Last Updated on August 15, 2017 by lifepolicyshopper
Worry Free Life Insurance with COPD and other Health Conditions
When you are trying to find affordable life insurance, it can be complicated at best if you have particular types of health concerns. This can particularly be the situation if you have COPD, a condition that restricts the flow of air to and from the lungs. Here we will give you inside information on getting worry free life insurance with COPD and other Health Conditions.
COPD, or chronic obstructive pulmonary disease, has no recognized cure at this time. Simply because of this, life insurance underwriters are very careful about the individuals that they settle on for coverage. That, however, does not suggest an automatic declination for those who apply. In fact, it’s quite the opposite for those who understand where to look for coverage and what to count on when proceeding into their application process.
What Your Insurer needs to Know About Your Health Issues
If you have been diagnosed with COPD, you are probably aware that this disease exists in varying levels. Because of this, when at its lowest level, an applicant can usually qualify for life insurance under a traditional type of policy.
When applying for insurance coverage, however, the insurance underwriter will want to know more specific information about your disease, in addition to the basic information that is requested on the principal application. Some of the questions that you may be asked about your COPD will typically include the following:
• When were you originally diagnosed with COPD? One of the most significant questions that you will be asked is when you were originally diagnosed with COPD. If you were just lately diagnosed and your symptoms are fairly limited, then it is feasible that you can purchase a policy with a rate of Mild Substandard. Then again, if your symptoms are more frequent, which means that your breathing is more labored, then it is probable that your insurance policy would be rated as a Medium or perhaps a Severe Substandard.
• Are you currently smoking? Another really important question that you will be asked by the underwriter is whether or not you are presently a tobacco smoker. This is because your response will have a really large impact on your insurance classification. However, if you have stopped smoking, it is likely that your symptoms such as shortness of breath may have improved to some extent. If, however, you continue to smoke, it is probable that the very best policy rating you can receive is a Severe Substandard – and it's also a possibility that your application could be denied.
• How many packs of cigarettes do you smoke each day? (If you no longer smoke, how many packs did you previously smoke per day?) Because smoking cigarettes has been expressly linked to causing COPD, the underwriter will need to know how many packs of cigarettes you currently smoke (if you currently smoke), or how many packs you used to smoke per day (if you no longer smoke). If you have quit smoking, the longer ago you quit, the greater chance you have of having your insurance application approved and being assigned a lower rate class.
• Does anyone else in your primary household smoke? Although you may not now smoke, if someone who lives in your household is a smoker, it could have an impact on your COPD problem. Therefore, the underwriters will also need to know about any smokers in your household.
• On how many occasions per year do you suffer from symptoms of COPD? The underwriters will additionally want to know how many instances per year you have symptoms resulting from your COPD. In this instance, the less often you experience symptoms, the greater your chances will be of getting approved for life insurance coverage.
• What prescription drugs are you using for your COPD? If you are presently taking prescription drugs for your COPD, there is a possibility that it could be decreasing the progression of the disease. This can be a favorable thing in terms of being qualified for life insurance. It is also likely that by adhering to a regular regimen of taking prescription drugs, you will have to deal with less frequent symptoms from your COPD as well.
• Within the past six months, have you had any form of appropriate diagnostic lab testing completed? If you have had any pertinent lab testing done that is connected to your disease, the underwriters will generally view this as favorable in that you are being effective towards managing your disease. The underwriters may also be able to use the information of these tests to acquire more in-depth information about your disease.
• What other Health issues are you dealing with? We have carriers that accept COPD with combinations of other medical conditions like the following:
Peripheral artery disease
Cirrhosis of the liver
Kidney disease (not on dialysis)
Systemic Lupus (SLE)
Diabetes using insulin
If you have COPD and a medical condition listed above there's a good chance you will qualify for 1st day coverage at a standard rate with carriers we use.
In fact, individuals with COPD who are taking Albuterol and various steroids are likely to also suffer from heart disease, diabetes, osteoporosis, depression, and anxiety. Your underwriter will inquire about these associated illnesses as well as any other health issues you may be experiencing.
Be sure to check out our article on Worry Free Life Insurance With COPD using a Nebulizer
In addition to all of your COPD in-depth information, the underwriters will also examine your other important information such as age, gender, height and weight, profession and earnings, hobbies, and overall health condition and history. All of this will also be pertinent in making a coverage decision. It is most likely that you will also be expected to take an insurance medical exam. This will include having blood and urine analysis.
Purchasing Life Insurance with COPD and other Health Conditions
In order to help you with buying life insurance with COPD and other health conditions, we are working with many of the very best life insurance companies in the country – many that maintain a focus on high-risk applicants who typically require special treatment. This means that we can help to find you affordable coverage that best fits your needs.
For more information about purchasing life insurance with COPD, use our world class quote engine to receive a free and confidential quote or contact the insurance professionals at Life Policy Shopper through our website https://lifepolicyshopper.com/contact/ when it’s most convenient for you.
These programs have the following guarantees
1. First Day Coverage. You are fully protected the very first day your coverage goes into effect with no exclusions and no waiting period.
2. Ease of issue. No physical exams.
3. Your premiums will never go up. Lock into a rate at your current age and the cost will never increase regardless of changes to your health and age.
4. You benefits will never go down. Regardless of changes to your health and age.
5. All programs build cash values.
6. The benefit is paid to your beneficiary tax free on the worst week of their life.
7. Your policy can never be cancelled as long as premium payments are made.
8. This is a protected asset that you will never be forced to liquidate.
Seniors looking for a state regulated final expense life insurance policy or a whole life burial plan often have medical impairments and conditions that may raise the cost of these benefits. We keep track of these medical impairments and conditions and contract with several carriers so we can find the most benefits for the amount of money that you spend. Here we will review what we might see as we field underwrite the COPD medical condition. We can help you find first day coverage at a standard rate.
3 Top Reasons why folks use these programs
1. Because they do not have a DEDICATED amount for their funeral or final expenses
2. Because they’ve recently checked the pricing on what they currently have in place. They want to see if they can find more benefits than what they currently have.
3. Because they want to leave behind a legacy. Income for a surving spouse, money for grandkids, or to charity (Cancer Society, Church, etc)