How To Qualify For Life Insurance With A History Of Suboxone Use
last updated on March 7, 2022This article discusses how to qualify for life insurance with a history of Suboxone, used to reduce drug, opioid, and alcohol dependence.
Chances are you’re reading this because either yourself or a loved one has used suboxone to help control addictive cravings. Perhaps you failed to secure life insurance coverage as a result of this prescription.
Regardless, today, my goal is to explain how suboxone use has impacted many of my clients who wish to purchase life insurance.
My promise is to show you your options to get life insurance with a suboxone prescription history (yes, there are options for most people), and how to get life insurance coverage quickly.
Let’s begin!
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Suboxone Related Questions Life Insurance Companies Will Ask
With a prescription history of suboxone, several factors (specifically related to suboxone) will affect your application.
Most likely, you will need to answer the following questions:
- When was your suboxone first prescribed?
- Why was suboxone initially prescribed?
- How long has it been since you stopped using suboxone?
If you’re trying to reduce your suboxone use, this still shows that you have made progress towards breaking your addiction.
Generally speaking, a life insurance company will offer you a better deal depending on how long it’s been since you last took suboxone.
NOTE: If you do not take suboxone anymore, there are other options available that we’ll cover soon.
Further follow-up questions
To create a picture of who you are as an individual, life insurance companies will also look at other factors:
- Has there been any drug or alcohol relapses since you took suboxone?
- What is your lifestyle like overall?
- Are you healthy?
- Are you presently sober?
What Factors Impact Your Level of Insurability?
Of course, other factors influence a company’s decision to insure, too. Let’s analyze those as well:
Health
Of course, whether you take suboxone or not, your insurance company is going to ask you about your health, focusing specifically on internal diseases such as your heart, lungs, liver, and kidneys.
They will also ask mental health-related questions, want to know about hospitalizations, and prescription drug use, as well as how healthy you are overall.
Age
The older you are, the more you’ll pay, and there are some restrictions on life insurance coverage depending on whether you qualify for a guaranteed issue or simplified issue product.
Smoking
Whether or not you smoke doesn’t necessarily disqualify you, but it will cause a rate increase on top of coverage.
Weight
The heavier you are, the more you’ll pay, but certain companies will offer better rates than others. That’s something we can help you with at Buy Life Insurance For Burial!
Why You Should Own Life Insurance
Most individuals who are on suboxone realize that they’ve had a problem that’s gotten out of hand. Life itself is fragile, and many people who have lived rough lives on drugs know this more than anyone.
At this moment of getting their lives back on track, many realize how important life insurance coverage is.
The #1 reason why you should own life insurance is because you love your family. Surely, if anything were to happen, you wouldn’t want to burden them financially, right?
Perhaps, you already feel like your prior drug use or alcohol addiction hurt your family, and now you know it’s time to make things right!
Luckily, life insurance offers the perfect solution to a permanent obligation.
How Much Life Insurance Coverage Do You Need?
That depends on what you want to accomplish. Below I’ve listed the most common reasons people own life insurance:
Income Replacement
If you’re still employed and earn a decent income, securing life insurance as a form of income replacement for your loved ones is a smart decision.
Of course, once you’re retired, this may not be as big of an issue.
But while you’re earning a substantial amount of money, you definitely will want to consider a life insurance plan to protect your family’s finances should you pass away without warning.
How does life insurance coverage help?
Upon your passing, your surviving loved ones will receive a death benefit from your insurer. Your family can use this money to stay financially afloat during this difficult time.
How much coverage should you apply for?
I recommend ten times your annual income. If you earn $30,000 a year, then a $300,000 life insurance plan should provide sufficient coverage to pay for final expenses, other debts and leave a large lump sum to protect your spouse and/or children for many years to come.
Debt Pay Down
If you have a mortgage or owe money on credit cards or car loans, or have any sort of debt, a life insurance plan is a great way to sort out these debts quickly and efficiently.
Perhaps you’re thinking, “Why should I care about unpaid credit cards after I die?”
Well, unfortunately, any debt you leave behind will become your family’s responsibility. So make sure you’re covered!
Final Expenses
A final expense life insurance plan is the perfect solution to cover funeral costs. I recommend $10,000 to $25,000 in life insurance coverage.
