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Typically, whenever we learn about someone’s Benzaclin prescription it usually because it was mentioned along with some other type of prescription medication that may or may not have an effect on a life insurance application.
Benzaclin will often times be overlooked by clients and insurance agents alike simply because, you’re really not going to see Benzaclin play a role in the decision making process.
Benzaclin is a topical gel that contains a combination of benzoyl peroxide and clindamycin. Benzaclin is typically prescribed to help treat acne, but may also be used to prevent certain acne-causing bacteria to grow as well as reduce oil production in the skin.
So if Benzaclin isn’t going to affect my life insurance application, what are some “things” that could?
Since Benzaclin isn’t really going to have an effect on your life insurance application, it makes sense to just briefly take a look at some factors that could play a role in what type of life insurance policy you can qualify for as well as what type of life insurance policy you should consider.
Types of life insurance policies.
Rather than try to tackle the topic of describing all the different types of life insurance policies that are out there in this brief discussion, we’d rather focus on what we feel is a more important topic which is:
“What do you want your life insurance policy to do for you?”
By understanding what you would like your life insurance to do for you, it becomes much easier to try to determine what type of life insurance policy you should consider purchasing.
Let’s take a look at some of the common reasons why people choose to purchase a life insurance policy:
- Protect a spouse or child.
- Cover the cost of mortgage.
- Protect an estate from a “death” tax.
- Provide collateral for a business loan.
- Satisfy a divorce decree.
- Purchase coverage for a family member, who isn’t interested in purchasing a policy for themselves.
- Cover the cost of a burial.
- Etc, etc…
Now as you can see, there are plenty of different reasons for purchasing a life insurance policy and for each of these reasons, you’re likely to encounter a different set of criteria that may make one type of life insurance policy better than another.
For example, does it really make sense for someone who just wants to cover the cost of their burial to have a million dollars in life insurance policy?
Once the “type” of coverage has been determined, next we need to figure out if you can qualify.
Each type of life insurance policy will generally have its own rules and regulations. Some policies may require that you take a medical exam and answer a series of medical questions. While other policies known as “Guaranteed Issue” life insurance policies only require that you’re a US citizen and meet the minimum age requirements.
So…How will you know if you’ll qualify for a certain policy?
One of our major jobs here at TermLife2Go is not only to help answer any questions you may have about applying for life insurance, but also to help try to determine what policies you can and can’t qualify for as well as try to give you an accurate quote based on the information that you have provided for us.
All decisions will be made by the individual underwriter working for the insurance company that you choose to apply with, however by contacting us and allowing us to walk you through the application process, you should be able have a pretty good idea about what your chances are for being approved as well as what the ultimate cost of your insurance will be.
The good news is…
That because we’re an independent life insurance brokerage that works with dozens of highly rated life insurance companies, when you choose to apply for life insurance with TermLife2Go, you’ll be able to “shop” dozens of life insurance carriers simultaneously. Which means that at the end of the day, you’ll know you got a great deal on your insurance coverage!
So what are you waiting for? Give us a call today and see what we can do for you!
Lastly 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!