You may also want to read our articles covering Who offers the best life insurance? and What companies offer no medical exam term life insurance?
If you’re reading this article now, chances are you’ve already encountered some difficulty qualifying for a traditional term or whole life insurance insurance policy due to your prescription for Acetaminophen, Endocet or Oxycodone (Oxycotin) or, you might be a bit nervous about how a life insurance company is going to “view” your application since you are using Acetaminophen to manage your existing pain.
The good news is that you’ve come to the right place, we here at TermLife2Go have the experience and expertise to help guide you through the process of getting life insurance while taking Acetaminophen, Endocet or Oxycodone. Additionally, since we work with dozens of highly rated life insurance companies, we should be able to find coverage for you at a great price!
Main Factor in Finding Life Insurance Coverage for Someone taking Acetaminophen.
The main factor that’s going to come into play with regards to getting you insured for a term life insurance policy will not be the use of the Acetaminophen, Endocet or Oxycodone per say, rather it will be the underlying cause that required you being prescribed Acetaminophen.
Why did you receive a prescription for Acetaminophen?
Acetaminophen is a part of a large group of drugs called narcotic pain relievers that are typically used to relieve moderate to server pain.
So since Acetaminophen is considered a “narcotic” pain reliever, life insurance companies and more specifically life insurance underwriters are going to focus a lot of their time and energy on understanding the root cause and the long term diagnosis of your condition.
The main area of concern to will be on the risk of abuse of any “narcotic” pain relievers and the associated risks that, that entails.
Which is why the insurance carriers are going to focus on questions like:
- Why have you been prescribed your pain med?
- Is this the only pain medication you’re currently taking?
- Is you condition a temporary issue or a chronic one?
- How long have you been taking Acetaminophen?
- Has the dosage remained stable?
- When do you anticipate being taking off of your pain med?
- Or will you need to continue to use it?
- Are you currently working?
- Are you receiving disability benefits?
- Do you have any history of drugs or alcohol abuse?
- Do you have an DUI’s on your driving record?
Questions like these and many others will help the insurance underwriter begin to get an idea about your overall condition and help them determine what type of “risk” you should be considered.
What we’ll want to try to do here at TermLife2Go with your application is:
“try to paint an accurate picture of your health”.
Meaning that if you’re healthy and should be considered a good “risk” for the insurance company, we’ll want to make that clear in the application process.
Conversely, if you’re not necessarily a good risk for a traditional term or whole life insurance policy, meaning that its very unlikely that you’ll be approved, it will then be our job to either recommend an alternative insurance product or, sample test your application with several carriers prior to making you go through a medical exam (saving you the time and aggravation of being denied)
Don’t be, we here at TermLife2Go we specialize on cases that many other insurance brokerages might consider “higher’ risk. Fact is, your Acetaminophen could be used to just treat a minor injury and have little to no effect on your overall application. We just won’t know until we examine your individual case.
So what are you waiting for, give us a call today so that we can not only learn about your Acetaminophen use, but also learn about what you’re hoping to achieve by purchasing your life insurance. Are you looking to:
- Protect a spouse and children.
- Cover the cost of a mortgage.
- Cover lost wages.
- Or just cover the cost of a burial.
You see, we here at TermLife2Go want to not only help you get approved for life insurance, we also want to help you get approved for the right type of life insurance.
So what are you waiting for? Just give us a call and see just what we can do for you!
You may also be interested in taking a look at our Life Insurance Quotes page where you can compare life insurance quote from companies that will require a medical exam vs companies that won’t require a medical exam side by side!
Because we’ve been doing this awhile here at TermLife2Go, we know that a lot of times when you suffer from a condition that requires you to take Acetaminophen, Oxycodone (Oxycotin) or Endocet, you may not be able to work a full time position and may not have a ton of discretionary income, especially if you’re currently receiving SSI disability.
This is why…
We’ve chosen also to write an article The Best Money Making Apps to help those who may not be able to actually go to work every day find ways that they can make money from home, on their own time.
Now will you end up using this money to help finance a life insurance policy?
Who knows, but our ultimate goal here at TermLife2Go is to help improve the financial security of our clients so it is our hope that this article and our Best Money Making Apps article helps you do this.
And since we still have your attention…
It’s fair to say that most people who decide to purchase a life insurance policy do so that they can protect their loved one’s financial future in the event of their death.
But what happens if you get sick but don’t die?
Is your family’s financial future still protected? Probably not. Which is why we would encourage you to also take a look at the following articles which will discuss some other “types” of life insurance policies that can not only protect your family’s financial future, they could also significantly help our your own as well.