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Find the Best Life Insurance with Asthma

Researcher & Writer
January 11, 2015

So you need life insurance but you have asthma. You may be asking, what is the big deal? The reality is, the best life insurance companies are all over the board when it comes to underwriting clients with asthma.

The good news for asthma sufferers looking for the best life insurance rates is that there are asthma friendly life insurance carriers out there who will offer the top rate class available. The key for a client is finding the right company to go with. That is where TermLife2Go comes in.

If you are shopping for life insurance and you have asthma three important questions you need to ask are:

  1. Can I get life insurance with a history of asthma?
  2. What rate class can an asthma sufferer qualify at?
  3. What is the process of obtaining life insurance with asthma?
Let’s begin with a brief overview of asthma

Asthma is defined as a disorder that causes the airways of the lungs to swell and narrow, leading to shortness of breath, wheezing, chest tightness and coughing.

A top characteristic of asthma is bronchospasm, which is an abnormal contraction of the smooth muscle of the bronchi, resulting in an acute narrowing and obstruction of the respiratory airway. Typical symptoms of the condition is a cough with generalized wheezing.

According to the Asthma and Allergy Foundation of America, every day 44,000 people have an asthma attack. And every day, 1,200 people have to go to the hospital due to asthma and 9 people die from asthma. That amounts to 3,300 deaths each year due to asthma with another 7,000 deaths that lists asthma as a contributing factor.

Typical asthma medications that will pop up on a prescription database check during life insurance underwriting include: Advair Diskus, Asmanex, Combivent, Flovent HFA, ProAir HFA, Proventil HFA, Pulmicort Respules, Singular, Xopenex, Xopenex HFA.

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Can I get life insurance with asthma?

The quick answer is, YES.

To determine your rate class the life insurance carrier would want to know:

  • What age you were diagnosed
  • Is you asthma seasonal
  • How often do you have attacks
  • When was your last attack
  • What medications you take
  • Do you take any steroids
  • Have you been hospitalized for asthma

If you have severe asthma then you would want to consider a final expense of burial life insurance policy where there is no exam and no health questions. You can view our list of the best final expense or burial insurance companies.

What rate class can an asthma sufferer qualify at?

Life insurance companies have about 16 different rate classes. What rate class you qualify for will also determine your cost.

  • Most well controlled clients with seasonal asthma will qualify for a preferred or preferred plus rate class.
  • If you have moderate asthma and have occasional attacks you will probably receive a standard or standard plus rate class. You may take prednisone (oral steroid) occasionally and you may have been hospitalized in the past due to the asthma and still receive a standard rate class.
  • For more serious cases of asthma, where there are frequent attacks and you take a steroid on a regular basis, a life insurance company may offer a table B to table D rate class.
  • Finally, if you have severe asthma, frequent attacks and have recently been hospitalized, your best route would be to look into a guaranteed issue life insurance policy where there is no exam and no health questions.

What is the process of obtaining life insurance with asthma?

A guaranteed issue life insurance policy for clients with severe asthma is simply and easy. There is no medical exam and no health questions involved and the coverage can begin in as little as 72 hours. If you believe this is the best route for you to take or if you have questions, please call us.

A no medical exam life insurance policy may be the best route for you to take to procure life insurance with mild seasonal asthma. With a no medical exam life insurance policy (either term or universal life) you will be required to answer a set of questions which typically takes 5-10 minutes. The life insurance company will still do a prescription database check and DMV search. For more on the difference between a medical exam and no medical exam policy, please see Life Insurance: Exam vs. No Exam

A fully underwritten life insurance policy requires a medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking for asthma both now and in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk. Your assigned agent will then follow up with you and let you know of your approval.

Life Insurance for asthma sufferers

The key to achieving the lowest price on Life Insurance for asthma sufferers is to apply with the right company.

Not all life insurance companies are friends to the asthma sufferer. You need to apply with the right asthma-friendly life insurance company for your specific profile.

For more reading on if you can qualify for life insurance when taking specific medications or with certain pre-existing conditions, please see our article on qualifying for life insurance with pre-existing conditions.

You may also want to read our article, 10 Great No Medical Exam Life Insurance Companies.

As a consumer, it is in your best interest to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different companies available in order to get the best rates on life insurance.  Only by doing this can you ensure that you are getting the best type of life insurance tailored to your specific needs.

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We are a team of life insurance experts with the simple mission of helping you find the best coverage for your unique situation. We research, review, and rank life insurance companies to make that process easier.