Desvenlafaxine (also known as Khdezla, or Pristiq) is just one of many different types of prescription medications an individual may be prescribed to help them treat symptoms of depression. And when it comes to qualifying for a traditional term life insurance or whole life insurance policy after you’ve been diagnosed with a pre-existing medical condition like depression, what you’re going to find is that prior to being approved for coverage, the insurance companies are going to want to know a few things about your condition before they will be willing to move forward.
Things such as:
- How long have you been taking your Desvenlafaxine (Khdezla, Pristiq)?
- Who prescribed your Desvenlafaxine? Your primary care physician or psychiatrist?
- Why were you prescribed Desvenlafaxine? What “kind” of depression have you been diagnosed with?
- Are you taking any other prescription medications to treat your depression?
- How often do you see your primary care physician?
- Have you ever been hospitalized due to your depression?
- Have you ever attempted suicide or contemplated suicide?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
Then after obtaining answers to these “kinds” of questions, the life insurance companies will generally have a pretty good idea what “kind” of life insurance policy you may or may not be eligible for. Insurance policies such as:
- A traditional term or whole life insurance policy which will require you to take a medical exam in order to be able to qualify for coverage.
- A simplified or no medical exam life insurance.
- Or a guaranteed acceptance life insurance.
Now these are just some of the questions that you’ll likely be asked before we’ll know what “kind” of life insurance policy might be the best fit for you. Insurance companies will also be interested in:
- Your date of birth.
- Your current height and weight.
- In the past 12 months, have you used any tobacco or nicotine products?
- Have you been diagnosed with any other medical conditions such as cancer, heart disease, stroke or diabetes?
- Has any of your immediate family members (mother, father, brother or sister) been diagnosed with cancer, heart disease, stroke or diabetes?
- Do you have any issues with your driver’s license?
- Do you actively participate in any dangerous hobbies such as skydiving, bungee jumping or rock climbing?
- Etc, etc…
Yes, being prescribed Desvenlafaxine to treat your depression could have a negative effect on the outcome of your life insurance application. But so could a million and one other things!
The trick becomes…
Understanding that because you have been diagnosed with a pre-existing medical condition, you’re now going to want to be more “selective” in which life insurance company you choose to apply with.
Because just as…
No two applicants are going to be the same, no two life insurance companies are going to be the same either. Each insurance company is going to have its own products, pricing and guidelines when it comes to who the will and won’t insure.
Which means that…
When you do “decide” to apply for coverage, you’re going to want to make sure that your “choosing” to apply with an insurance company that is going to provide you with the “best” opportunity for success.
How do you do this?
That’s easy, first choose an insurance brokerage that is going to have dozens of different life insurance companies to choose from when trying to determine which insurance company is going to be the best for you. Then “see” if the agent that you’re working with takes the time to explain why one insurance company may be better for you than another.
Now the good news is that…
Here at TermLife2Go, we offer dozens of different life insurance companies for you to choose from. And… we don’t keep the pricing of these companies a secret. Which means that while we “shop” an insurance company for you, you’re going to have access to all the same “pricing” information that we will.
Which will allow you to…
Ask all the questions you want about each and every insurance company and then decide on your own which insurance company you want to submit your application with. Now we will certainly have a few companies that we’ll likely recommend based on your needs and current health status, but at the end of the day, the final decision will be up to you, and at least now, you’ll have all the answers to make an informed decision.
Now will there be some folks that we simply can’t help?
Yes. But that doesn’t mean that we’re not going to try our very best to find an insurance policy even the most “challenging” applicant can qualify for. So, what are you waiting for? Give us a call today or visit our Life Insurance Quotes page and see what we can do for you!
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.