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: Top 10 Burial Insurance companies, 10 Top No Exam Life Insurance Companies
Seroquel is one of those medications that’s immediately going to set off a lot of “red flags” during a life insurance application mainly because Seroquel isn’t routinely given out for any medical conditions that aren’t a “major” concern for the life insurance industry.
Seroquel (quetiapine) antipsychotic prescription medicine that is used to treat:
It is believed that Seroquel works by changing the actions of certain chemicals in the brain.
Now, it’s pretty obvious that…
There are some significant differences between these three medical conditions, which is why it is essential for your life insurance agent to have at least some type of “elementary” understanding of these conditions before attempting to find the right insurance policy for you.
So with that said, let’s just provide a brief break down of each medical condition so that we can get a better understanding of how the insurance industry will consider each.
Schizophrenia is a mental disorder characterized by a breakdown of thought processes and by a deficit of typical emotional responses. Common symptoms include auditory hallucinations, paranoid or bizarre delusions, and/or disorganized speech and thinking. It is often accompanied by significant social and occupational dysfunction.
Bipolar disease also known as bipolar affective disorder, manic–depressive disorder, or manic depression, is a mental illness classified by psychiatrists as a mood disorder. Individuals with bipolar disorder experience episodes of a frenzied mood known as mania alternating with episodes of depressions. About 4% of people suffer from this disorder with an equal prevalence between men and women.
Major depressive disorder (MDD):
Major depressive disorder (MDD) (also known as clinical depression, major depression, bipolar depression or as recurrent depression) is a mental disorder characterized by a pervasive and persistent low mood which is accompanied by low self esteem and by a general loss of interest or pleasure found in normally enjoyable activities. The term “depression” is ambiguous, which is why “major depressive disorders” are typically used to describe a disabling condition that adversely affects a person’s family, work or school life, sleeping and eating habits and general overall health are also negatively affected.
One thing that all three of these conditions share and is something that those suffering from them can agree upon is that many variations of these conditions exist from one case to the next.
Unfortunately, most insurance companies that conduct a prescription database check during the application process will simply refuse to offer coverage once Seroquel comes up.
This is why…
We here at TermLife2Go will first try to determine the severity of your condition by asking these basic questions:
- Why have you been prescribed Seroquel?
- When were you prescribed Seroquel?
- Who prescribed your Seroquel, a general practitioner or a psychiatrist?
- Have you ever been hospitalized for your medical condition?
- Are you currently working now?
- In the past 12 months have you applied for or received any type of disability benefits?
Then depending on how you answer these questions, we’ll generally have a pretty good idea of what “type” of life insurance you’ll be eligible for.
It should be noted that depending on what you’re looking to achieve by purchasing a life insurance policy, it’s quite possible that a final expense or burial life insurance policy that won’t require you to answer any medical questions or take a medical exam may be the perfect fit for you. We just won’t know till you give us a call.
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