If you’ve applied for life insurance coverage in the past, you may or may not have been approved. This could have been due to a health condition such as diabetes. Or, it may even have been because of a health condition-related medication that you take such as Glucotrol.
Unfortunately, many people who have various health issues have a more difficult time in qualifying for life insurance protection. This is because, in the eyes of the insurance company, they may present more risk.
What many people don’t realize, though, is that not all life insurance carriers underwrite their applicants in the very same manner. This means that just because you were turned down by one carrier – or even if you were offered coverage, but at a very high premium rate – you may not be given that same result by another carrier.
By working with an independent company or agency that can help you present your case to more than just one insurer, you could qualify for the coverage that you need – at an affordable premium rate – even when taking Glucotrol.
What is Glucotrol and How Does It Work?
Glucotrol – also known as Glipizide – is an oral medication that is taken by those who have Type 2 diabetes. It is used to help patients in controlling their blood sugar levels by assisting the pancreas with producing insulin. It does so by actually assisting the body in releasing more insulin, thereby helping to control its blood sugar.
This medication is typically used by patients in conjunction with proper diet and exercise to work most effectively. This medication comes in tablet form, with the tablets being either in 5 mg or 10 mg strength.
The lowering of blood sugar to a more normal level in the body can help in preventing or delaying the potential complications that are associated with diabetes. These include blindness, heart issues, and / or kidney failure.
While Glucotrol can be very effective in helping those with Type 2 diabetes in controlling their condition, this medication may also – in rare cases – produce some serious side effects. These may include difficulty breathing, hives, and / or swelling of the lips, tongue, face, or throat. With that in mind, it could also be considered as a potential risk by insurance carriers when an individual is applying for coverage.
In some cases, due to very low blood sugar, those who take Glucotrol may also experience dizziness, drowsiness, and / or blurred vision. This can become a danger if the individual is driving or participating in other types of activities that require alertness. Therefore, this can also be considered a risk when applying for life insurance – and may, therefore, be considered by some life insurance underwriters during the application process.
Can You Qualify for Life Insurance Coverage While Taking Glucotrol?
You can qualify for life insurance while taking Glucotrol. However, there are a number of other factors that will also come into play in terms of your overall qualification, as well as what classification your policy will fall into. These typically include your age, gender, health condition, health history, and family history.
It can also include other criteria as well, such as whether or not your participate in dangerous or risky hobbies like skydiving or scuba diving, and / or if you regularly travel to foreign countries, as this is also considered to be a risk.
With all of this in mind, the life insurance underwriters will need to do a thorough evaluation of your application for coverage, as well as any additional information that is required in order to get a full and clear picture of your health and overall risk factors.
What Will the Insurance Underwriters Want to Know?
Just as with most other life insurance applicants, those who take Glucotrol will need to fully complete a life insurance application for coverage. This will ask for basic information such as a person’s age, contact information (including state of residence), gender, health, health history, and any medications that are being taken.
In addition, the insurance underwriters will also want to know more about why you are taking Glucotrol and how it is controlling your diabetes. Some of the questions that you will likely be asked include the following:
- When were you initially diagnosed with diabetes?
- How long have you been taking Glucotrol?
- What was the initial dose of Glucotrol that you began taking?
- Has the amount of your Glucotrol dosage changed over time?
- How, and how well, is Glucotrol controlling your diabetic condition?
- Have you suffered any side effects of the medication Glucotrol?
- How often do you see a specialist regarding your diabetic condition?
The life insurance underwriters may also want to review your medical records from your primary care physician and / or from a diabetic specialist that you may visit.
Also, it is common that applicants for life insurance coverage will be asked to undergo a paramedical exam. This exam consists of obtaining a blood pressure and heart rate reading, as well as a blood and urine sample. These samples are tested for certain types of health risks by the life insurance company.
Once all of the pertinent information has been collected by the insurance company, the underwriters will be able to review everything in its entirety and to the make a more accurate determination with regard to your coverage, as well as with regard to an appropriate premium charge.
How Much Will a Life Insurance Policy Cost When Taking Glucotrol?
The actual cost of your life insurance policy when being a diabetic will depend on several factors. These can include your overall health, as well as age, health history, and family health history in the past.
Because different carriers can weight these criteria differently, what one carrier may charge you for coverage may not be the same as what others will charge you for theirs. Therefore, it’s important not to give up if you are not at first accepted.
Working with an ally that can get you through the process is always your most important first step. This can help you to get a better understanding of how the process works, and to know what to expect.
When taking Glucotrol for Type 2 diabetes, those who are in otherwise good health overall can typically expect to obtain a Standard policy rating. This means that the price you’ll pay for coverage would be that of an average policyholder in your same age range and classification.
If, however, you do have some minor health issues that are not enough to deem you as uninsurable, and then it is possible that the insurance carrier may provide you with coverage as a substandard policyholder. This means that you will still be offered a policy. However, the premium price of that plan would be higher than that of a Standard policyholder.
How and Where to Find the Best Life Insurance While Taking Glucotrol?
One of the very best ways of finding life insurance quotes while taking Glucotrol isn’t to go to just one single life insurance carrier. Rather, it is to work with either an agency or a company that has access to multiple insurers. That way, you will be able to have your application presented to numerous potential insurance carriers. You may even be able to choose from more than one policy, and to pick from the best premium rate to fit your needs.
When you’re ready to move forward in finding life insurance protection, we can help. We work with many of the best life insurance carriers in the marketplace today – and we can assist you with locating all of the important details that you require in making a purchase decision. We can do this for you quite quickly, easily, and conveniently – all right from your computer – and without you having to meet with an insurance agent. If you are ready to begin, use the form on this page to get the process started.
If you have any additional questions or concerns about getting life insurance while taking Glucotrol – or even if you just have a question about life insurance overall – we are here to assist. We can be reached by phone, toll-free, by calling 888-229-7522.
Today, those who have health issues and take medications have many more options in terms of qualifying for the life insurance coverage that they need. This can provide them – and those they care about – with a tremendous amount of peace of mind. When you’re ready to look for the coverage that you need, we can get you there.
We can help you to find answers such as the right type of policy for your needs, the proper amount of coverage, and which of the many carriers in the industry may best fit with your specific situation. So, contact us today – we’re here to help.