Given the fact that they’re so many American’s today that are struggling with high cholesterol, it’s no wonder why we get so many calls from folks asking us if their Tricor (fenofigrate) medication is going to affect their chances of getting a Preferred rate on their life insurance policy?
The good news…
Is that assuming that your cholesterol meds are working, and you’ve been taking them for at least 6 months, you should be eligible to qualify for a Preferred rate (or better) provided that you know which insurance companies to apply with.
Tricor (fenofibrate) is a prescription medication that is used to treat high cholesterol and high triglyceride levels by reducing the amount of fatty acids found in the blood. Where we run into trouble is that Tricor is mainly used to reduce cholesterol levels in people at risk of cardiovascular disease.
Are you using Tricor to simply reduce your cholesterol levels? Or have you been diagnosed as someone who either has cardiovascular disease or is at an increased risk for cardiovascular disease? Knowing the answer to this is going to be the main determinant on how “big” of a role your Tricor is going to play in the outcome of your life insurance application.
Common questions life insurance companies are going to ask to determine why you’ve been prescribed Tricor.
- How old were you when you were first prescribed Tricor?
- How long have you been taking Tricor?
- Have you ever been diagnosed with cardiovascular disease?
- Have you ever suffered from a heart attack or stroke?
- Has any of your immediate family members (mother, father, brother or sister) ever been diagnosed with heart disease or a stroke?
- How prescribed your Tricor? A general practitioner or a cardiologist?
- What is your current height and weight?
- Have you used any tobacco or nicotine products in the past 12 months?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
Now at this point, the insurance companies will generally have a pretty good idea about your “general” health and will know if they need to ask any more specific questions about any pre-existing medical conditions you may or may not have. In addition, they’ll also have a pretty good idea if they’ll need to request medical records from your doctor before they’ll be able to make any decisions regarding your application.
Now if you’re simply using your Tricor to lower your cholesterol levels…
And don’t have any history of cardiovascular disease, there’s a very good chance that you’ll still be able to qualify for a Preferred rate, however if you do have a history of cardiovascular disease, knowing as much information as possible prior to actually “applying” for coverage will make all the difference in the world.
We here at TermLife2Go have worked very hard to establish relationships with dozens of the top rated life insurance companies in the industry so that when presented with a more “challenging” life insurance application, we’re not forced to simply “hope” that a single insurance company will be willing to “accept” a “higher” risk applicant.
We’re able to “shop” dozens of different life insurance companies so that not only can we find a company that will accept the “challenge”, they’ll also accept them at a great rate!
Now will there be those that we simply can’t help? Sure, but our goal is to make those cases as few as possible! So what are you waiting for? Give us a call today and see what we can do for you!
One last thing that we would like to suggest to anyone who is serious considering applying for a life insurance policy soon, and that is… visit our Life Insurance Quotes page where you’ll be able to instantly compare life insurance quotes from companies. On this page, you’ll find that we’ve separated the quote engines so that you can compare rates from policies that will require a medical exam and those that won’t!
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.