Those who are looking for life insurance can often go through the application process and be able to qualify easily. However, if you have certain health issues and / or take various medications, then it may not always be that easy.
Such is the case for many people who have type 2 diabetes and who are taking the medication Precose to help in managing or controlling their blood sugar levels. This is because, in the life insurance company’s eyes, this condition is considered to be a health risk. The good news is, however, that even if you’ve been turned down for coverage in the past, today you have many more options.
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How Can Taking Precose Have an Effect on Your Life Insurance Application?
Precose – also sold under the generic name of Acarbose – is a medication that is used with people who have type 2 diabetes for the control of high blood sugar. This medicine is used in conjunction with proper diet and exercise. Precose is taken by mouth, usually three times per day, at the beginning of each main meal. The amount of the medication’s dosage is based upon an individual’s weight, medical condition, and his or her response to therapy. In order to determine the most effective dosage, the amount of the medication may be either increased or decreased gradually over time.
The control of high blood sugar can help those who have type 2 diabetes to prevent damage to their kidneys, as well as to prevent blindness, nerve issues, the loss of limbs, and the sexual problems that may be associated with this health condition. The control of type 2 diabetes can also help individuals to lessen their risk of having a stroke and / or a heart attack.
Precose works by slowing down the breakdown of carbohydrates, or starch, that a person eats into sugar. This occurs so that the individual’s blood sugar level does not rise as much as it otherwise might following a meal.
This medication may typically be used safely with other medications used by those with type 2 diabetes, such as insulin, metformin, and sulfonylureas such as glipizide because the medications all work in different ways.
For those who have type 2 diabetes and who take Precose for the control or management of this condition, it will be important for life insurance underwriters to know as much as possible before accepting an individual for this type of insurance coverage.
What the Life Insurance Underwriters Will Want to Know
When applying for life insurance, most individuals will need to submit an application for coverage that asks for information regarding their contact information, age, height and weight, smoking status, and overall health condition and history.
Those with health issues such as diabetes, and who take certain types of prescription medication, will often be required to also complete additional, more in-depth questions such as the following:
• When were you initially diagnosed with type 2 diabetes?
• When were you initially prescribed with Precose?
• What was the initial amount of your Precose dosage?
• Has the amount of your Precose dosage changed over time? If so, is this an increase or a decrease in amount?
• How – and how well – is Precose helping to manage or control your type 2 diabetes condition?
• Have you experienced any type of side effects from the taking of Precose?
• If so, what type of side effects have you experienced?
• Are you managing your type 2 diabetes in any other manner, such as via diet and / or exercise programs?
• What are your most recent A1C readings?
• What are your most recent blood sugar levels?
• Have you had any relevant testing done within the past six months?
• Have you been hospitalized within the past 12 months due to your type 2 diabetes condition?
You may, in addition to the questions that you are asked, be required to undergo a medical examination. Here you will meet with a paramedical professional who will take a blood pressure and heart rate reading, as well as a blood and a urine sample which will be tested for various risk factors by the life insurance company.
Those who have type 2 diabetes and who take Precose will also typically be requested to have their medical records reviewed from their primary care physician and / or from any specialist that they may see for their condition.
Once all of your information has been received at the insurance company, the underwriters will then be able to make a clearer determination about your life insurance coverage, as well as about a premium cost for your policy.
How Much Will Your Life Insurance Coverage Cost?
If it is determined that, other than your type 2 diabetes, you are in very good health, then you may be able to obtain a Standard life insurance policy rating. This means that your policy’s premium will be in line with that of an “average” policyholder at the insurance company.
If, however, your health is deemed to be less than average, and then you will likely be placed into a Substandard policy class, and your premium will be higher than that of an average policyholder at the insurer.
Those who are denied for coverage altogether via the medical underwriting standards may still be able to qualify for a no medical exam life insurance policy. Because there is no medical examination involved, those who have certain health issues and who take various medications can often get coverage through these plans – although your premium will be higher.
How to Find the Best Quotes on Life Insurance for People Taking Precose
If you’re seeking life insurance and you’re taking Precose for type 2 diabetes, we can help. We work with many of the top life insurance carriers in the marketplace, and we can point you in the right direction during the application process. When you’re ready to get started, just fill out the short simple form on this page to get a quote started.
Should you have any additional questions, please feel free to contact us directly. You can reach us toll-free by calling 888-229-7522. Today, you have many options available for the coverage that you need. So, contact us now – we’re here to help.