People suffering from Asthma looking for life insurance should have no issues in getting covered for the majority of cases, especially where the Asthma is mild and diagnosed many years ago. Asthma life insurance is generally viewed by underwriters as lower risk due to the type of condition that it is and therefore terms offered will generally be either standard rates or a small loading applied. Life insurance for people with Asthma will depend on a number of factors, such as:
- Frequency / severity of symptoms or attacks
- Medication (e.g. which inhalers used and how often)
- Use of Steroids for treatment
Asthma life insurance can be subject to additional underwriting where there is use of oral steroids or for smokers (especially heavy smokers). There may also be additional medical information required for Asthma life insurance if you have been admitted to hospital as an in-patient or out-patient within the past 5 years. More severe cases where there has been multiple attacks in the past several years and symptoms are more acute then Asthma life insurance may be offered with an increase to your premium or even declined in very serious cases.
For the majority of people who suffer from Asthma, symptoms are generally mild and well controlled which means that we are generally able to offer standard premiums for Asthma life insurance with no special terms. If you have suffered from Asthma for a number of years and have previously had life insurance accepted on special terms then it is always worth reviewing your cover to see whether your premium can be reduced due to better control or improvements in underwriting.