Burial Insurance with Asthma

Woman Wondering About Burial Insurance with Asthma

Getting affordable burial insurance with asthma or any other pre-existing condition generally depends on the severity of your asthma and how well you manage it.

Whatever kind of asthma you have you can qualify for affordable burial insurance.

In this article, we will explore how insurance companies underwrite people with asthma and how to get the best burial insurance plan with asthma at the lowest pricing.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF ASTHMA?

SEASONAL ASTHMA

Seasonal asthma is normally caused by pollens in the air or other climate-related issues. Seasonal asthma attacks infrequently occur, sometimes a couple of times a year, and can be effectively treated with medications until the seasonal conditions pass.

Most well-controlled clients with seasonal asthma will qualify for a level death benefit with first-day coverage.

Best Option: Level death benefit plan with first-day coverage


MILD ASTHMA

If your asthma is mild and your attacks happen only from time to time, and you can be treated with inhalers or medications, you will qualify for a level death benefit plan that covers you fully from day one.

Best Option: Level death benefit plan with first-day coverage


MODERATE ASTHMA

When your attacks increase your case may be classified as moderate. You may be prescribed stronger medications such as nebulizers and steroids, and could occasionally result in emergency room treatment. You will still qualify for a level death benefit.

Best Option: Level death benefit plan with first-day coverage


SEVERE ASTHMA

Severe asthma is characterized by frequent strong attacks that require regular treatment by doctors and hospitalization.

The best option for severe asthma with recent hospitalizations is a first-day benefit plan with coverage that is phased in over time.

Best Option: First-day benefit plan


ASTHMA AND SUPPLEMENTAL OXYGEN

It will be difficult to qualify for first-day coverage if you are required to take supplemental oxygen. No insurance carrier offers instant coverage to those who are using supplemental oxygen. Regardless, you will still be eligible for a guaranteed issue life insurance plan.

Guaranteed issue life insurance offers a significant benefit of offering first-day coverage for any kind of accidental death. However, it has a two-year waiting period, if you die in the first two years as a result of any medical issue, you will get your premiums returned plus 10% interest. 

The only exception is if you are using a continuous positive airway pressure (CPAP) which uses forced air. Forced-air CPAP does not rely on concentrated oxygen to operate. It simply takes air in the surrounding environment and forced it down the windpipe. If you use CPAP, you will still qualify for first-day coverage.

You can qualify for guaranteed issue life insurance even if you have other lung diseases like COPD, emphysema, and chronic bronchitis.

Best Option: Guaranteed issue burial insurance


WHAT TYPES OF BURIAL INSURANCE SHOULD I AVOID?

PLANS TO AVOIDWHY?
Term lifePremiums increase after 5 years. Coverage ends after 80.
Pre-paid funeral plansExpensive
Universal lifeTied with stocks
No health questions policiesWith 2-year waiting period
Plans offering "teaser rates"$9.95 per unit plans or $1 buys $30,000 coverage
Over priced plansInsurance from TV and junk mail
Plans that accept mail-in paymentsRisky
Plans that accept Direct ExpressHigh lapse rate
Plans that accept Credit CardsHigh lapse rate


WHAT TYPE OF BURIAL INSURANCE IS BEST?

FUNERAL FUNDS PLAN BENEFITSINCLUDED
1st Day CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy to get approvedYES
No Medical ExamYES
Same Day ApprovalYES
Death Claims Pay FastYES
Builds cash valueYES
Coverage Up To Age 121 YES


IF I HAVE ASTHMA, DO I NEED A MEDICAL EXAM TO QUALIFY FOR BURIAL INSURANCE?

You are NOT required to take a medical exam to qualify for burial insurance with asthma.

When you apply for burial insurance, you only have to answer some basic questions about your health. The application process is simple, and you don’t need to provide medical records or blood and urine samples.

You’ll get the official approval from the insurance company often within minutes!


BURIAL INSURANCE UNDERWRITING IF YOU HAVE ASTHMA

Burial insurance companies have two ways of underwriting:

FIRST – They may ask you a series of health questions. Your answers to their questions will determine your eligibility.

SECOND – They will electronically review your prescription history to verify your health.


HEALTH QUESTIONS:

It’s a very rare occasion when insurance companies will specifically ask about asthma in their health questions. Most life insurance carriers do not care about asthma. We can easily help you qualify for first-day coverage at the lowest rate.

The only thing the insurance companies want to know about if you have asthma is if you are using supplemental oxygen to assist in breathing. You will typically see them ask this way:

  • Is the proposed insured currently hospitalized, using oxygen equipment to assist in breathing?
  • Are you currently hospitalized, confined to a bed, or using oxygen equipment to assist in breathing?
  • Within the past 12 months have you used, or been advised to use, oxygen equipment to assist with breathing (excluding use for sleep apnea)?


PRESCRIPTION HISTORY CHECK:

Medication information helps the insurance carriers to determine the seriousness of your asthma and how well you control the symptoms.

Doctors prescribe drugs depending on the severity of your asthma. Inhalers are prescribed to open airways quickly. These medications are a common treatment for mild intermittent asthma. A low dose of corticosteroid may also be prescribed daily to control inflammation.

Oral medications, inhalers or nebulizes are prescribed for those with moderate persistent asthma. Those with severe asthma use rescue inhaler to relieve symptoms.

