If you have been searching for life insurance for someone with Chronic Obstructive Pulmonary Disease, COPD, you’ve come to the right place. This is a preexisting condition we work with regularly. Picking the best life insurance for COPD is going to depend upon the seriousness of the disease and how much financial protection you need. If you are determined to find the right life insurance with COPD friendly underwriting, we can help you. Our goal here is to provide you, our reader, real world information as well as expert and authoritative advice which you can use to make a better, informed decision.
Can You Get Life Insurance With COPD
Can people with COPD have life insurance? Can you purchase life insurance now that you were diagnosed with Chronic Obstructive Pulmonary Disease (COPD)?
In short, yes. The key is to find an insurance company who will also offer a good policy to you under your health predicament. Apples are just not apples especially when health problems are involved. To get accurate life insurance rates for COPD you will need to speak with an experienced licensed professional. Many life insurance companies will not accept the disease.
Insurance companies don’t post pricing for specific health conditions, sorry. Having COPD is only part of the health consideration the insurer will want to know to “underwrite” the life insurance policy. The vast majority of insurers, if called by a consumer, will refer out to one of their licensed agents to “field underwrite” (assess) your case prior to making a recommendation to you.
Are their a few exceptions to this rule? Yes, but they are selling one particular type of policy with limitations and NOT going to be “cheap” when compared to the best life insurance policies for someone with the respiratory disease.
If you need life insurance and have Chronic Obstructive Pulmonary Disease, expect some health history questions from your independent agent/broker if you would like to obtain the best benefits and lowest premiums. This is starting the process of getting the lowest cost and best policy from a carrier who will approve you. It “weeds out” insurance companies who will make a subpar offer or even decline. Do not avoid this part if you desire the best outcome for you and your beneficiary(s). While the 995 plan from Colonial Penn has no health questions and would therefore cover a COPD patients diagnosis regardless of health history, you will find the policy itself is very expensive and subpar coverage. We get our clients covered daily with breathing disorders such as COPD. Those clients, very often, have full, first day lifetime coverage.
Why can’t I just get the rates for life insurance with COPD on a website like Maple Valley Insurace Group? Because, there are many people with COPD in varying degrees of disease. This variance will have a large effect on what you what company or insurance policy you may be able to qualify for and how much it may cost. Nothing is cut dried with preexisting conditions and obtaining life insurance. For some people, it is very mild and unobstrusive. The patient may not have even been prescribed an inhaler to treat it. For others it is very severe and really affects their lives. Maybe to the point of requiring continuous oxygen. While one person with COPD may be acceptable to the fictitious ABC insurance company, the next individual may unfortunately be a decline.
Why?
The best life insurance for people with COPD will be determined by your age and total risk evaluation. The risk evaluation will include not only COPD but other prexisting conditions but your lifestyle choices. For example, have you quit smoking and for how long? Prescriptions your doctor has prescribed will also be considered. We make different recommendations based on your total picture even with no exam life insurance. It is important to discuss your overall health and lifestyle choices to get an accurate quote, not just the diagnosis of COPD. At that point, a good independent agent/broker can give you a price quote for the insurance carrier who could offer you the cheapest life insurance for COPD patients.
If you request to make a “no exam” electronic application, once completed, it’s automatically sent to the insurer for consideration. From there…they will pull data from multiple sources to help reach their decision. Could they approve you as applied for, yes. Could they make you an alternate offer, yes. With that said, they could also decline you. This is why speaking with a life insurance expert is most important. Again, it is going to be the total risk factor the insurance carrier will “see”.
At some point, in the severity of the Chronic Obstructive Pulmonary Disease, certain applicants will not be able to qualify for any term life insurance. Good term policies are harder to qualify for than whole life insurance. If you are receiving daily oxygen, you are going to need a whole life insurance policy. Forget about term for COPD life insurance. You will be declined for term life insurance in this case by all life insurance companies on the market.
When considering whole life insurance we work with a few specific insurance companies who specialize in coverage for people with chronic respiratory conditions like Chronic Obstructive Pulmonary Disease (COPD). Most insurance companies tend to decline or offer limited benefit policies automatically for a COPD diagnosis.
Yes, no exam whole life insurance plans are more expensive intially but you pay for a lifetime policy that your family can really depend on, permanently that never goes up in price or has declining benefits over time. In most cases, full first day coverage. As you age, the premiums never increase nor do the benefits ever decrease regardless of your health condition.
