Life Insurance for Primacare One 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 Primacare One, a multivitamin, mineral and fatty acid product that is typically used as a supplement pill for woman before, during and immediately after pregnancy.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Primacare One?
- Why do life insurance companies care if I’ve been prescribed Primacare One?
- 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 Primacare One?
Yes, individuals can and often will be able to qualify for a traditional term or whole life insurance policy after having been prescribed Primacare One. In fact, many may even be able to qualify for a Preferred Plus rate! The only tricky part is knowing “when” an individual will be able to qualify for the “best” possible rate and when it might make sense to wait a “bit” before actually applying for coverage.
Why do life insurance companies care if I’ve been prescribed Primacare One?
In general, life insurance companies aren’t going to be all that concerned that an individual has been prescribed Primacare One assuming that you have been prescribed this medication because you’re actually pregnant and not suffering from some “kind” of pre-existing medical condition which may be preventing your from being able to obtain/absorb the vitamin and nutrients found in Primacare One naturally.
This is why…
If it’s not clear that you were pregnant at the time you were prescribed Primacare One it’s possible that you may be asked a few questions about your Primacare One prescription so that they can learn a little bit more about “why” a doctor deemed you needed this prescription.
It’s quite possible that if you’re currently pregnant at the time of your life insurance application or you just recently had a baby at the time of your life insurance application it may benefit you to wait until you have had your 6 week post-delivery check-up to apply for coverage or purchase a term life insurance policy for the shortest period of time, with the expectation that you will reapply later.
The reason for this…
Is that there are a lot of factors that will come into play when determining what kind of “rate” you will be eligible for, factors such as ones:
That could be affected while during your pregnancy which might “unfairly” be used against you. For this reason, let’s now take a look at just some of the questions you might be asked when applying for a traditional term or whole life insurance policy.
What kind of information will the insurance companies ask me or be interested in?
Common questions you might be asked may include:
- When were you first prescribed Primacare One?
- Who prescribed your Primacare One? A general practitioner or an OBGYN?
- Are you currently pregnant now?
- If so?
- What trimester are you in?
- How much weight have you gained during your pregnancy?
- Have you developed any complications during your pregnancy?
- When is your expected delivery date?
- Have you been diagnosed with any serious medical conditions?
- Have you ever been diagnosed with diabetes (gestational or otherwise), heart disease or cancer?
- 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?
- How old are you?
- What is your current height and weight?
- Aside from Primacare One, are you taking any other prescription medications?
- In the past 12 months, have you used any tobacco or nicotine products?
- Do you have any issues with your driving record? Issues such as multiple moving violations, a DUI or a suspended license?
- Have you ever been convicted of a felony or a misdemeanor?
- Do you have any set plans to travel outside of the United States within the next year?
- 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 determining what kind of “rate” an individual might be able to qualify for. Additionally, there are some life insurance companies that won’t be willing to approve an application while an applicant is pregnant or will require an application to be completed prior to an applicant entering into their “third trimester”. This is why, it’s really difficult to know for sure what kind of “rate” an individual might be able to qualify for or even it they will be able to qualify for a traditional term or whole life insurance policy without actually speaking with them directly.
That said however…
There are a few “assumptions” we can make that will generally hold true for those applying for coverage after having been prescribed Primacare One.
If you have been prescribed Primacare One for any other reason other than the fact that you are pregnant, this underlying medical condition which has warranted your prescription will most likely dictate whether or not you will be eligible for a traditional term or whole life insurance policy making your Primacare One prescription functionally irrelevant.
If you have been prescribed Primacare One, because you are pregnant and your pregnancy is proceeding normally, it is extremely unlikely that your Primacare One prescription is going to affect the outcome of your life insurance application what so ever.
Generally speaking, if you are pregnant and your looking to purchase a life insurance policy, in most cases you will have a better opportunity for success if you complete your application early on during your pregnancy. This way, in theory, you are less likely to have developed any of the common “complications” which could affect the outcome of your life insurance application.
This is also when…
We like to encourage folks to also take a look at some of the Simplified Issue Life Insurance policies or No Medical Exam Life Insurance policies that might be available to you as well so that you can qualify for coverage utilizing the least invasive means possible.
Which 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?
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!