Last Updated on February 28, 2021 by Matt Schmidt
Obtaining life insurance coverage is an important element in many people’s overall financial plans. This type of coverage can mean that loved ones can carry on without financial hardships such as unpaid debts, and / or that income will go on and that their lifestyle can continue rather than having to make dramatic changes.
For some people, getting this type of insurance coverage can be easy. Yet, for others – especially those who may have certain types of health issues such as type 2 diabetes – it may not be such a simple task.
In addition to the health condition itself, often the medication that is taken for an individual’s health issues can also play a role in whether or not that person is accepted for the coverage they are applying for. This can sometimes be the case with the type 2 diabetes medication Avandia.
How Taking Avandia Can Affect Your Life Insurance Coverage Application
Avandia is also known by the generic name of rosiglitazone. This drug is an oral medication that is taken by those who have type 2 diabetes, and it is used for the controlling of blood sugar levels. This medication is not recommended for use along with insulin, as doing so could increase an individual’s risk of serious heart issues. Oftentimes, it is recommended that the individual who is taking Avandia should also partake in a healthy diet and engage in a proper exercise regime. This can help with attaining a better overall outcome.
A person can only obtain Avandia by getting a prescription for it. When given this particular medication, it is essential to follow the instructions very carefully, as the drug could have potential side effects. It is also important for the person to regularly check his or her blood sugar levels in order to ensure that the medication is working properly. Also, blood sugar levels that become too low can result in side effects such as headache, shakiness, and / or becoming dizzy.
If you are taking Avandia, it is possible to qualify for life insurance coverage – and often, provided that you are otherwise in good health, you may even be able to obtain a Standard policy rate.
What The Life Insurance Underwriters Want To Know About People Who Take Avandia
When applying for life insurance coverage while taking Avandia, you will need to complete an application for coverage. This should be filled out as completely and truthfully as possible so that the underwriters can get the clearest picture as possible about your health.
In addition, it is likely that due to your diabetic condition, the underwriters will also require additional details regarding your health, as well as about the medication that you are taking. Therefore, you may be asked some or all of the following:
- When were you initially prescribed with Avandia for your type 2 diabetes?
- What was the initial dosage amount of Avandia that you were prescribed?
- Has the amount of your Avandia dosage changed over time?
- Have you experienced any side effects from the Avandia? If so, what type of side effects have you experienced?
- Are you managing your type 2 diabetes in any other manner, such as via diet and / or exercise?
- Have you had any relevant testing performed within the past six months?
- What are your current A1C readings?
- Have you been hospitalized due to your type 2 diabetes within the past twelve months?
It is likely that in addition to answering these health and medication related questions, you will also need to undergo a medical exam. This is typically a part of the overall underwriting procedure. This exam will usually last approximately 30 minutes, and it entails the submission of a blood and urine sample. The paramedical professional will also take a blood pressure and a heart rate reading from you.
Typically, for those who have type 2 diabetes and are on Avandia, the insurance underwriters will want to review the medical records from the primary care physician and / or from a specialist that is seen.
Once all of the applicant’s information has been received by the insurance company, a decision may be made regarding insurance coverage, as well as about an appropriate amount of premium for the individual’s policy.
How Much Will Your Coverage Cost
The cost of the policy’s premium for diabetics who take Avandia will be dependent upon several factors. First, the price of life insurance with diabetes, in general, will depend on the type and the amount of coverage that is purchased. Other factors will include the age and gender of the applicant, as well as his or her overall health condition.
If it is determined that you are in good health – even with your type 2 diabetic condition and the taking of Avandia – then you may be able to qualify for a Standard policy class. If so, then your premium rate will be in line with that of an average policyholder. In other cases, where a person’s health is not as good as the average person, then a Substandard class will be more likely, with a higher amount of premium.
Where To Get The Best Premium Quotes On Life Insurance For People Taking Avandia
When seeking life insurance for people taking Avandia, working with an agency that has access to multiple insurers is typically the best way to go. We can help you to find the policy and the carrier that is right for you. We work with many of the top insurers in the industry today – and we can point you in the right direction. When you’re ready to move forward, fill out the form on this page to get your first quotes.
If you should still have any questions, please feel free to contact us directly. We can be reached by phone, toll-free, by calling 800-470-4122. Even if you’ve been turned down in the past, you have many more options today. So, contact us – we’re here to help.