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 Dexamethasone or one of the common brand names which it is sold under, including:
- DexPak 6 day,
- DexPak 10 day,
And Ozurdex to help treat symptoms of inflammation.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Dexamethasone?
- Why do life insurance companies care if I’ve been prescribed Dexamethasone?
- 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 Dexamethasone?
Yes, individuals who have been prescribed Dexamethasone can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, some may even be able to qualify for a no-exam term life insurance policy at a Preferred rate!
The main reason for this is that Dexamethasone isn’t a medication that one would be inclined to use permanently, so there is an excellent chance that an individual may have been prescribed Dexamethasone in the past but is not currently using it.
The other main reason…
Why many folks will be able to qualify for a traditional term or whole life insurance policy after having been prescribed Dexamethasone simply because there are a lot of relatively “minor” pre-existing medical conditions that might “warrant” being prescribed Dexamethasone, this is why most (if not all) life insurance underwriters will pay little, if any, attention to the fact that you have been prescribed Dexamethasone at all!
Which then begs the question…
Why do life insurance companies care if I’ve been prescribed Dexamethasone?
The main reason why life insurance companies will care if you’ve been prescribed Dexamethasone in the past is that while it is true that this medication can and often will be prescribed to help an individual treat minor aliment such as certain skin and eye conditions and reactions to allergies, it can also be used to help folks with more serious medical conditions as well.
Medical conditions such as:
- Blood disorders,
- Hormonal disorders,
- Immune disorders,
- Breathing difficulties,
- Gastrointestinal disorders,
As well as certain cancers.
For this reason…
What you’re likely going to find is that before getting approved for a traditional term or whole life insurance policy, most (if not all) life insurance companies are going to want to have a better understanding of “why” you’ve been prescribed Dexamethasone in the past as well as how “serious” the pre-existing medical condition that has “warranted” it’s prescription.
What kind of information will the insurance companies ask me or be interested in?
- When were you first prescribed Dexamethasone?
- Who prescribed your Dexamethasone? A general practitioner or a specialist?
- Is Dexamethasone the only prescription medication that you are currently taking?
- Have you been diagnosed with any pre-existing medical conditions?
- In the past two years, have you ever needed to be admitted to a hospital?
- If you are still taking your Dexamethasone, do you know when you will be able to stop taking it? Or is this medication likely to be continued for an indefinite time?
- 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?
Now, if you review the questions above, you’ll see that they are essentially designed to help a life insurance underwriter separate any applicant who has been prescribed Dexamethasone into either one of two groups.
First, you have those who…
Have been prescribed Dexamethasone for some kind of “minor” health condition, in which case the fact that they have been prescribed Dexamethasone will likely not play any role in the outcome of their life insurance application. In cases like these, you’ll likely find that the “rate” that an individual would be able to qualify for before being prescribed Dexamethasone will be the same as the rate they would be able to qualify for AFTER having been prescribed Dexamethasone
Now, as for those…
Who have been prescribed Dexamethasone as a way to help treat a symptom of a larger, more serious medical condition, what you’re generally going to find is that the underlying medical condition that warranted the Dexamethasone prescription in the first place will be the primary driving factor in what kind of “rate” that an individual will be able to qualify for.
In situations like these we’ll typically recommend that you check out one of our pre-existing medical condition articles about your specific condition to get a better idea of what kind of rate you might qualify for. This brings us to the last topic: we wanted to take a moment and discuss it 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 professional who will work as an advocate for you. Such an agent who can help guide you through the application process and 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?
Now will we be able to help out everyone who has previously been prescribed Dexasone?
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 so that in the event that 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 explore your options, just give us a call!