Life Insurance for Phentermine 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 Phentermine or one of the common brand names it is sold under including:
- Phentermine HCL,
- And/or Pro-Fact,
To help reduce one’s current weight.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Phentermine?
- Why do life insurance companies care if I’ve been prescribed Phentermine?
- 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 Phentermine?
Yes, individuals who have been prescribed Phentermine in the past 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 some of the best no medical exam life insurance companies at a Preferred rate!
Why do life insurance companies care if I’ve been prescribed Phentermine?
The main reason why most of the top life insurance companies are going to “care” if an individual has been prescribed Phentermine is because this is a medication that is typically only prescribed to folks who are overweight and at risk of suffering from some other “type” of weight related problems such as:
Or dangerously high blood pressure levels.
This is why…
When a life insurance underwriter learns that an individual has been prescribed Phentermine the first thing that they (the life insurance company) are going to what to know about is why?
Do you suffer from any “other” pre-existing medical conditions which they may need to worry about?
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 prescribed Phentermine?
- Who prescribed your Phentermine? A general practitioner or a specialist?
- What is your current height and weight?
- Have you ever been diagnosed with any serious medical conditions?
- Have you ever been diagnosed with 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 heart disease or diabetes? Have any of them ever suffered from a heart attack or stroke?
- 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, as you can see, there are a lot of factors that can come into play when determining what kind of rate an individual can qualify. This is why it’s almost impossible to know for sure what kind of rate an individual will qualify for without speaking with them directly.
That said, however…
What we can tell you is that if you have been prescribed Phentermine, and you have been able to reduce your weight to a healthy ratio, and you haven’t been “officially” diagnosed with any pre-existing medical conditions such as diabetes or heart disease, there is a really good chance that you might be able to qualify for a Preferred rate assuming that you would meet all of the necessary requirements.
The problem is…
That in most cases where Phentermine has been prescribed, we’ll typically have other “issues” to deal with, which doesn’t mean that an individual won’t be able to qualify for coverage, it just means that they probably won’t be able to qualify for a Preferred rate and we’re probably going to have to be more “selective” with which life insurance companies we choose to apply with.
This brings us to the last topic that we wanted to take a moment and 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 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.
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 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 Phentermine?
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.
In the event that 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!