COPD Insurance Questions & Answers
How do life insurance underwriters view individuals with COPD?
Life insurance for people with COPD is considered to be a higher risk to a life insurance company because the condition is irreversible regardless of how well the disease is being managed.
How an underwriter will assess a person’s application for life insurance, the rating and the premium charged, will largely depend on the severity of the symptoms. As both the lung and heart functions can be impacted by the presence of COPD, the primary concern will focus on how well these organs have been impacted.
One of the primary causes for COPD occurs from smoking. This is another area that will be examined by an underwriter. The cessation of smoking and the length of time that a person has ceased smoking can be paramount in how a person is rated.
Other aspects of the underwriting process will be to determine whether the person continues to experience related symptoms, and the type and usage of medication to control the disease. A medical exam will most certainly be required for a standard life insurance policy.
Obtaining life insurance for people with COPD will also require reviewing any diagnostic tests, especially those performed in the proceeding six months.
What is the health risk of COPD?
COPD is an acronym for Chronic Obstructive Pulmonary Disease. The condition has its most significant impact on the lungs and heart. The disease is mainly caused by smoking or long term exposure to a smoking environment.
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Symptoms vary according to the degree of affliction but can include difficulty or forceful breathing, wheezing, the expulsion of excess sputum or phlegm, coughing and in some instance cyanosis (blue coloration) in the nails.
The disease is irreversible but is treatable with medication and the cessation of smoking or eliminating of exposure to smoking. The disease can be categorized as mild, moderate or severe.
Finding life Insurance with COPD
Finding life insurance for people with COPD will be dependent on the severity of symptoms. Approval is also be dependent on a person’s smoking history, and when and how long they have ceased smoking. Other factors will be taken into account which also can be quite different in the criteria used to evaluate the insurability of a person who has been diagnosed with COPD
Every life insurance company has its own unique manner in how they assess and rate a person with this condition. Some companies are much more conservative in their underwriting approach than other insurers. How a person has their life insurance policy assessed, and the rating they are designated along with the premium being charged can vary quite significantly.
The insurance agents below are listed by the number of contributor points they have earned from answering questions related specifically to COPD. You may click on an agent to view their individual agent profile.
- 15 Points
- 10 Points
- 10 Points
- 10 Points