Posted 8/9/2013 2:10 PM (GMT -6)
It depends what the medications are. Ironically, they didn't care about my pain medicine. It was the sleeping pills (Lunesta) that first made me ineligible. I worked my way off of those & then got term life with no issue. Didn't have to pay any extra than a normal healthy woman my age. :)
I think I remember from years back that "psych" meds also make it harder/more expensive. I was on nortryptilene some time back for pain & that impacted me. But BP, HR & all that are totally normal for me & I'm a healthy weight. Pain/meds can often screw with those things in spite of our best efforts. I'm really fortunate to be otherwise healthy. From my experience, it's those tests, along with the "psych-type" drugs that raise rates or block coverage. Just make sure you are 100% honest about what you take. Otherwise they can revoke coverage at any time & keep your premiums, or in the event of death, refuse to pay out any death benefit. It's very sad.
Also, there are some companies that have special products that say your beneficiary would get a payout the same as any other normal (no pain) client UNLESS you died due to _______ (could say any number of things: intentional/accidental overdose, complications related to your pain condition, etc). If you feel quite confident that your pain/meds won't finish you off, that might be something to look into if the standard options cost too much. & Trix is right that you're likely better off with a no-underwriting policy. No guarantees, but probably.