Have you ever thought about what insurance companies will look at when you apply for life insurance? Don’t worry – most people haven’t.
Specifically, health condition, age, and other areas that could be cause for potential risk to the insurance company will stand out.
This is because these items may lead to a shorter life expectancy for the individual, which in turn, could lead the insurer to have to pay out a claim. If you have questions about life insurance for diabetics, we have the answers you are looking for.
One such item that many people may not consider as a potential risk is prescription medications. Often, these could also be a major consideration. This is because certain drugs can also cause harmful side effects. Therefore, these are looked at very closely on life insurance applications. One such drug is neurotonin.
How Taking Neurotonin Can Affect Your Life Insurance Coverage Application
Neurotonin also referred to as Neurontin, is an anti-epileptic medication. This drug is considered an anti-convulsant, and it is typically used with individuals for controlling seizures due to epilepsy, as well as for certain types of pain such as that occurring in the nerves that is caused by shingles or the herpes virus.
There are certain common side effects that may be associated with taking neurotonin. These can include depression, restlessness, anxiety, and even aggressive behavior and other behavioral issues. Some of the less common side effects from taking neurotonin may include mood or mental changes, loss of memory, convulsions, coma, tightness in the chest, and difficulty breathing.
The effect on one’s life insurance application when taking neurotonin/neurontin can potentially be significant. This will often depend on why the applicant is taking the medication, the severity of his or her symptoms, and/or the side effects that the medication is producing.
Choosing the right insurance carrier will play a big part in being able to obtain coverage – and applicants can help their chances of finding the right insurer looking at dozens of companies before picking one. Some companies are wary of applicants taking Neurontin, others won’t care as much.
Companies which don’t care as much will offer you better life insurance.
What the Life Insurance Underwriters Want to Know
Before you run off to apply for life insurance, you should go ahead and be prepared for some of the questions they are going to ask.
If you know what info they want, you can have everything ready to give them quick and accurate information. Doing a little work beforehand will save you frustration in the future.
Each carrier has their own set of questions and concerns, but in general, they are going to ask these standard questions:
- How long have you been taking the medication?
- How much do you take?
- Has the prescription changed?
- Have you experienced any side effects?
- Are there any other ways you’re managing your condition?
The answers are going to give them a better idea of what your health is and how the medication is impacting your overall health condition. Without these questions, the company would have to guess, and they aren’t going to be favorable towards you.
How Much Will Your Coverage Cost
When taking Neurotonin/Neurontin premiums can vary a great deal. This will depend in large part upon the reason that you are taking this medication, as well as any potential side effects that you may have – either from the condition itself, as well as from the medication.
If, after reviewing all of your medical information and the data from your medical examination, it is determined that you are in average health overall, then it could be possible to qualify for a standard rate classification. This means that you would be considered as an “average” policyholder regarding health – and you would get average rates.
If, however, it is determined that your health is below average due to certain factors, then you may be placed into a substandard policy class. This means that you could still obtain life insurance coverage. However, the premium rate of that coverage would be higher than that of the average policyholder in your age bracket.
Should your application for coverage be declined altogether, there is still a chance of obtaining coverage by applying for a guaranteed issue policy. No questions, no medical exam. Fast and straight coverage.
While the premium cost of guaranteed issue policies is typically much higher – usually two to three times higher than for a comparable plan – these policies can often be the only way for some individuals to obtain the life insurance protection that is needed.
There is also the possibility that if your health is exceptionally good – even with taking the Neurotonin prescription medication – a preferred policy rating is possible. As long as you’re in good health without any blemishes, you can get the best premiums.
Where to Obtain Quotes on Life Insurance for People Taking Neurotonin
Now you understand how they are going to view your prescriptions, let’s look at how you should go about finding the best company and ensuring you have the cheapest premiums.
If you pick a company which doesn’t have a lot of experience with Neurotonin or they are more conservative with their plans, then you can kiss those cheap rates goodbye.
Instead, look around before you sign any papers. Just by going from company to company, you could save yourselves hundreds of dollars every single year. Just imagine how much it will save you throughout the course of the policy.
You could do this yourself, or you could let us do it for you. We have tons of experience working with applicants taking all kinds of prescriptions. We know the companies which are going to be more liberal with their underwriting and sell cheap coverage.
If you want to take advantage of our expertise, you can use the phone number or fill out the questions over on the side. Either way, you’re on your way to protecting your family.