I stopped taking Adderall for ADHD in May 2023 and was also on Klonopin for anxiety and sleep around that time. Will it make a difference that I’ve been off both for over a year and a half when applying for term life insurance? I’ve also used Mounjaro for weight loss, but my A1c has always been below 5.3. I’m a 36-year-old female, 5’6”, previously weighed 165 pounds, and now weigh 145. Otherwise, I’m in great health.
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Did you stop taking those meds under your doctor’s guidance? If it was your doctor’s recommendation, that works in your favor. If not, it could be seen less positively.
As for your weight, most carriers don’t underwrite based on GLP-1 drugs if prescribed just for weight loss. They typically underwrite based on your build and will add back half of any weight lost in the past year.
Even at 5’6” and 155 lbs (with half the weight added back), you should still fall within preferred rating categories, so that shouldn’t negatively impact you.
Good luck!
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Being off the medication for over a year and having other health issues under control will definitely help in the underwriting process. However, they may still request your paramedical exam and Attending Physician Statement (APS) if the results from the paramedical are slightly concerning.
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Do you think I would be uninsurable or just may have to pay a higher rate?
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Only the underwriter handling your application will be able to answer that. Although they have standards to follow I noticed that some are strict. Better to have a rating than a decline since the record stays in your MIB. I was rated in my last insurance due to elevated triglycerides and creatinine but I happily accepted the rating instead of them declining my coverage or putting an exclusion on certain deceases.
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Wrong. MIB has no idea of the outcome of an application.
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Huh? Who said that the MIB knows the outcome of an application? The MIB is where all health records are stored, and insurers use it to check your records. Please read the statement again.
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All carriers will see past prescriptions in the pharmacy records database, so keep that in mind—it’s usually not a problem.
Assuming you stopped taking Adderall and Klonopin because your doctor recommended it and not on your own, and both issues are well-controlled with no recent episodes (like panic attacks), you should be able to work and lead a daily life without negative effects. In that case, you might qualify for Preferred Plus or Preferred rates with some carriers.
Good rates are possible, even considering your Mounjaro use. At 5’6" and 165 lbs, you can still qualify for the best rate class with most carriers.
Some carriers may only offer higher “Standard” or Regular rates based on your history, so it’s best to work with a good independent agent or broker. They can shop around to find the best options for you.
You can start looking for an agent or broker near you at term4sale.com.
Good luck!
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Thank you! I actually went off them due to wanting to become pregnant which I discussed with my doctor but he is not my OBGYN so I’m not sure that would be in the medical notes. I just never went back for refills. I got pregnant about 5 months after I saw him for the last refill. since I had the baby I did not feel the need to go back on the medications postpartum. I recently saw him about a month ago so hopefully it will be in the notes that I did not need to resume my medications
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ADHD and Adderall typically aren’t major issues when applying for life insurance. While they may prevent you from qualifying for the top tier, it’s usually not a significant setback. However, if you stopped taking any medication without consulting your doctor, that could raise concerns.