. We thought that insurers were too worried about his past history. We recommended he see his doctor and a get a note vouching for his better health plus noting how it was helping with his condition. By reapplying with this new information, the client qualified for a rated policy.

Getting Cheap Life Insurance with Cushing’s Syndrome

Regardless of your health or any pre-existing conditions that you have, it’s possible to get affordable life insurance protection for your family. Life insurance is one of the best investments that you could ever make for your loved ones, and your health shouldn’t keep you from getting the protection that your family deserves. There are a few changes that you can make that will save you hundreds, or even thousands of dollars on your life insurance plan.
The first thing that you should do is cut out any tobacco that you currently use. As we mentioned in the example above, being a smoker is going to hurt your chances of getting approved for life insurance and it’s going to cause your rates to go up. Coupled with the Cushing’s syndrome, being a smoker could cause your premiums to go through the roof. In fact, anyone that uses tobacco is going to be facing rates that are at least twice as much. With some companies, smokers are going to pay three times more for their life insurance compared to what a non-smoker would pay for the same sized plan.

Another way to save money is to improve your overall health. Before the insurance company approves your application, they are going to require that you take a medical exam. The results of that exam are going to play a major role in how much you pay every month. Getting better results is going to translate into more money in your pockets every month. The two best ways that you can do that are to start getting regular exercise and stick to a healthy diet. Both of these are going to help you lose weight, lower your blood pressure, lower your cholesterol, and reduce your risks of being diagnosed with any other health complications.

Qualifying for life insurance with Cushing’s syndrome isn’t always easy, but it is possible. We can help. We can guide you through your application plus find the best companies for your needs. If you can’t qualify for regular life insurance, we can match you up with a guaranteed issue policy that doesn’t require a medical exam.

These guaranteed issue plans are an excellent option for a lot of applicants, but they are a unique type of coverage that doesn’t work well for everyone. It’s important that you understand all of the pros and cons of each type of plan before you decide which is best with you.

There are a few serious drawbacks to these guaranteed issue plans that you should take note of before you purchase one of these plans. The most notable is that you’re going to be limited on how much life insurance that you can buy. Most guaranteed issue plans will only offer around $25,000 worth of coverage. For the vast majority of families, that won’t be nearly enough insurance protection. Not having enough life insurance is the worst mistakes that you could ever make.

Another drawback of these plans is that they are going to be more expensive. You’ll pay more for every coverage dollar than you would for a traditional plan. The purpose of the medical exam and the health questions is to give the insurance company an idea of how much risk that you are. Without that info, all of the risk is going to the insurance company.

These plans should only be considered as a last resort option for life insurance protection. Even if you’ve been declined for life insurance in the past, it’s still possible to get affordable insurance protection. Every company is different, and all of them are going to view a Cushing’s syndrome diagnosis differently. Finding the perfect company is the difference in getting affordable policy or getting rejected for coverage. That’s where we come in. We can find the best company to give you life insurance protection.

For more information and free rate quotes, call or fill out our Compare Quotes form today.

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