Life Insurance with Thyroid Disease

life insurance with thyroid disease
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    Securing life insurance with thyroid disease is possible. This is a condition that most people have under control – whether you have an under active or over active thyroid. There are many health conditions and preexisting conditions that life insurance companies will rate you up or even decline you for. When it comes to thyroid disease, some life insurance companies will rate you up – which will raise your premiums.  The key is to compare life insurance companies and find the ones that won’t penalize you. In this post we’ll explain how that works.

    Life Insurance with Thyroid Disease

    Finding the right life insurance company can ultimately save you thousands on your premiums over the life of your policy. Each life insurance company has their own underwriting criteria when you apply with them.  So it’s really important to find and apply with the life insurance company that is most friendly to thyroid disease clients.

    Thyroid Disease Life Insurance – The easy way.

    When deciding to apply for life insurance with thyroid disease – you need to provide your agent with some basic information so they are able to research the best companies available to you. Your situation will be unique whether you have hypothyroidism or hyperthyroidism. Your agent will be needing some details about your health in order to get your health class rating. One that is determine, your agent can provide you all of the companies and rates.

    Securing Life Insurance with Thyroid Disease

    If you have a thyroid condition it is very likely you will qualify for life insurance.


    As stated before, Hypothyroidism is underwritten with a more favorable outcome by the life insurance companies.  These life insurance companies will want to know a few specific details about your condition.

    • When were you diagnosed?
    • Do you take medications?
    • Is your hypothyroidism under control?


    For those with hyperthyroidism, the life insurance companies will want to know the following answers.

    • When was the diagnosis date of your hyperthyroidism? 
    • Have you been prescribed and taking any medications?
    • Have your medications helped your hyperthyroidism?
    • Do you visit your doctor frequently and when?

    These life insurance companies are wanting to see that your thyroid disease is under control. They want to see that you are managing your condition and following your doctor’s recommendations.


    Life Insurance with a Medical Condition

    Here are 7 steps you should follow if you're wanting to get approved for coverage.
    Total Time Needed: 30 minutes

    Required Tools:

    - Computer.
    - Phone.

    Things Needed?

    - Independent licensed agent

    Steps to get approved with the best life insurance companies

    Step 1: Work with an independent agent
    With Acid Reflux, make sure to use an independent life insurance agent that has access to multiple companies.
    Step 2: Communication
    Your agent will listen about your Acid Reflux as well as your goals for coverage. They will also ask you the questions that a life insurance company underwriters will want to know about your GERD.
    Step 3: Shopping the competition
    Your agent is like your personal shopper. They will find the best life insurance company that will approve you and give you the best deal for GERD.
    Step 4: Choose your company and policy
    Once the bests companies have been found, you can choose the policy that meets your specific needs, goals and budget.
    Step 5: Apply
    Your agent will help you apply quickly and easily online or over the phone. Most companies provide e-signatures and e-delivery so you can submit your application as quickly as possible.
    Step 6: Underwriting
    After submitting the application you will begin the underwriting process. Once that has been completed you will know if you’ve been approved.
    Step 6: Purchase your policy
    Once your application is approved you may purchase your life insurance policy and put it in force.

    Thyroid Disease Health Class Ratings

    Did you know that there are approximately 16 health class ratings when life insurance companies rate you? You agent should be asking you questions about your health in order to give you an idea of what you should qualify for. Your final rating will ultimately come after you apply and go through official underwriting.  Once that is completed, you will receive your official health class rating. Your premium costs will be determined by your class rating.

    Preferred Rates

    If you have other health issues besides your thyroid condition, your health class rating will be higher. This will directly effect your premiums. If you have hypothyroidism and you follow your doctor’s plan of care and you’re stable – you can qualify for a preferred plus rating (also known as super preferred). This is based on that there are no other health issues or other risk factors.

    Standard Rates

    A standard health class rating is very common for those with hyperthyroidism.  This rating is for those who see their endocrinologist regularly and have their condition under control. There are options if you have a severe case of hyperthyroidism and can’t qualify for traditional term life or whole life insurance. Final expense life insurance is an option when traditional policies aren’t available.

    Your Life Insurance Options

    Depending on how much life insurance you’re targeting – you may have the option of a fully underwritten or a non medical exam life insurance policy. Preferred Best ratings are available if you opt for a fully underwritten life insurance policy with a medical exam. Just as long as you can qualify for them.  

    Preferred rates are the best available. Remember that qualifying is key. If you can qualify for Preferred Plus with a fully underwritten policy, it will be cheaper than a Non Medical policy – but the difference isn’t much!

    Fully Underwritten Life Insurance

    A medical exam will be provided when you opt for a fully underwritten life insurance policy. This is a very simple appointment that is similar to an annual physical.  An examiner will meet you at a date and location of your choosing. They will have you provide a urine and blood sample, take your height & weight, as well as your blood pressure.  This will be sent to the life insurance company for them to analyze during underwriting. The company will also order current and past medical records and your medication history. Once all of this is analyzed, the life insurance underwriter will provide you your health class rating.

    Non Medical Life Insurance

    Term life insurance with no medical exam required is a much more convenient process.  You need to know that each life insurance company’s underwriting process is different.  Some companies are much quicker with their approvals than others. You also need to know that each company’s criteria is also different. Non Medical does not mean No Underwriting. That is a different policy all together and those policies are called Guaranteed Issue policies.

    Life Insurance Companies

    Like what was previously stated, every company looks at your situation differently.  Some companies are more strict and some are more lenient. Finding the companies that will offer you a policy at the best rates takes a thorough agent. If you speak to an agent that quotes you without asking you specific health questions – You’re wasting your time.

    Make sure you are working with an independent life insurance agent who works with multiple companies. That way you aren’t stuck with only 1 or a few options. At, we have access to over 60 top rated life insurance companies. This allows us to shop for our clients and provide them with every option and company possible.

    The Life Insurance Blog Difference

    When you work with Life Insurance Blog, you’re getting access to the best life insurance companies in the country. Our simple and easy life insurance application covers you for every company. You’ll submit one application and complete one medical exam – and you’re covered for all of our companies.  What that means is this: If you were to receive an unfavorable outcome to the first company you apply with – we simply pivot to the next best company for you. You don’t have to apply again or take another medical exam like you would if you shopped direct. We shop for you before and after you get your approval to make sure you’re getting the best life insurance policy that you can qualify for.

    Thank you for reading our post, Life Insurance with Thyroid Disease. Please leave a comment or question below.

    Thyroid Disease – The Basics

    Hypothyroidism – This thyroid disorder will typically not receive any sort of penalty as long as it is under control.  You should qualify for the best rates available just like any other healthy person. Unless you have other health conditions, you should not have any difficulty securing life insurance coverage with hypothyroidism.

    Hyperthyroidism– As long as your condition is managed well, you can still qualify for the best possible rates. However, if your condition isn’t under control – standard or substandard rates are likely. Getting declined for life insurance is not likely unless you have other health conditions that are significant.

    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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