Celexa is a prescription medication that is used for the treatment of depression. It is considered to be an antidepressant and is grouped in a family of drugs called selective serotonin reuptake inhibitors, or SSRIs.
Affect on Life Insurance Application: Possibly significant.
Best Possible Coverage Outcome: Standard or Preferred, depending on the applicant’s overall health condition.
Worst Possible Coverage Outcome: Table B or declination.
Primary Determining Factor: When underwriters review an application for coverage, they study a number of different criteria. However, the primary determining factor when considering an applicant who is buying life insurance while taking Celexa is the severity of his or her depression.
Some of the questions that the underwriters will ask may include whether or not the applicant has been hospitalized for their condition, as well as what type of physician prescribed the medication. In addition, the underwriters will also want to obtain additional information on the applicant’s work history (if applicable).
In many instances, the actual company that is reviewing the application for coverage will also have a bearing on whether the applicant will be accepted or declined. This is because, even though all insurance companies will follow somewhat similar underwriting guidelines, these factors are not identical. Therefore, while one insurer may accept an applicant as a Standard, another insurer may accept the very same person as a Preferred.
Get A Life Insurance Quote Now
If you’ve ever paid close attention to life insurance commercials, you may have noticed that the premium rates that are quoted are typically very low. This is because the insurers will oftentimes provide the rates for people who are in the very best of health for their age and for the type of policy that is being offered.
The unfortunate truth is, though, that not everyone will be able to qualify for such low rates – and especially not those who have either an adverse health condition, or who take various types of prescription medications.
Therefore, if you have a preexisting condition, or you take a medication such as Celexa, and you are in need of coverage to protect your family or your business, what are you supposed to do?
The good news is that you actually have a lot of options that are available to you. In order to move forward on those options, however, you will typically need to work with an expert in the life insurance arena who is experienced in working with people who suffer from depression and can help you in finding the coverage that you require.
Life Insurance Coverage for Those Who Take Celexa
In the life insurance industry – just as in all other industries – there is a great deal of competition for obtaining customers and sales of product. Therefore, most insurers will work to differentiate themselves and try to appeal to a certain niche of customers or a particular population.
This can be advantageous to you when buying life insurance. However, in order for this to be so, you will need to work with an agency that can “shop” your application to several different insurance carriers in order to come up with the one that can provide you with the very best coverage, as well as with the very best premium rate for you.
With this in mind, let’s take a closer look at an individual who is currently taking Celexa and who is applying for coverage. Celexa is considered to be an antidepressant that is grouped as a type of selective serotonin reuptake inhibitor, or SSRI.
In order to determine which insurance company will be able to offer the best choice when applying for life insurance, it will be essential for the underwriters to know which health condition (or conditions) the applicant is actually taking the medication for. Therefore, there will likely be additional questions asked, such as the following:
- What type of medical professional was the medication prescribed by? (i.e., a general practitioner or a psychiatrist?)
- Has the dosage of the Celexa remained the same over time, or has it increased / decreased?)
- Have you ever been hospitalized for your condition?
- Are you currently employed?
- Do you have a steady work history?
- Are you currently receiving disability? / Have you ever received disability?
- Have you ever had suicidal thoughts?
How and Where to Buy Life Insurance
While it may take a different approach, buying life insurance while taking Celexa does not have to be a difficult endeavor – provided that you work with a company that knows how to move you through the application process. When you are ready to proceed, we can help. In doing so, we will assist you with the following:
- Getting the right type of coverage (term, whole life, or universal life insurance protection)
- Obtaining the appropriate amount of death benefit
- Locating a life insurance carrier that will provide you with the best premium rate for your budget
We are affiliated with many of the top carriers in the market place today. So, when you are ready to move forward, use the form on this page, or call us directly, toll-free, at 888-229-7522 and see how we can help you.