Life Insurance for Xopenex 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 Xopenex or its generic form Levalbuterol to help treat or prevent bronchospasms commonly associated with breathing problems such as:
- Hay fever allergies,
And/or Chronic Obstructive Pulmonary Disease (COPD).
Questions that will be directly addressed will include:
- Can I qualify for life insurance after I’ve been prescribed Xopenex?
- Why do life insurance companies care if I’ve been prescribed Xopenex?
- 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 Xopenex?
Yes, individuals who have been prescribed Xopenex can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, they may even be able to qualify for a Preferred Plus in some cases.
Why do life insurance companies care if I’ve been prescribed Xopenex?
Life insurance companies “care” if an individual has been prescribed Xopenex because unlike an over the counter medication one might use to treat seasonal allergies, Xopenex is a prescription medication that can be used to treat a wide variety of pre-existing medical conditions some of which can be quite serious in some cases.
This is why…
Prior to getting approved for a traditional term or whole life insurance policy most life insurance underwriters are going to want to ask you a series of medical questions all designed to learn more about “why” you have been prescribed Xopenex and how “severe” the underlying pre-existing medical condition is that has warranted your prescription.
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 Xopenex?
- Who prescribed your Xopenex? A general practitioner or a specialist?
- Why have you been prescribed Xopenex?
- Have you been given a specific diagnoses such as:
- Chronic Obstructive Pulmonary Disease (COPD)?
- What symptoms led you to being prescribed Xopenex?
- Do you still suffer from those same symptoms?
- Are there certain known “triggers” which cause you to suffer from your bronchospasms?
- When was the last time you suffered from an attack?
- How often do you suffer from a bronchospasm attack?
- Is Xopenex the only prescription medication that you are currently taking?
- In the past 12 months, have you used any tobacco or nicotine products?
- In the past 2 years have you had to be admitted into a hospital for any reasons?
- 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, when it comes to having been prescribed Xopenex, there are a lot of factors that can come into play in determining what kind of “rate” an individual might be able to qualify for. And this doesn’t even include all of the “lifestyle choice” factors that can also come into play such as:
- Do you actively participate in any dangerous hobbies?
- Have you ever been convicted of a felony or misdemeanor?
- Do you have any set plans to travel outside of the United States in the next year?
- Do you have any issues with your driver’s license?
- Etc, etc…
Which is why, it’s pretty much impossible to know what kind of “rate” an individual might be able to qualify for without actually speaking with an individual and learning more about them.
That said however…
There are some “assumptions” that we can make that will generally hold true. For example, if you have simply been prescribed Xopenex to treat some kind of “mild” of asthma or hay fever, it may be possible to qualify for a Preferred rate. That is of course if you haven’t ever been admitted to a hospital for your symptoms and you haven’t used any kind of tobacco or nicotine products in the last year.
This is because…
As a general rule, if you have been diagnosed with some type of respiratory disease and/or condition and you are currently using some form of tobacco or nicotine, you can bet that it is going to be much more difficult if not impossible to qualify for a traditional term or whole life insurance policy (not to mention way more expensive even if you can)!
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!