Zocor is a prescription medication that is used commonly for treating high cholesterol levels. The drug is known for reducing what is referred to as “bad” cholesterol, or low-density lipoprotein and triglycerides in the blood, while at the same time increasing the level of “good” cholesterol.
Affect on Application: Little to none.
Best Possible Coverage Outcome: Preferred.
Worst Possible Coverage Outcome: Not applicable, as there is very little affect on the application with this particular medication.
Primary Determining Factor: The primary determining factor that the underwriters will consider when reviewing an application is the length of time that the applicant has been using Zocor. The underwriters will also consider how well the medication is working to control the applicant’s cholesterol level.
When insurance companies advertise their rates, they will oftentimes provide premium information for those who are in excellent health. This is because those individuals are typically given the lowest possible prices for their coverage.
But unfortunately, for one reason or another, not all applicants will be able to qualify for the very best premium prices. This isn’t always because they are in bad health. Rather, it may be because the individual is taking a certain medication or because they have a preexisting health condition. If this is the case, what is a person supposed to do?
There is good news if you are in this situation. First, you still have many potential options for obtaining coverage. You will, however, likely need to work through a company that is more of a specialist in placing higher risk policies. In doing so, however, you will open up a whole new world of policy choices.
Life Insurance Coverage for Those Who Take Zocor
In many ways, the insurance industry is like most other product and service providers in that there is a great deal of competition. With that in mind, insurance companies must find ways of remaining competitive and offering their policies to potential customers. One way of doing so is by becoming “specialists” in a particular niche.
Because of this, you could essentially have this work to your advantage. However, in order to do this, you will need an agency that has contracts with multiple life insurance companies so that your application can be shopped to numerous companies in order to locate the very best policy and premium price for your needs.
For example, let’s discuss a person using Zocor and who wants to apply for insurance. Zocor, also known as simvastatin, is in a family of medications called HMG CaA reductase inhibitors. By lowering the “bad” cholesterol and increasing the “good,” this medication is used ideally for also lowering the risk of heart attack and stroke, as well as other potential complications in those who have diabetes and coronary heart disease.
Because Zocor is used for a variety of different health conditions, it is essential that the underwriters do a thorough job of reviewing the health history of the applicant before making their final determination on coverage. This is because one applicant who takes this medication may have a very minor ailment in comparison to another. This means that the cost of getting life insurance when you have high cholesterol could be helped in some cases if the drug had proven to work over a period of time. While some more serious conditions the taking of Zocor will have no effect on their rates because the underlying condition is considered too high risk.
There are several key criteria that the underwriters will factor into their determination. These will include the following:
- When the applicant was initially diagnosed with his or her particular health condition.
- The applicant’s current health condition.
- The amount of coverage that the applicant is looking for.
Purchasing Life Insurance While Taking Zocor
Buying life coverage while taking Zocor doesn’t have to be difficult – as long as you are working with a company that knows how to assist you in moving through the application process. If you feel that you’re ready to move forward in applying for the life insurance coverage that you need, we will assist you with all of the following important factors:
- Determining the right type of coverage for your specific needs – term life, whole life, or universal life insurance.
- Obtaining the appropriate face amount of death benefit on your policy.
- Locating the life insurance company that will give you the best policy for your budget.
Our staff is versed on the top carriers in the marketplace and our goal is provide you with the tools you ned to make an informed buying decision. We will then walk you through all of the steps in the buying process.
Your first step should be to use our form on the left to give us some information about you, or you can reach us, toll-free, at 888-229-7522.