A lot of times when we get a call in from a client who is currently taking Diazepam, it’s because they’ve either already spoke with a life insurance agent, or submitted a life insurance application with another agency, and now they’re beginning to wonder why their agent seemed so interested in their Diazepam use.
For these types of applicants…
The curiosity is usually due to the fact that their Diazepam is simply being used to treat a mild case of anxiety or muscle spasms and doesn’t really affect their daily routine.
In fact, after further review, these clients will quite often be able to qualify for a “Preferred” rate class, and the approval process will be quite simple. But there’s a reason, at least in the beginning, insurance companies tend to ask a lot of questions about someone who is currently taking Diazepam.
Diazepam is a prescription medication that is classified into a group of drugs called benzodiazepines. These medications are used to treat anxiety disorders, alcohol withdrawal symptoms and or muscle spasms.
So whatcha got?
Are you applying for life insurance with a mild case of anxiety or just a muscle spasm or two?
Or are you 2 weeks into detox and are battling alcohol addiction?
Or maybe, your anxiety has on occasion “gotten” the better of you, but now you have it under control?
You see insurance companies are going to want to know why you’ve been prescribed Diazepam prior to being able to make any type of decision about what type of life insurance policy you can qualify for.
Common questions used to determine your condition and its severity would include:
- Why where you prescribed Diazepam (pretty obvious question)?
- Who prescribed your Diazepam, your primary care physician or a physiatrist?
- How long have you been taking Diazepam?
- Are you taking additional prescription medications?
- Have you ever been hospitalized for you condition?
- Have you ever been treated for drug or alcohol dependency?
- Do you have any issues like multiple moving violations or DUI’s on your driving record?
- Have you ever been hospitalized for your condition?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
These questions, along with others like them, will be used to determine why you’ve been prescribed Diazepam and the severity of that condition.
With this information in hand…
It’s possible that an insurance company may request copies of your medical records which shouldn’t necessarily be considered as a “negative” sign. It may just mean that the insurance company is looking for additional documentation prior to making a decision.
How We use these questions…
We here at TermLife2Go are also going to ask similar questions as the insurance companies because like them, we want to be able to get an accurate idea on what type of life insurance policy you’ll be able to qualify for, as well as try to determine what “rate class” you should be offered.
The only difference is…
That we’re also comparing life insurance companies as we go.
You see, here at TermLife2Go, we have chosen to operate as a completely independent insurance brokerage that is able to work with dozens of different life insurance companies.
This is why, when you decide to apply with TermLife2Go, you’ll already have “weeded” out dozens of different life insurance companies that simply aren’t the “right” fit for you.
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: Whole Life Insurance Quotes when you get a chance.
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.