Life Insurance for Soma 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 Soma or its generic form Carisoprodol to help treat pain and stiffness resulting from muscle spasms.
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Soma?
- Why do life insurance companies care if I’ve been prescribed Soma?
- 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 Soma?
Yes, individuals who have been prescribed Soma can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, individuals who have been prescribed Soma in the past can even qualify for a Preferred Plus rate class assuming that they would otherwise be able to qualify for such a rate.
The problem is…
That most of the time, in order for someone to be able to qualify for such a “preferred” rate, it will need to be clear to the life insurance underwriter that one’s need for Soma has either passed or will pass shortly.
Why do life insurance companies care if I’ve been prescribed Soma?
Life insurance care about the fact that an individual has been prescribed Soma for two reasons. The first reason is because this is a prescription medication that is specifically designed to help folks treat “mild” to “moderate” pain and stiffness resulting from muscle spasms.
Any time an individual is experiencing “pain” most (if not all) life insurance companies want to fully understand the underlying “cause” of such pain so that they don’t end up insuring an individual who may be a greater “risk” to them then they are willing to assume.
Like many other prescription medications used to treat or manage pain, Soma is a medication that can become addictive to those who have been prescribed it. This is why, most (if not all) life insurance companies are going to be looking for any signs of “Soma abuse” or addiction which they would deem “cause” for automatically denying your life insurance application.
This is why…
Prior to approving your life insurance application, what you’re going to find is that most (if not all) life insurance companies are going to want to ask you a series of questions about your Soma prescription so that they can get a better understanding about your situation and be able to determine whether or not you would represent an “acceptable risk” to them.
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll like be asked about your Soma use will most likely include the following:
- Why have you been prescribed Soma?
- Who prescribed your Soma? Have all of your prescriptions come from one doctor?
- How often do you need to take your Soma?
- Is Soma the only medication that you’re using to manage your pain?
- Are you still taking your Soma?
- How long have you been taking your Soma?
- How long do you anticipate needing to take your Soma?
- Do you have any history of drug or alcohol abuse?
- Have you ever been convicted of any felonies or misdemeanors?
- Do you have any issues with your driver’s license? 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?
Without knowing specifically why a person has been prescribed Soma, it’s pretty much impossible to say what kind of “rate” an individual might be able to qualify for. That being said however, what we can tell you is that if you have been prescribed Soma to help you manage pain and that pain has gone away and you are no longer needing to take it, chances are you will be eligible for the same “rate” that you would have bene eligible for prior to its use.
Or to put it another way…
If you only plan on using Soma for a short period of time to help you manage a temporary condition, chances are, having been prescribed Soma isn’t going to have an effect on the outcome of your life insurance application.
On the flip side, if it appears that you are going to continue to need to use Soma for an extended period of time, there is a really good chance that a life insurance company may choose to “postpone” or “deny” your life insurance application until which point you no longer need to use Soma to manage your pain.
They (the insurance company), could chose to approve you at what would be considered a “high-risk” rate in which case we would definitely need to know more about your situation prior to being able to hazard a guess at what that rate might be.
Which brings 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?
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 profession 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 prior to applying for coverage. By doing so, you will be helping him or her narrow down what options might be the “best”
So, what are you waiting for? Give us a call today and see what we can do for you!