Does Asthma Affect Life Insurance Underwriting & Your Chance Of Getting Cover?
Suffering from Asthma and considering life insurance? In most cases, particularly where the condition is mild and identified a while ago it is very likely you can get cover.
Insurance Hero can help you find a life insurance policy that not only covers your pre-existing condition at either a standard rate or with a small loading. With our help, your asthma does not have to affect the cost of life insurance.
Features Of Asthma Life Insurance Include:
- Great terms for all age groups – not just over 50-year-olds
- Life cover for those divorced or separated
- Policies for UK ex-pats
- Cover for mortgage payments
- Over 50 life insurance no medical exam
- Few exclusions in comparison with other well-known insurers
- Critical Illness coverage separate or in combination with life insurance at little extra cost
- Competitive pricing on joint policies – excellent value
Have Asthma And Need Cover? Compare The Leading Life Insurance Companies Here
Reasons To Choose Us:
- Compared With The Main Competition There Are Fewer Exclusions For Asthma Sufferers
- Secure Online Quotes. 5 Star Rated Service
- Protect Your Financial Future. 60 Second Form. Great Selection Of Insurance Plans. Safeguard Your Family
- Reliability – Honesty – Caring – Trustworthy – Amazing Prices – Uk Based Staff And No Overseas Call Centres
- Premiums For Older Individuals Often Preferable To Other Insurers
An Explanation of Asthma
A simple definition of asthma is the inflammation of bronchi, commonly known as airways. These small tubes carry oxygen in and out of the lungs and when someone suffers from asthma, these tubes become inflamed after contact with an irritant, causing tightness in the chest and difficulty breathing.
An asthma attack is classified when these symptoms begin and can vary in severity. Depending on the severity, these symptoms may require the individual to go to the hospital for treatment.
Although the exact cause of asthma is not known, there are a number of theories regarding how asthma develops in individuals. Some of these theories link asthma to a family history of the condition as well as an association with other conditions, such as certain allergies and eczema.
Environmental factors combined with some of the above-mentioned theories have also come under consideration when determining how asthma is developed.
How is Asthma Treated?
There is currently no cure for asthma but there are a number of treatments available that are effective in managing the condition and preventing asthma attacks as well as helping to control and alleviate symptoms. These treatments include specific medications, identifying specific triggers or irritants for an individual, and some lifestyle changes. Some of the treatments currently available in the United Kingdom include oral steroids, preventer, and reliever inhalers.
How Asthma Can Affect Your Life Insurance Application…
When applying for life insurance, having a pre-existing condition such as asthma can cause premium payments to be slightly higher.
When applying for life insurance, insurers will take a close look at the individual’s medical history. When it comes to pre-existing conditions such as asthma, increased cost of coverage is usually determined by the severity of the condition as well as the recency of symptoms.
Since asthma is a common condition and is diagnosed early, symptoms are usually well managed by the time an individual applies for life insurance. Because of this, many insurers will issue these individuals “standard term” insurance.
In cases where symptoms are more severe and have resulted in hospital attention or prescription needs in the previous two years, insurers may opt to offer individuals “rater premiums.” This means that the cost of the policy is higher to take the additional risk of the condition into account.
Another route that some insurance companies will take is to ask the applicant to provide more detailed information and history on their condition in order to make a more informed decision.
It is important to remember that all life insurance providers are not created equally. Because of this, each insurer may have a different policy when it comes to covering individuals with asthma and how they rate premium payments based on both lifestyle factors and medical conditions.
The professional insurance consultants at Insurance Hero can help individuals who have conditions such as asthma find an affordable life insurance policy with pre-existing conditions that meets all their needs.