We don’t actually get that many people calling us asking whether or not their prescription birth control Levora (etinyl estradiol and levonorgestrel) is going to affect their life insurance application primarily because people probably just forget that their either taking it when asked if they’re currently using any prescription medications or that, folks simply don’t think of their birth control as a “prescription medication”
In either case…
It’s really not a big deal when folks forget to mention that they’re actually using Levora because the truth is, its use isn’t going to play a role in your life insurance application what so ever.
Now with that said…
There’s another smaller group of people out there that actual do call us asking if their prescription birth control is going to affect their life insurance application. These are generally the folks who are “super” nervous about the whole process of applying for life insurance and don’t want ANYTHING to potentially jeopardize them getting the best possible life insurance rate out there.
And who can blame them?
So for these “types” of clients…
Let’s just take a moment to review what a typical life insurance application will ask about and in some cases (where it’s not completely obvious), provide a little additional insight into why the insurance companies are asking certain questions.
Common life insurance application questions:
- Current height and weight?
- Have you ever been diagnosed with any pre-existing medical conditions?
- Have you ever been diagnosed with cancer, heart disease, stroke or diabetes?
- Has any of your immediate family members such as your mother, father, brother or sister been diagnosed with cancer, heart disease, stroke or diabetes?
- Have you used any type of tobacco or nicotine products in the past 12 months? Including any type of electronic cigarettes?
- Have you used any type of marijuana products in the past 12 months?
- Do you have any issues with your driving record, such as a suspended license, multiple moving violations or DUI?
- Do you have any set plans to travel outside of the United States in the next two years? Insurance companies aren’t interested in taking on any applicants who may be traveling to some dangerous destinations such as Syria, Iraq, or Afghanistan in addition to many other “hot spots”.
- Do you currently participate or anticipate participating (yes, that is a mouthful) in any dangerous activities or hobbies such as hang gliding, sky diving or bungee jumping?
- Have you ever been convicted of a felony or misdemeanor?
- In the past 2 years filed for or declared bankruptcy? This particular question is only relevant to a couple of insurance companies and we believe that is mainly used as a cost savings mechanism, since insurance companies spend a considerable amount of money to approve a life insurance policy for an applicant, they want to make sure that once they spend that money, the applicant will actually accept the policy and be able to afford it for many years to come.
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
As you can see, insurance companies really do ask a wide range of questions designed to learn more about the specific health of an individual as well as “uncover” any potentially hazardous “lifestyle” choices.
Here at TermLife2Go…
We’ll ask these same questions that the insurance companies are going to ask except in addition to trying to learn what “type” of life insurance policy you will be able to qualify for and at what “rate”, we also use these questions to try to determine which insurance “company” is going to be best for you.
Each insurance company is going to have its own rules and regulations that it’s going to use in determining who they wish to offer coverage to. Which means that while it’s quite possible that you could be a terrible candidate for one insurance company while another company may consider you an exemplary candidate!
So which do you want to be? And is the company your thinking about applying for life insurance with work with dozens of different insurance companies so that you don’t have to settle for “second best”?
Now before we let you go…
Let us be the first to acknowledge that in the article we haven’t really talked about what it’s going to cost you to purchase your life insurance! And this is mainly because we have no idea what it’s going to cost until we learn a little bit more about you.
However, if you would like to get a “rough” idea about what your insurance might cost, feel free to check out our Life Insurance Quotes page where you can pull up actual quotes instantly simply by selecting what “rate” class you feel you might be able to qualify for.
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.