You may also want to read our article TermLife2Go’s Top 10 Best Life Insurance Companies, Skip the Needle! TermLife2Go’s Top 10 No Medical Exam Life Insurance Companies! as well as Tips On How to Qualify for Great Life Insurance Quotes.
Whenever we get a quote request from someone that is currently taking Hydrocodone, we usually like to first determine if its use is going to be a temporary thing, because if so, it will often times just be easier to actually submit one’s application or schedule one’s medical exam for after its use will be completed so that we can just avoid any unnecessary complications.
Now if that’s not the case…
And the quote request is coming from someone who actually plans on using Hydrocodone for a prolonged period of time or indefinitely, a more thorough understanding of the underlying condition causing the Hydrocodone use will be necessary.
Why you ask?
The main concern that insurance companies are going to have regarding your Hydrocodone use is that Hydrocodone is a semisynthetic opioid analgesic that is similar to but more “active” than codeine and is considered a narcotic analgesic that can often times be abused.
Now does this mean that…
You will abuse your prescription for Hydrocodone, certainly not, when it comes to approving one for life insurance, insurance underwriters are going to be looking at “big data” in determining who they do and don’t want to insure, which is why having an “indefinite” prescription for Hydrocodone is certainly going to raise a few “red flags”.
Separating yourself from the crowd…
Now it is true that insurance companies are going to rely on a ton of statistical data when determine who they will ultimately end up insuring, there are parts of the application process where the “individual” will be considered. This is where the insurance companies will ask specific questions in an attempt to learn more about you the applicant as well as the “severity” of the underlying condition that has warranted your Hydrocodone prescription.
Common questions used by the life insurance companies to learn more about your condition:
- Why where you prescribed Hydrocodone in the first place? An accident? Or a pre-existing medical condition?
- How long do you anticipate needing to take your Hydrocodone?
- At what age where your prescribed Hydrocodone?
- How long have you been taking your Hydrocodone?
- Over the past 12 months, has your prescription for Hydrocodone changed?
- Is Hydrocodone the only prescription pain killer that you’re using?
- Do you have any history of drug or alcohol abuse?
- Do you have any issues with your driving record, such as a suspended license, multiple moving violations or DUI’s?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
Now as you can see…
There are a lot of factors that are going to come into play before we can accurately make any type of prediction about whether or not you’ll be able to qualify for a traditional term or whole life insurance policy while currently taking Hydrocodone.
Additionally, it’s quite possible that you may not be eligible today, but you could be 6 months from now!
This is why it’s always a good idea…
To just give us a call and have us take a look at your situation prior to simply applying for life insurance while using Hydrocodone. The last thing that we would want to do is waste your time if you’re not going to be eligible for the insurance you’re applying for or ding” you with a life insurance denial that we could have easily avoided.
So what are you waiting for? Give us a call today and see what we can do for you!
Last thing before you go…
We know we’ve talked a lot about what rate you might be able to qualify for based on your pre-existing medical conditions but until now, we haven’t talked at all about price! So, let us know direct you to our Life Insurance Quotes page when you have a chance since it will provide you with dozens of quotes instantly and see if we have a policy that might fit within your budget.
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.