Life Insurance for Restoril 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 Temazepam or one of the common brand names it is sold under including:
Or Tenox to treat insomnia.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Restoril?
- Why do life insurance companies care if I’ve been prescribed Restoril?
- 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’s dive right in!
Can I qualify for life insurance after I’ve been prescribed Restoril?
Because Restoril is simply a medication that is used to treat insomnia, a pre-existing medical condition which shouldn’t have any kind of effect on the outcome of one’s life insurance application, in “theory” you should be able to qualify for a traditional life insurance policy after being prescribed Restoril.
You may even be able to qualify for a Preferred or Preferred Plus rate! Which begs the question…
“If having been prescribed Restoril and being diagnosed with insomnia isn’t going to have a negative affect on my life insurance application, why do life insurance companies care if I’ve been prescribed Restoril in the past?
Why do life insurance companies care if I’ve been prescribed Restoril?
Unlike many other prescription medications where the “root cause” for one’s prescription is what makes an insurance underwriter nervous, in this case it’s actually the opposite. You see, in this case, insurance underwriters aren’t all that worried about the fact that you’ve been diagnosed with insomnia, what they are really worried about is the fact that you’ve been prescribed Restoril.
Before you freak out and totally begin to worry, we should stress that insurance companies are “Too Worried” about the fact that you have been prescribed Restoril, but because it is a prescription medication that some folks could abuse, insurance companies want to make certain that Restoril is not a potential problem for you.
This is why…
Prior to making a decision about the outcome of your life insurance application most (if not all) life insurance companies are going to want to know more about how you’re using your Restoril. Now most of the answers to their questions can and will be found in a prescription database check which is routinely ordered anytime someone decides to apply for a traditional or simplified life insurance product but don’t be surprised if your also asked directly by your life insurance agent prior to applying because your answers could go a long way towards determining “which” life insurance company might provide you with the greatest opportunity for success.
What kind of information will the insurance companies ask me or be interested in?
- Why have you been prescribed Restoril?
- Who prescribed your Restoril? A general practitioner or a specialist?
- How long have you been taking Restoril?
- In the past 12 months has your Restoril prescription changed in any way?
- Are you taking any other prescription medications to help treat your insomnia?
- Are you taking any other “over the counter” medications to help treat your insomnia?
- Do you have any history of drug or alcohol abuse?
- 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 we stated before, because Restoril is simply a prescription medication used to treat insomnia, in “theory” one should still “theoretically” be eligible for a Preferred or Preferred Plus rate class assuming that they would otherwise be eligible.
That said however…
If it looks as though you may be abusing your Restoril, or you’ve been prescribed Restoril for a period longer than a life insurance underwriter would consider “short term” or “acute” care as this medication is typically used for, all bets are off as to what “rate” you might be able to qualify for.
What can I do to help ensure that I get the “best life insurance” for me?
Probably the most important thing that you can do on your end is to first make sure that you’re working with a true-life insurance professional who will work as an advocate for you. Agents like this will not only help guide you through the application process but also be perfectly “frank” with you about your chances at being approved for coverage and at what rate you might be able to qualify for.
You’ll also want to make sure that he or she has access to dozens of different life insurance companies this way if you do decide to apply for coverage, you won’t be limited to the decision-making processes of just one or two different life insurance companies.
You’ll be able to “shop” your options with multiple insurance companies which in our experiences usually helps increase one’s chances for success.
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” for you as well as helping him or her determine “which” life insurance company will most likely provide you with the best opportunity for success!
So, what are you waiting for? Give us a call today and see what we can do for you!