Life Insurance With Ativan Use
By James Tobin, CFP®
Bequest Mutual Difficulty Rating
Expert Review Of Life Insurance with Ativan Use
Jim Tobin, CFP®
Why you can Have confidence in this review
At Bequest Mutual Life Insurance, we value our editorial independence. We keep our reviews strictly factual so you can use them to make informed decisions. Life insurance carriers referred to on this site do not approve reviews.
Can I Be Approved For Life Insurance With A History Of Ativan Use?
Every applicant for life insurance with Ativan use can be approved for a policy.
However, the type of policy that can be approved, and the rates charged, will depend on the length of your Ativan use, the underlying cause, prognosis for discontinuing use, any disability during use, history of drug or alcohol abuse, and your overall health.
Because the underwriting standards are different for each type of policy, this review of life insurance options with anxiety/depression meds is broken into three sections: (click link to go directly to section)
Exam - Yes
Exam - No
Exam - No
What Information Will Life Insurance Companies Want To Know?
In order to underwrite your application life insurance carriers will need to know the following:
The information that you will be required to provide in order to get the most accurate quote is as follows:
- Date of Diagnosis that required Ativan
- Age at Diagnosis
- Treatments Undergone (with dates)- This will require a list of any pharmaceutical drugs being taken as well as any prescription changes and follow up.
- Work history, including any application for disability benefits.
- Any history of drug or alcohol abuse / DUI?
- Other Health Issues
Will I Need To Take An Exam For Life Insurance With Ativan Use?
Depending on the length and underlying cause of your use you may need to take an exam to get the best term rates available. Click here for more on the exam.
If your use is short and for a temporary issue, you may qualify for competitive rates without having to take a medical exam. Also, if it turns out that simplified issue or guaranteed issue policies are the best fit for your application, no exam will be required.
How Much Will My Life Insurance Cost And How Exactly Is The Rate Affected By My Ativan Use?
The rates you pay for term insurance are dependent on the underwriting class you are graded by the carrier. Ativan use generally will not have an affect on the underwriting grade if the underlying condition is thought to be temporary.
Cases that have a history of interrupted employment due to the condition may be rated as substandard. The severity of the "table " rating will be dependent on the severity of the applicant medical history.
How Accurate Are The Quotes I Get From Your Quote Tool?
The quotes you receive from the quote tool on this site are 100% accurate for the information inputted. That is to say, if you get the rate class correct- your rate will be correct. The problem with online tools is that people generally think they are inn better or worse shape than is reality.
If you are unsure about rate class you should choose a range and hope to be pleasantly surprised. Alternatively, you can fill out the customized quote form and we will get in touch with you as soon as possible.
How Can I Improve My Underwriting Score And Lower My Life Insurance Rates?
The most effective ways to improve your life insurance rating are to use an agent that has access to the companies that will view you most favorably and to take care of your health.
See Why to use Independent Agent when Shopping for Life Insurance with Ativan use to better understand the reason to use an independent agent.
As far as lifestyle goes, if you take diet and exercise seriously along with limiting alcohol and quitting smoking (if you smoke), it should be reflected in your blood markers.
if you have a medical condition that requires anxiety/depression med, documenting compliance with medical advise and any medications is very important. Obtaining Having a physicians letter stating that you have been compliant and improving is helpful.
Do these things and you can't help but improve your health and your life insurance rating.
What Are The Best Life Insurance Companies For Ativan Use?
Life insurance companies have differing appetites for specific risks. These appetites are reflected in underwriting and ultimately pricing. Simplified issue carriers will be state dependent and three of the better known term carriers for dealing with prescribed opioid use are Prudential, American General (AIG), and Banner.
However, risk appetite can, and does, change and the only way to guarantee the best possible deal is to work with an experienced independent agent. see the case study here to get a clear understanding.
What Is The Application Process For Life Insurance With Ativan Use?
The life insurance application process is an eight step process that includes choosing your terms, picking a carrier, submitting to the exam, and signing documents (digital signatures accepted). The entire 8 step process is laid out for you here.
Case Study : Life Insurance With Ativan use
Female Age: 29
$1000000 20 Year Term
3 month Ativan Use due to Seasonal Affective Disorder. Diagnosed Age 28
No history of drug or alcohol abuse
This looks like a best case scenario that would be either Preferred, Standard Plus or Standard depending on the insurers appetite for a Graves disease risk.. Let's take a look at the rates.
- standard +
This table which shows only a few of the major life insurance companies available illustrates the difference in rates. For Preferred rates Prudential is 29% more expensive than SBLI.
On it's face this seems like a pretty straight forward choice and if underwriting grades between carriers is the same, it really can be that simple. This kind of easy price shopping is particularly useful for younger folks in good health and demonstrates why you want to use an independent Agent.
For people who need to use anxiety/depression meds or any other serious diagnosis, it gets much more complicated.
Because life insurers manage their appetite for specific risks by being more lenient or more stringent with underwriting grades, you need to know which company will grade you a preferred risk and which ones will grade you as standard (or worse).
In the case above, because the Ativan use is moderate and the applicant is in excellent health, Prudential (the most expensive standard rate) is not a factor. However, if her health was not quite as good as this example, Pru would likely be among the best deals because of more lenient underwriting.
That is if the more competitively priced carriers dropped her rating to standard or standard plus Prudential would likely be the best deal because they might still rate her as P+.
This is something you can't know by simply looking at the lowest price. In the alternate scenario using an independent agent could save you 17% (the difference between Prudential @ preferred and AIG @ Standard).
Thank you for choosing Bequest Mutual to research life insurance with Ativan use. Now that you know the information you will need to receive the most accurate quote possible, it's time to gather the information and speak to an independent Agent (raising my hand).
Simply give us a call or shoot an email over and we can get you started. We are committed to totally transparent pricing (we'll even share our computer screen with you if you'd like), and making the application process as painless as possible.
If you have any questions, We'd like to hear them.