Sufferers of Asthma, need life insurance too˳
How and Why people with breathing health issues should get simple term life insurance policies˳
About the underlying condition and why it may cost you more to buy simple term life insurance˳
The Condition
Asthma is a complex condition that involves restrictions of the airways˳ Asthma is typically chronic and can be life threatening˳ According to the American Lung Association there is “no cure for asthma˳”
That, however, does not mean that there are not lots of treatements for this condition˳ Some treatments involve inhalers and others involve nebulizers via a prescription from their physician˳ If you have asthma or think you might, you should see a physician˳
Exactly what triggers and causes asthma is not widely agreed upon˳
Why Asthma Cost More with Life Insurance:
The truth is is that that ashtma in rare circumstances can prove fatal˳ However it is can also be a secondary factor that leads to other issues˳ For example asthmatics that have the flu can see increased breathing problems˳ For those reasons and numerous others, asthma sufferres typically have to spend more on life insurance˳
No General Agreement with Insurers:
There is no single way that life insurers handle life insurance for people with breathing problems˳ Some insurers will flat out deny the insurance application, some will provide you table ratings, whiile others may consider you for preferred pricing if your asthma is stable and controlled˳
What is Controlled Asthma from a Life Insurers Standpoint:
What exactly constitutes controlled asthma is not a simple answer˳ However generally they involve the following criteria:
- No Emergency Room Visits for Asthma in the past several years˳
- A good relationship with plenty of on time check ups with your general practitioner˳
- On time prescription refills and all medicines taken˳
- A clear note from the doctors that your asthma is consider in controlled˳
When applying for life insurance, the insurers will have access to all your medical files that yoru doctor has filled out˳ Therefore they will be able to read all of the notes about all of your visits˳ The insurer will also be able to look up your prescription records˳
How to Propertly Shop for Life Insurance When you Have Asthma:
There are several important things to do when shopping for term insurance when you have asthma˳
Step One:
See your doctor and keep up with all of your prescriptions˳ If you doc tells you to do something – do it˳ This first step seems so obvious, but so many people fail to do it˳ A relative clean bill of health for a prolonged period of time is what life insurers are looking for˳
Step Two:
Be honest about your asthma with your insurance agents˳ This too seems common, but again, so many people fail this test˳ In order for you to get best pricing, you will need to tell your insurance agent about your situation˳ Hiding your condition and having it show up while your proposed policy is being reviewed, generally will only cost you more money˳
Step Three:
Contact your home auto insurer for a life insurance quote and make sure you tell them that you have asthma˳ Have all of the spcifics of your condition with you, such as the medicines that you take and any breathing statistics that you may have˳ Get the quote from the home auto insurer and then proceed to the next step˳
Step Four:
Now contact an independent agent, one that works with dozens of life insurers˳ Take all of the same information that you gave to your home auto insurer and provide it to the independent life agent˳ Based on your criteria of what you need and your past medical information – you may be able to qualify for better pricing˳
Step Five:
Go ahead and compare the insurance quotes that you have and make an informed decision based on the policy term legnth, coverage amount, premimum cost and the Financial Strength Rating˳ Choose the product that works best for you and your family˳
What to do if you Get Declined:
If you get declined with your application for insurance, do not be dismayed˳ At this point you will absolutely want to reach out to a life insurance specialist who may be able to assist you further˳
What is a Financial Strength Rating?
Simply put, a Financial Strength Rating is an expert opinion of an insurer’s ability to meet and pay out claims˳ In general you should buy the highest rated insurer that you can afford˳ For AM Best generally shooting for A, A+, and A++ should suffice for term insurance˳
Johnson is an independent insurance agent based outside San Francisco CA, who is specializes in selling life insurance for asthmatics˳ He is an advocate of consumer rights and sufferers from Asthma himself˳
Source by https://ezinearticles˳com/?Life-Insurance-Considerations-for-Asthmatics&id=9982819
