Life Insurance for Klonopin 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 Klonopin or its generic form Clonazepam to help treat folks suffering from epilepsy or some other “type” of seizure disorder.

Questions that will be directly addressed will include:

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

Short answer: Yes, probably.

Long answer: It’s going to depend.

You see, what you’re generally going to find is that anytime you’ve been diagnosed with a pre-existing medical condition, the process of applying for life insurance will inevitably become more complicated. The good news is that for folks who have been prescribed Klonopin, you’re not going to find that insurance underwriters are going to “automatically” discriminate against you.  

Still…

You will find that they are definitely going to know a little more about “why” you’ve been prescribed Klonopin before making any decisions about your life insurance application.

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

When it comes to Klonopin, most life insurance companies (if not all) aren’t all that worried about the fact that you’re using Klonopin to manage your seizures, what they’re more worried about is the fact that you suffer from seizures in the first place.

This is mainly because…

At the end of the day, while Klonopin may have some side effects associated with its use that may not be the most comfortable to deal with, few (if any) would be considered “life-threatening” by a life insurance underwriter (excluding possible symptoms of depression).

This is why…

What you’re typically going to find that most life insurance underwriters will direct most of their questions about your underlying pre-existing medical condition rather than your actual Klonopin usage.

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

Before being able to make any decisions about your life insurance application, most (if not all) life insurance underwriters are going to want to ask you a series of questions about your Klonopin usage and exactly what kind of “seizure. ” disorder” you have been diagnosed with. 

This way…

They can get a better idea of what kind of “risk” you will pose to them should they ultimately decide to provide you with an offer of coverage.

Common questions you’ll like be asked may include:

• How old were you when you first suffered from a seizure?
• What “type” of seizures do you suffer from?
• Have you been given a definite diagnosis?
• How frequently do you suffer from seizures?
• When was the last time you suffered from a seizure?
• How many seizures have you suffered from in the last 12 months?
• Is Klonopin the only medication that you are using to treat your seizures?
• In the past 12 months, has your prescription for Klonopin changed at all?
• Have you ever been hospitalized due to a seizure?
• Have you been diagnosed, treated, or suffer from symptoms of depression or anxiety?
• Do you currently hold an active driver’s license?
• Has your driver’s license ever been suspended as a result of your seizures?
• 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 when it comes to what rate one might be expected to pay for a traditional term or whole life insurance policy after being prescribed Klonopin to treat a seizure-related illness, what you’re usually going to find is that provided that you haven’t suffered from a seizure within the past 12 months, you should “theoretically” be eligible for a Preferred rate.

That said, however…

We should remind folks that a Preferred rate is a rate that is typically reserved for only the healthiest amongst us so while an individual who has been diagnosed with a pre-existing medical condition like seizures can theoretically qualify. Assuming that they haven’t had a seizure in the past 12 months, it’s rather unusual for this to occur.

In most cases…

What you will find is that a Standard or Standard Plus rate is much more common. Additionally, for those who have suffered from a seizure within the past 12 months, what we normally like to shoot for is a Standard rating which can frequently be achieved provided that you choose to apply for coverage with the “right” life insurance company right from the start.

Lastly…

There will be those who simply may not be able to qualify for a traditional term or whole life insurance policy due to their pre-existing seizure condition largely because it is considered too “severe” to insure. In cases like these, the applicant will usually not be able to hold down a full-time job, may have lost their ability to drive, and may have applied for or are currently receiving some kind of disability benefit. IN cases like these, we’ll often have to pursue some other type of “alternative” product such as a guaranteed issue life insurance policy or an accidental death policy if the client still wants to pursue coverage. This brings us to the last topic we want to discuss here in this article, which is…

What can I do to help ensure that I get the “best life insurance” for me?

Now there pretty much three things an individual can do to try and improve their chances of qualifying for the “best” life insurance policy that they can. First, they want to make sure that they are working with a true, life insurance professional who has the experience needed to help someone like themselves find the coverage that they need.

Second…

They need to make sure that the agent that they choose also has access to a wide variety of insurance products so that they are “dependent” on the verdict of just one or two different companies.

And lastly…

They need to make sure and be as honest as they possibly can with their life insurance agent so that he or she has all the pertinent facts that they will need to try and determine “which” life insurance company is going to provide you with the best opportunity for success.

The good news is…

That here at IBUSA, we only hire the best, and we work extremely hard at making sure that our agents have access to products from dozens of highly-rated life insurance companies so that when it comes time to helping you find the “best” life insurance company that you can qualify for you don’t have to spend hours and hours searching on your own.

Instead…

We’ll help you simultaneously “shop” dozens of companies instantaneously and allow you to decide which is best for you!  

Now, will we be able to help out everyone who has been prescribed Kolopin?

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.

This way…

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!