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Life Insurance with Thyroid Disorders

| August 16, 2023

       Thyroid disorders, such as hyperthyroidism and hypothyroidism, can significantly impact an individual’s life. For the many living with either of these conditions, attaining life insurance coverage can be a concern, as they may face unique obstacles in the application underwriting process and premium rates. Don’t fret, it’s crucial to understand that obtaining life insurance with a well-managed thyroid disorder is possible, and individuals can find a suitable policy that provides the financial protection they want to provide for those most important to them.

What are the conditions of thyroid disorder?

       Hyperthyroidism and hypothyroidism are conditions that affect the thyroid gland, a butterfly-shaped gland located in the front of the neck. The thyroid gland produces hormones, mainly thyroxine (T4) and triiodothyronine (T3), which regulate metabolism, growth, and development in the body. These conditions occur when there is an imbalance in the production of these hormones.

       Hyperthyroidism, also known as overactive thyroid, is a condition where the thyroid gland produces excessive amounts of thyroid hormones. This leads to an increased metabolic rate; the most common symptom is weight loss.

       Hypothyroidism, also known as underactive thyroid, occurs when the thyroid gland does not produce enough thyroid hormones. This leads to a reduced metabolic rate, and the most common symptom is weight gain.

       Yes, people with thyroid disorders can generally obtain life insurance. However, their overall health status may affect the approval process and the premiums they pay. Of course, the insurance company underwriter will look at their whole risk profile, which consists of health, age, body build, lifestyle habits, medications taken and more. During the underwriting process, the insurance company will evaluate the applicant’s type and severity of their thyroid disorder, the effectiveness of their treatment plan, and any related complications. Well-managed thyroid conditions, especially those with no significant complications, are more likely to receive favorable consideration for life insurance policies. If left unmanaged there’s a strong chance you’ll get an unfavorable response from the insurance underwriter, maybe even a decline in coverage being offered.