Lunesta is a prescription medication commonly used to treat insomnia. It is considered to be a hypnotic, which can have an effect on chemicals in the brain that can become unbalanced and cause issues with sleep.
Affect on Application: Typically, minimal or no affect.
Best Possible Coverage Outcome: Standard or Preferred, contingent upon the applicant’s all-inclusive health condition.
Worst Possible Coverage Outcome: Not relevant, as Lunesta typically doesn’t have an impact on the appeal for coverage.
Primary Determining Factor: Overall, the determination for life insurance coverage for a particular application will typically require a full underwriting procedure. This usually requires a full medical examination. In the case of a simplified issue policy, however, no medical exam is required.
The insurance company that is engaged can also be a determining factor in whether or not an applicant is approved for coverage. This is because, while most insurers may follow similar underwriting criteria, not all follow identical procedures when considering certain medical conditions and/or medications that are taken by an applicant. Therefore, while an applicant may be considered at a standard rating by one insurance company, he or she could be approved as a preferred rating by another.
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When advertising life insurance coverage, insurers will oftentimes show the rate information for applicants who are in premier health. This is the result of those who are healthy will be offered the lowest premium rates.
The reality is, however, that not everyone will be eligible to pay such low rates for coverage. This may be due to an unfavorable health diagnosis and/or because they take a particular type of prescription medication.
People who suffer from insomnia due to hyperthyroidism or some other condition often fall into this category and many have found that you’ve had difficulty in obtaining an affordable plan. However, this doesn’t mean that you still don’t have the need for insurance protection. With that in mind, what are you supposed to do?
However, the good news is you have more options than you may think, as well as options that have affordable premiums. The key is in working with a company that can access more than one agency.
Coverage for Those Who Take Lunesta
The sale of life insurance is, in many ways, a lot like selling other types of products and services. There are many competitors out in the field – and because of that, insurance companies need to find ways to be appealing to their customers. One way of doing so is to narrow down their marketing to various customer niches.
Often, this can work out to be advantageous to life insurance buyers. This is because many insurers could actually be competing for your business. However, in order to get the best price on coverage, you will need to partner with a firm that has access to multiple insurers. This way, your application can be shopped to several different carriers in order to find the best coverage and the best price for you.
Let’s look closer at an example of a person who currently takes Lunesta. Lunesta is considered to be a hypnotic sedative medication that works for treating insomnia. It works by having an effect on the user’s brain chemicals, which can become unbalanced, in turn, causing problems sleeping – otherwise known as insomnia.
While this particular medication does not typically have an effect on obtaining life insurance coverage, it can still be beneficial for an applicant to shop his or her application to several different carriers in order to come up with a good comparison of premium prices.
It can often be possible to qualify for either a Preferred – or even a Preferred Plus – rating, without even having to undergo a medical examination, while taking Lunesta. By avoiding a medical exam, an applicant can also avoid the life insurance underwriters obtaining additional information regarding issues such as high blood sugar, blood pressure, and/or cholesterol – which are often items that could otherwise raise one’s life insurance premium.
Purchasing Life Insurance
Purchasing life insurance when you are taking Lunesta is not typically a difficult endeavor – especially if you partner with an agency that provides access to numerous possible insurers so as to compare different policies, benefits, and premium quotes.
When you’re prepared to acquire your life insurance policy, we would be honored to assist you in determining the type of coverage that is appropriate for you, along with the precise amount to obtain.
We work alongside many of the nation’s premier life insurance firms – allowing us to provide you the policy and the quote appropriate for your specific needs and desires. If you’re ready to take the next step, just simply use the form on this page, or give us a call, toll-free, at 888-229-7522.