For those who are currently having a difficult time getting approved for life insurance, you may also want to read the following articles which focus on difficult to place insurance policies: 10 Great Final Expense Burial Insurance companies, Our 10 Best No Medical Exam Life Insurance Companies,
In general, there seems to be two different types of clients who suffer from asthma…
- There are those that can’t imagine why an insurance company would be worried about the fact that they’ve diagnosed with asthma,
- and those who can completely understand why an insurance company would be worried which is why they want to make sure that they can do everything possible to ensure that they’re life insurance application goes well.
Now for those that…
Can’t imagine why “their asthma” could be a cause for concern it’s important to understand that each day nearly 10 Americans die from asthma related causes, which means that each year, there will be approximately 3600 Americans that will pass away due to an “asthma” related cause.
Which is why regardless of how minor your asthma may or may not be, at least at first, insurance companies are going to consider you a “higher” risk until more is determined.
About Pulmicort Respules:
Respules (Budesonide and/Symbicort) is a steroid used to prevent asthma attacks by preventing the release of substances in the body that cause inflammation. Pulmicort Respules will not treat an asthma attack that has already begun.
Before an insurance company can determine that “Your” asthma is something to worry about, they’re going to need to ask a few questions to determine the severity of your asthma.
Common questions you likely be asked would include:
- How old were you when you were first diagnosed with asthma?
- How long have you been treating your asthma?
- Is Pulmicort Respules the only prescription medication that your using to treat your asthma?
- In the past 12 months have you used any tobacco or nicotine products?
- How often do you suffer from an asthma attack?
- When was your last asthma attack?
- Have you ever been hospitalized due to an asthma attack or needed to visit the emergency room?
- Do you experience more asthma attacks during certain times of the year?
- Are you currently working now?
- In the past 12 months have you applied for or received any type of disability benefits?
Now as you can see, insurance companies are going to ask a lot of very specific questions in order to get a better understanding of the severity of your condition and to determine if they may or may not need to order your medical records from your primary care physician.
With that being said, however, what you’re generally going to find is that…
If you simply have a “mild” case of asthma and haven’t used any tobacco or nicotine products, there’s a really good chance that you’ll still be eligible for some of the best possible life insurance rates out there, a Preferred or Preferred Plus.
If you suffer from a more “severe” case of asthma or you have “mild” case of asthma and use tobacco or nicotine, it’s quite possible that you may not be eligible for a traditional term or whole life insurance policy. Ultimately it will be the individual insurance underwriter that will ultimately decide who will and won’t be eligible for coverage.
The good news is that…
There are plenty of different life insurance companies out there, and many of them are all going to have their own internal rules and regulations when it comes time to deciding who they will and won’t insure. This is why we here at TermLife2Go have worked so hard to establish relationships with dozens of different life insurance companies so that when we’re confronted with one of those more “challenging” applications, we’ll know just where to send it.
So what are you waiting for? Give us a call today and see what we can do for you!
Lastly, for those who would like to get an idea about how much their life insurance might cost before speaking with an agent, we would recommend that they check out our Term Life Insurance Rates page when you have a few moments to spare.
And since we still have your attention…
It’s fair to say that most people who decide to purchase a life insurance policy do so that they can protect their loved one’s financial future in the event of their death.
But what happens if you get sick but don’t die?
Is your family’s financial future still protected? Probably not. Which is why we would encourage you to also take a look at the following articles which will discuss some other “types” of life insurance policies that can not only protect your family’s financial future, they could also significantly help our your own as well.