Life Insurance for Flovent HFA 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 Flovent HFA, Flonase or its generic form Fluticasone Propionate to help treat symptoms associated with:
And/or in the treatment of nasal polyps.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Flovent HFA?
- Why do life insurance companies care if I’ve been prescribed Flovent HFA?
- 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 Flovent HFA?
Yes, individuals who have been prescribed Flovent can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, some applicants may even be able to qualify for a Preferred Plus rate class!
The problem is…
That because Flovent HFA is used to treat so many different pre-existing medical conditions and because each of these conditions can vary so significantly from one patient to the next, most (if not all) life insurance underwriters are going to want to know more about “why” an individual has been prescribed Flovent and whether that underlying medical condition is one in which they should worry about.
Why do life insurance companies care if I’ve been prescribed Flovent HFA?
The main reason why most life insurance underwriters are going to “care” if you been prescribed Flovent is because it can be used to treat some rather serious medical conditions including chronic obstructive pulmonary disease and asthma.
There may be several of you out there that are thinking to yourself that your COPD or Asthma isn’t all that serious, we can assure you that for every one or two people that think that way, there are another 3 or 4 who completely understand “why” a life insurance company would want to know more about their “situation” prior to agreeing to approve their application.
This is why…
Regardless of how “severe” your condition might be, we here at IBUSA like to prepare our clients to be ready to answer a few questions about their Flovent prescription and about the underlying pre-existing medical condition 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 may include:
- When were you first prescribed Flovent HFA?
- Who prescribed your Flovent HFA? A general practitioner or a specialist?
- Why were you originally prescribed Flovent HFA?
- Is Flovent HFA the only prescription medication that you’re currently taking?
- In the past 12 months, have any of the prescription medications that your taking changed in any way?
- Has the underlying condition which has warranted your Flovent prescription caused you to have to be admitted into a hospital in the last 2 years?
- When was the last time that you suffered from a symptom related to the underlying pre-existing medical condition which has warranted your Flovent prescription?
- In the past 12 months, have you used any form of 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?
Now for most, the questions listed above might seem a bit “extreme” because in their situation, their Flovent HFA prescription is simply something that they used to manage their occasional symptoms that they experience due to their Asthma, hay fever or mild COPD.
In cases like these…
What you’re likely going to find is that there is a “reasonable” chance that you might be able to qualify for a Standard or better rate including a Preferred rate assuming that your Flovent HFA prescription is successfully managing your condition and that you have no other health issues to speak of.
That said however…
There will be another “larger” group who may not be using their Flovent HFA to treat “minor” or “mild” symptoms and may have actually needed to be hospitalized on occasion to help them treat or manage their condition. In cases like these, what you’ll commonly find is that a Standard rate would probably be the “best” an individual would be able to qualify for, or they may have to settle for a “sub-standard” or “higher risk” category.
If this describes you, don’t fret! Not being able to qualify for a Standard or better rate isn’t the end of the world, it’s just going to mean that you’re going to need to be more “selective” with which life insurance company you do choose to apply with so that you can insure yourself that you do end up qualifying for the best possible “rate” at the best possible “price”.
That said however…
We would be remiss if we didn’t mention that the advice that we’ve stated so far hinges on the fact that you have not used any kind of tobacco or nicotine products with in the past 12 months because if you have, well all we can tell you is that most (if not all) life insurance companies aren’t going to be too thrilled to insure someone that suffers from a respiratory medical condition while simultaneously using a tobacco related product.
Which 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?
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.
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”
So, what are you waiting for? Give us a call today and see what we can do for you!