Worry-Free Life Insurance with COPD

Because of the nature of the disease, purchasing affordable life insurance with COPD can be problematic. Since there is no known cure for COPD, the severity of the condition along with your overall health will be the determining factor if an insurance company will issue your policy and how much they will need to charge for it.

COPD: Symptoms, Treatment, and Prognosis

Since about 15 million Americans have been diagnosed with COPD, and another 12 million may have it but haven’t been diagnosed yet, the disease is well known to Americans all across the country.

How will COPD Affect My Life Insurance?

The good news is that having COPD does not mean an automatic decline when you apply for traditional life insurance. In fact, applicants with mild cases of COPD often receive a standard rating or a rating slightly below standard.

Applicants with moderate COPD typically experience significant coughing and have bouts with shortness of breath. These symptoms will require some form of medication, and that usually results in a sub-standard rating if the application is accepted.

For applicants who are suffering from severe COPD, obtaining traditional life insurance is very difficult, and even if you are approved, the rate will be surcharged substantially. Applicants who are declined will need to consider “guaranteed issue” life insurance since there is no medical underwriting required having a policy issued.

Unfortunately, many applicants that have COPD may present other risk factors as well and may not be able to obtain traditional life insurance even with a mild form of COPD. Applicants who have COPD and continue to smoke will likely be declined as well.

More Articles and News about Life Insurance with COPD

Top 4 Final Expense Companies for COPD in 2018

Top 4 Final Expense Companies for COPD in 2018 Chrоnіс оbѕtruсtіvе pulmonary dіѕеаѕе (COPD) іѕ a lung dіѕеаѕе саuѕеd bу thе со-еxіѕtеnсе of сhrоnіс brоnсhіtіѕ and emphysema. Sіmіlаr to аѕthmа, thе passage of air іn thе lungs іѕ rеѕtrісtеd bу nаrrоw аіrwауѕ which саuѕе...

read more