One of the most common difficulties a life insurance agent will have to deal with during his or her career is confronting “undiagnosed” medical conditions.
This is because, at least historically, in order to qualify for a traditional term or whole life insurance policy, applicants would have to take a medical exam.
Which means that…
For all those folks who “believe” that they’re totally healthy, but actually haven’t visited a doctor in years, there’s a inherent risk of discovering that while they may feel fine, they actually have “undiagnosed”:
Which during the process of applying for life insurance goes from being “undiagnosed” to potentially a reason for being denied life insurance coverage!
This is why…
When we have a client that calls in and is taking Crestor (Rosuvastatin) to treat his or her cholesterol levels, we’re thrilled!
We’re thrilled because now at least we know that this client at least on occasion, sees his or her doctor!
Additionally, we’ll also probably be able to offer some great No Medical Exam term and whole life insurance options which they’ll probably have a great chance of qualifying for since they’ll already have a pretty accurate idea of the true health status!
Where things can become complicated…
That being said however, there are times when a Crestor (Rosuvastatin) prescription can actually complicate things. This is basically when the Crestor is actually being use to lower the risk of stroke, heart attack or other complications in people with diabetes, coronary heart disease and other risk factors.
Prior to really knowing how your Crestor (Rosuvastatin) prescription is going to affect your life insurance application, we’re going to need to ask a few basic questions to determine why you were prescribed Crestor as well as get an idea of the severity of the condition it is treating.
Common questions that will be asked will include:
- Why did your doctor proscribe Crestor for you? (Pretty obvious question!)
- Did your primary care physician prescribe it for you or where you referred to a specialist?
- At what age did you first start taking Crestor?
- How long have you been taking Crestor?
- Has it worked in lowing your LDL and triglyceride levels?
- Are you taking any other prescription medications?
From there based on your answers, additional question such as:
- If you suffered from a heart attack or stroke, when did that occur? And at what age?
- If you’ve been diagnosed with type 2 diabetes, what is your current A1C?
- In the past 12 months have you received or applied for any form of disability benefits?
These questions are first designed to determine the nature of the condition and then switch to determining the severity of the condition. Likewise, insurance companies will use the answers to these questions to first determine eligibility for insurance and then try to determine what “rate class” you should qualify for.
Why TermLife2Go asks similar questions…
We here at TermLife2Go will ask very similar questions that you’ll find on a life insurance application as well because not only do we want to determine what type of life insurance policies you’ll be able to qualify for, and at what price, we also want to “weed out” those insurance companies that might not be best for you!
How we work…
Here at TermLife2Go, we have chosen to remain an independent life insurance brokerage that is able to work with dozens of highly rated life insurance companies so that when we begin the application process for your life insurance policy, we’re actually simultaneously comparing dozens of different life insurance companies in an effort to find you the best possible deal out there!
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.