Getting life insurance coverage when your taking Coumadin tabs or Warfarin, can sometimes get “tricky”.
In fact, since Coumadin is an anticoagulant (blood thinner) that is used to reduce the formation of blood clots to prevent heart attacks, strokes and blood clots, its use will often times be viewed by an “inexperienced life insurance agent” as an automatic “deal breaker”.
But the truth is…
Insurance companies are generally just going to look at a prescription for Coumadin as just “one more” consideration in evaluating your total health status. A “consideration” that could potentially hurt your chances or that could potentially IMPROVE your chances.
Let us explain…
Since Coumadin is often times used as a preventative treatment, its use can often times signify that you’re actually being very proactive regarding your health which is why you should be considered an excellent candidate for life insurance!
What’s going to be more important than just having a prescription for Coumadin will be:
- Why were you prescribed Coumadin?
- Have you suffered a heart attack, stroke or blood clot?
- Who prescribed your Coumadin, your primary care physician or a cardiologist?
- How long have you been taking Coumadin?
- What is your current health status like?
Even if you’ve suffered from a heart attack or a stroke, chances are that if you’re currently healthy, seeing your doctor regularly, and haven’t had any recent medical issues, you may still be able to qualify for a life insurance policy.
Additionally, if you’ve simply been prescribed Coumadin as a “purely” preventive medication, chances are its presence may not play a role at all in determining what “rate class” you’ll likely qualify for.
Where things can get really “tricky”.
Things can really start to get “tricky” when you factor in all the other components that go into getting an individual approved for life insurance about and beyond just your Coumadin prescription.
Factors such as:
- Height and weight.
- Do you use any tobacco or nicotine products?
- Are you currently working?
- In the past 12 months have you applied for or received any form of disability benefits?
- Have you had a recent EKG preformed?
- Have you recently taken a cardiac stress test?
- Have you been diagnosed with any other pre-existing conditions such as diabetes?
- Are you taking any other prescription medications?
- And how much insurance are you actually looking to purchase?
When it comes time to purchasing a life insurance policy while taking Coumadin, we’d love to say sure no problem, everything is going to be super easy, but the truth is, it’s all going to depend on a wide range of factors.
Which is why, the most important factor for you to get insured isn’t necessarily going to relate to your Coumadin, rather its really going to come down to…
“Did you choose to work with an insurance brokerage/agent that is familiar with finding coverage for folks who are taking Coumadin, and does that brokerage have plenty of options to choose from when looking for the best coverage for you?”
We here at TermLife2Go have chosen to remain an independent life insurance brokerage that works with dozens of highly rated life insurance companies in an effort to help our clients find the best possible life insurance policy out there. We feel that by being able to simultaneously “shop” dozens of carriers, our clients are better prepared to make the right decision for their own individual needs.
So as we always say, 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 check out a few quotes before actually speaking with an insurance agent, we would recommend that they check out our Life Insurance Rates page when you have a few moments to spare.
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.