Life Insurance for Bactroban 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 being prescribed Bactroban (or its generic form Mupirocin) to treat various skin infections.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Bactroban?
- Why do life insurance companies care if I’ve been prescribed Bactroban?
- 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 Bactroban?
Yes, individuals who have been prescribed Bactroban in the past should still be able to qualify for a traditional term or whole life insurance policy. This is because, unlike many other modern prescription medications, Bactroban really is only used to help folks treat minor skin infections.
Which means that…
When a life insurance underwriter notices that an individual has been prescribed Bactroban, they’re not going to necessarily be all that worried that it might be being used to treat a “serious” pre-existing condition like many other antibiotics can be used for. This is also why many of these individuals may also be able to qualify for No Medical Exam Life Insurance Policy at a Preferred Rate.
Why do life insurance companies care if I’ve been prescribed Bactroban?
What you’re likely to find is that most (if not all) life insurance underwriters aren’t going to be all that concerned with the fact that you have been prescribed Bactroban in the past.
The only reason why they would likely learn about the fact that you have been prescribed Bactroban in the first place is that it will “automatically” appear on a prescription database check, which will likely be ordered once you decide to apply for coverage.
This the fact that a life insurance company would order such a report isn’t really that big of a deal because this is what would be considered standard practice any time one applies for a traditional term or whole life insurance policy. That said, however, if you’re currently taking Bactroban at the time of your life insurance application, it’s possible that you may be asked a few questions about “why” you’ve been prescribed Bactroban prior to a life insurance underwriter deciding your life insurance application.
What kind of information will the insurance companies ask me or be interested in?
If you are currently taking Bactroban at the time of your life insurance application, you may be asked a few questions about “why” you’re taking it so that a life insurance underwriter can feel comfortable about moving forward with your life insurance application.
A life insurance underwriter’s whole job is to “worry” so it’s natural that he or she would want to know things like:
- Why have you been prescribed Bactroban?
- How long have you been taking it?
- When do you anticipate your treatment ending?
- What symptoms are you currently experiencing?
At which point, a life insurance underwriter may choose to move forward with your life insurance application or may choose to “postpone” your application until which point your infection has cleared, and the insurance company can be certain that you are suffering from any linger effects.
What rate (or price) can I qualify for?
Now assuming that your infection has cleared up and that you’re not experiencing any “residual” effects of your infection, one would expect that having had been prescribed Bactroban in the past should not have any effect on the outcome of your life insurance application what so ever.
Or in other words…
If you were able to qualify for a Preferred or Preferred Plus rate class prior to having been prescribed Bactroban, once your infection clears, you should still be able to qualify for such a 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?
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 can 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 Bactroban?
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!