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: Final Expense Insurance companies and Best No Medical Exam Life Insurance Companies
We’ll often get calls or quote request from folks who are currently using Paxil CR to treat a pre-existing medical condition either because they’re concerned that it may have a negative effect on their life insurance application, or they’ve already received a quote and now they want to see if they can do better.
Which is fine…
But what we’ve often found is that what these folks don’t understand is that in order for us to be able to accurately “quote” them for life insurance, we’re going to need to learn a little bit more about why they’ve been prescribed Paxil CR and the severity of the condition that they’re treating.
About Paxil CR:
Paxil CR (paroxetine) is a prescription antidepressant in a group of drugs called selective serotonin reuptake inhibitors. What makes quoting someone who is using Paxil CR so difficult is that it is used to treat:
- obsessive-compulsive disorder,
- post traumatic stress disorder (PTSD),
- anxiety disorders,
- and premenstrual dysphoric disorder (PMDD).
(To learn more about how each condition will be “viewed” by the life insurance industry, simply click on the links about for dedicated articles on each condition.)
Now as one can see, Paxil CR is prescribed for a wide range of conditions and symptoms, which is why, you’re going to find that in most cases, the insurance companies are going to ask a series of questions to help determine the severity of your condition.
Common questions Paxil CR users will be asked by the insurance companies:
- Why have you been prescribed Paxil CR?
- How old were you when you were first prescribed Paxil CR?
- How long have you been taking Paxil CR?
- Has your prescription changed over the past 12 months?
- Who prescribed your Paxil CR, your primary care physician or a psychiatrist?
- Are you taking any additional prescription medications?
- Have you ever been hospitalized due to your medical condition?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
At this point, the insurance companies are going to be able to “narrow” down the questioning to areas more specific to the condition that you’re treating as well as be able to determine the types of life insurance policies you may or may not be eligible.
Additionally, the insurance companies may decide that it looks like you “may” be eligible for a traditional term or whole life insurance policy, but they would like to learn a little bit more about your condition before making any “offers” of coverage. This would be when the insurance companies may decide to order medical records from your doctors so that they can get a better understanding of your health.
If an insurance company does decide to order your medical records, this should not be a cause for “alarm”. In fact, ordering medical records may simply be standard procedure based on your condition or age, or it could simply be a way for you to be able to better demonstrate your health and “worthiness” for coverage. So don’t fret!
Just be sure that…
When you do decide that you do want to apply for life insurance that you choose to work with a company like TermLife2Go that is going to have dozens of different life insurance companies for you to choose from.
Whenever you have someone applying for life insurance with a pre-existing medical condition, you always run the risk of “bumping” into some particular underwriting guideline that may make one insurance company better than another simply due to the nature of who they do and don’t want to take on as a customer.
Which means that unless you’re working with a brokerage life TermLife2Go who literally has dozens of different insurance companies to pick and choose from, there’s a really good chance that you could be missing out on a much better insurance policy if only you had that option from the beginning.
Ok now that you’ve got a basic idea about what the “process” of getting insured will look like, you’re probably also wondering what your insurance policy might cost. If so, just click on our Best Life Insurance Quotes page and you’ll be taken to our quote engine which not only allows you to compare different insurance companies, it also lets you sort out which policies will require you to take a medical exam and which ones won’t!
So what are you waiting for? Give us a call today and see what we can do for you!