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: Best Final Expense Burial Insurance and Top 10 Best No Medical Exam Companies
As a recent article by Scientific American noted back in 2014,
“Antidepressant use among Americans is skyrocketing. Adults in the U.S. consumed four times more antidepressants in the late 2000s than they did in the early 1990s. As the third most frequently taken medication in the U.S., researchers estimate that 8 to 10 percent of the population is taking an antidepressant.”
Which is why it never comes as a surprise to us when we get a call or a quote request from someone who is currently using Viibryd, and wondering if it’s use is going to affect the outcome of their life insurance application.
Now we’d love to just say…
Don’t worry about a thing, your Viibyrd isn’t going to affect your application at all, but the truth is, being diagnosed with depression, and thereby being prescribed Viibyrd could “potentially” affect your life insurance application.
Whether or not your Viibyrd prescription is going to affect your life insurance application will be determined by the severity of the “depression” that is being used to treat.
If you’re simply using Viibyrd to treat a “mild” case of depression, what you’re generally going to find is that “Some” life insurance companies will be willing to offer an applicant a Preferred life insurance rate.
Conversely, if you’re using your Viibyrd prescription to treat a more “severe” case of depression, you’re generally going to find that it will be more difficult to find coverage and could possibly be denied life insurance coverage all together!
So whatca got?
Before an insurance company will have an applicant take a medical exam or before they’ll order your medical records, most life insurance companies will generally ask a series of questions in order to gain a “general” understanding of just how serious your depression is.
Common questions asked to determine the severity of an applicant’s depression.
- How old where you when you were first diagnosed with depression?
- Who diagnosed your depression? A general practitioner or a psychiatrist?
- Is Viibryd the only medication that your using to treat your depression?
- Over the past 12 months has your Viibryd prescription changed at all?
- Has a “root” cause for your depression been determined? Situational vs General.
- Have you ever been hospitalized due to your depression?
- Have you ever contemplated or attempted suicide?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
From here, the insurance companies, and us here at TermLife2Go will generally have a pretty good idea about what “types” of life insurance policies you will and won’t be eligible for as well as what “rate” class you may or may not qualify for.
That at this point, if you’re working with TermLife2Go, we’ll also be able to “shop” your life insurance application with numerous companies to see which one could potentially offer you the best rate.
Here at TermLife2Go, we work as an independent life insurance brokerage that is able to work with dozens of different life insurance companies. Which means that when it comes time to helping those who may not be the “ideal” candidate for life insurance, we’re not going to have to just rely on one or two different options and hope for the best!
Because we work with so many different life insurance companies, we’re also able to offer many different products that you may not find elsewhere, including many new “no exam” term and whole life insurance options which could provide full life insurance coverage in less than 24 hours!
Ok, so now…
That we’ve covered most of the basics, are you ready to take a look at some actual quotes that you may be able to qualify for?
If so, we would strongly encourage you to visit our page Life Insurance Policy Quotes where you’ll be instantly compare quotes from dozens of different life insurance companies!
So what are you waiting for? Give us a call today and see what we can do for you!