Topamax is a prescription medication that is commonly used for the treatment of seizures. Over the past several years, the drug has also been used with patients for the prevention of migraine headaches.
Affect on Application: Possibly Significant
Best Possible Coverage Outcome: Preferred
Worst Possible Coverage Outcome: Table B or Declination
Primary Determining Factor: When applying for life insurance for those who take Topamax, the primary determining factor when reviewing the application will be the severity of the applicant’s condition. For example, the underwriters will review and consider various factors such as whether or not the applicant has been hospitalized for his or her condition, as well as what type of physician prescribed the medication. In addition, the applicant’s work history will also be reviewed if applicable.
Another important criteria for determining whether the applicant will be approved for coverage is the insurance carrier that is chosen. This is because different insurance companies can – and often do – underwrite somewhat differently. Therefore, it is important to work with an agency that specializes in working with applicants who may be considered as “higher risk” cases.
Getting A Quote
When providing quotes for life insurance, companies will often give rate information for those who are in great health. This is because these individuals will typically be given the lowest possible premium rates.
Unfortunately, for one reason or another, not everyone will qualify for the best premiums. This doesn’t necessarily mean that you are in poor health. In fact, it could simply be due to a particular prescription medication that you take or that you have a certain preexisting condition. So, what are you supposed to do in this situation?
The good news is that you still have options – and in many instances, you will have a variety of coverage choices. The only difference is that you will likely need to work with an expert in the field who can help to find you the coverage that you require.
Life Coverage for Those Who Take Topamax
Just like most other products and services, there is a great deal of competition out there for insurance companies. So, with that in mind, insurers will typically look for certain market segments to focus on in order to be more competitive in a particular area or population.
In many ways, you can make this work to your advantage. But, in order to do so, you must work with an agency that does not work with just one insurer. This way, the agency can “shop” your application to many different carriers in order to obtain policy comparisons – as well as premium quotes – in order to determine which will truly be best for you and your coverage needs.
As an example, let’s take a closer look at an applicant who currently takes the prescription medication Topamax and who is applying for coverage. Topamax, or topiramate, is considered to be an anticonvulsant, and it is used primarily for treating seizures in both adults and children (who are at least two years of age). The medication is also now being used as a preventative for migraine headaches.
Because this drug can be used for a variety of different circumstances, it is essential that each applicant’s health history is very carefully examined by the underwriters. This is because an applicant who takes Topamax for the prevention of migraines may be able to obtain a standard – or even a preferred – rating, provided that they are in otherwise excellent health, whereas an individual who takes the medication for more severe epileptic conditions will likely not be able to secure such a high life insurance rating – or even be able to obtain coverage at all.
There are several key factors that the life underwriters will consider when reviewing the application of someone who takes Topamax. These will include the following:
- When the applicant was initially diagnosed with his or her condition.
- The applicant’s current health condition.
- The amount of life insurance coverage that the applicant is seeking.
How and Where to Buy Life Insurance
Buying life insurance while taking Topamax doesn’t have to be difficult – provided that you work with a company that knows how to help you move through the application process. When you’re ready to move forward, we can help. In doing so, we will assist you with:
- Obtaining the right type of coverage for your specific needs
- Determining the appropriate amount of benefit
- Finding the carrier that will offer you the best premium rate
We work with many of the top life insurance carriers in the market place today. So, when you’re ready to begin the application process, simply fill out the form on this page, or call us directly, toll-free, at 888-229-7522 and see how we can help.