Percocet is one of those medications where when a client calls in and immediately lets us know that they are using it, it’s typically because this client has either already been denied life insurance already or has been quoted a life insurance “rate” that is just really expensive.
Which is fine…
We love working with folks who have either already been declined elsewhere or already has experience working with another agency because it gives us a solid foundation on which to build on. Additionally, it also lets us know that you are serious about buying life insurance which makes us want to help you even more!
Percocet is a powerful prescription pain medication that contains a combination of acetaminophen and oxycodone. Where we run into trouble is that Oxycodone is an opioid pain medication and as we all know, opioid is sometimes also referred to as a narcotic.
Additionally, the Acetaminophen that is mixed in with the Oxycodone, while less potent that Oxycodone, actually increases the effects of Oxycodone, making Percocet even more powerful that Oxycodone by itself.
Which means that…
In addition to the underlying concern of the actual condition causing your pain in the first place, insurance companies are also going to be concerned about the potential addictive nature of Percocet later on down the line.
For this reason, what you’re generally going to find is that the insurance companies are going to ask a mix of questions first to try to determine the severity of your condition and second to determine what risk if any there may be for abuse problems.
Common questions the insurance companies will ask regarding your Percocet prescription.
- Why were you first prescribed Percocet?
- How long ago where you first prescribed Percocet?
- Over the past 12 months has your Percocet prescription changed at all?
- How long do you anticipate needing to use your Percocet?
- Are you currently taking any additional prescription pain medications?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
- Do you have any issues with your driving record, such as a suspended license, multiple moving violations or DUI?
- Have you ever been convicted of a felony or misdemeanor?
- Do you have any previous history with drug or alcohol abuse?
Now in all fairness, these questions will pretty much be asked of anyone who is applying for a traditional term or whole life insurance policy, so we don’t want you to feel like you’re getting picked on because in truth, you’re not.
It’s just for the folks that are using Percocet, many times it’s just easier to “cut to the chase” and begin asking some of the tougher questions right away so that we can get a better understanding of the severity of your condition immediately and go from there.
What we do here at TermLife2Go.
At this point, it’s important to point out what our role is in the application process should you decide to apply for life insurance with us. You see, what we do here at TermLife2Go is, try to ask all the same questions that an insurance company will ask so that we too can get a pretty good idea about what “type” of life insurance you’ll be eligible for as well as what “rate” you’ll likely qualify for with one addition, we also “shop” companies as we go…
Because we work with several dozen different life insurance companies, as we go through the “typical” life insurance questions and collect your answers, we’re also able to compare your answers with the underwriting guidelines to dozens of top rated life insurance companies.
Which means that…
Once we’re done with your “interview” not only are we going to have a pretty good idea of what you’ll be able to qualify for, we’ll also have a pretty good idea which company is going to offer you the best rate!
Now as we stated before, here at TermLife2Go, we work with dozens of the “best” life insurance companies in the nation, so if you’re ready to take the next “step” and see what your insurance might cost, simply visit our Life Insurance Quotes page and instantly see if we have anything that might meet your needs.
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.