Life Insurance for Caduet 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 Caduet (or its generic form which consists of a mixture of two different medications Amlodipine and Atorvastatin) to help one treat their hypertension and Angina (chest pain).
Caduet has also been found to help individual lower their cholesterol levels and also prevent or reduce one’s risk of suffering from:
In addition to a wide variety of other heart and blood vessel diseases.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Caduet?
- Why do life insurance companies care if I’ve been prescribed Caduet?
- 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 Caduet?
Because Caduet is a prescription medication that is used to treat a wide variety of medical conditions each of which can “potentially” qualify for a traditional term or whole life insurance policy, one can and should be able to reasonably assume that if one has been prescribed Caduet in the past, they too should be “potentially” able to qualify for coverage as well.
And the truth is…
The vast majority of individuals who have been prescribed Caduet in the past will be able to qualify for coverage; the only problem is that in some cases, being able to do so may take a “bit” more work, or be a bit more challenging!
Why do life insurance companies care if I’ve been prescribed Caduet?
Most top-rated life insurance companies are going to “care” if an individual has been prescribed Caduet because knowing this fact will provide a life insurance underwriter with a “road map” as to what questionst they should ask the applicant about before making any decisions about their life insurance application.
This is because…
While it is true that a lot of folks who have been prescribed Caduet can and will be able to qualify for a traditional term or whole life insurance policy, it’s also fair to say that a pretty big “chunk” of the population who has been prescribed Caduet won’t! Or, at the very least, a pretty significant “chunk” isn’t going to be able to qualify for a Standard or “better” rate.
This is why…
Prior to making any kind of decisions about your life insurance application, you’re going to find that most (if not all) life insurance companies are going to want to ask you a series of questions about your Caduet prescription about the underlying pre-existing medical condition with which it is being used to treat.
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked about your Caduet prescription may include:
- When were you first prescribed Caduet?
- Who prescribed your Caduet medication? A general practitioner or a cardiologist?
- Why have you been prescribed Caduet?
- Was it to lower your blood pressure (hypertension)?
- If so, has it been working?
- Was it to treat or lower your cholesterol?
- If so, has it been working?
- Was it to treat Angina?
- If so:
- At what age did you first experience your Angina?
- What kind of Angina have you been diagnosed with?
- Prinzmetal or Variant?
- Stable or Angina Pectoris?
- Have you ever suffered from a heart attack?
- Have you ever had an angiograph taken? If so, what were the results?
- Are you taking any other prescription medications to treat this “underlying medical condition”?
- Have you ever suffered from a heart attack, stroke, or been diagnosed with any other “cardiovascular” condition?
- In the past 12 months, have any of your prescription medications changed in any way?
- In the past 12 months, have you used any tobacco or nicotine products?
- 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?
This is a tough question to answer because the truth is, if you’re simply using your Caduet to lower your blood pressure and/or cholesterol levels, in theory, you still ought to be able to qualify for a Preferred rate when applying assuming that you haven’t suffered from a heart attack or stroke or have any other pre-existing medical conditions.
Which as you…
Can see will probably represent a large percentage of the individuals who do get prescribed Caduet, but certainly not everyone! Particularly those who have been prescribed Caduet help them manage their Angina.
For these folks…
We typically find that depending on what “kind” of Angina, they suffer from and at what age they first were diagnosed with can significantly affect the overall outcome of their life insurance application. And while we would love to provide you with specific details, there are so many different variables that can come into play; it’s really next to impossible to know for sure what “Rate” an individual might be able to qualify for without knowing the specifics of one’s situation.
What we can tell you though…
Is that if you’ve been diagnosed with Angina before age 40, qualifying for a traditional term or whole life insurance policy will become much more complicated than had you been diagnosed after age 40.
And if your…
Angina is currently considered “unstable” you will also have a much more difficult time finding a life insurance company willing to approve your life insurance application.
On the flip side though…
If you were diagnosed with Angina after age 40, have a normal angiography result, and you haven’t suffered from a heart attack or stroke not only should you have a decent chance at qualifying for a traditional term or whole life insurance policy, you may even be able to qualify for a Preferred rate!
As you can see, Caduet is one of those “kinds” of medications that will inevitably complicate one’s life insurance application process (from a life insurance agent/underwriter’s point of view), it doesn’t automatically mean that you aren’t going to be able to qualify for a great rate! It just means that you’re going to need to be more careful with whom you decide to apply for coverage so that they can provide you with the “best” opportunity for success.
This brings us to the last topic that we wanted to discuss, 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 prior to 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 Caudet?
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!