When applying for life insurance while taking Clonazepam or Klonopin, there are three things one can do in order to give themselves the best opportunity for success.
First, you’ll want to choose a life insurance brokerage that has dozens of different life insurance companies to work. This is so that if it turns out that your situation doesn’t fit perfectly within the underwriting guidelines for one specific insurance company, you can then take a look at “Option B”.
Second, you’re going to want to make sure that the agent that you choose to apply with is familiar with your situation. Your agent should know what the “right questions” to ask, so that they’ll be able to determine which life insurance company might be best for you.
And lastly, you’ll want to be completely open and honest when it comes to discussing your condition. Not disclosing something in the beginning while most likely only complicate the application process and could lead to an unnecessary denial simply because your agent didn’t have all the facts from the beginning.
About Clonazepam and Klonopin:
Clonazepam/Klonopin is a prescription medication that is classified in a group of drugs called benzodiazepines. Clonazepam is used to treat seizure disorders and/or panic disorder, and works by affecting the chemicals in the brain that may become unbalance and cause symptoms associated with both.
Now as one can see, Clonazepam 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 application.
As a general rule of thumb…
Whether you’re using you Clonazepam to treat for seizures or you’re using it to treat for a panic disorder, insurance companies are generally going to ask similar questions to determine the severity of your condition.
Questions such as:
- When where you first diagnosed with your condition?
- Who diagnosed you? Your primary care physician or a specialist?
- How long have you been treating your condition?
- In the past 12 month have any changes been made regarding your treatment program?
- Are you currently working now?
- In the past 12 months have you received or applied for any form of disability benefits?
These along with other more traditional questions such as:
- Height and weight?
- In the past 12 months have you used any tobacco or nicotine products?
- Have you been diagnosed with cancer, heart disease, stroke or diabetes?
- Are you taking any other prescription medications?
- Etc, etc…
Will be combined to create an overall picture of your health.
To be completely honest with you, some insurance companies after seeing Clonazepam on your prescription database record, are immediately going to consider you a “Standard” risk at best.
Meaning that you simply won’t be eligible for a “Preferred” or “Preferred Plus” rate should you choose to apply with those particular insurance companies.
But that does not mean that all insurance companies are going to view the use of Clonazepam so harshly.
This is why…
It’s so important to work with an insurance brokerage that has dozens of options to choose from.
Additionally, you’ll want your agent to ask all the “tough” questions so that he or she can supplement your application with notes regarding the severity of your condition so that the insurance underwriter will have a better understanding of your condition right from the start!
An experienced agent will also know which insurance companies are likely to give you a better rate based on their own previous experience.
You see, sure using Clonazepam may have an effect on your life insurance application, but so is your:
- Family medical history.
- Driving record.
- Travel history.
- Participation in what might be considered a dangerous activity or hobby (such as skydiving, rock climbing or bungee jumping).
So when it comes time to applying for life insurance, it’s not just a matter of which insurance company is going to give you the best deal because you’re currently taking Clonazepam, it’s also going to come down to, which insurance company is going to look at the “whole you” and still give you a great rate!
So what are you waiting for? Give us a call today and see what we can do for you!
Lastly, for those who would like to get an idea about how much their life insurance might cost before actually speaking with one of our agents, we would recommend that you visit our quoter page: Term and Whole Life Insurance Quotes when you get a chance.