Burial Insurance Rates, Age 50 to 85*
$5000 AIG Monthly Rate Chart
| Age | Male | Female |
|---|---|---|
| 51 | $26.96 | $18.92 |
| 52 | $27.36 | $18.93 |
| 53 | $27.82 | $20.00 |
| 54 | $28.22 | $20.97 |
| 55 | $28.68 | $21.84 |
| 56 | $29.45 | $22.62 |
| 57 | $30.27 | $23.49 |
| 58 | $30.98 | $24.17 |
| 59 | $31.65 | $24.86 |
| 60 | $32.10 | $25.50 |
| 61 | $32.58 | $26.01 |
| 62 | $34.77 | $27.52 |
| 63 | $36.97 | $28.90 |
| 64 | $39.08 | $30.09 |
| 65 | $41.10 | $31.00 |
| 66 | $43.08 | $31.78 |
| 67 | $44.81 | $33.40 |
| 68 | $46.33 | $35.96 |
| 69 | $47.75 | $37.16 |
| 70 | $48.99 | $38.26 |
| 71 | $50.09 | $41.93 |
| 72 | $54.59 | $45.42 |
| 73 | $58.99 | $48.76 |
| 74 | $58.99 | $51.83 |
| 75 | $66.97 | $54.59 |
| 76 | $70.28 | $62.38 |
| 77 | $81.97 | $69.73 |
| 78 | $93.20 | $76.60 |
| 79 | $103.98 | $83.02 |
| 80 | $114.31 | $88.71 |
| 81 | $124.22 | $90.69 |
| 82 | $127.59 | $92.83 |
| 83 | $131.19 | $95.83 |
| 84 | $145.08 | $98.17 |
| 85 | $151.97 | $100.53 |
$10000 AIG Monthly Rate Chart
| Age | Male | Female |
|---|---|---|
| 50 | $51.92 | $35.83 |
| 51 | $52.73 | $36.68 |
| 52 | $53.63 | $37.99 |
| 53 | $54.44 | $39.93 |
| 54 | $55.36 | $41.67 |
| 55 | $56.90 | $43.23 |
| 56 | $58.55 | $44.98 |
| 57 | $60.01 | $46.34 |
| 58 | $61.31 | $47.72 |
| 59 | $62.21 | $49.00 |
| 60 | $63.17 | $50.02 |
| 61 | $67.54 | $53.04 |
| 62 | $71.94 | $55.80 |
| 63 | $76.16 | $58.19 |
| 64 | $80.21 | $60.01 |
| 65 | $84.15 | $61.57 |
| 66 | $87.63 | $64.79 |
| 67 | $90.66 | $67.45 |
| 68 | $93.49 | $69.91 |
| 69 | $95.98 | $72.32 |
| 70 | $98.18 | $74.52 |
| 71 | $107.17 | $81.85 |
| 72 | $115.98 | $88.83 |
| 73 | $124.24 | $95.52 |
| 74 | $131.95 | $101.66 |
| 75 | $138.55 | $107.17 |
| 76 | $161.93 | $122.76 |
| 77 | $184.41 | $137.45 |
| 78 | $205.96 | $151.20 |
| 79 | $226.62 | $164.05 |
| 80 | $246.44 | $175.42 |
| 81 | $253.19 | $179.39 |
| 82 | $260.38 | $183.66 |
| 83 | $288.16 | $189.65 |
| 84 | $301.93 | $194.33 |
| 85 | $315.82 | $199.06 |
$15000 AIG Monthly Rate Chart
| Age | Male | Female |
|---|---|---|
| 50 | $76.89 | $52.74 |
| 51 | $78.09 | $54.02 |
| 52 | $79.45 | $55.98 |
| 53 | $80.66 | $58.90 |
| 54 | $82.04 | $61.51 |
| 55 | $84.35 | $63.85 |
| 56 | $86.82 | $66.47 |
| 57 | $89.01 | $68.50 |
| 58 | $90.96 | $70.58 |
| 59 | $92.31 | $72.50 |
| 60 | $93.75 | $74.03 |
| 61 | $100.31 | $78.56 |
| 62 | $106.91 | $82.70 |
| 63 | $113.24 | $86.28 |
| 64 | $119.31 | $89.01 |
| 65 | $125.23 | $91.35 |
| 66 | $130.44 | $96.19 |
| 67 | $134.98 | $100.18 |
| 68 | $139.24 | $103.87 |
| 69 | $142.96 | $107.47 |
| 70 | $146.27 | $110.78 |
| 71 | $159.75 | $121.77 |
| 72 | $172.96 | $132.24 |
| 73 | $185.36 | $142.28 |
| 74 | $196.92 | $151.50 |
| 75 | $206.83 | $159.75 |
| 76 | $241.89 | $183.13 |
| 77 | $275.61 | $205.18 |
| 78 | $307.95 | $225.81 |
| 79 | $338.93 | $245.07 |
| 80 | $368.66 | $262.13 |
| 81 | $378.78 | $268.08 |
| 82 | $389.57 | $274.49 |
| 83 | $431.23 | $283.48 |
| 84 | $451.90 | $290.49 |
| 85 | $472.73 | $297.59 |
$20000 AIG Monthly Rate Chart
| Age | Male | Female |
|---|---|---|
| 50 | $101.85 | $73.93 |
| 51 | $103.45 | $79.33 |
| 52 | $108.75 | $83.93 |
| 53 | $114.96 | $88.14 |
| 54 | $120.36 | $91.94 |
| 55 | $125.17 | $95.34 |
| 56 | $128.77 | $99.15 |
| 57 | $131.97 | $102.15 |
| 58 | $134.77 | $105.15 |
| 59 | $136.78 | $107.95 |
| 60 | $138.18 | $110.15 |
| 61 | $148.39 | $116.76 |
| 62 | $157.99 | $122.76 |
| 63 | $167.20 | $127.97 |
| 64 | $176.01 | $131.97 |
| 65 | $184.61 | $135.37 |
| 66 | $192.22 | $142.38 |
| 67 | $198.83 | $148.19 |
| 68 | $205.03 | $153.59 |
