Now we’ll be the first to admit that we don’t often have folks giving us a call asking if their Vivelle-Dot prescription is going to affect their life insurance application.
Vivelle-Dot (estradiol) is simply a form of estrogen that is used to treat certain symptoms of menopause such as hot flashes, vaginal dryness, burning and irritation. There is a “catch” however.
Since Vivelle-Dot can also be used to treat and prevent postmenopausal osteoporosis and/or other ovarian disorders, one should be surprised if they’re asked a few additional questions about their Vivelle-Dot usage prior to being approved for life insurance.
Now in general…
What you’re going to find is that, most life insurance companies, once they’ve been able to rule out any “serious” ovarian conditions or “severe” osteoporosis, will still consider you eligible for a Preferred or Preferred Plus rate class provided that you would otherwise qualify.
So now you’re probably wondering, “What does otherwise qualify for mean?”
In this circumstance, what we mean is that insurance companies are going to use a wide variety of criteria to determine exactly what rate class you will and won’t qualify for. For example, let’s just look at some of the most common life insurance application questions you’ll find in the industry and we think you’ll get an better idea of what we’re talking about.
Common life insurance application questions:
- When were you born?
- How tall are you?
- What is your current weight?
- Have you ever suffered from a heart attack, stroke, cancer or diabetes?
- Have you ever been diagnosed with a pre-existing medical condition?
- Have any of your immediate family members (mother, father, brother, sister) ever been diagnosed with cancer, heart disease, stroke or diabetes?
- Other than Vivelle-Dot, are you taking any additional prescription medications?
- Have you used any tobacco or nicotine products in the past 12 months?
- Have you used any marijuana products in the past 12 months?
- Do you have any issues with your driving record, such as multiple moving violations, a suspended license or a DUI?
- Have you ever been convicted of a felony or misdemeanor?
- In the past 2 years have you filed for or declared bankruptcy? Seems weird to ask about bankruptcies, but some insurance companies seem to think this is important which is why we ask. If you have applied for bankruptcy, all it means is that we’ll want to choose a company that won’t consider this an issue.
- Do you have any set plans to travel outside the United States in the next 2 years? Yes, we understand this might seem like a weird question, but the insurance companies just want to make sure you don’t have any plans to visit Syria, North Korea, Iraq, or Afghanistan just to name a few.
- Do you participate in any dangerous activities or hobbies such as, hang gliding, bungee jumping or rock climbing?
- 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 will generally have a pretty good idea about what “type” of life insurance policy you’ll be eligible for and at what “rate” you’ll most likely qualify for.
At this point in the process…
We here at TermLife2Go also like to take a look at some of the “No medical” exam term and whole life insurance options that might also be available for those “healthy” enough to qualify for.
No medical exam term and whole life insurance policies are a great way to get insured fast (generally less than 24 hours) and also avoid the whole process of having to take a medical exam and waiting weeks to get approved.
So what are you waiting for? Give us a call today and see what we can do for you!
Last thing before you go…
We know we’ve talked a lot about what rate you might be able to qualify for based on your pre-existing medical conditions but until now, we haven’t talked at all about price! So, let us know direct you to our Life Insurance Quotes page when you have a chance since it will provide you with dozens of quotes instantly and see if we have a policy that might fit within your budget.
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.