It is commonly believed that individuals with pre-existing conditions, such as asthma, generally pay higher premiums than those individuals who do not.
Depending on the severity of the condition, obtaining life insurance coverage can be slightly more challenging.
Although this information may be disheartening for some, the insurance professionals at Claybrooke can help individuals with pre-existing conditions obtain affordable life insurance coverage that fits all their needs.
Asthma Defined
Asthma is defined as the inflammation of the airways, medically known as bronchi. These tubes transport oxygen to and from the lungs.
In an individual who suffers from asthma, these airways become inflamed when they come into contact with an irritant such as pollen or other airborne items.
During an asthma episode or attack, the individual’s chest may tighten, making it difficult to breathe; these symptoms may vary in severity.
The exact cause of asthma is unknown, but several theories exist about how it develops.
Some theories link the onset of asthma to environmental factors, and others believe a combination of family history and environmental factors plays a role.
Click To Compare QuotesSome professionals believe asthma is linked to other conditions, such as eczema or allergies.
Regardless of how asthma develops, there are many ways to control the symptoms of an asthma attack.
Although there is currently no complete cure for this condition, there are several different treatments and medications available to help control the symptoms and even prevent asthma attacks.
Specific medications, lifestyle changes, and research on an individual’s trigger irritants can all help prevent episodes and alleviate symptoms.
Some common treatments used are reliever inhalers, preventer inhalers and oral steroids.
How a Life Insurance Application can be Affected by Asthma
Most insurers, if not all, look closely at an individual’s medical history when considering a life insurance application.
If a pre-existing condition such as asthma is present, insurers will dive into the severity of the illness and how well the individual manages their condition.
Since asthma is a common condition and generally easily manageable, insurers will rarely raise rates for individuals with this condition – “standard term” policies are usually granted in these cases.
If the asthma is not well managed or the symptoms are severe enough to have caused a hospital visit in the past two years, life insurance companies may grant “rater premiums” instead of the usual standard terms.
Because the risk of a claim is higher in an individual with severe or unmanaged asthma, insurers will generally charge higher rates to cover this risk.
If there is insufficient information to make a definitive decision, insurers may ask the applicant for more information regarding their condition.
Click To Compare QuotesAlthough obtaining life insurance for a pre-existing condition such as asthma may be overwhelming, Claybrooke’s insurance professionals can help these individuals obtain coverage easily.
Our insurance consultants can explain different policies and help you find the best coverage for the best price.
Having a life insurance policy can help bring peace of mind to many individuals, especially those with pre-existing conditions, and Claybrooke is here to help.