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Disclaimer: This article is specifically for chronic bronchitis. If you have been diagnosed with COPD or emphysema, please see our other articles for those specific conditions
Its very common to think that if you have chronic bronchitis, you can’t get burial insurance. It’s true that most companies will probably charge a high monthly price because of your chronic bronchitis.
The good news is, there are some companies that don’t view chronic bronchitis as a high-risk condition. This means they won’t charge you more money or offer coverage with restrictions.
In this article you will learn how insurance companies measure the risk of someone with chronic bronchitis, what options you will have, and how to find the plan that best fits your situation.
The Reality About Burial Insurance with Chronic Bronchitis
Since this is a chronic condition that can’t be cured, most companies will not react favorably. But if you are relatively healthy outside of the chronic bronchitis, there are still companies willing to offer a very competitive price point.
If you’re wondering how many hoops you’ll have to jump through, you will be pleased to know that you will not have to provide doctor records or take any kind of exam. You will only have a health questionnaire that you’ll need to fill out. Based on the answers to the questionnaire, we will be able to know in 5-15 minutes which companies will be willing to over you coverage.
Chronic Bronchitis Underwriting
Underwriting is basically what every insurance company will go through to assess the risk they’re taking on by offering you coverage. In most cases, they will ask you a series of health questions and pull your prescription history. Those two steps alone will give them nearly all the information they need to make a decision.
Chronic Bronchitis Questions on the Application
Most final expense life insurance companies are going to ask about chronic bronchitis in their health questions. This is where working with Simplegacy can be a huge benefit to you because some of them either won’t ask or won’t specifically use the words “chronic bronchitis”. They may use phrases like “chronic lung condition”.
Some companies will ask if you have ever had this condition at any point in your life. They do this because it’s a condition that can’t be cured. That said, there are still a few companies that will still ask about chronic bronchitis within a time frame, like the last 2 or 3 years…
Last but not least, most companies will lump chronic bronchitis, emphysema, and COPD into one big question.
Here are some examples of how burial insurance companies may ask about it:
Have you ever had or been treated for chronic bronchitis, emphysema or COPD?
Within the last 24 months, have you ever had, been advised to have, or received treatment for COPD, chronic bronchitis or emphysema?
Have you ever had or been treated for COPD, emphysema or any other chronic lung condition excluding asthma?
The good news though is that there are also some burial insurance companies that DON’T ask about chronic bronchitis or chronic lung conditions at all. In the insurance world, if they don’t ask about it, that means they don’t care, and we don’t need to tell them about it! That means that if the Chronic Bronchitis is your only major health issue, you could very possibly get covered for a monthly payment that’s the same as a perfectly fit individual.
Chronic Bronchitis Treatments
Most patients that deal with this are prescribed either bronchodilators or steroids. There are many different bronchodilators on the market today, some of which are also used to treat COPD or emphysema. Here are some of the most popular ones:
Here’s the thing
Your prescription history is definitely going to be a factor if you’ve ever been prescribed anything for your chronic bronchitis. They will see the prescriptions in your medical history and the story that your prescription history tells will be the ultimate piece to their puzzle.
Because each company has their own internal list of what medications are red flags, there’s no clear cut and dry formula to follow regarding these prescriptions. The reality is every burial life insurance company has a different process. This is especially true since medications can be used differently, you could be taking Brovana for chronic bronchitis. Insurance company A might be perfectly okay with this while insurance company B might assume you have COPD and decline you regardless of how you answered the questionnaire.
If you’re on oxygen, you won’t be able to get a policy with any company that will offer you 100% coverage on the first day. However, you can get a policy that will offer partial protection during the first two years. Call us if this is your situation so we can get more details and piece together a strategy that will work best for you.
Policy Options When You Have Chronic Bronchitis
As we have already started to point out, every insurance company is going to be different. Before speaking to you and knowing the full picture of your health situation, there’s no way to know what is going to be your most likely option to pursue. That said, regardless of the situation or which insurance company you go with, your options are going to fall into four different buckets.
1. They freely accept you because they don’t care if you have chronic bronchitis. You don’t pay any extra premium monthly, and your coverage protects you 100% from day one of your policy.
2. They offer you full coverage from day one, but they charge you a higher monthly price because they see a slightly higher risk.
3. They charge you a higher monthly price and they limit the payout if you pass away during the first two years. They usually pay 30-40% during the first year, and 70-80% during the second year. This is called a graded policy
4. They charge you much higher premium and if you pass during the first two years, they will only refund your premiums plus interest, usually a 10-15% interest.
Obviously, the best option is to find a burial insurance company doesn’t care and offers coverage at a price that’s the same as a person that has zero health issues. However, if that isn’t possible due to some other health issues, your next best bet would be to go with a company like the second and then move down the list as your health situation requires you too. The further down the options you go, typically the higher the monthly payment becomes.
How To Find The Best Burial Insurance With Chronic Bronchitis
Clearly, there is a lot to absorb if this isn’t what you do all day, every day. Sorry but it’s just the nature of the business. It’s probably starting to become obvious that finding the best plan is going to require working with a professional that understands all the ins and outs and can help you navigate everything.
Simplegacy works with 20+ insurance carriers. Not only will we find a company to work with you, we will find multiple. When we do, we can compare rates and impartially recommend whichever carrier will give you the best value. We are not tied to any single company, which gives us the ability to unbiasedly tell you what your best solution is. Since we only work in the Burial/Funeral/Final Expense Insurance category, you will never have to worry about being “cross-sold” or pushed into a solution that doesn’t make sense in the long run for you.
We are here to help you in any way we can. We will use every resource available to us in order to help you find the best policy that will work for you and your family. Our goal is to approach every scenario the way we would if it was our own family that we were planning for.
Call us at 888-519-9119 or fill out the quick quote form for an instant quote.