Here is a list of common asthma medications:

  • Albuterol (ProAir HFA, Ventolin HFA)
  • Beclomethasone (Qvar RediHaler)
  • Budesonide (Pulmicort Flexhaler)
  • Budesonide and formoterol (Symbicort)
  • Ciclesonide (Alvesco)
  • Fluticasone (Flovent HFA)
  • Fluticasone and salmeterol (Advair Diskus)
  • Fluticasone and vilanterol (Breo)
  • Ipratropium (Atrovent HFA)
  • Levalbuterol (Xopenex HFA)
  • Methylprednisolone
  • Mometasone (Asmanex Twisthaler)
  • Mometasone and formoterol (Dulera)
  • Montelukast (Singulair)
  • Prednisone
  • Salmeterol
  • Zafirlukast (Accolate)
  • Zileuton (Zyflo)

Taking any of these drugs will indicate that you have asthma. However, the majority of burial insurance carriers are okay with these prescriptions. You may still qualify for burial insurance coverage even if your doctor prescribes these medications.


HOW MUCH INSURANCE DO I NEED IF I HAVE ASTHMA?

The amount of burial insurance you should buy varies depending on your personal and financial circumstances. However, burial insurance should cover the cost of your funeral, burial, and final expenses.

The first step to figuring out how much burial insurance you need is to know your end-of-life expenses. Your funeral cost is often the biggest single expense you need to pay. Other end-of-life expenses to consider are your outstanding medical bills, living expenses, credit card bills, and other debts.

Here’s an example of a funeral cost breakdown from the National Funeral Directors Association.

AVERAGE FUNERAL COST WITH VIEWING AND BURIAL 
Non-declinable basic$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Hearse$340
Service car/van$150
Basic memorial printed package$175
Metal casket$2,500
Vault$1,495
Median Cost of a Funeral With Viewing and Burial$9,135
AVERAGE FUNERAL COST WITH VIEWING AND CREMATION 
Non-declinable basic services fee$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Service car/van$150
Basic memorial printed package$175
Cremation fee (if firm uses a third-party crematory)$350
Median Cost of a Funeral with Viewing and Cremation$5,150
Cremation Casket$1,200
Rental Casket$995
Alternate Cremation Container$150
Urn$295


HOW SHOULD I PAY MY PREMIUMS?

The best way to pay your premium is through a savings or checking account. We recommend you set a bank draft from your savings or checking account. That way, the bank will automatically pay your premium each month and you don’t need to worry about your policy lapsing due to non-payment.

PAYMENT METHODRECOMMENDED?
Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
PAYMENT FREQUENCYRECOMMENDEDACCEPTED BY
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies


ASTHMA AND BURIAL INSURANCE RIDERS

Insurance policy riders add benefits to your policy. Adding insurance riders will enhance your policy to fit your needs. Some riders are built into your policy, while other riders can be added at an additional cost. Most riders are affordable, and it involves little to no underwriting.

Here’s a list of common burial insurance riders:

FUNERAL FUNDS ADD-ONSAVAILABILITY
Terminal Illness Add-On BenefitIncluded with most plans
Nursing Home Care Add-On BenefitIncluded with most plans


INFORMATION WE NEED IF YOU HAVE ASTHMA

When you apply for burial insurance, we’d like to know some information about you in order for us to get you the best insurance company offering the lowest premium if you have asthma.

We will ask you a series of health questions to get a better idea of your condition.

These questions include:

  • When were you first diagnosed with asthma?
  • What medications are you taking for asthma?
  • How long since you’ve been diagnosed with asthma?
  • How many asthma attacks have you suffered in the past 12 months?
  • Have you ever need to visit the emergency room due to an asthma attack?
  • When is your last hospitalization due to asthma?
  • Have you used any tobacco or nicotine products in the past 12 months?

We need to know your medical condition to be able to provide you with the best recommendation. The more information we get, the better your chances of finding affordable insurance coverage.


HOW TO GET THE BEST BURIAL INSURANCE RATES FOR ASTHMA PATIENTS?

If you have asthma and need to purchase burial insurance, your best action to take is to contact an experienced independent insurance agency that understands the challenges of getting a life insurance policy for people with asthma. Your independent agent should represent multiple burial insurance carriers to get you the best eligibility and pricing.

Funeral Funds that represents multiple insurance companies. We will compare prices for you to identify which carriers will offer you the lowest price.


BENEFITS OF BURIAL & FUNERAL INSURANCE

Here are some of the benefits of purchasing a burial or funeral policy:

  • No medical exam or doctor’s visit required – easy to get approved.
  • Ease of issue – easy to qualify and get insurance coverage.
  • No Money Down to get approved – have your policy start whenever you want.
  • Level premium – your premium will never increase.
  • Fixed death benefit – your death benefit will never decrease for any reason.
  • Permanent protection – your policy can not be canceled by the life insurance company as long as you continue to pay your premiums.
  • Tax-free – the death benefit is directly paid to your beneficiary tax-free upon your death
  • Cash value builds up – burial insurance is a whole life policy that builds cash value over time.


OTHER COMMON USES FOR FINAL EXPENSE LIFE INSURANCE WITH ASTHMA

All of these examples are appropriate uses for Final Expense Life Insurance:

  • Burial insurance plan with asthma
  • Cremation insurance plan with asthma
  • Funeral home insurance plan with asthma
  • Final Expense insurance plan with asthma
  • Prepaid funeral plan insurance with asthma
  • Mortgage payment protection plan with asthma
  • Mortgage payoff life insurance plan with asthma
  • Deceased spouse’s income replacement plan with asthma
  • Legacy insurance gift plan to family or loved ones with asthma
  • Medical or doctor bill life insurance plan with asthma

We can help you with any of the plans above. Your pricing will depend on your age, health, and coverage amount for each program option.


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy with asthma needn’t be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.

We will work with you every step of the way to find the plan that fits your financial requirements and budget. You need not waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you.  We will search all those companies and match you up with the best burial insurance company that gives the best rate.

We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for funeral or burial insurance with asthma in your medical history, we can help.

Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.

Funeral Insurance, Final Expense Insurance, Burial Insurance With Asthma Infographics

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