Klonopin is a prescription medication that is used primarily in the treatment of seizures. It can also be used for treating anxiety.
Affect on 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 decline, depending on the applicant’s overall health condition.
Primary Determining Factor: When reviewing an applicant, the underwriters will consider a number of different factors in order to come to a conclusion as to whether the individual will be approved for coverage. Some of the primary determining factors in pricing a policy for someone taking Klonopin will include the severity of the applicant’s depression or seizures, as well as whether or not the individual has been hospitalized for his or her condition.
Other factors can also include what type of medical professional prescribed the Klonopin to the applicant. For instance, was the doctor a physician, or were they a psychiatrist? In addition, the underwriters will also want to know more about the applicant’s work history, including whether or not the applicant is currently – or ever was – on disability.
Another key determining factor that will have a lot to do with whether a person gets approved for coverage will be the actual insurance company itself. This is because, even though insurance companies all follow certain guidelines when reviewing an application for coverage, not all companies’ guidelines are identical. Therefore, while an individual may be approved as a Standard rated policy at one insurer, the very same individual may be approved as a Preferred rating at another insurer – and vice versa.
Get A Life Insurance Quote
In promoting life insurance policies, most companies will advertise plans that are geared towards insureds that are in excellent health. This is because these individuals will typically be given the lowest premium rates.
The truth is, though, that many people just simply won’t qualify for such low premium rates. This could be due to having certain health conditions, or because they take various prescription medications such as Klonopin.
But, what if you are in such a situation and you still need to have life insurance in order to financially protect your loved ones? The good news is that you still have options – provided that you know where to look.
Life Insurance Coverage for Those Who Take Klonopin
In many ways, the life insurance industry is just like many other industries out in the market place – meaning that there is a lot of competition. Because of this, insurers need to find ways of differentiating themselves so that they can continue selling their products. One way of doing this is by focusing in on certain groups of customer populations – or niches.
Because of this, you can essentially use this to your advantage when you are searching for life insurance coverage at a good price – as long as you work with an agency that is not bound to just one insurance company.
One way to think about shopping for life insurance is to compare it to shopping for any other product or service where there is lots of competition – if you are able to “shop” many products, you will be able to compare the policies and the prices and find the one that will work the best for your specific needs.
Let’s look at an example of someone who’s buying life insurance while taking Klonopin – also referred to as Clonazepam. This medication is in a group of drugs that is known as benzodiazepines. These particular drugs are used in the treatment of seizure disorders, as well as for panic disorders. The medication works predominantly by altering certain brain chemicals that are thought to be responsible for causing anxiety.
Because Klonopin is used for several different purposes, it will be important for the underwriters to obtain more information about the applicant in order to determine exactly why the individual is taking the medication. With that in mind, some questions that the individual will likely be asked include the following:
- How long has it been since you were diagnosed with your condition?
- Do you have any other type of health condition (or conditions)?
- Has the amount of your dosage stayed the same over time?
The underwriters will also factor in the amount of coverage that is being sought into their overall decision.
How and Where to Buy a Policy
Although it may require a different approach, buying life insurance while taking Klonopin does not need to be difficult. We can help you in obtaining the coverage that you need. We will also walk you through the application process.
When you’re ready to move forward, all you have to do is use the form on this page. If you should have any additional questions, please feel free to contact us directly, toll-free, by calling 888-229-7522 and we will be happy to help.