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 Lasix or its generic form Furosemide to help treat fluid retention (edema) and swelling which can be caused due to a variety of different pre-existing medical conditions including:
As well as a variety of other medical conditions which may not be considered as serious (or serious at all) as those listed above.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Lasix?
- Why do life insurance companies care if I’ve been prescribed Lasix?
- 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 Lasix?
Yes, individuals who have been prescribed Lasix 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 Preferred Plus! The only problem is that while some folks who have been prescribed Lasix won’t have any trouble at all qualifying for a traditional life insurance policy, others may find it extremely difficult if not impossible!
Why do life insurance companies care if I’ve been prescribed Lasix?
The main reason why a life insurance company would “care” if an individual has been prescribed Lasix is if this is all that they know about that individual. You see, on its own, having been prescribed Lasix isn’t really all that big of a deal because, at the end of the day, Lasix really only treats one thing… edema.
And while…
Suffering from edema certainly isn’t any fun, it’s also more of a “symptom” in many cases than an actual “disease”. And here lies the problem for most life insurance companies because without knowing what is causing one to suffer from edema, it’s basically impossible for an insurance company to know what kind of “risk” you would pose to them should they decide to approve your life insurance application.
This is why, prior to getting approved for coverage, most (if not all) life insurance companies are going to want to ask you a series of medical questions, all designed to learn more about “why” you’ve been prescribed Lasix and just how “serious” this underlying pre-existing medical condition is.
What kind of information will the insurance companies ask me or be interested in?
- When were you first prescribed Lasix?
- Who prescribed your Lasix? A general practitioner or a specialist?
- Why have you been prescribed Lasix?
- How often do you need to take your Lasix?
- Have you been diagnosed with any serious medical conditions, such as any heart, kidney, or liver disease, including diabetes?
- In the last 24 months, have you been admitted to the hospital for any reason?
- What other (if any) prescription medications are you currently taking?
- Have any of the medications that you are taking changed in any way?
- 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?
Basically, what we have found is that if an individual has been prescribed Lasix to help them treat an occasional bought of edema, one might normally experience an absent and kind of “official” diagnosis; in most cases, it will not be used as a discriminatory factor in the outcome of their life insurance application.
For example…
If you’re someone who might experience swelling of the feet and legs when forced to sit for a long time, such as one might have to do when taking a long flight somewhere, using Lasix to avoid this or minimize the effects of this is not something that a life insurance underwriter is going to be all that concerned about.
This is why, folks who are using Lasix in this manner, you’re generally going to find that whatever “rate” you would have been able to qualify for PRIOR to being prescribed Lasix will be the same “rate” that you would be able to qualify for AFTER you’ve been prescribed Lasix.
Now for those…
Who aren’t using their Lasix to avoid the occasional bout of edema and are instead using it to help alleviate symptoms associated with a more serious medical condition like heart, liver, or kidney disease, the fact that you have been prescribed Lasix isn’t going to be the most important factor in the outcome of your life insurance application. Instead, it will be the severity of the condition being treated and how well your treatment is progressing.
In cases like these…
What you’re generally going to find is that you’re definitely going to want to make sure that you’re working with a true life insurance professional who is not only very familiar with your pre-existing medical condition but also has plenty of options to choose from when trying to determine “which” life insurance company might be the “best” for you. This brings 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 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.
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!
