For those who are currently having a difficult time getting approved for life insurance, you may also want to read the following articles which focus on difficult to place insurance policies: 10 Great Final Expense Insurance companies, Our 10 Best No Medical Exam Life Insurance Companies, and Burial Insurance – Why Final Expense Might be the Best Choice.
According to the National Institute of Mental Health, anxiety disorders affect 18.1 percent of adults in the United States (approximately 40 million adults between the ages 18 to 54) which is why we’re never really surprised when folks give us a call asking if their Lorazepam prescription will affect their life insurance application.
The tough part…
Is that, simply having a prescription for Lorazepam won’t necessarily play a huge role in the outcome of your life insurance application. What will potentially affect your life insurance application will be the “Severity” of the anxiety which is being treated! Which is why we’ll need to learn more about how your anxiety affects your daily life prior to being able to make any predictions about how your Lorazepam prescription will affect your life insurance application.
Lorazepam is a prescription medication that is classified in a group of drugs called benzodiazepines used to treat anxiety disorders. Lorazepam works by altering chemicals in the brain that may become unbalanced and cause symptoms of anxiety.
Now we’ll be the first to admit that this definition of what Lorazepam is used for is a pretty vague one at best. After all, simply stating that Lorazepam treats “anxiety disorders” leaves a lot of “wiggle” room when it comes to actually understanding the seriousness of having a Lorazepam prescription.
What you’re going to find is that if you’re using Lorazepam to treat anxiety, insurance companies are going to want to learn more about the severity of your condition prior to extending an offer of coverage. To do so, you’ll like be asked question such as:
- Why have you been prescribed Lorazepam? Do you have an official diagnosis?
- When were you first prescribed Lorazepam?
- How long have you been taking Lorazepam?
- Who prescribed your Lorazepam? A general practitioner or a psychiatrist?
- Are you taking any additional prescription medications in addition to your Lorazepam?
- Have you ever been hospitalized due to your anxiety?
- Have you ever contemplated suicide or attempted suicide?
- Are you currently working?
- In the past 12 months have you applied for or received any form of disability benefits?
Now with these answers in hand, the insurance companies will generally be able to get a pretty accurate idea about the severity of one’s anxiety, and determine whether or not they will need to order one’s medical records prior to being able to make a decision about one’s life insurance application.
Additionally, insurance companies…
Will also be able to “weed” out those “mild anxiety” cases that should be able to qualify for a Preferred life insurance rate vs those that may require additional underwriting prior to being able to qualify for a Standard (normal) or table rating insurance rate.
Here at TermLife2Go…
You’ll find that we’re also going to ask these same questions in an attempt to determine what types of life insurance policies you’ll be eligible for and at what rate, in addition to trying to determine exactly which life insurance company is going to offer you the best possible deal out there!
Here at TermLife2Go, we’ve chosen to remain an independent life insurance brokerage that is able to work with dozens of life insurance companies when trying to find you the best possible life insurance policy. Which means that should we find that one particular life insurance companies underwriting guidelines simply doesn’t match up with your needs, we can simply move on to our next best option!
So what are you waiting for? Give us a call today and see what we can do for you!
Ready to see…
What all this may cost you? Well if so, simply visit our page: Compare Medical Exam Required and No Medical Exam Life Insurance Quotes and then just give us a call when you’re ready to move forward!