Life Insurance for Amoxicillin users.
In this article, we wanted to take a moment and answer some of the most common questions we get from folks applying for life insurance after they have been prescribed Amoxil (or its generic form Amoxicillin) to treat an infection or in some cases a stomach ulcer.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Amoxil?
- Why do life insurance companies care if I’ve been prescribed Amoxil?
- 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 Amoxil?
As a general rule of thumb, what we have here at IBUSA is that insurance companies can tend to get a bit “nervous” about insuring someone who is currently using Amoxil to treat an infection or ulcer inflammation.
Once the need for taking Amoxil has resolved itself, most (if not all) of the best life insurance companies will no longer consider Amoxil a factor in determining whether or not an individual will be able to qualify for a traditional term or whole life insurance policy. In fact, depending on “why” someone has been prescribed Amoxil, some folks may even be able to qualify for a no medical exam life insurance policy at a Preferred rate!
Why do life insurance companies care if I’ve been prescribed Amoxil?
Generally, insurance companies are only interested if an individual is currently taking Amoxil at the time of their application because they don’t necessarily want to make any underwriting decisions when an individual is actively fighting off an infection.
The same could be said for…
Those who may have some other “kind” of treatment currently going on or are expecting to have some “type” of surgery planned soon.
Now we don’t…
Want to imply that an insurance company is necessarily worried that something might happen to an applicant, it’s just that for most life insurance companies, if someone is currently receiving treatment or has a surgery planned within the next couple of weeks, most will prefer to “postpone” your application until after treatment/surgery is over.
In the case…
Of those fighting off an infection, they may choose to start the underwriting process of your life insurance application but choose to hold off on a decision until which time your infection has fully resolved itself.
Where we can…
Run into trouble is when there appears to be a lengthy history of an individual frequently needing to take Amoxil or some other type of antibiotic which could be indicative of some other larger issue that may be affecting an applicant’s natural immune system which is something that would cause concern for any life insurance company.
This is why…
It’s not uncommon for some life insurance companies to ask a few additional questions during the underwriting process of applicants who are currently taking Amoxil or seem to have a history of being prescribed antibiotics rather frequently.
What kind of information will the insurance companies ask me or be interested in?
Life insurance companies are going to want to be able to answer three questions with regards to your Amoxil prescription before they will be willing to offer you a life insurance policy and those questions are:
- Why have you been prescribed Amoxil?
- Did taking it work?
- And is there any reason to suspect that your need for Amoxil is somehow related to some other chronic or more serious medical condition?
Now, much of the information that they will need to answer these questions will be available within a “prescription medication database” report, which most (if not all) life insurance companies will order when applying for a fully underwritten or simplified issue term or whole life insurance policy. At the same time, the rest will usually be asked of you directly.
In the way of questions which will looks something like this:
- Why were you prescribed Amoxil?
- Are you still taking Amoxil? Or any other antibiotics?
- Who prescribed your Amoxil? A general practitioner or a specialist?
- Have you been diagnosed with ulcers?
- If you have, what “kind” of ulcers do you suffer from?
- What symptoms do you suffer from as a result of your ulcers?
- Have you ever been hospitalized as a result of your ulcers?
- Are you taking any other prescription medications to help you treat your ulcers.
- Aside from the infection (or ulcers) which required your Amoxil prescription, have you been diagnosed with any other pre-existing medical conditions?
- 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?
Here at IBUSA, we pretty much assume that anyone who has simply been given Amoxil to treat a simple infection or perhaps prescribed it to treat a “major” ulcer flareup once or twice will “usually” still be considered eligible for a Preferred rate provided that there doesn’t seem to be an ongoing trend requiring its usage.
That said however…
We should point out that just about every life insurance company out there is going to have their own unique set of rules and guidelines for determining who they will and won’t insure.
This is why…
It’s important to always look at the “big picture” when it comes time to determine which life insurance company might be the “best” for you because it’s entirely possible that while you may be thinking that your Amoxil prescription is your only major concern when it comes time to apply for coverage, something as silly as where you plan on taking your next vacation could actually be much more relevant to what “rate” you may be able to qualify for.
This brings us to the last 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?
Because life insurance companies tend to use a lot of “random” factors in determining who the will and won’t insure, and at what price, we here at IBUSA have found that the “best” way for us to be able to ensure that our clients are able to find the “best” life insurance policy that they can qualify for is to be sure to know our STUFF and offer a TON of options.
By only employing true life insurance professionals who have tons of experience helping folks with all sorts of pre-existing medical conditions and then providing them with tons of options to offer their clients, we here at IBUSA truly do offer a one-stop-shop for folks looking to protect their family.
Now, will we be able to help out everyone who has been prescribed Amoxil?
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!