Will I Have Trouble Getting Life Insurance With Asthma?

Maybe not, fewer people today pay higher life insurance premiums because of their asthma. Only the most severe conditions receive sub-standard risk ratings from most life insurance companies.

When you’re shopping for life insurance coverage, it’s important that you’re getting the lowest premiums available. There are several different factors that you should be aware of to ensure that you’re getting the lowest premiums possible. If you’re wondering what life insurance is best for you, we can answer what questions you many have.

Life insurance is one of the most important investments that you’ll ever make for the future of your family. It’s vital that your loved ones have the money that they need, regardless of what happens to you. One common misconception is that anyone with asthma is going to pay a lot more for coverage. In most cases, that couldn’t be further from the truth.

If you have asthma, preferred risk ratings are still attainable.

Life insurance companies are always interested in a wide array of details regarding any health condition they feel will decrease your chances of living a long life. Asthma is no different. Let’s look at some important things to consider when seeking a life insurance policy with asthma.

What Type Of Asthma Do You Have?life insurance with asthma

The medical profession recognizes several types and categories of asthma: child and adult onset, allergic, exercise-induced, cough-induced, occupational, nocturnal, and steroid resistant. Life insurance underwriters will definitely be interested in every aspect of the diagnosis and treatment of your asthma, but will generally categorize asthma sufferers a little more simply. Insurers will see your condition as mild, moderate, severe, or seasonal.

Seasonal asthma involves only a few, often allergy-induced, attacks a year, and infrequent usage of mild medications. The top preferred rates are available to seasonal asthma sufferers.

Mild asthma refers to a client who feels little or no impairment between attacks that occur infrequently. An attack has never resulted in hospitalization and their condition can be treated with inhalers or oral medication. Clients with mild, well-controlled asthma can qualify for the best life insurance risk classes.

With moderate asthma there are more frequent attacks that may have resulted in hospitalization. There are some symptoms between attacks and steroid-based medications may be required. Moderate asthma sufferers regularly get standard life insurance rates and as years pass since you have been hospitalized due to your asthma and your reliance on medication lessens, your rating could rise to a preferred category.

If you have been hospitalized for an asthma attack, your insurer will want to know the circumstances and length of your hospital stay. What medications you are taking is very important to insurers. For how long, in what quantity, and how frequently. The side effects of some medications can be severe. Steroid-based medications that are often prescribed to treat asthma have side effects that concern life insurance companies.

Severe asthma means there are frequent and more extreme attacks that regularly result in hospitalization. Steroid-based medications are required and there is significant difficulty breathing between attacks. Those with severe asthma will usually receive higher table ratings. But remember, getting a policy in place now is important, and as your condition improves, your life insurance premium can, too.

No matter the severity of your asthma, Olgetree Financial Services will present your unique risk to the most asthma-friendly insurers to get you the best risk rating and lowest premium available for the life insurance you and your family need.

Use the instant term quoter at the top of this page, leave a message through our contact page, or call us at 1-800-712-8519.

What Is Your Level Of Control Of Your Condition?

This is always a priority for life insurance companies when evaluating a client with any health condition that may “impair” their risk. Impaired risk is when some aspect of a person’s life, usually their health, may make them less likely to live a long life. Most fatalities related to asthma can be avoided with proper care and treatment. If you have documented your treatment and doctor’s visits, a life insurance company will know that you are taking control of not just your asthma, but also your general health and the rest of your life. They will feel much more confident that you will not suffer a fatal asthma attack and that your life span will not be significantly reduced.

According to the National Heart, Lung, and Blood Institute (NIH), good asthma control will:

  • Prevent chronic and troublesome symptoms, such as coughing and shortness of breath
  • Reduce your need for quick-relief medicines
  • Help you maintain good lung function
  • Let you maintain your normal activity level and sleep through the night
  • Prevent asthma attacks that could result in an emergency room visit or hospital stay

Further, to accomplish these goals, the role of the asthma patient requires:

  • Working with your doctor to treat other conditions that can interfere with asthma management.
  • Avoiding things that worsen your asthma (asthma triggers). However, one trigger you should not avoid is physical activity. Physical activity is an important part of a healthy lifestyle. Talk with your doctor about medicines that can help you stay active.
  • Working with your doctor and other health care providers to create and follow an asthma action plan.

The NIH defines an asthma action plan as:

  • taking your medicines properly
  • avoiding asthma triggers (except physical activity)
  • tracking your level of asthma control
  • responding to worsening symptoms
  • seeking emergency care when needed

Do You Now Or Have You Ever Smoked Cigarettes?

If you are smoking cigarettes with any level of asthmatic disability, you are dealing your health a deadly blow. Cigarette smoking is a major cause of severe asthma, which is when a patient becomes most susceptible to more serious and sometimes fatal asthma attacks and can expect a significant reduction in their life expectancy. Any company underwriting you for an insurance policy on your life will take a dim view of this behavior.  If you have asthma and must smoke, you may want to look into a guarantee issue life insurance policy with no health exam or questionnaire.

Bottom Line

Life insurance companies will also be interested in when you were diagnosed with asthma, if you know what leads to your asthmatic attacks, how often you have asthma attacks, how severe your attacks are, and the history of the frequency of your attacks since you were diagnosed.

All of this information is going to play a huge role in how much you’ll pay for your life insurance. If you’re like the majority of applicants, your asthma is only minor and it’s going to have very little impact on how much you pay every month for your life insurance coverage.

Working With An Independent Insurance Agent

The best way to ensure that you’re getting the lowest insurance premiums is to work with an independent insurance agent, like ours at Ogletree. Unlike a traditional insurance agent, our independent agents work with dozens of highly rated insurance companies across the nation. Every insurance company is going to look at your application and health differently. Some companies are going to view your asthma less favorably and charge you more for coverage. It’s vital that you find the best company for your life insurance needs. Instead of wasting your time calling all of those companies yourself, let one of our experienced agents do all of the work for you. You could spend hours calling dozens of companies and answer the same questions over and over again. We can bring all of the best rates directly to you.

In order to place you with the life insurance company that is the best fit for you and your family, a life insurance agent will want to learn as much as possible about you and your asthma condition. At Ogletree Financial Services we access the best insurers in the business and know which ones have the most generous underwriting policies for asthma sufferers. No matter the severity of your asthma, we present your unique risk to these companies to get you the best risk rating and lowest premium available for the life insurance you and your family need.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family will need if something tragic were to happen to you. We know that buying life insurance is not the most fun process, but it’s one of the most important.  It’s easy to get started right now!

If you have any questions about getting life insurance with asthma or about any of the different insurance options that are available to you, please contact one of our agents. We would be happy to answer those questions and connect you with the best plan to meet your needs.

Use the instant term quoter at the top of this page, leave a message through our contact page, or call us at 1-800-712-8519.

About Doug Mitchell
About Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent over 20 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance, home and auto insurance.  For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table.  He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award.  Later in his career with New York Life he was an Executive Council Member.  Doug currently serves as President of Ogletree Financial, a life insurance marketing organization with over 1000 life insurance agents.  Today, Doug’s main focus is servicing 1000s of policyholders and growing his agency through the reach of www.insurancequotes2day.com.

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