Given the fact that so many Americans today seem to be struggling with their cholesterol levels, it comes as no surprise that we’ll often have folks asking us if taking prescription medication to help lower their cholesterol levels will affect their life insurance application.
The only problem with answering this question right away…
Is that “some” cholesterol medications can be prescribed to folks with a “host” of other pre-existing medical conditions that can have some serious consequences on a person’s life insurance application.
The good news for Zetia (Ezetimibe) users is that…
In most cases, Zetia (Ezetimibe) is prescribed to individuals who are sampling trying to lower their cholesterol levels and haven’t recently suffered from a heart attack or been diagnosed with heart disease.
Zetia (Ezetimibe) is a prescripton medication that is used to treat high cholesterol along with a low-fat, low-cholesterol diet. Zetia works by reducing the amount of cholesterol and other sterols that the body absorbs from one’s diet.
Zetia can also used to treat for high blood sitosterol and campesterol.
That once Zetia is discovered during the typical life insurance underwriting process, most insurance companies aren’t really going to consider its use an issue, rather what they will want to focus more on is how well it is working to control your cholesterol levels.
To determine how well Zetia is working…
Insurance companies will typically as questions such as:
- When were you first prescribed Zetia?
- Who prescribed your Zetia? A general practitioner or a cardiologist?
- How long have you been taking your Zetia?
- Over the past year has your Zetia prescription changed?
- Are you taking any other medications to treat your cholesterol levels?
- Is you Zetia working to lower your cholesterol levels?
From here the insurance companies will generally have a pretty good idea about whether or not they need to be concerned about your Zetia use and/or cholesterol levels.
What you’re going to find is that “most” life insurance companies will still consider you eligible for a Preferred rate class (Preferred Plus in some cases but these are few and far between). Meaning that as long as you would otherwise be eligible, using a prescription medication to control your cholesterol levels should not prevent you from being able to qualify for a Preferred rate.
So if taking Zetia, won’t keep me from getting a Preferred rate, what might?
Insurance companies are going to look at a wide variety of factors when it comes time to determining what “rate” you may or may not qualify for on a life insurance application.
Now we’ve found that the best way to get a glimpse at what an insurance company is going to consider important is to simply take a look at some of the most common questions used by life insurance companies.
Common questions found on many life insurance applications:
- Date of birth?
- Height and weight?
- Have you been diagnosed with any pre-existing medical conditions?
- Have you ever suffered from a heart attack, stroke, cancer or diabetes?
- Has any of your immediate family members ever been diagnosed with cancer, heart disease, stroke or diabetes?
- Other than Zetia, are you taking any other prescription medications?
- In the past 12 months have you used any tobacco or nicotine products?
- Do you have any issues on your driving record?
- Have you ever been convicted of a felony or misdemeanor?
- Do you have any set plans to travel outside of the United States in the next 2 years?
- Do you participate in any dangerous activities or hobbies?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
Now as you can see, the insurance companies are going to look at a wide range of factors that may or may not affect the outcome of your life insurance application.
The important thing to remember is…
Not all life insurance companies use the same underwriting guidelines. Which means that it’s quite possible that the “rate” that you’ll qualify for can vary significantly depending on which life insurance company that you choose to apply for coverage with.
This is why…
We here at TermLife2Go have chosen to remain an independent life insurance brokerage that is able to works with dozens of life insurance companies, so that we don’t have to rely on just one or two different life insurance companies. Instead, we get to simultaneously “shop” dozens of insurance carriers so that we have a much better chance at finding you the “best” life insurance policy that you can qualify for.
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.