There’s probably nothing more annoying than asking a person a question and getting the response:
But that’s exactly how we have to answer when someone calls in and asks:
“Can I qualify for life insurance while taking Elavil?”
We don’t want to answer the question like this, we just sort of have too!
This is mainly because Elavil is a pretty common medication that is used to treat depression which as you may or may not know, can vary significantly from one patient to another. As a result, insurance companies are going to need to ask a “bunch” of questions so that they can get a better idea of how “serious” your depression is and then decide the outcome of your application from there.
The good news is that the life insurance industry is just like every other industry out there. Competition is constantly driving insurance carriers to compete for your business. As a result, carriers take on “niches” in an effort to earn market share. These niches may vary but generally insurance carriers do become known within the industry to focus on certain market populations. For this reason, it’s key for you as a consumer to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different carriers out there. Only by doing this can you insure that you are getting the best policy for you and your family.
More about Elavil:
Elavil is in a group of drugs called tricyclic antidepressants that work by altering the imbalance of chemicals in the brain thought to cause depression. Now to know which insurance carrier will provide the best option for clients applying for life insurance while taking Elavil, it’s important to understand the medical condition that is being treated. For this reason, your agent should be familiar with what questions are going to be asked in underwriting so that they can direct the applicant to the right carrier. With depression insurance carriers are not only going to be interested in the types of medications prescribed, they are also going to inquire:
- Was the medication prescribed by a general practitioner or a psychiatrist?
- Has the medication remained the same over a period of time?
- Has the applicant been hospitalized for their condition?
- Is the applicant currently employed, had a steady work history?
- Is the applicant currently receiving disability?
- Has the applicant had any suicidal ideation?
Totally confused?…. Don’t be, this is where TermLife2Go steps in, as an independent agency our agents are committed only to you and your family. Our sole purpose here is to help guide you through the process of:
- First, choosing the right type of policy, whether it be Term, Whole Life, and Universal Life etc..
- Second, determining the appropriate coverage amount.
- And lastly, determining which carrier will most likely give you the best rate available.
By working directly with TermLife2Go you will have an assigned agent dedicated to your application. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there!
So what are you waiting for? Just give us a call and see just what we can do for you!
Lastly, for those who are really serious about finding out exactly how much their life insurance may cost, we created an Whole Life Insurance Quotes page where you can “shop” dozens of different life insurance companies simultaneously!
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.