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Life Insurance for Budesonide (Plumicort) Users. Everything You Need to Know at a Glance!

Life Insurance for Plumicort users.

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 Budesonide or one of the common brand names including:

  • Entocort,
  • Plumicort,
  • Rhinocort Aqua,
  • Uceris.

To treat a wide variety of pre-existing medical conditions including Crohn’s disease and ulcerative colitis when taken orally, and as a preventative medication for asthma sufferers when inhaled.

Questions that will be directly addressed will include:

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

Yes, people who have been prescribed Budesonide can and often will be able to qualify for a traditional term or whole life insurance policy, the only problem is that because Budesonide is a prescription medication that can be used to treat a wide variety of medical conditions, it’s also quite possible that someone who has bene prescribed Budesonide won’t be able to qualify.

This is why…

One of the first things that we here at IBUSA need to know once it becomes clear that an individual has been prescribed Budesonide is “why”!

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

Life insurance companies “care” if an individual has been prescribed Budesonide because all three of the pre-existing medical conditions which it is commonly used to treat can be quite serious for some.  The good news is, that if this doesn’t seem to make much sense to you, it’s probably because your condition would most likely be classified as a “mild” one in which case you’re probably not going to have all that much to worry about.

However…

If it makes complete sense to you why a life insurance company might want to know more about “why” you’ve been prescribed Budesonide then it’s probably not going to surprise you all that much that most (if not all) life insurance underwriters are going to want to ask you a series of questions about your Budesonide prescription and the underlying medical condition which it is treating prior to them making any kind of “decisions” about your life insurance application.

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

Common questions you’ll likely be asked once a life insurance underwriter learns that you’ve been prescribed Budesonide in the past will likely include questions such as:

  • When where you first prescribed Budesonide?
  • Who prescribed your Budesonide? A general practitioner or a gastrointestinal specialist?
  • Why have you been prescribed Budesonide?
  • Have you been diagnosed with Crohn’s Disease?
    • If so…
      • What symptoms led to your diagnosis?
      • Are you taking any other medications aside from Budesonide to help you manage/treat your Crohn’s disease?
      • Have you ever required surgery to treat your Crohn’s disease? Or has surgery been recommended?
      • In the past 12 months, have any of your Crohn’s disease medications changed in any way?
      • What symptoms do you currently suffer from?
      • How well is your treatment working?
      • Have you ever been hospitalized due to your condition?
      • Have you been screened for colon/rectal cancer?
    • Have you been diagnosed with Ulcerative Colitis?
      • If so…
        • What symptoms led to your diagnosis?
        • Are you taking any other medications aside from Budesonide to help you manage/treat your Ulcerative Colitis?
        • Have you ever required surgery to treat your Crohn’s disease? Or has surgery been recommended?
        • In the past 12 months, have any of your Ulcerative Colitis medications changed in any way?
        • What symptoms do you currently suffer from?
        • How well is your treatment working?
        • Have you ever been hospitalized due to your condition?
        • Have you been screened for colon/rectal cancer?
      • Have you been diagnosed with Asthma?
        • If so…
          • When were you first diagnosed with Asthma?
          • Is Budesonide the only medication that your using to treat your Budesonide?
          • In the past 12 months, have any of your Asthma medications changed in any way?
          • When was the last time that you suffered from a asthma attack?
          • In the past 12 months, how many asthma attacks have you suffered from?
          • Have you ever been hospitalized due to an asthma attack?
        • 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?

What you’re going to generally find with each of these three medical conditions is that provided that your case is considered a “mild” one, most (but not all) life insurance companies will still consider an individual “eligible” for a preferred rate when applying for coverage.

The problem is…

Knowing exactly what constitutes a “mild” case is difficult for each of the three conditions which Budesonide treats and getting an actual life insurance underwriter to tell you is simply next to impossible.

This is why…

If you have been prescribed Budesonide in the past, you’re going to want to make sure that you definitely “shop” around a bit prior to actually submitting your life insurance application to any one insurance company.  This way, you can get a general “feel” about how a life insurance company may “view” your life insurance application before you actually go through the entire process of applying.

Because…

The truth is, while some individuals may be able to qualify for a Preferred rate, the vast majority of individuals won’t which means that you’re definitely going to want to make sure you know “which” life insurance company is going to provide you with the “best” opportunity for success prior to applying.

Which bring 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?

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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