When shopping for life insurance, there are many items on the application for coverage that the underwriters will want to review. 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. Oftentimes, 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.
Some of the other factors may include whether or not the applicant has recently been hospitalized for their disorder, as well as the type of medical professional that prescribed the medication.
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 by working with an agency or a company that has access to multiple carriers. This way, the agency that they work with can oftentimes be able to point them in the right direction of the carrier that is more apt to accept certain types of individuals. This can save a tremendous amount of time – and frustration – throughout the application process. It can also save you from the long and tedious process of having to go to individual insurance companies one by one.
What the Life Insurance Underwriters Want to Know
When taking neurotonin, the life insurance company will want to know more than just the information that is asked for on the basic application for coverage. Therefore, you will typically be asked more in-depth questions regarding your medication(s), as well as the dosage(s), and the reason(s) for taking them. You may be asked some or all of the following questions:
- When were you initially prescribed Neurontin?
- What type of a medical professional made the prescription (i.e., your primary care doctor or a specialist)?
- What was the initial dosage amount?
- Has the amount of your dosage changed over time?
- How – and how well – is the prescription helping to manage and / or control your condition’s symptoms?
- Have you suffered any side effects?
- Are you managing your condition in any other manner (such as via diet and / or exercise)?
- Have you had any relevant testing performed due to your medical condition within the past six months?
- Have you been hospitalized within the past 12 months due to your medical condition?
It is likely that in addition to answering these condition and medication-related questions, you will also be required to undergo a medical examination as a part of the overall underwriting process for your life insurance coverage. During this exam – which lasts about 30 minutes – you will meet with a paramedical professional either in your home or other convenient location. The paramedical professional will take a blood pressure and heart rate reading from you, as well as a blood and a urine sample. These will be tested for certain risk-related factors by the insurance company.
Also, the life insurer may wish to review your medical records from your primary care physician and / or from any specialist that you may see for your medical condition. This can help in giving the underwriters a clearer picture of your entire health condition.
After all of your information has been received at the insurance company, the underwriters can review it and then they will be able to make a much more accurate determination regarding your life insurance coverage, as well as about the premium cost.
How Much Will Your Coverage Cost
The cost of your life insurance coverage when taking Neurotonin / Neurontin 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 obtain a Standard policy classification. This means that you would be considered as an “average” policyholder in terms of health – and you would, therefore, be charged the premium rate for your coverage that is in line with someone who is of average health in your age category.
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 guarantee issue policy. With these plans, no medical exam is required as part of the underwriting process. Therefore, those who have certain types of medical conditions are oftentimes still able to qualify.
While the premium cost of guarantee 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. Those who are in excellent health and who have a family health history of excellent health could be deemed as preferred policyholders. This means that the cost of their life insurance coverage is oftentimes lower than those of the Standard, or “average,” insureds.
Where to Obtain Quotes on Life Insurance for People Taking Neurotonin
When looking at life insurance for people who have epilepsy, it is usually best to work with an independent agency that has access to multiple insurance carriers. This way, the agency can often recommend a carrier (or carriers) that are more apt to work with applicants that are taking that particular medication.
What many people may not be aware of is the fact that, even though insurers will all have some way of qualifying their applicants, their criteria is not identical from one to the other. What this means is that you could apply with one carrier and be deemed as a substandard policyholder with a certain premium rate. However, you could apply with another life insurance carrier – with the very same information on your application for coverage – and be deemed as a Standard. Therefore, it pays to shop around before making your final coverage decision.
If you’re ready to compare coverage options, we can help. We work with many of the top life insurance carriers in the industry, and we can assist you along the way. When you’re ready to begin, all you have to do is fill out the form on this page to get your first set of quotes..
Should you have any additional questions regarding life insurance coverage options for those who are taking Neurotonin – or even if you just have a question regarding life insurance in general – please feel free to give us a call. We can be reached directly, toll-free, by dialing 888-229-7522.
We understand that you may have been turned down in the past for coverage – but that doesn’t mean that you have no options for the life insurance protection that you need. So, contact us today – we’re here to help.