You can find affordable life insurance approval with Asthma. It’s one of the easier pre-existing conditions for life insurance companies to cover.
Asthma is a variable disease and affects some people more severely than others, so how you will be rated by a life insurer may also vary.
The first step is to speak with an independent life insurance agent who is experienced in helping people with asthma get approved for life insurance.
Just keep in mind, that when it comes to asthma and life insurance approval, some life insurance companies are more lenient when it comes to how they rate and therefore price individuals who have been diagnosed with asthma.
What Is Asthma?
Asthma is a medical condition which appears as a chronic inflammation of the respiratory system in the airways.
It can appear as a reversible airflow obstruction and as bronchospasms.
Symptoms of asthma are both variable and recurring, and can appear as:
- Chest tightness
- Shortness of breath
Asthma is believed to be caused by a combination of both genetic and environmental factors.
You may be diagnosed as having asthma based on a recurring pattern of symptoms, and by how you respond to medical therapy and the results of Spirometry.
Spirometry is also known as a PFT or pulmonary function test which examines the lung function by measuring the volume/speed of air which you inhale and exhale.
How Does Asthma Affect Your Life Insurance Rating?
There are different degrees of asthma which might be debilitating or even life threatening, and these degrees of impairment affect how you are rated for a policy.
Essentially, the two most common aspects of this disease that will impact how you are rate include:
- Frequency of the attacks
- Type of asthma
- The amount of degree of how much these attacks impact you
- The medication needed to control symptoms. Medications can include short term inhalers and frequent need for strong inhalers and/or steroid medications
It is also important to know whether you have been hospitalized due to the condition and how often.
As a general rule of thumb, you will receive a lower cost life insurance policy if your attacks are relatively infrequent, easily treated, and you are rarely physically disabled as a result of attacks.
You may be rated lower and pay a little more if your symptoms and degree of frequency are more severe.
Information Required By Life Insurers To Rate Asthmatics
The following information will be used by our medical examiners to help determine your health classification rating for asthma:
- Determine when you were first diagnosed with asthma
- Whether you have been diagnosed with a specific type of asthma
- Whether the asthma attacks are precipitated by any particular cause or triggers such as allergies, climate/temperature, medication/chemical exposure, emotional stress or other causes.
- Provide information about the frequency and duration of your asthma attacks over specific time frames.
- Whether your asthma has caused you to be hospitalized and for how long, and if you required intubations, respirators or other treatment
Finding Affordable Life Insurance With Asthma
You can find affordable life insurance approval with asthma especially if go through an independent insurance agent who can help guide you to the insurance company that will provide the lowest rate for your particular condition.
At Abram Insurance Solutions, we have access to over 70 life insurance companies so we know which ones are the best life insurance companies and the most lenient when it comes to issuing a policy for someone with asthma and other health related conditions.
Why You Should Use Abrams Insurance Solutions
The type of rating assessment and cost of life insurance for those who have asthma will depend on many different factors.
At Abrams Insurance Solutions we work with a medical director who is familiar with how each life insurance company prices a policy if you have asthma. After learning the specifics of your condition, we will use the knowledge of our medical director to apply with the insurance company that is most likely to approve you with the lowest rate on your policy.
There is no charge for this service and our goal is to find you the best and lowest cost life insurance policy if you have asthma or any other medical condition.
If you are not sure how much life insurance you need, you can find out by using our Life Insurance Needs Calculator.
If you have any questions, concerns or need advice during the process of finding life insurance approval with asthma, or any other health related concerns, then call us at 858-703-6178 or send an email with the Ask a Question button on the right.