For those who are currently having a difficult time getting approved for life insurance, you may want to read the following articles which focus on difficult to place insurance policies: 10 Best Life Insurance Companies, Top No Medical Exam Companies as well as our Best Life Insurance Policies Riders. Best Final Expense Insurance companies, and The Top 10 Easiest Life Insurance Policies to Get.
According to the New York times, over the past two decades, the use of antidepressants has skyrocketed to the point where nearly 1 out of every 10 Americans today uses some sort of prescription antidepressant medication on a regular basis.
Which is why….
It’s not all that surprising that we get some many calls and quote requests from individuals that are worried that their Prozac prescription may negatively affect the life insurance application. Now we would love to tell each of these folks that they have nothing to worry about, and that because Prozac is so frequently prescribed that insurance companies don’t really worry about it, but the truth is because Prozac can be used to treat so many different types of conditions, insurance companies are going to need to learn more about your specific medical condition before they can make any final decisions about your application.
Prozac is a selective serotonin reuptake inhibitor (SSRI) antidepressant that is used to treat major depressive disorders, bulimia nervosa (an eating disorder), obsessive-compulsive disorder, and premenstrual dysphoric disorder.
It is believed that Prozac works by regulating chemicals in that brain that may become unbalanced and cause depression, panic, anxiety or obsessive-compulsive symptoms.
So whatcha Got?
Because Prozac can be used to treat:
- Major depressive disorders,
- Bulimia nervosa,
- Obsessive-compulsive disorders,
- And premenstrual disorder,
(Feel free to visit our articles on each by simply clicking on the attached links above)
Insurance companies are going to want to learn more about why your taking Prozac as well as how severe your pre-existing condition is that warranted its prescription.
Common questions insurance companies will ask to learn more about your pre-existing medical condition:
- Why have you been prescribed Prozac?
- How old were you when you were first prescribed Prozac?
- Who prescribed your Prozac? A general practitioner or a psychiatrist?
- Are you taking any additional prescription medications other than Prozac?
- How has your prescription changed (if at all), over the past 12 months?
- How long do you anticipate needing to take Prozac?
- Have you ever been hospitalized for you condition?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability?
Now from here the insurance companies as well as us here at TermLife2Go will generally have a pretty good idea of what “types” of life insurance policies that you’ll most likely be able to qualify for.
Insurance companies will also have a pretty good idea if they’ll need to order medical records from you doctors before they can make a decision based on your life insurance application. Now with all of that said, in general, what you’re going to find with each of these conditions is that if you’re currently working and not receiving disability benefits and it seems that you condition would have always been classified as a “mild” case, there should be a pretty decent chance for qualifying for a Preferred rate class.
If you’re currently receiving disability benefits for your condition and/or your medical records indicate that your condition would not meet a “Mild” diagnosis, what you’re going to find is that it’s going to be much more difficult for you to get approved for a traditional term or whole life insurance policy.
The good news is…
That we here at TermLife2Go love a good challenge! In fact, we’ve build our how insurance brokerage around helping those who couldn’t find coverage elsewhere. This is why we’ve worked so hard to establish relationships with dozens of different life insurance companies so that when we’re confronted with a more “challenging” case, we’ll know just who to turn too!
So… now for all those folks…
Who are now saying to themselves:
“Thanks for the information, but you still haven’t told me how much this is going to cost!
And you’re right…
So, all you need to do now is visit our Whole Life Insurance Quotes page when you can shop dozens of different life insurance companies and have their quotes “pop up” instantly on your screen!
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.