Cushing’s Syndrome is a fairly uncommon medical condition. However, despite the fact that it only affects 3 in a million new people per year, it is a condition that most life insurance companies consider to be relevant.
Fortunately, even if you have Cushing’s Syndrome, there are likely many life insurance policies that are well within your reach. Having any sort of long-term medical condition may make the insurance application process a bit more difficult, but this does not mean you do not have any reasonable options.
Begin by meeting with a doctor
Cushing’s Syndrome is something that can often be effectively treated, though there is still a significant amount of research that needs to be done. Before you develop a long-term financial plan, it is important to meet with a doctor to understand the specific state of your condition. Getting a proper diagnosis from a licensed professional is absolutely essential.
Cushing’s Syndrome is a condition that is characterized by numerous different signs and symptoms:
• Obesity that is restricted strictly to the abdomen
• Prolonged exposure to cortisol
• Acne and other skin conditions
• Weakness in the muscles and bones
• Swelling of the face, neck, and shoulders
• High blood pressure
As you might assume, many of these symptoms are commonly associated with other medical conditions as well. This is why meeting with a doctor is so fundamentally important. Once you understand the state of your condition, you can develop a long-term treatment plan and also develop an appropriate financial strategy.
Not all life insurance companies are the same
Life insurance companies typically price their policies based on the statistically expected lifespan of the individuals applying for them. Though Cushing’s Syndrome is not considered fatal by any means, having this condition will often make you a ‘higher risk’ individual in the eyes of a life insurance provider.
It is important to note that not all companies (or even all life policies) are the same. While Cushing’s Syndrome might increase the cost of a policy from one company, it might be completely ignored by another.
When comparing different policies, there are a few things you should consider:
• What are your current life insurance needs?
• How long have you had Cushing’s Syndrome? How severe are the symptoms?
• Do you have any other relevant or related conditions?
Another important thing to recognize is that many insurance companies may allow you to retroactively reduce your monthly premiums. What this means is that with a successful treatment, any increase in premiums due to Cushing’s Syndrome can potentially be removed.
Consider applying for guaranteed issue life
Another option for people with Cushing’s Syndrome-especially those who are older-is a guaranteed life insurance policy. With a guaranteed policy, you do not have to undergo a medical exam. Consequently, this means that the presence of your condition may be made entirely irrelevant.
One drawback of guaranteed policies is that they usually only provide you with a limited amount of coverage. However, even keeping this in mind, these policies may be able to effectively meet your needs. If you are willing to do your research, compare different options, and follow your doctor’s instructions, navigating the world of life insurance as a person who has Cushing’s Syndrome may be more possible than you might think.