Does Taking Xanax Affect Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, taking Xanax can affect life insurance premiums, but it depends on the reason for the Xanax (medical diagnosis), frequency and dosage, and whether anxiety has a significant effect on one's quality of life. If the diagnosis is periodic anxiety, using Xanax prn, and the applicant is able to hold down a full time job, the impact on life insurance rates will be slight.
    Answered on June 6, 2013
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  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    With any medication related to life insurance underwriting, it is more of the affliction than the medication. Xanax is used for a variety of anxiety issues. Mild anxiety with mild occasional situational attacks could still be a standard issue versus severe panic attacks that can require immediate medical attention can lead to a decline of life insurance. Use an experienced independent life insurance broker to help you shop underwriters in order to find you the best deal in your life insurance needs.
    Answered on December 22, 2014
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