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Life Insurance with Chronic Obstructive Pulmonary Disease (COPD)

Licensed Life Insurance Agent/Marketing Manager
March 30, 2020

There are many factors that go into determining your rate and ability to qualify for a life insurance policy. One of the main things the life insurance companies will be looking at is your current health and medical history. 

If you have Chronic Obstructive Pulmonary Disease (COPD) there are probably four main things you are looking to find out: 

  1. Can I get life insurance with COPD?
  2. What will it cost of life insurance with COPD?
  3. What is the process for applying for life insurance?
  4. What do I do if I've already been denied life insurance coverage? 

Can I get life insurance with COPD?

The short answer is yes.

There are multiple life insurance companies that offer policies to those with COPD. How that life insurance company categorizes you is up to their discretion. For example, some may consider you to need high risk life insurance, which would make your rate higher. 

If you have severe COPD or use nicotine products it is possible that your application may be denied for traditional life insurance. 

You may want to consider other other options such as a no exam life insurance policy or a guaranteed issue life insurance policy

A no exam life insurance policy will allow you to skip the medical exam that is part of the traditional life insurance policy process. However, these types of policies typically still have a medical questionnaire that the life insurance company would take into consideration when determining your rate. 

A guaranteed issue life insurance policy won't have the medical exam or the medical questionnaire. Keep in mind that while these policies are a great way to get life insurance coverage they do usually come with lower coverage amounts. 

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How much does life insurance cost with COPD?

When a life insurance company is evaluating how much you will pay for a policy, they use something called a rate class. 

Your rate class is based on a combination of age, health, lifestyle and many other factors. In order to help the company determine your rate class you can expect them to ask more questions related to your health and lifestyle. 

Some additional questions the life insurance company may ask to help determine your rate:

  • What age you were diagnosed
  • Is your COPD due to asthma, chronic bronchitis, or emphysema
  • What medications you take
  • Do you use tobacco or nicotine products
  • Electrocardiographic (ECG) findings
  • Have you been hospitalized for COPD

Shopping around and finding the best life insurance companies for COPD can help you find the best coverage and the best rates to meet your needs. A life insurance agent can help guide you to finding the best companies. They are able to sift through multiple companies and provide you with quotes from your best options. 

If you don't have a life insurance agent, feel free to call us to help guide you in the right direction. 

What is the process to apply for life insurance?

A typical life insurance policy requires a life insurance medical exam. As mentioned previously this wouldn't be the case if you went with a no exam or a guaranteed issue life insurance policy. 

If you decide to go the traditional route then typically the examiner 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 and have taken in the past. The insurance company will then determine if you are eligible for a life insurance policy and at what rate. 

The whole process would be managed by your life insurance agent. 

What if I've been denied life insurance coverage?

If you have been denied life insurance coverage due to COPD from one life insurance company, it is important to know that you have options. You can always submit an application for life insurance with a different company. 

Your best bet is to speak with a life insurance agent that can provide guidance and quotes from multiple companies. They can work with you to determine the best life insurance policy and company for your needs. 

Written by
Chelsie Ball
Chelsie is fixated on developing innovative ways to present complex ideas and maneuvering people to the information they need. She has worked in digital marketing for the past seven years and has been a licensed life insurance agent since 2010. When she isn’t looking out for the user, you can find her watching Netflix or desperately trying to find a real hobby.