You may also want to read our articles covering Who offers the best life insurance? and What companies offer no medical exam term life insurance?
Having a prescription for EpiPen, isn’t necessarily going to affect your life insurance application. In fact, we’d probably be willing to say that in over 90% of applicants who have a prescription for EpiPen, its presence won’t affect your application at all!
However, since we never like to use the words like:
- And Guaranteed,
When it comes to talking about life insurance, we definitely want to leave a little “wiggle” room for some situations.
Since EpiPen is used to treat severe allergic reactions to things like insect stings or bites, food, drugs and other allergens, if it turns out that you have a “serious” allergy to bee stings and… you’re a profession bee keeper for a living, insurance companies may have an issue with your EpiPen prescription.
Now this is an extreme example but it just underlines the fact that each and every insurance application will be viewed on its own merits which is why making generalizations is always a “risky” proposition.
Let’s just take a look at a few questions an insurance underwriter might ask so that they can rule out the need to worry about your EpiPen prescription.
Common questions will include:
- When where you first prescribed Epipen?
- How long have you had your prescription?
- How many times have you actually needed to use your prescription?
- What triggers your allergic reaction?
- Have you ever been hospitalized as a result of an allergic attack?
- Have you ever had to visit the emergency room as a result of an attack?
- When was the last time you had to go to the emergency room?
- What symptoms do you experience as a result of your allergic reaction?
From there, insurance companies should have a pretty good idea about how they would like to proceed with the application process.
Insurance companies may want to…
- Ask some additional questions about the severity of your attacks.
- Order medical records from your primary care physician.
- Or just move on, it’s no longer a concern.
After all, there’s a big difference between someone who simply turns bright read after eating shrimp cocktail vs someone who experiences difficult breathing after eating something that has been cooked in peanut oil!
Which is why…
In most cases, an Epipen prescription isn’t going to be a major concern during your life insurance application. Now for those with more “serious” allergies, it’s important to note that in most cases, you’ll still be eligible for life insurance, and you’ll still potentially be eligible for a “preferred” or “preferred plus” rate, it may just take some more time for the insurance company to reach their decision.
Don’t get too upset if the insurance company decides that they want to review your medical records prior to making a decision about your case. Having one’s medical records is not necessarily a “bad” things. In some cases, its simply standard operating procedure while in other cases it will often provide additional documentation supporting you as a “good” candidate for coverage.
Even though we’ve said it several times already, we’ll say it again one more time, in most cases an EpiPen prescription isn’t going to affect your life insurance application. But it’s possible that it might.
Which is why…
When you decide to apply for life insurance coverage, it’s always a good idea to apply with an insurance brokerage that’s going to have multiple options for you to consider when applying. For this reason, we here at TermLife2Go has chosen to remain and independent life insurance brokerage that is able to work with dozens of different life insurance companies so that when it comes to getting you a great life insurance policy, you should have plenty to choose from!
So what are you waiting for? Give us a call today and see what we can do for you!
Still not ready to give us a call?
No problem, you don’t need to if all you want to do is “run” a generic quote. To do that, all you need to do is check our Compare Medical Exam Required and No Medical Exam Life Insurance Quotes page.
Now these are real quotes, we’re just not sure you’ll be able to qualify for the rate that you selected. To do that, we’ll need to speak with you first. Good luck!