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 Xarelto or its generic form Rivaroxaban to help lower one’s risk of suffering from a stroke, deep vein thrombosis (DVT), pulmonary embolism (PE) or any number of similar conditions.

Questions that will be directly addressed will include:

• Can I qualify for life insurance after I’ve been prescribed Xarelto?
• Why do life insurance companies care if I’ve been prescribed Xarelto?
• 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 Xarelto?

Yes, individuals who have been prescribe Xarelto can and often will be able to qualify for a traditional term or whole life insurance policy.  Heck, they may even be able to qualify for a Preferred rate!

Why do life insurance companies care if I’ve been prescribed Xarelto?

Life insurance companies “care” if an individual has been prescribed Xarelto, because let’s face it, if you have been determined by a doctor to be at an increased risk of suffering from a future stroke, deep vein thrombosis (DVT, pulmonary embolism (PE) or any number of similar conditions which would warrant a Xarelto prescription, it only makes sense that a life insurance company would want to know a little be more about that… right?

This is why…

Prior to getting approved for a traditional term or whole life insurance policy, you’re most likely going to be asked a series of medical questions about “why” you have been prescribed Xarelto and how “serious” the underlying pre-existing medical condition is.  After all, there are dozens of reasons why an individual may be prescribed Xarelto simply as a “precaution” medication that may either pass after a brief period of time or may simply not be all that major of a concern for a life insurance company over the long run.

Examples of such cases…

Might be when an individual has been diagnosed with atrial fibrillation (minor as opposed to severe) or when an individual is immediately recovering from a knee or hip surgery.

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 Xarelto?
• Who prescribed your Xarelto? A general practitioner or a specialist?
• Why have you been prescribed Xarelto?
• Have you ever been diagnosed with heart disease?
• Have you ever suffered from a heart attack, stroke or been diagnosed with a blood clot?
• Are you taking any other prescription medications?
• Have any of your medications changed in any way within the past 12 months?
• In the past 2 years have you been admitted into a hospital for any reasons?
• Are you still taking Xarelto now? If so, do you anticipate being able to stop taking it any time soon?
• Do you have any surgical procedures planed or have any surgical procedures been recommended to you?
• 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?

This is a tricky question to answer because the truth is, there will be a lot of folks who have been prescribed Xarelto who may be able to qualify for a Preferred or Preferred Plus rate class because their Xarelto was simply used immediately after a surgical procedure.  These are the types of cases where once a life insurance underwriter learns that the surgery was successful, and that the applicant isn’t suffering from any “lingering” affects of their injury or condition it will be as if an individual had never been prescribed Xarelto in the first place.

But…

That’s only one “kind” of Xarelto user.  For others who may be taking Xarelto because they are considered to be “consistently” at an increased risk of suffering from a stroke, deep vein thrombosis (DVT, pulmonary embolism (PE) or any number of similar conditions “rates” can vary significantly ranging as high as a Preferred all the way to the point where they may not be eligible for a traditional term or whole life insurance policy at all!

In cases like these…

It’s really impossible to guess what kind of “rate” an individual would be able to qualify for without speaking with them directly and getting all of the details about their use.  The good news is that here at IBUSA, we have at ton of experience helping folks with all sorts of pre-existing medical conditions which is why we now want to “shift gears” a bit and take a moment and discuss…

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.

From there…

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?

Lastly…

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!