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 Companies and Best No Exam Life Insurance Companies
With an estimated 8 to 10 percent of Americans using some type of antidepressant it’s no wonder why we get so many calls or quote request from folks asking us if their Zoloft prescription is going to have a negative effect on their life insurance application.
The only problem with answering this question…
Is that because, Zoloft is used to treat a wide variety of medical conditions, we simply won’t know exactly what affect using it will have on your life insurance application until we know why it’s been prescribed.
Zoloft (sertraline) is an antidepressant in a group of drugs called selective serotonin reuptake inhibitors used to treat:
- obsessive-compulsive disorder,
- panic disorder,
- anxiety disorders,
- post traumatic stress disorders
- and premenstrual dysphoric disorder.
So whatcha got?
Knowing why you’ve been prescribed will be one of the first things the insurance companies are going to need to know before they can begin making any type of “determinations” about your life insurance application.
Insurance companies will then begin to try and determine the severity of the condition that is being treated. Now we provided links to the individual articles that we’ve written on each of the conditions that Zoloft will commonly be prescribed for, but in truth, insurance companies will generally ask the same “type” of questions, at least initially to get a “general” idea about how serious your pre-existing medical condition may or may not be.
Common questions insurance companies will use to determine the severity of the condition being treated by Zoloft.
- How old were you when you were first prescribed Zoloft?
- How long have you been taking Zoloft?
- What have you been prescribed Zoloft?
- Who prescribed your Zoloft? A general practitioner or a psychiatrist?
- Are you taking any other prescription medications to treat your condition?
- Has your Zoloft prescription changed over the course of the past year?
- Have you ever been hospitalized due to your medical condition?
- Do you have a previous history of drug or alcohol abuse?
- Do you have any issues with your driving record such as a suspended license, multiple moving violations or DUI?
- 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 “types” of life insurance policies you will and won’t be eligible for. Additionally, insurance companies will also have a pretty good idea if they’ll need to order medical records from your doctors prior to being able to make a decision on your life insurance application.
Now the good news…
Is that not all life insurance companies use the same internal rules and regulations when it comes time to determining who they will and won’t insure. Which means that even if you are applying for life insurance with a pre-existing medical condition which may make one or two different life insurance companies “nervous” that doesn’t mean that you won’t actually be an ideal candidate with another insurance company!
Which is why…
It is so important for those who are using Zoloft to treat a pre-existing medical condition, that could “theoretically” make getting life insurance more difficult, use a life insurance brokerage like TermLife2Go that will be able to “shop” your life insurance application with dozens of life insurance companies.
Here at TermLife2Go, we chosen to remain an independent life insurance brokerage that is able to work with dozens of different life insurance companies so that when it comes time to helping those more “challenging” applicants, we’ll have plenty of options to choose from!
Ok, so if you ready to start “shopping” your options but don’t necessarily want to speak with an agent yet, just click on our Online Life Insurance Quotes and get access to your quotes instantly!
So what are you waiting for? Give us a call today and see what we can do for you!