Life Insurance With Asthma

Hi,

I’m 35 and have recently started having asthma attacks. My GP says I’m fine but I’m worried because I’m trying to buy a house and need to put mortgage protection in place. Can I get covered?

Looking forward to your response,
Dean

You’ll be able to get life insurance with asthma…

….but be careful or you may end up paying a lot more than you should.

Can I get life insurance with asthma?

When it comes to applying for life insurance with asthma, some life insurance companies will welcome an application from you while others will prefer not to take you on.

It’s not difficult to get life insurance with asthma but unless you know where to look, it can be hard to find the best insurer to apply to.

Childhood asthma | Mild, moderate or severe asthma?

Which category of asthma do you fall into?

• Best case: either a history of childhood asthma only or exercise induced asthma, with no symptoms otherwise
• Mild: minimal symptoms that are easily controlled on medication, no hospitalisation or oral steroids
• Moderate: regular symptoms & exacerbation with oral steroids and/or hospital admissions
• Severe: frequent symptoms, requiring hospital admissions & oral steroids

Will I pay more for life insurance because of asthma?

If you fall under childhood asthma or mild asthma then you should have nothing to worry about – you should get the same price as someone who doesn’t suffer from asthma.

However, if you are a moderate or mild sufferer, you will pay more for your cover. This is where it is important to choose a sympathetic insurer. Some insurers will increase the price you pay by 50%, others will increase it by 150%!

What if I smoke?

Asthma is aggravated by smoking and this can cause an increase in your premium even if you only suffer mild asthma.

Will I need to do a medical when applying for life insurance with asthma?

Life insurance companies rarely request a medical, they can usually make a decision based on your application form and asthma questionnaire.

However if you have been hospitalised within the previous five years or have had more than two episodes of oral steroids, the insurer will write to your GP.

Over to you…

Let me know if you are an asthma sufferer and would like to get the best price on your life insurance or mortgage protection.

I’ll walk you through the application process, apply to the most sympathetic insurer and make sure you get the lowest price with the least amount of hassle.

If you’d like me to make a recommendation on the types of cover you should consider based on where you are in life, please complete this questionnaire and I’ll be right back.

Nick McGowan LION.ie
The Life Insurance Experts