Life Insurance for Niaspan 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 Niaspan or its generic from Niacin to help treat high cholesterol and triglyceride levels.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Niaspan?
- Why do life insurance companies care if I’ve been prescribed Niaspan?
- 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 Niaspan?
Yes, individuals who have been prescribed Niaspan can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, they may even be able to qualify for a Preferred rate! That said however, any time you’ve been prescribed a medication that deals with one’s cardiac health one shouldn’t be all that surprised to learn that a life insurance company may want to learn a little bit more about why?
Why do life insurance companies care if I’ve been prescribed Niaspan?
The two main reasons why a life insurance company is going to “care” if an individual has been prescribed Niaspan is first because knowing that you have been prescribed a medication that is specifically designed to help you lower your cholesterol and/or triglyceride levels will help place your current cholesterol and triglyceride levels into context.
If your cholesterol and triglyceride levels are healthy, everything is good. But if you’re cholesterol and triglyceride levels are bad and you’ve been consistently taking your Niaspan prescription, you may be a candidate that a life insurance company may want to avoid insuring.
Because Niaspan is also a medication that has been shown to help certain “high risk” patients avoid possibly suffering from a heart attack or a narrowing of the arteries in the future it’s possible that a life insurance underwriter may want to learn whether or not it has been determined by your doctor that you at a “high risk” candidate for developing one of these conditions in the future.
This is why…
Prior to 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 medical questions designed to learn “why” you have been prescribed Niaspan and just how “serious” your pre-existing medical condition is.
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 Niaspan?
- Who prescribed your Niaspan? A general practitioner or a cardiologist?
- Why have you been prescribed Niaspan?
- Has Niaspan helped you reduce your cholesterol and triglyceride levels?
- Are you currently taking any other prescription medications?
- Have you been diagnosed with any serious pre-existing medical conditions?
- Have you ever been diagnosed with cancer, heart disease, or diabetes?
- Have you ever suffered from a heart attack or stroke?
- Have any of your immediate family members (mother, father, brother, or sister) ever been diagnosed with cancer, heart disease or diabetes? Have any of them ever suffered from a heart attack or stroke?
- What is your current height and weight?
- 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?
As you can see, there are a lot of factors that can come into play when trying to determine what kind of rate an individual who has been prescribed Niaspan can qualify for. This is why, it’s pretty much impossible to say for sure without actually speaking to the individual in question.
That said however…
There are a few “assumptions” that we can make assuming that an individual is only using their Niaspan to control their cholesterol and triglyceride levels and don’t seem to be at an increased risk of suffering from any other pre-existing cardiac issues. For folks like these, what we’ve found is that most will “potentially” be eligible for a Preferred rate assuming that they would otherwise be eligible.
Or in other words…
Using Niaspan to control your cholesterol levels ought not be something that would prevent you from being able to qualify for a Preferred rate. In fact, it may be something that is actually increasing your chances at qualifying for such a rate assuming that it is helping you maintain a healthy cholesterol level. Unfortunately, there are “some” life insurance companies which may make it only possible for you to be able to qualify for a Standard rate which is why you’re going to want to be care “which” life insurance company you ultimately decide to apply with.
Which bring us to the last topic that we wanted to take a moment and discuss with you here today which is…
What can I do to help ensure that I get the “best life insurance” for me?
Because life insurance companies tend to use a lot of “random” factors in determining who the will and won’t insure, and at what price, we here at IBUSA have found that the “best” way for us to be able to ensure that our clients are able to find the “best” life insurance policy that they can qualify for is to be sure to know our STUFF and offer a TON of options.
By only employing true life insurance professionals who have tons of experience helping folks with all sorts of pre-existing medical conditions and then providing them with tons of options to offer their clients, we here at IBUSA truly do offer a one stop shop for folks looking to protect their family.
Which is why…
Our advice to anyone looking to purchase a life insurance policy is to be sure that the insurance agent that they choose to work with is truly an expert and that he or she has dozens of options for you to consider, because even if they are the greatest life insurance agent in the world, if they don’t have access to the “best” life insurance policy for you what good is that going to do you?
What are you waiting for? Give us a call today and let us earn the right to protect your family today!