You may also want to read our article TermLife2Go’s Top 10 Industry Leaders , Skip the Needle! TermLife2Go’s Choice for Instant Issue Life Insurance! as well as Tips On How to Qualify for Great Life Insurance Quotes.
You’re generally going to find that simply having a prescription for Flomax isn’t going to affect your life insurance application. In fact, it shouldn’t play a role at all. This is why when advising clients who are using Flomax, we’ll often look first for a “no medical exam” life insurance option first simply because these applicants will often be perfect candidates for such a policy!
Flomax (tamsulosin) belongs to a group of drugs called alpha-adrenegic blockers and is used to improve urination in men with benign prostatic hyperplasia. Flomax works by relaxing the muscles in the prostate and bladder neck thus making it easier to urinate.
The main concern the insurance companies are going to be worried about is that because Flomax is used to treat benign prostatic hyperplasia, they will want to rule out any possibility of prostate cancer.
Benign prostatic hyperplasia:
Benign prostatic hyperplasia (BPH) is defined as an enlarged prostate gland that may squeeze against or partly block the urethra. BPH is not cancer and is often a common occurrence for men as they grow older. How “serious” you BPH is to the insurance company will generally be determined by what your PSA Level is.
Prostate Specific Antigen (PSA):
PSA is a protein produced by the prostate gland, and its “levels” are used to screen for prostate cancer and to monitor the treatemtne of the disease. The higher one’s PSA level is, the higher the likelihood of prostate cancer.
For Life Insurance purposes:
If your PSA level is 4 or lower, then you will qualify for a preferred plus rate class, assuming no other health issues.
However, older men can have a higher PSA level and still qualify for a preferred rate class. A PSA under 5.5 for a 60 year old male may still qualify for the best rate.
Similarly, a 70 year old man with a PSA under 7 can also qualify for the best rate class. Once again, assuming no other health issues.
We here at TermLife2Go…
Will typically recommend going those who have been diagnosed with benign prostatic hyperplasia with a non-medical term life insurance policy first, because these clients will typically qualify for a Preferred or Preferred Plus rate without needing to take a medical exam.
These clients will also generally be able to lock down a great premium within 24 hours of applying. Applicants who choose to go this route also avoid the risk of having a medical exam uncover little things that could negatively affect an insurance rate like elevated:
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!
Lastly, for those who are really in a hurry to get a “general” idea about how much their life insurance might cost them, we would recommend that you check out our No Medical Exam Life Insurance Quote page which will allow you compare prices multiple term and whole life insurance quotes instantly!