Life Insurance for Amitriptyline users.
In this article, we wanted to take a moment to try and answer some of the most common questions we get from folks applying for life insurance after they have been prescribed Amitriptyline or any one of the brand names that is commonly sold under including:
To treat depression or symptoms of depression.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Amitriptyline?
- Why do life insurance companies care if I’ve been prescribed Amitriptyline?
- What kind of information will the insurance companies ask me or be interested in?
- What rate (or price) can I qualify for?
- What can I do to help ensure that I get the “best life insurance” for me?
So, without further ado, let’ dive right in!
Can I qualify for life insurance after I’ve been prescribed Amitriptyline?
Any time you’re dealing with a medication that is used to treat a complicated medical condition like depression, you can be sure that it’s going to be just about next to impossible to give definitive answers when it comes to predicting what a life insurance underwriter may or may not do.
That said, however…
What we can tell you is that Amitriptyline is NOT a medication that will automatically cause most top-rated life insurance companies to deny your application. So, technically, having been prescribed Amitriptyline should not necessarily affect the outcome of your life insurance application.
This is why…
Some may even be able to qualify for a no medical exam life insurance policy as well!
What will potentially…
Affect the outcome of your life insurance application is the “reason” why you’ve been prescribed Amitriptyline and how “serious” this condition is. This is why most insurance companies are going to use the fact that you’ve been prescribed Amitriptyline as a “road map” for what questions they should ask you before moving forward with your application.
Why do life insurance companies care if I’ve been prescribed Amitriptyline?
The main reason a life insurance company would be interested in the fact that you’ve been prescribed Amitriptyline is because it is a medication that is primarily used to treat folks suffering from depression symptoms.
A pre-existing medical condition can vary significantly from one patient to the next. This is why most (if not all) life insurance underwriters are going to want to use the fact that you have been prescribed Amitriptyline as an “outline” or a “roadmap” to guide them on what kind of questions they will need to ask to make sure that you are an “acceptable” risk to their company.
What kind of information will the insurance companies ask me or be interested in?
Insurance companies are going to want to answer two main questions before insuring anyone who has been prescribed Amitriptyline in the past. The first question that they’re going to ask is “why” have you been prescribed Amitriptyline, and the second question they are going to seek is…
“How serious is the condition being treated?”
To accomplish these two goals, most (if not all) life insurance companies are going to ask you a series of questions that will look something like this:
- Why have you been prescribed Amitriptyline?
- Who prescribed your Amitriptyline? A general practitioner or a psychiatrist?
- Have you been given a “definitive diagnosis”? Or are you simply using your Amitriptyline to treat symptoms associated with general depression?
- Are you taking any other prescription medications also to treat your depression?
- When were you prescribed Amitriptyline?
- How often do you take your Amitriptyline?
- How well is it working?
- In the past 12 months, have any of your depression medications changed in any way?
- Have you ever been hospitalized due to your condition?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
What rate (or price) can I qualify for?
Ironically, despite how serious some of these questions may seem, the truth is many life insurance companies out there will be willing to insure an individual who has been prescribed Amitriptyline treat their depression.
There are several life insurance companies out there that may even be willing to insure an individual at a Preferred rate provided that their depression is a mild one and that they would otherwise be eligible for such an “elite” rate.
And here lies…
The dilemma that a lot of individuals who have been diagnosed with a pre-existing medical condition like depression often find themselves in. You see, while it is true that many life insurance companies will be willing to provide coverage to an individual who has been prescribed Amitriptyline in the past or have been diagnosed with depression, not that many of them will be willing to offer a Preferred rate.
Not all of the insurance companies out there will even be willing to offer a Standard rate either! This is because, when it comes to determining who an insurance company will be willing to insure and who they won’t insure, each life insurance company is “free” to make up their own rules and regulations. The trick then is to know “which” life insurance company is going to provide you with the greatest opportunity for success.
This brings us to the final topic that we wanted to discuss here in this article, which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experience here at IBUSA, what we have found that works best for folks who have been diagnosed with a pre-existing medical condition where the “severity” of the condition is often “subjective” is for the applicant to make sure that they first find a true-life insurance professional who will work as an advocate for you.
Such an agent…
Will not only help guide you through the application process but also be perfectly “frank” with you about what options may or may not be possible for you.
You’ll also want to make sure that the very same agent you have chosen has access to dozens of different life insurance companies because after all, it doesn’t matter how “great” of a life insurance agent you might have if they don’t have access to the “best” life insurance policy for you! Now, does it?
You’ll want to make sure that you’re completely honest with your life insurance agent prior to applying for coverage. By doing so, you will be helping him or her narrow down what options might be the “best.”
Now, will we be able to help out everyone who has been prescribed Amitriptyline?
No, probably not. But what we can tell you is that in addition to offering a wide variety of different term and whole life insurance policies, IBUSA has also worked very hard to establish relationships with many of the Best Final Expense Insurance Companies as well.
If someone isn’t able to qualify for a traditional life insurance policy, chances are there may be some other “type” of product that you CAN qualify for.
So, if you’re ready to see what options might be available to you, just give us a call!