For those who are currently having a difficult time getting approved for life insurance, you also may want to read the following articles which focus on difficult to place insurance policies: TermLife2Go’s Allstar Lineup, Avoid the Exam! And Get Inusred Today! as well as our Top 10 Final Expense and Burial Life Insurance companies.
Now for the average asthma sufferer that is taking Flovent HFA to prevent an asthma attack, the idea that their prescription could actually affect the outcome of their life insurance application will often be received with “shock”. This is because, for the average asthma sufferer, the severity of their condition is something that has never really frightened them or caused them any really great concern.
Here are a couple important stats that the insurance company is going to be looking at when it comes to underwriting an asthmatic applicant. According to the CDC www.cdc.gov/vitalsigns/asthma/
“One in 12 people (about 25 million, or 8% of the population) had asthma in 2009, compared with 1 in 14 (about 20 million, or 7%) in 2001. More than half (53%) of people with asthma had an asthma attack in 2008. More children (57%) than adults (51%) had an attack. 185 children and 3,262 adults died from asthma in 2007.May 3, 2011”
So what type of asthmatic are you?
Simply having a prescription for Flovent HFA isn’t really going to tell an insurance company much. Which is why, during the application process at some point you’re going to need to provide additional information about the severity of your condition. We here at TermLife2Go like to do that right away, so that we can often times prevent your life insurance application from being “held up” in underwriting.
Questions most underwriters will have…
Will include questions such as:
- When were you first diagnosed with asthma?
- How long have you been treating your asthma?
- What medications aside from Flovent HFA are you using to treat your asthma?
- When was the last time you visited your primary care physician for a routine checkup?
- When did you have your last asthmatic attack?
- Are you attacks seasonally related?
- How many attacks have you had in the past 12 months?
- Have you ever been hospitalized for an attack?
- Have you ever required visiting an emergency room as a result of an attack?
- In the past 12 months have you used any tobacco or nicotine products?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
Once we then have the answers to these types of questions, we’ll generally be able to determine the severity of you asthma and begin to get an idea of whether or not a life insurance company will be willing to offer you coverage right away, or if they may need to actually order medical records from your primary care physician.
The TermLife2Go advantage…
The main advantages of choosing to work with an insurance brokerage like TermLife2Go will be first, our agents have the experience and expertise to help guide you through the entire life insurance application process and second, our agents have dozens of different life insurance companies to pick and choose from!
Which means that…
When it comes time to finding you the best possible life insurance coverage out there, we’ll be able to “shop” your application to all of these carriers so that when it comes time for you to decide which policy is right for you, you’re not going to be stuck with just one option!
So what are you waiting for? Give us a call today and see what we can do for you!
One last thing before for you go! We know that some of you may not be all that thrilled about speaking with a life insurance agent before you have a “general” idea about how much your life insurance is going to cost. So, for folks like these, we’ve created a Term Life Insurance Quotes page when you have a chance since it will provide you with dozens of quotes instantly without having to speak to an agent first!
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.