When appealing for life insurance coverage, there are numerous criteria that are reviewed by the insurer’s underwriters.
Typically, health and health history make up a big part of this – due mainly to the fact that poor health can have such an impact on a person’s overall life expectancy.
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There are other factors that are also reviewed. One such criterion is the medications that a person might be using. That is because medications can sometimes have harmful side effects that could also play a part in someone’s health and / or even their life expectancy. One such medication that can play a role in the outcome of a life insurance application is Valium.
How Taking Valium Can Affect One’s Life Insurance Application
Taking Valium can potentially have a significant impact on a person’s insurance application. Just how much of an effect will be determined by several factors. These can include the type of anxiety that is being treated with it, and also whether or not the candidate has lately been hospitalized for their situation. In addition, the applicant’s work history will also typically be considered.
Valium is a prescription medicine that is used primarily for the therapy of anxiety disorders. It has also been used in treating muscle spasms, as well as for alcohol withdrawal symptoms and for the treatment of seizures.
This medication can have a variety of side effects, including confusion, unusual risk-taking behavior, hyperactivity, loss of coordination, and weak or shallow breathing. It can also have certain harmful effects if taken with other medications. Therefore, life insurance underwriters look closely at a variety of factors if an applicant for coverage is taking valium – and this medication can have an effect on one’s coverage outcome.
In some cases, provided that an individual is otherwise in excellent health, he or she could be qualified as a preferred policyholder. In other cases, however, if their health is poor, they could run the risk of being declined. Therefore, while the medication that you take can hold an influence on the application, other factors such as overall health and life expectancy also represent a big part in the underwriters’ decision.
Which insurance carrier is applied through can also make a big difference in whether or not you are accepted for coverage, as well as which category your policy is placed into if you are. What many people are not aware of is that not every life insurance firm will underwrite their applicants in an equal manner.
What this implies is that an applicant who takes Valium could essentially apply with one insurance carrier and be accepted as a substandard policyholder paying a particular premium rate. The same person could apply at another insurance company – with the very same health criteria and medications taken – and be allowed as a Standard policyholder, being charged a lower amount of premium. With this in mind, it certainly pays to do some comparison shopping before making a final determination regarding which policy and insurance carrier will be the top option for you and your particular coverage requirements.
One of the greatest ways to ensure that you obtain the coverage that is appropriate for you and your needs is to work with a business or agency works with multiple different insurance organizations. If you do this, the “shopping” has already been done for you. Often, working with the right company can also help you to know which carrier or carriers are more apt to underwrite individuals who are taking medications such as Valium. This can, in turn, preserve you a huge plethora of time in the request process so that you don’t need to go from one insurer to the next on your own.
What the Life Insurance Company’s Underwriters Will Want to Know
When trying to apply for life insurance, the basic application for coverage will typically not provide enough information for the underwriters to make an informed decision on an individual who is taking valium. Therefore, additional information will usually be required. An applicant who is taking valium will oftentimes be required to answer some or maybe even all of the following medication and health-related questions:
- When was the initial time you were prescribed valium?
- What kind of a medical expert prescribed you? (i.e., your primary care physician or a specialist)
- What was the original dosage that you were prescribed with?
- Has the quantity of your dosage varied over time?
- How, and how well, has valium helped you to handle and / or control your condition’s traits?
- Have you experienced any side effects?
- Are you watching your condition in any other ways, such as diet or physical activity?
- Have you been hospitalized over the past 12 months due to your medical condition?
- Have you had any testing related to your medical situation conducted over the past six months?
Most applicants for traditional life insurance coverage will be asked to undergo a medical exam. This exam will be conducted by a paramedical expert, or “paramed,” who will get a urine and blood sample. They will also get a blood pressure and a heart rate reading in hopes to get a sounder look at the applicant’s overall health condition.
It is likely that with someone who is taking valium, the life insurer will want to review copies of his or her medical records from the primary care physician, a medical specialist, or from both, in order to also obtain a clearer picture of their health.
Once all of the health-related data has been received by the insurance carrier, it can be evaluated and a determination may be made about the applicant’s coverage, as well as about a premium rate.
How Much Will Coverage Cost If You Take Valium
The expense of life protection coverage for someone taking valium can deviate a great deal. This is because it will be determined based upon the individual’s overall health factors as well as by the dosage of the medication, and how well the medication is controlling the condition that is was prescribed for.
In the best case scenario, provided that the applicant is in excellent health – with a family history of great health – there is a possibility of obtaining either a Preferred or a Standard Plus rating. This indicates that the price of the life insurance coverage would be lower than a Standard, or average individual.
If the candidate is recognized to be more of average well-being – even with taking valium for his or her condition, then their policy would instead likely be deemed as a Standard. In this case, the premium would be more in line with an average policyholder who was in the insured’s same age category.
Should the individual’s health be less than average – yet, not bad enough to be refused coverage completely – then they would likely be placed as a substandard policyholder. Here, the cost of the premium would be greater than that of an average, or Standard, policyholder.
Should it happen that an applicant is denied for coverage on a traditionally, or medically, underwritten insurance plan, there is still another option for getting the protection that they need. This is through a guarantee issue policy. With this option, there is not a medical exam needed for underwriting objectives. Because of this, many individuals who have particular sorts of health problems are still able to qualify. Although the premiums on guarantee issue life insurance policies are typically higher than those on regular life insurance plans, they can produce a means to get needed coverage.
How and Where to Get Quotes on Life Insurance
When shopping for life insurance for people taking valium, you should work with an independent agency that can work with multiple insurers – this is the best option. We can help you to locate the best insurer for your needs because we do business with the top insurance carriers in the country. We will get you all the info and details you need so you can make a quick, convenient decision. You won’t even have to meet an agent in person – you can do everything from the comfort of your home on your computer. Whenever you are ready to get the ball rolling with this process, we are ready to help you. Just fill out the form on this page to get your first set of quotes.
If you have any more questions regarding life insurance in general or specific questions about obtaining life insurance with your condition – all you have to do is give us a call. We can be reached at 888-229-7522, toll-free.
We know that buying life insurance while taking any kind of medication can seem somewhat overwhelming. You may not be sure that you can qualify – but the great thing is that you do have many options. We can advise you to find the security that you need. So, talk with us today – we’re here to help.