Life Insurance with Attention Deficit Hyperactivity Disorder (ADHD), get insured within 24 hours!
So you been diagnosed with attention deficit hyperactivity disorder (ADHD), which may mean that a no medical term life insurance option, could work out best for you. The reason being is that a “non-medical” option will provide you and your family with the complete protection you are looking for, while also avoiding any unnecessary complications that come with taking a medical exam.
For example, having attention deficit hyperactivity disorder (ADHD), really isn’t that big deal if you you’re working with an agent who is familiar with placing such cases. After all, you’ve probably been prescribed one of the following medications: Adderall XR, Concerta, Focalin XR, Methylin, or Strattera which typically does a good job at controlling symptoms associated with attention deficit hyperactivity disorder (ADHD), which is the main concern that insurance companies have when it comes to insuring applicants with attention deficit hyperactivity disorder (ADHD).
It really all comes down to cost, which is why working with an agency that can pick and choose among dozens of different insurance carriers is so important.
Ok, so tell me what will it cost?
That’s a tough question to answer since life insurance companies have about 16 different rate classes, it will all depend on what rate class you qualify for, for example:
A mild case of ADHD, with no signs of mood or mental disorders, will most likely qualify for the best class possible. In other words, barring any other health issues, you could qualify for a preferred best or preferred plus rate class.
A person suffering from moderate symptoms, taking medications, with no history of drug or alcohol abuse and no hospitalization due to ADHD, would receive a standard rate class.
If you have a history of drug or alcohol abuse, have a criminal record, or have been hospitalized, you may still qualify for a fully underwritten life insurance policy. However, the primary factors in determining your eligibility would hinge on how long it has been since these events occurred. The farther away you are the better chances you have of qualifying.
If you are curious what your price tag would be, simply enter your information and see what the price is for your age and gender based on the above rate class you believe you qualify for.
What is the process for an applicant applying for life insurance when they have ADHD?
Your typical life insurance companies require a medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking and have taken in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk. Your assigned agent at TermLife2Go will then follow up with you and let you know of your approval.
A simplified issue policy on the other hand would forgo the medical exam requirement and may very well be the best option for individuals applying for life insurance who have been diagnosis with Attention Deficit Hyperactivity Disorder. Only after a brief interview will we know which option will be best for you.
Not all life insurance carriers are the same!
The life insurance industry is just like every other industry out there. Competition is constantly driving insurance carriers to compete for your business. As a result, carriers take on “niches” in an effort to earn market share. It is important to know these niches and it is important the agency you chose has the freedom to choose from multiple life insurance carriers. As a consumer, it is in your best interest to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different companies available. Only by doing this can you insure that you are getting the best policy tailored to your specific needs.
By working directly with TermLife2Go you will have an assigned agent dedicated to your application. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there!
So what are you waiting for? Just give us a call to see just what we can do for you!