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Life Insurance for Boniva (Ibandronic Acid) Users. Everything You Need to Know at a Glance!


In this article, we wanted to take a moment and try and answer some of the most common questions we get from folks applying for life insurance after they have been prescribed Boniva or its generic form Ibandronic acid to help treat and/or prevent osteoporosis.

Questions that will be directly addressed will include:

  • Can I qualify for life insurance after I’ve been prescribed Boniva?
  • Why do life insurance companies care if I’ve been prescribed Boniva?
  • 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 Boniva?

Yes, individuals who have been prescribed Boniva in the past or who are currently taking Boniva presently can and often will be able to qualify for a traditional term or whole life insurance policy.  Now this is primarily because Boniva is considered a relatively safe medication that is only used to help those who have been diagnosed with osteoporosis.

Why do life insurance companies care if I’ve been prescribed Boniva?

Insurance companies are interested in the fact that an individual may have been prescribed Boniva because it gives them a “road map” as to what questions they should ask next with regards to your overall health.

You see…

While most individuals who have been prescribed Boniva will be able to qualify for a traditional term or whole life insurance policy, the “rate” that they may be able to qualify for can vary significantly from one applicant to the next.  This is why, prior to a life insurance underwriter making any kind of decision about your life insurance application, he or she is very likely to ask you a series of questions all designed to learn more about your osteoporosis and how well Boniva is working to manage it.

What kind of information will the insurance companies ask me or be interested in?

  • When were you first prescribed Boniva?
  • Who prescribed it to you? A general practitioner or a specialist?
  • Is Boniva the only prescription medication that you’re using to treat your osteoporosis?
  • How often do you take your Boniva?
  • What symptoms (if any) lead to your osteoporosis diagnosis?
  • Have you suffered from any falls or broken bones within the past 12 months?
  • Have you had a bone density test performed? If so, what were the results?
  • Has Boniva helped you reduce your bone loss?
  • In the past 12 months, has your Boniva or any other prescription medication that your using to treat your osteoporosis changed in any way?
  • 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?

When it comes time to determining what kind of rate an individual who is taking Boniva will be able to qualify for, there are a lot of variables that can come into play as well as a lot of “subjectivity” when it comes to an individual underwriter.

This is because…

Well managed or “mild” cases of osteoporosis can and often will be able to qualify for a Preferred rate while more “serious” cases may only be able to qualify for “sub-standard” or more expensive rates.  The problem then becomes trying to determine which cases will be considered “mild” and which ones won’t.

And while…

There may be some cases where an individual has suffered from multiple falls and/or broken bones which will certainly affect the outcome of one’s life insurance application, other cases just are so “cut and dry”.  This is why, in cases like these, we here at IBUSA will often have a couple of different life insurance companies review your case prior to actually submitting your life insurance application to any once carrier.

This way…

We can get a general idea about what kind of “rate” they will likely approve you at prior to going through the entire process of applying for coverage.

Which brings us the last topic that we wanted to take a moment and discuss here today 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 profession 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.

From there…

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?

Lastly…

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”

So, what are you waiting for?  Give us a call today and see what we can do for you!

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