Global Courant
Cushing’s syndrome is a fairly uncommon medical condition. Despite affecting only 3 in 1 million new people each year, it is a condition considered relevant by most life insurance companies.
Fortunately, even if you have Cushing’s syndrome, there are probably many life insurance policies that are well within your reach. Having a long-term medical condition can make the insurance application process a bit more difficult, but it doesn’t mean you don’t have reasonable options.
Start by meeting with a doctor
Cushing’s syndrome is something that can often be treated effectively, although much research remains to be done. Before developing a long-term financial plan, it’s important to meet with a doctor to understand the specifics of your condition. Getting a proper diagnosis from a licensed professional is absolutely essential.
Cushing’s syndrome is a condition characterized by numerous different signs and symptoms:
• Obesity strictly limited 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 bloodpressure
As you might assume, many of these symptoms are often associated with other medical conditions as well. That’s 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 develop an appropriate financial strategy as well.
Not all life insurance companies are the same
Life insurance companies typically price their policies based on the statistically expected longevity of the individuals they apply for. While Cushing’s syndrome is not considered deadly in any way, having this condition often makes you a “higher risk” person in the eyes of a life insurer.
It’s important to note that not all companies (or even all life policies) are created equal. While Cushing’s syndrome may increase the cost of a policy from one company, it may be completely ignored by another.
When comparing different policies, there are a number of things to keep in mind:
• What are your current life insurance needs?
• How long have you had Cushing’s syndrome? How severe are the symptoms?
• Do you have other relevant or related conditions?
Another important thing to know is that many insurance companies allow you to retroactively reduce your monthly premiums. What this means is that with successful treatment, any increase in premiums due to Cushing’s syndrome can potentially be reversed.
Consider applying for a guaranteed longevity of the issue
Another option for people with Cushing’s syndrome, especially those who are older, is guaranteed life insurance. With a guaranteed policy you do not have to undergo a medical examination. So this means that the presence of your condition can be made completely irrelevant.
A disadvantage of guaranteed policies is that they usually only provide you with limited coverage. However, even keeping this in mind, this policy may be able to meet your needs effectively. If you’re willing to do your research, compare different options, and follow your doctor’s instructions, navigating the world of life insurance as a person with Cushing’s syndrome may be more possible than you may think.
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