Need more advice? We help people obtain COPD life insurance almost on a daily basis and know the companies and policies that can give you the peace of mind you want. Giving us a call for help is advised if you are looking for financial protection and have health issues. Yes, while you could use the final expense quoting tool on this page, it will not be able to suggest the specific companies that will offer you the best life insurance policy with a COPD diagnosis. Why? It does not ask about your preexisting medical conditions which have a major impact on who will best your option for life insurance coverage.
COPD Life Insurance Underwriting: What People Will Be Asked
There are 4 health classes for Chronic Obstructive Pulmonary Disease (COPD) that life insurance underwriters are going to look at when submitting your application. COPD life insurance underwriting is best left to insurance companies that see lots of cases of chronic obstructive pulmonary disease. They will be more likely to approve you for a better rate or policy. If you are in search of the best life insurance for COPD, make sure you consult with an independent professional who knows the right companies to consider before making any application.
- Mild COPD: A mild chronic cough is acceptable as well as minimal shortness of breath after moderate exertion. Pulmonary function testing should be almost normal. X-Ray cannot show any abnormal results. Your FEV1 should be between 60% and 80%. You must be a non-smoker and not require any treatments. With the most competitive life insurance companies, Mild COPD will receive a Standard Table 2 rating.
- Moderate COPD: Symptoms are increased coughing and shortness of breath after moderate exertion. Pulmonary function tests can show diminished lung function and X-Ray studies may show some abnormalities. Your FEV1 should be between 50% and 59%. Moderate COPD will receive a Standard Table 4 rating with a few companies while others will rate you higher or even decline.
- Severe COPD: Shortness of breath is common with everyday activity. Pulmonary function shows very diminished lung function and X-Ray studies show clear abnormality. Multiple prescription meds including inhalers (1 or more), steroids as other medications. Severe COPD would receive at best a Table 6 rating, possibly a Table 8. Declines are common with many carriers.
- Extreme COPD: You are unable to have normal activities without extreme shortness of breath. Shortness of breath with minimal exertion or even at rest is not uncommon. Treatment with medications includes an oxygen tank. FEV1 below 40% is assumed to be Extreme COPD. At this point, you may be looking at a no exam, graded whole life insurance policy. Daily oxygen is not accepted by 99.5% of insurance companies offering immediate, full coverage. Instant quotes for this can be obtained from the final expense tool on this page. Just select “Decent” health under the “Health Class” drop down menu. Give us a call to see if you could possibly qualify for an immediate, whole life insurance policy and get your quote for coverage.
Not Sure? Can You Answer The Following COPD Questions?
Date of COPD Diagnosis?
What lung disease was diagnosed with the COPD: asthma, chronic bronchitis, emphysema, restrictive lung disease?
Have you ever been hospitalized due to Chronic Obstructive Pulmonary Disease (COPD), shortness of breath, used oxygen?
Have you been prescribed any prescription medications, whether used or not?
Any pulmonary function tests been performed?
What is your height and weight?
Smoker or nonsmoker and for how long?
Have you had a chest X-Ray completed?
Has an ECG been done recently?
Do you have any other medical conditions that we have not discussed?
This may seem like a lot of probing questions. This is part of COPD life insurance underwriting that will ideally get you the best outcome. The idea is to give the insurance company underwriter a good picture of where you are at with the disease. This is how we get you the best offer.
No Exam Term Life Insurance With COPD
For anyone who has COPD and wants no exam term life insurance, forget about it. You will be declined. If you need term life insurance, you must qualify in the traditional way. You will be required to have a medical exam, APS (your doctors records ordered) and more. Yes, blood tests are involved so needles are part of the exam. This is the only path for term life insurance with COPD.
Medical exams are free of charge to the applicant. A traveling nurse is sent by the insurance company you are applying with to conduct the exam requirements in your home or business. Based on the application questionaire, paramedical exam in your home/business, your doctor’s records, driving record and prescription history, the insurance company will make a decision or conditional offer.
Applying to right insurance company is key as many life insurance companies are skitish about chronic respiratory conditions. We would have to discuss this with you in person to better understand your overall health before advising you further.
How To Obtain Accurate Life Insurance Rates With COPD
Unfortunately, being diagnosed with Chronic Obstructive Pulmonary Disease will result in higher life insurance premiums. There is no way around that. Plans that do not ask health questions are more expensive to start with and also have 2 year waiting periods for full benefits.
Sorry, there is no way to quote you any life insurance rates with COPD without more detail. What would a life insurance expert need? First, the amount of coverage you need or want. Is the coverage a temporary need or for the remainder of your life? Next, your age, gender, height, weight, tobacco use, medications, severity of the COPD as well as any other medical conditions you may have been diagnosed with. Give us a call, we’d be glad to give you a listening ear, a recommendation and free quote.
