Life Insurance for Morphine 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 Morphine or one of the common brand names it is sold under including:

• Arymo ER,
• Astramorph-PF

Or MorphaBond ER to help treat moderate to severe pain.

Questions that will be directly addressed will include:

• Can I qualify for life insurance after I’ve been prescribed Morphine?
• What rate (or price) can I qualify for?
• Why do life insurance companies care if I’ve been prescribed Morphine?
• What kind of information will the insurance companies ask me or be interested in?
• 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 Morphine?

Yes, individuals can and will often be able to qualify for a traditional term or whole life insurance policy after being prescribed Morphine. Some may even be able to qualify for a Preferred Plus.

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

Life insurance companies “care” if an individual has been prescribed Morphine for two main reasons. First, Morphine isn’t a medication that is commonly prescribed to someone who isn’t suffering a serious injury or a pre-existing medical condition which is causing them to suffer from serious pain.

So, it makes sense that a life insurance company would want to know more about what kind of pre-existing medical condition you are suffering from (suffered from), which warranted your prescription.

The second main reason…

Why most top life insurance companies are going to “care” about whether or not you’ve been prescribed Morphine is because Morphine is a prescription medication that can cause one to become addicted or develop a dependency for, which can cause one to suffer from some VERY significant health issues even, death!

This is why…

Before being approved for a traditional term or whole life insurance policy, most (if not all) life insurance companies are going to want to ask you a series of questions about “why” you have been prescribed Morphine and how “serious” the pre-existing medical condition is/was that led to its use.

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

• When were you first prescribed Morphine?
• Who prescribed Morphine? A general practitioner or a specialist?
• Why have you been prescribed Morphine?
• Are you currently taking Morphine now? If so, how long do you anticipate having to take Morphine?
• Are you taking any other prescription medications or pain killers?
• In the past two years, have you been admitted into a hospital for any reason?
• Do you have any history of drug or alcohol abuse?
• Have you ever been convicted of a felony or misdemeanor?
• Do you have any issues with your driving record? Issues such as multiple moving violations, a DUI, or a suspended license?
• 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 time to determine what kind of “rate” an individual might qualify for, there are 100’s if not 1000’s of factors that can come into play. This is why it’s pretty much impossible to know of sure what kind of life insurance rate that an individual might be able to qualify for without at least speaking with them for a few minutes.

That said, however…

There are a few “assumptions” that we can make based only on the fact that an individual has been prescribed Morphine in the past. Assumptions such as if you were only prescribed Morphine in the past for a very short period of time to help you deal with an acute pain which has since passed leaving no “residual” effects, chances are the fact you have been prescribed Morphine in the past probably won’t affect the outcome of your life insurance application.

Conversely…

If you have been prescribed Morphine to help you deal with chronic pain or pain resulting from a “serious” underlying medical condition such as cancer, chances are your Morphine prescription will play a large role in the outcome of your life insurance application and could be cause for having your application Postponed for a period of time or denied outright!

The good news is…

That here at IBUSA, we have all sorts of experience helping folks with all “kinds” of pre-existing medical conditions find and qualify for coverage that they can afford. This is why we wanted to take a moment and end this article by focusing on some of the things that you can do to help improve your chances at finding the “best” life insurance policy that you can qualify for.

This brings us to the last topic that we wanted to take a moment to discuss with you today…

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…

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.

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 before applying for coverage. By doing so, you will be helping him or her narrow down what options might be the “best”.

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

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!