| 69 | $210.43 | $158.79 |
| 70 | $215.24 | $163.60 |
| 71 | $234.85 | $179.61 |
| 72 | $254.07 | $194.82 |
| 73 | $272.08 | $209.43 |
| 74 | $288.90 | $222.84 |
| 75 | $303.31 | $234.85 |
| 76 | $354.35 | $268.88 |
| 77 | $403.39 | $300.91 |
| 78 | $450.43 | $330.93 |
| 79 | $495.46 | $358.95 |
| 80 | $538.70 | $383.77 |
| 81 | $553.79 | $392.76 |
| 82 | $569.87 | $402.46 |
| 83 | $631.29 | $415.92 |
| 84 | $661.90 | $426.51 |
| 85 | $692.70 | $437.18 |
$25000 AIG Monthly Rate Chart
| Age | Male | Female |
|---|---|---|
| 50 | $126.81 | $91.91 |
| 51 | $128.81 | $98.66 |
| 52 | $135.44 | $104.42 |
| 53 | $143.20 | $109.67 |
| 54 | $149.95 | $114.42 |
| 55 | $155.96 | $118.68 |
| 56 | $160.46 | $123.43 |
| 57 | $164.46 | $127.19 |
| 58 | $167.97 | $130.94 |
| 59 | $170.47 | $134.44 |
| 60 | $172.22 | $137.19 |
| 61 | $184.98 | $145.45 |
| 62 | $196.99 | $152.96 |
| 63 | $208.50 | $159.46 |
| 64 | $219.51 | $164.46 |
| 65 | $230.27 | $168.72 |
| 66 | $239.78 | $177.48 |
| 67 | $248.03 | $184.73 |
| 68 | $255.79 | $191.49 |
| 69 | $262.54 | $197.99 |
| 70 | $268.55 | $204.00 |
| 71 | $293.07 | $224.01 |
| 72 | $317.09 | $243.03 |
| 73 | $339.60 | $261.29 |
| 74 | $360.62 | $278.06 |
| 75 | $378.64 | $293.07 |
| 76 | $442.44 | $335.60 |
| 77 | $503.74 | $375.63 |
| 78 | $562.53 | $413.16 |
| 79 | $618.83 | $448.19 |
| 80 | $672.87 | $479.22 |
| 81 | $691.74 | $490.45 |
| 82 | $711.84 | $502.57 |
| 83 | $788.61 | $519.39 |
| 84 | $826.87 | $532.63 |
| 85 | $865.38 | $545.98 |
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that to potentially qualify; you must apply to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
How To Get the Best Life Insurance Coverage if You Have a History of Suboxone Use
I want to be upfront with you regarding suboxone use and your chances of getting coverage:
0-2 Years of Disuse
Whether you’re currently using suboxone or if it’s been less than two years since you last filled your prescription treatment, it’s highly likely you will be offered a guaranteed issue plan.
Guaranteed life insurance coverage asks no health questions. And the rates NEVER increase. Sounds good, huh?
The downside is that there’s NO natural death coverage for the first two years!
In this situation, this is your only option. However, many people still purchase these plans because some coverage is always better than no coverage.
2-5 Years of Disuse
If 2-5 years have passed since your last prescription, chances are you’ll qualify for a slightly better deal. We frequently see people in this situation qualifying for simplified whole life insurance (as long as they’re healthy).
Simplified whole life insurance provides first-day full coverage for natural and accidental death with fixed premiums. The coverage NEVER cancels due to age or health.
5 Years and Beyond of Disuse
After five years of disuse, you have a good chance of qualifying for life insurance. However, this will still depend upon the same factors and whether you can show evidence of a healthy lifestyle.
It has to be very clear that your overall health and lifestyle is positive. Life insurance companies will scrutinize you closely because you have a history of drug use and will need to know that you are, without a doubt, free from drugs.
Request Your Free Quote Now!
If you’re ready to discover your options for life or burial insurance, call me at 888-626-0439 now for your free life insurance quote!
Or click here to request a free quote. We will get back to you within the next 24 business hours!
Thanks for reading! I hope you enjoyed this article.