Anytime you find yourself applying for a traditional term life insurance or whole life insurance policy after being prescribed with a medication that is used to help combat heart disease, you’re going to find that most if not all life insurance companies are going to want to know more about your pre-existing medical condition prior to approving your application for life insurance.
And being prescribed Isosorbide Mononitrate is no different.
How will life insurance companies know if I’m taking Isosorbide Mononitrate? And why do they care?
Regardless of whether your applying for a traditional term or whole life insurance policy (a life insurance policy that will require you to take a medical exam) or a simplified issue or no medical exam life insurance policy, the insurance companies are going to ask if you’re currently taking any prescription medications.
They’re also likely to…
Order a prescription medication database check which will provide the insurance company with a complete list of any and all prescription medications that you have been prescribed in the past. They do this because this is a quick and cost-effective way to get a pretty good idea about what pre-existing medical conditions that you may have been diagnosed with.
The problem is…
That with a medication like isosorbide mononitrate, simply knowing that you’ve been prescribed it, isn’t going to give the insurance underwriters a “complete” enough picture about your overall health.
Isosorbide mononitrate is a prescription medication used principally to treat angina pectoris or chest pain that is caused by reduced blood flow to the heart. And while it may be a symptom of coronary heart disease, it is not the same thing as having a heart attack.
Which means that…
Even though angina pectoris can be a symptom of a serious pre-existing medical condition which could lead to you being denied coverage, it may also be a condition that the insurance underwriters “deem” as an acceptable risk and may even be willing to approve one’s application at a Preferred rate!
Which is great…
But it also makes providing a client with an accurate quote REALLY difficult. Which is why here at TermLife2Go, we “tend” to not like to “quote” a Preferred rate to those who are taking isosorbide mononitrate simply because while it is possible an insurance company may approve you at a Preferred rate, those approvals are going to be reserved for only the “healthiest” clients and we don’t want to get anyone’s hopes up too early in the application process.
In addition to the fact that you are taking isosorbide mononitrate, insurance companies are also going to be interested in a WIDE range of other factors which will play a role in the outcome of your life insurance application.
Factors such as your:
- Current height and weight?
- Is isosorbide mononitrate the only prescription medication that your taking?
- Has any of your immediate family members (mother, father, brother or sister) ever been diagnosed with cancer, heart disease, stroke or diabetes?
- Have you ever been diagnosed with cancer, heart disease, stroke or diabetes?
- Do you have any issues with your driving record?
- In the past 12 months have you used any tobacco or nicotine products?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
- Etc, etc…
Now as you can see, the insurance companies are going to be interested in a lot of factors when it comes time making a decision about what “type” of life insurance policy you may or may not be eligible for as well as what “rate” you may be able to qualify for as well.
Now when it comes to specifically…
Looking at the fact that you’ve been prescribed isosorbide mononitrate, the insurance companies are going to want to know:
- Why have you been prescribed isosorbide mononitrate? Is it to treat angina pectoris or is it to treat some other medical condition?
- Who prescribed your isosorbide mononitrate? Your primary care physician or a cardiologist?
- How long have you been taking isosorbide mononitrate?
- Has it been effective in treating your condition?
- Do you suffer from any other heart related medical conditions?
- Have you ever been hospitalized due to your condition?
- Have you ever had a heart stress test performed? If so, what were the results?
- Have you ever had a EKG performed? If so what were the results?
The good news is that…
Here at TermLife2Go, we work with dozens of different life insurance companies that all have their own unique rules and guidelines about who they will and won’t insure. Which means that rather than having to depend on just one or two different insurance companies to give you the “best” insurance policy, we’re able to simultaneously “shop” dozens of different life insurance companies in an effort to help you find the “best” life insurance company that you can qualify for.
Now will there be folks…
Who simply can’t qualify for a traditional term or whole life insurance policy do to some pre-existing medical condition that they are suffering from? Sure, there will be, but that doesn’t mean that we’re not going to try our hardest to find them an insurance policy that they can qualify for. It’s also why we offer a wide range of guaranteed acceptance insurance policies which won’t use one’s HEALTH as a requirement for approval.
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.