Life Insurance for Axid 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 Axid. Or its generic form Nizatidine to treat their either an ulcer or conditions known to cause too much stomach acid such as gastroesophageal reflux disease (GERD).
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Axid?
- Why do life insurance companies care if I’ve been prescribed Axid?
- 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’s dive right in!
Can I qualify for life insurance after I’ve been prescribed Axid?
Yes, in most cases, individuals who have been prescribed Axid can and often will be able to qualify for a traditional term or whole life insurance policy. Now, this does not mean that an insurance company won’t be interested in the fact that you have been prescribed Axid, and this does not mean that they may not have some additional questions for you before making a decision about your life insurance application. It just means that having been prescribed Axid won’t automatically mean that you’re going to be discriminated against.
Why do life insurance companies care if I’ve been prescribed Axid?
Life insurance companies will be interested in the fact that an individual has been prescribed Axid because it is a prescription medication that is designed to help folks reduce the amount of stomach acid that their body produces.
An “overproduction” of stomach acid may not seem like a big deal at first, but when left “unchecked”, it can lead to some pretty significant health issues including:
- Barret’s esophagus,
And even esophageal cancer!
This is why…
Even though having been prescribed Axid isn’t going to affect the outcome of your life insurance application, the life insurance underwriters are still probably going to want to ask you a few questions before they automatically assume that there is nothing to worry about.
What kind of information will the insurance companies ask me or be interested in?
Common questions that you’ll likely be asked about your Axid prescription will typically look something like this:
- Why have you been prescribed Axid?
- Who prescribed your Axid? A general practitioner or a specialist?
- What diagnosis have you received?
- Have you been diagnosed with an ulcer? If so, what type?
- Have you been diagnosed with any other gastrointestinal medical conditions?
- Are you taking any other prescription medications right now?
- Have you ever had to be hospitalized due to your condition?
- In the past 12 months, have any of your prescription medications changed in any way?
- Are you currently working now?
- In the past 12 months, have you applied or received any form of disability benefits?
What rate (or price) can I qualify for?
Now, as we’ve previously stated, for the vast majority of individuals who are simply using Axid as a way to reduce the amount of stomach acid that their body produces naturally, most (if not all) life insurance companies won’t consider this medication an issue.
Most will still consider an individual who is taking Axid as someone who would potentially still be eligible for a Preferred rate. This would include individuals who are also using their Axid to help them treat their ulcers or even Barrett’s esophagus.
Can run into trouble is when either of these conditions goes beyond what a life insurance underwriter would consider a “mild” case. In cases like “those,” what one is likely to find is that they will no longer be eligible for a Preferred rate and may have to settle for either a Standard or even a Table B rate.
This brings us to the last topic that we wanted to take a moment and 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 really 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 before 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 Axid?
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!