Life Insurance for Nasonex 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 Mometasone Furoate or one of the following brand names:
- Propel Mini,
To treat and/or prevent possible asthma attacks from occurring.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Mometasone Furoate?
- Why do life insurance companies care if I’ve been prescribed Mometasone Furoate?
- 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 Mometasone Furoate?
Here at IBUSA, we’ve found that folks who suffer from Asthma typically fall into one of two different groups. Those who’s asthma is “serious” enough that they can understand why a life insurance company might be interested in the fact that you’ve been diagnosed with it, and those who’s asthma is simply a minor “inconvenience” in which case they can’t understand why they’re being asked so many questions about the fact that they’ve been prescribed a medication that treats for it.
The good news…
Is that in either case, most of the time each of these “types” of individuals suffering from asthma will be able to qualify for a traditional term or whole life insurance policy, its just that in some cases, it may take a “bit” longer to qualify and you might need to apply with several different insurance companies before you get the rate that you’re looking for!
Why do life insurance companies care if I’ve been prescribed Mometasone Furoate?
Life insurance companies are concerned if you’ve been prescribed Mometasone Furoate or one of the common brand names because at the end of the day, they are all used to treat what can be a very serious medical condition for some.
It is believed that each day 11 Americans die each and every day because of asthma and that over the course of a full year, the number of deaths directly related to asthma exceeds 4000! This is why life insurance companies can get a bit nervous about the fact that you have been prescribed a medication that is used to treat for asthma and why they’ll typically want to ask you a few questions about your Mometasone Furoate prescription about the severity of your asthma before they will be willing to proceed with your life insurance application.
What kind of information will the insurance companies ask me or be interested in?
Regardless of what the situation is or what “kind” of pre-existing medical condition that you may have, you can rest assured that if a life insurance company is asking you a question about it, it’s because they want to know what “kind” of risk you may pose to them as an insurer if and when they decide to approve your life insurance application.
For this reason…
Prior to your approval, most (if not all) life insurance companies will typically ask you a series of question that will look something like this:
- How old were you when you were first diagnosed with asthma?
- Who diagnosed your asthma? A general practitioner or a specialist?
- Is Mometasone Furoate (or one of its brand names) the only prescription medications that your using to treat your asthma?
- How often do you take your asthma medication?
- In the past 12 months, have any of your asthma medications changed in any way?
- When was the last time you suffered from an asthma attack?
- In the past 12 months how many asthma attacks have you suffered from?
- Have you ever needed to be hospitalized due to your asthma?
- 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?
In our experiences here at IBUSA, what we have found is that for folks who suffer from a “mild” case of asthma which is usually defined as an asthma case which:
- Only requires one medication (if any) for treatment.
- Has never caused an individual to need to go to the hospital for treatment (exceptions can be made to the word “Never” assuming a reasonable amount of time has passed).
- And there has been no tobacco use within the past 12 months.
It is quite possible that you may be able to qualify for rates ranging from Preferred all the way to Standard or “normal”.
Now as for…
Those who suffer from more serious cases of asthma, it is still quite possible that you may be able to qualify for coverage only now you’ll probably only be able to qualify for a Table Rate, which is a rate that is reserved for “higher risk” applicants.
We can certainly understand why someone might be disappointed to learn that they can only qualify for a “Table Rate” we should point out that there are a lot of different reasons why someone may not be able to qualify for a Standard or better rate, so you shouldn’t take it too personal, and besides, we here at IBUSA work with folks all the time who aren’t able to qualify for a Standard or better rate so we’re really good at finding companies that offer great prices at this “higher risk” categories.
Which brings us to the last topic which 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 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!