COPD and No Exam Whole Life Insurance Options
For many people term life insurance is not the right solution. It may result in a decline. With that cleared up, you should be able to obtain no exam whole life insurance, regardless of the severity of the Chronic Obstructive Pulmonary Disease. We have multiple carriers that even offer first day, full coverage COPD life insurance up to $50,000. If you need more protection, you can purchase additional policies from other carriers we work with. Burial insurance with COPD is available from a few different life insurance companies with first day, full coverage. It is important to seek out and have a conversation with a seasoned broker or independent agent to find the right plan for your situation.
Different Life Insurance Options For People With COPD
With a medical diagnosis of COPD, life insurance for people desiring the best and most affordable protection for their family will have to be willing to discuss their health with a agent or broker prior to making any application. Certain types of life insurance may be available to you while other types may not. Your overall health beyond the medical diagnosis is going to play a major factor whether a term COPD life insurance policy is possible at all. Whole life will have options, just be aware that you will be paying more for coverage than a “good” health individual. Offering life insurance for someone with COPD, the insurance company will be taking greater risk, even if you are not prescribed any inhalers.
Any Term Life Insurance For Someone with COPD?
Term life insurance for someone with COPD is going to be the hardest type of life insurance to qualify for. Forget about the prices you’ve seen on TV or heard advertised somewhere. That pricing is for people in “excellent” health who may also be younger than you.
In your personal situation, the insurance company is going to want to evaluate the severity of the COPD before they can make a decision on your application. In order to do that with term life insurance, we or the insurance carrier would arrange a paramedical exam (free of charge) at your home and order an APS (attending physicians statement) so the insurance carrier can potentially make their best offer. You can expect to be rated up to at least Table 2 rates with even a mild case of COPD. Table 2 rates would required no inhalers prescribed at all. From there it could hit Table 8 or a even a decline if you are using oxygen.
Cheaper Life Insurance For A COPD Diagnosis
Here comes a little bad news. There is no insurance company that is going to give an insured individual a “cheap” price when compared to an individual who has no preexisting conditions. The risk to an insurance company is signficiantly higher when someone’s health is affected by COPD. No “if’s and’s or but’s.”
Understand, the very low rates you hear or see…those are for people in excellent health, typically young people who are not living with any health conditions. With that said, there are a few insurance companies who may be able to offer you cheaper life insurance for COPD than the vast majority of other carriers.
Give us a call and lets talk about your specific situation and how we can help you solve your problem. Depending again on the overall severity of your COPD medical diagnosis, certain carriers may be able to offer you cheaper burial insurance.
Burial Insurance For Seniors With COPD
Trying to obtain the best burial insurance for someone with COPD while a senior can seem frustrating. For starters, you have less options to choose from due to advanced age and/or if the disease has progressed since your initial diagnosis. Wanting burial insurance with COPD that offers premium coverage and still affordable is hard to come by. You’ve come to the right place though. Off the top of my head, I can think of 4 life insurance companies that can offer level benefits and affordable premiums on a whole life insurance policy with a medical diagnosis of COPD.
The key for you will be how much medication/treatment your doctor has prescribed to treat the Chronic Obstructive Pulmonary Disease symptoms as well as other preexisting conditions. Have you been prescribed inhalers and if so how many? Have you been prescribed any oxygen? Do you still smoke? These factors combined with your overall health otherwise will determine your ability to get the best rates for your age. For a senior with COPD, we recommend a no exam, burial insurance policy. Applicants can obtain up to $50,000 of burial insurance with COPD history. If you need more, purchase multiple policies to reach your goal, budget depending. This coverage will be based on whole life insurance only. We have found no exam whole life insurance to be the best life insurance with an advanced COPD diagnosis and very appropriate for our senior clients planning for their final day.
Burial Life Insurance Rates With COPD
Ladies and Gentleman, without your age and total health picture, we can only provide a guide or estimate. Reach out to us. Let’ s have a conversation to zero in on what insurance company and policy would be in your best interest. Otherwise, it is a guessing game. Now, with that said a no exam, burial insurance policy estimate: a 65 year old female with a COPD diagnosis and no oxygen use for $10,000 of first day, whole life insurance: $55/month, + or – 10 dollars depending on the carrier. Certain other preexisting conditions can raise your price. Your ability to meet the other health standards required by the specific company will effect the outcome. For a 65 year old male, an estimate of $66/month + or – $10 for the same $10,000 policy will typically allow a controlled COPD diagnosis without oxygen use.
Yes, men are always more expensive than women all things being equal. This is do to the average life expectancy being higher for women.
