With the proliferation of prescription medications as well as the hectic lifestyle that so many of us deal with on a daily basis, we here at TermLife2Go have become experts at helping folks who are currently taking an anti-anxiety medication to help “normalize” their mood.
This is why our agents are very familiar with working with folks who currently have a prescription for Buspirone, and know what questions need to be asked so that they can help these clients find a great life insurance policy.
Buspirone is a mild anti-anxiety medication that comes in the form of hydrochloride. Buspirone works by altering the chemicals found in the brain that are believed to cause symptoms of anxiety. Symptoms such as fear, irritability, tension, dizziness as well as an increased heartbeat. An added benefit of using Buspirone vs other anti-anxiety medications is that it does not induce significant tolerance capabilities or psychological dependence.
Now as one can see…
Buspirone is prescribed for a wide range of conditions and symptoms, which is why, a careful examination of each individual’s health history is needed to be made before simply submitting one’s applications. The good news is that because Buspirone isn’t necessarily associated with dependency issues, the main area of focus will lie on how well your anxiety is being controlled rather than on any dependency or abuse issues.
How well is your Anxiety being controlled?
Insurance companies are going to potentially use 3 different tools in determining the severity of your anxiety:
- A prescription medication check.
- Ordering medical records.
- And the insurance application questions.
Prescription Medication Check.
By ordering a prescription medication check, insurance companies will be able to learn:
- When you were first prescribed medications to treat your anxiety?
- Are you taking any additional medications to treat your anxiety?
- Have your medications changed while treating your anxiety?
- Are you taking any other medications to treat any other pre-existing conditions?
Medical records from your doctor.
Having access to your medical records will provide the insurance companies with an insight on how your overall health is, as well as, how the treatment of your anxiety is going. It will also shed light on any concerns or “lack” of concerns that your doctor has regarding your anxiety.
It should also be noted that clients should not necessarily worry that their medical records have been ordered by an insurance company. In many cases this is simply standard procedure and frequently these medical records will actually improve the outcome of a client’s life insurance application!
Insurance application questions.
Lastly, most life insurance policies, particularly fully underwritten term and whole life insurance policies, will have questions on the application concerning an applicant’s health.
For those who are currently taking Buspirone, there will be additional questions asked to determine the severity of your anxiety.
Questions such as:
- When were you first diagnosed with anxiety?
- When were you first prescribed Buspirone?
- Who prescribed your Buspirone, your primary care physician or a psychiatrist?
- Have you ever been hospitalized for your anxiety?
- Do you ever have any thoughts of suicide or have you ever attempted suicide?
- Are you currently working?
- In the past 12 months have you applied for or received any form of disability benefits?
With these three sources of information in hand, the insurance companies should be able to make a pretty accurate determination about the severity of your anxiety and how well it is being managed. They will then use this information to first determine whether or not they wish to provide coverage and second to determine that “rate class” you will then qualify for.
Now while we won’t have access to all the same information as the insurance companies will. For example, we’ll never have access to your prescription medication report or medical records, we will have access to how you answered the questions on your life insurance application.
Which means, we’ll also have a pretty good idea on how severe your anxiety is which will assist us in not only determining what rate class you’ll most likely qualify for, but also which life insurance company will most likely give you the best deal for your insurance.
We here at TermLife2Go operate as an independent life insurance brokerage capable of working with dozens of highly rated life insurance companies.
Life insurance companies that will have their own unique underwriting guidelines, which means that when it comes time to finding coverage for you and your family, we’ll be able to pick and choose from dozens of different insurance companies in an effort to find you the best policy that fits your unique situation!
So what are you waiting for? Give us a call today and see what we can do for you!
Lastly, because you may be eligible for a life insurance policy that will not require you to take a medical exam, we would encourage you to take a look at our Term Life Insurance Quotes page.
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.