Generally, whenever we find ourselves working with a client that is currently taking Concerta to treat or manage their attention deficit hyperactivity disorder we’re going to want to focus on how their “condition” is affecting their life in general.
This is because…
In most cases, a diagnosis of attention deficit hyperactivity disorder (ADHD) isn’t going to play a major role in the outcome of your life insurance application. If fact, all things being equal, ADHD applicants should have just as good of a chance of qualifying for a “Preferred” or “Preferred Plus” rate class as anyone else would.
If there are signs that your ADHD is having an effect on your life, insurance companies may think otherwise about offering a “Preferred rate” or coverage in the first place!
Concerta (methylphenidate) is a central nervous system stimulate that is used to treat attention deficit hyperactivity disorder. Concerta works by affecting the chemicals in the brain that contribute to hyperactivity and impulse control.
In the following portion of this article we’re going to discuss some questions that insurance companies will ask most if not all insurance applicants. Which is why we don’t want to make it seem like we are suggesting that ADHD applicants may have a “higher” susceptibility or likelihood of answering “Yes” to any of these questions.
Likely Insurance Application Questions:
Since Concerta is used to control hyperactivity and impulse control, questions that will generally pop up on any life insurance application may being to take on additional importance for an insurance underwriter looking at an application from an ADHD applicant.
Questions such as:
- Are you currently working now?
- How long have you been working with your current employer or been in your existing line of work?
- Have you in the past 12 months applied for or received any form of disability benefits?
- Who prescribed your Concerta? Your primary care physician or a psychiatrist?
- Have you ever been hospitalized for you condition?
- Are you currently taking any other prescription medications?
- Do you have an history of drug or alcohol abuse?
- In the past 3 years do you have any issues with your driving record such as multiple moving violations or a DUI?
- Have you ever been convicted of a felony or misdemeanor?
- Do you currently participate or plan on participating in any dangerous hobbies or activities such as sky diving, bungie jumping or rock climbing?
Now to be honest with you, these questions are generally going to be asked of all life insurance applicants. After all, let’s face it, just because you haven’t been diagnosed with ADHD doesn’t mean you don’t have it, Right?
Don’t freak out if you’ve had 5 jobs in the past 2 years or that you have 2 or 3 speeding tickets on your driving record, it’s not the end of the world, it’s just going to mean that you’ll want to choose an insurance brokerage and an agent that is familiar with placing cases like yours.
In a perfect world, all life insurance applicants would be “ideal” candidates and every insurance company would have the same underwriting guidelines, however, this is not the world we live in.
In the real world, no life insurance applicant is perfect and most life insurance companies are going to have some uniquely peculiar characteristic about their underwriting guidelines that may or may not affect you!
This is why…
Particularly if you’ve been diagnosed with ADHD, it’s so important for you to work with an insurance brokerage who is familiar with your condition and will have dozens of different life insurance companies to choose from when it comes time to helping you find that perfect policy!
So what are you waiting for? Give us a call today and see what we can do for you!
Lastly, for those who don’t really want to speak with an agent before they have a chance to look at a few quotes, we would encourage you to check out our Term Life Insurance Quotes page when you have a chance since it will provide you with dozens of quotes instantly!