Affordable Life Insurance For Smokers?
While we do work with a few carriers that do not charge you for being a smoker, generally you should expect to pay an additional premium for smoking cigarettes with almost all life insurance companies. This is especially significant with life insurance for people with COPD. There are also a few select life insurance companies that do overlook cigar, marijuana and pipe smoking but that is beyond the scope of this article. Please contact us to discuss your specific situation.
The best way to get affordable life insurance for smokers…break your habit for at least 1 year and reapply for whole life insurance coverage as a non smoker. Your rates will drop significantly, even with COPD if your health maintains. For, term life insurance this requires 3-5 years for “non-smoker” rates. The age factor will be working against you significantly in the latter.
Insurance companies know the elevated risk they have with various diseases that are connected to smoking habits, not just COPD. They work with those statistics and will charge you accordingly. Yes, there are some companies who do offer better rates to smokers but they typically don’t make a good offer with a diagnosis of COPD. Depending on the severity, it could even be a decline.
What If My Health Is Very Poor, Use Oxygen Daily and I Smoke?
If your health is very poor and need the best life insurance for COPD you may require a guaranteed issue whole life plan. A combination of multiple serious medical conditions may result in a decline for insurance otherwise. Guaranteed issue life insurance removes all health questions and medical records from impacting the insurance carriers decision. In this particular case, their is no premium increase for smoking. With guaranteed issue whole life, the policy is a pure high risk life insurance policy. As such, the premium charged and limitations included by the insurer reflects elevated risks such as smoking and any other unknown risks including very serious health problems.
The COPD Life Insurance Conclusion
Buying “the best” life insurance for someone with COPD does require an experienced life insurance agent/broker. It does not cost you anything to consult with an independent expert like Maple Valley Insurance Group. Many companies will decline you or “rate you up” because of this condition. Let an experienced professional shop your case out. Your age, overall health (including medications) and whether you continue to smoke cigarettes will determine the insurance companies evaluation. Cheaper life insurance for COPD is easier to secure if you have “kicked” your habit for at least one full year.
Can You Get Life Insurance With A COPD Medical Condition?
We’ve taken a lot calls from upset people over the years who have tried to take out life insurance from big call centers or in response to mailers they received from a couple different insurance companies. I’m not going to mention any names here but the best life insurance for COPD, a high risk life insurance broker and advocate is ideal if you want the optimal outcome. Remember, only very specific insurance carriers seriously consider applicants with COPD. You need an advocate and advisor who can point you to the right solution for your goal after discussing your health history.
What Life Insurance Companies Cover COPD Applicants?
Why are we not mentioning the names of any insurers you can call? Insurance companies as a general rule will refer you to one of their agents if you need cheap life for a COPD medical condition. 95+ percent of insurance carriers will not sell a policy to you “directly” as state law requires a licensed life insurance agent to be involved in the transaction to help insure you were given information needed to make the an informed decision.
Further, we don’t have enough information about you. The best life insurance for COPD patients has a health history process. Some applicants just won’t be able to qualify for the “best.” Additionally, top life insurance companies that offer more liberal underwriting for rocky health are rather “touchy” about their agencies “advertising” that they approve certain conditions until an appointed agent has had a discussion with you to assess your overal risk profile.
Carriers that often accept respiratory ailments do not approve all cases of COPD. Their is one exception to this rule. Unfortunately it is also the most expensive type of life insurance, guaranteed issue whole life. Use the instant quoting tool on this page if you’d like to see the differences. Select “Poor Health” to lock in those particular policies. Now, compare this to others in the “Excellent” health class.
In saying all that… what kind of life insurance policy do you want and how much coverage do you need? How old are you? Do you have any kind of high risk habits or hobbies?
Ladies and gentleman, while one company might be good for the neighbor down the street with COPD, the other may not be ideal for you and decline your application. Don’t waste your time trying to call insurance companies to see if they will approve you. You’ll end up being referred to an agency like Maple Valley Insurance Group, rated up, declined or sold a substandard policy. All of this costs you a lot of time and money…and can leave your family in a real pickle when that day comes.
In conclusion, you can get coverage even if you have COPD. Life insurance for people with Chronic Obstructive Pulmonary Disease does not have to be a frustrating experience. If you have been previously declined, don’t lose heart. We can get you the peace of mind you desire. Let us do the heavy lifting as a valued client of ours. We’ll get you insured with the right company and policy to meet your goals. Does not cost you anything to utilize our expertise.
At Maple Valley Insurance Group, we’re here to help, 6 days a week. 269-244-3420