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Life Insurance and Emphysema. Everything You Need to Know at a Glance!


Life Insurance with Emphysema.

In this article, we wanted to take a moment and try and answer some of the most common questions we get from folks applying for life insurance after being diagnosed with Emphysema.

Questions that will be directly addressed will include:

  • Can I qualify for life insurance if I have been diagnosed with Emphysema?
  • Why do life insurance companies care if I’ve been diagnosed with Emphysema?
  • What kind of information will the insurance companies ask me or be interested in?
  • What rate (or price) can I qualify for?
  • What can I do to help ensure that I get the “best life insurance” for me?

So, without further ado, let’ dive right in!

Can I qualify for life insurance if I have been diagnosed with Emphysema?

Yes, individuals who have been diagnosed with Emphysema can and often will be able to qualify for a traditional term or whole life insurance policy.  The only problem is that because Emphysema is considered a long-term progressive disease, most (if not all) of the best life insurance companies are going to consider anyone that has been “officially” diagnosed with Emphysema as a “high-risk” applicant.

Why do life insurance companies care if I’ve been diagnosed with Emphysema?

Any time an individual has been diagnosed with a chronic and progressive disease that can have some pretty significant consequences to one’s health, it’s a pretty safe bet that most (if not all) life insurance companies are going to be interested in it.

And this is…

Exactly what we find when working with an individual who has been diagnosed with Emphysema.  It’s also why we wanted to take a moment to review exactly what Emphysema is and take a look at some of the most common symptoms associated with this disease so that we may gain a better understanding of what individual life insurance underwriters will be looking at/for when making their decision about your life insurance application.

Emphysema Defined:

Emphysema is pre-existing medical condition which will often fall under the “umbrella” diagnosis of Chronic Obstructive Pulmonary Disease or COPD.  More specifically though, it is a pre-existing medical condition which causes the alveoli (air sacs) within the lungs to become damaged.  It is a condition that is usually caused by smoking or being exposed to air pollution, dust or chemical fumes for a prolonged period of time.

Symptoms may include:

  • Excessive mucus accumulation within the lungs,
  • Increase risk of respiratory infections,
  • Difficulty breathing,
  • Wheezing,
  • Fatigue,
  • Cyanosis,
  • Sleep problems,
  • Etc…

Unfortunately…

There isn’t a cure for emphysema, however individuals may find relief to their symptoms by utilizing a variety of different medications including aerosol sprays, bronchodilators, steroids and or antibiotics to fight off any infections.

And here is where…

We might run into trouble because, like many other pre-existing medical conditions the “severity” of one’s condition can vary significantly from one life insurance applicant to another.  This is why, prior to making any kind of decisions about your life insurance application, most life insurance companies are going to want to learn more about your specific situation and just how “serious” your emphysema might be.

What kind of information will the insurance companies ask me or be interested in?

Common questions you might be asked may include:

  • When were you first diagnosed with emphysema?
  • Who diagnosed your emphysema? A general practitioner or a specialist?
  • What symptoms (if any) led to your diagnosis?
  • How was your emphysema diagnosed?
    • Have you had any lung functioning tests performed?
  • Do you know why you have developed emphysema?
  • Have you been diagnosed with any other pre-existing medical conditions?
  • Are you currently taking any prescription medications?
  • Do you receive oxygen treatments?
  • Over the past 12 months, has your emphysema improved? Worsened?  Or remained stable?
  • In the past 2 years have you been hospitalized of any reason?
  • In the past 12 months, have you used any tobacco or nicotine products?
  • Are you currently working now?
  • In the past 12 months, have you applied for or received any form of disability benefits?

Now at this point…

We usually like to take a moment and remind folks that nobody here at IBUSA has any kind of “official” medical training and we’re certainly not doctors.  All we are is a bunch of life insurance agents who just happen to be really good at helping folks with pre-existing medical conditions like this one, find and qualify for the life insurance coverage that they are looking for.

But…

Not so great if you’re looking for answers to any specific medical questions.  In cases like these, we would recommend that you contact a true medical professional who has the training to help.  For everyone else, you’re in luck because now we’re going to get into some of the “nitty gritty” about what you may or may not be able to qualify for.

What rate (or price) can I qualify for?

As you can see from the list of questions we’ve mentioned above that there are a lot of factors that can come into play when trying to determine what kind of “rate” an individual might be able to qualify for after they have been diagnosed with Emphysema.  This is why, it’s pretty much impossible to know what kind of “rate” you might be able to qualify for without first speaking with you for a few moments.

That said however…

There are a few “assumptions” that we can make that will generally hold true especially if you have been diagnosed with Emphysema and you currently smoke any form of tobacco (think cigarettes, e-cigs, cigars, etc…).  This is because if you have been diagnosed with Emphysema and you do smoke, it’s pretty much a given that you will not be able to qualify for a traditional term or whole life insurance policy.

The good news is…

That if you have been diagnosed with Emphysema, and you have been “smoke free” for at least 12 months, there is a chance that you may be able to qualify for coverage, only now it’s pretty safe to say that you will be considered a “high-risk” applicant which will mean that we’ll definitely want to be more “selective” with which life insurance companies we do choose to recommend.

Which brings us to the last topic that we wanted to take a moment and discuss with you which is…

What can I do to help ensure that I get the “best life insurance” for me?

In our experience here at IBUSA, what we have found that works best for folks who have been diagnosed with a pre-existing medical condition where the “severity” of the condition is often “subjective” is for the applicant to make sure that they first find a true-life insurance profession who will work as an advocate for you.

Such an agent…

Will not only help guide you through the application process but also be perfectly “frank” with you about what options may or may not be possible for you.

From there…

You’ll also want to make sure that the very same agent you have chosen has access to dozens of different life insurance companies because after all, it really doesn’t matter how “great” of a life insurance agent you might have if they don’t have access to the “best” life insurance policy for you!  Now does it?

Now will we be able to help out everyone who has been previously diagnosed with an Emphysema?

No, probably not.  But what we can tell you is that in addition to offering a wide variety of different term and whole life insurance policies, IBUSA has also worked very hard to establish relationships with many of the Best Burial Life Insurance Companies as well so that in the event that someone isn’t able to qualify for a traditional life insurance policy, chances are there may be  some other “type” of product that you CAN qualify for.

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