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Disclaimer: This article only pertains to chronic bronchitis. If you have been diagnosed with COPD or emphysema, read this article. COPD and emphysema supersede chronic bronchitis as far as the insurance companies are concerned.
Think you can’t get low cost burial insurance with chronic bronchitis?
Well you can!
It’s true that most companies out there will charge you an inflated monthly price because of your chronic bronchitis.
At the same time, 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 force you to endure a waiting period.
We have plenty of experience helping chronic bronchitis folks secure the absolute lowest cost final expense insurance possible. Today we are going to give you a complete behind the scenes look at what it’s like to buy final expense insurance when you have chronic bronchitis.
In this article you will learn how insurance companies might react to someone with chronic bronchitis, what options you will have, and how to find your best plan.
Quick Article Guide
Since this is a chronic condition that can’t be cured, most companies will not react favorably.
However, there a couple of insurance companies that will offer you a level death benefit plan in spite of the chronic bronchitis. This means two things. First, your payment will be consistent with a person who is in perfect health. Second, your coverage will protect you in full immediately. Please remember, there are not many companies that offer this incredible value, so hopefully you don’t have any other health issues that prevent you from qualifying with them. Outside of these companies, you will experience companies offering you plans that pay a portion of your death benefit during the first two years, or none at all. Along with a limited or no death benefit during the first two years, you will also experience higher monthly premiums.
You might be wondering, what’s the application process like for burial insurance?
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 to answer some questions about your health. In most cases, the insurance company will render a decision regarding your eligibility within 15 minutes.
Every burial insurance company will go through a process to qualify you. In most cases, they will ask you a series of formal health questions. In addition, they will review your prescription history. Both of these things will give them all the information they need to let you know if they can approve you or not.
Chronic Bronchitis In The Health Questions
Most final expense life insurance companies will specifically ask about chronic bronchitis in their health questions. Keep an eye out because some of them won’t specifically use the words “chronic bronchitis”. They may use phrases like “chronic lung condition”.
You will find that most companies will ask if you have ever had this condition at any point in your life. They do this because it’s a lifelong chronic condition that can’t be cured. Nevertheless, there are a few companies that do tie a specific period of time (i.e. within the last 2 years) to the question that asks about chronic bronchitis.
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?
If you have chronic bronchitis, you would need to say yes to any of those kinds of questions.
Here’s the thing
There are some burial insurance companies that DON’T ask about chronic bronchitis or chronic lung conditions. Because they don’t ask about it, it means they willing accept people with this condition.
It’s with these companies where you find the best price and coverage hands down.
Chronic Bronchitis Treatments
Most patients with this affliction will be prescribed various bronchodilators or steroids. There are tons of different bronchodilators on the market, and some of them are also used to treat COPD or emphysema.
Here are some of the most popular ones:
Here’s the thing
We really can’t give you a clear cut and dry formula to follow regarding these prescriptions. The reality is, every burial life insurance company has different underwriting. For example, some companies will see a person taking Brovana, and absolutely classify them as a COPD patient.
Then again, another company might not inherently view a Brovana prescription as a clear indication the person has been diagnosed with COPD. This kind of scenario plays out all the time with all these drugs.
In the end, you need a highly experienced agency like us to sort through your medications to see which companies would be most accepting of your health and your medications.
Here’s the bottom line
Your prescription history will be a part of the application process. If you are taking medications for your chronic bronchitis, you won’t be able to hide it. Even if you were to say no to their health question about chronic bronchitis (horrible idea by the way), your medication history would override your no answer.
If you are receiving oxygen treatments, read this article. In a nutshell, because of your oxygen use you cannot get a policy with any company whereby you are fully protected on the first day. However, you can get a policy that partially protects you during the first two years. Read that article for complete details or call us.
You will find a variety of reactions among all the different burial insurance companies. Below are all the possible outcomes given a chronic bronchitis diagnosis.
- They freely accept you even though you have chronic bronchitis. You don’t pay any extra premium monthly, and your coverage protects you 100% from day one of your policy.
- They offer you full instant protection, but they charge you a higher monthly premium.
- They charge you a higher monthly premium, and they limit the payout of your death benefit if you pass during the first two years. Most often, these are called “graded” plans. They usually pay 30-40% during the first year, and 70-80% during the second year.
- They charge you much higher premium and they impose a full two year waiting period before your policy will pay a death benefit. If you do die during the first two years, they will refund all your premiums plus interest.
If it isn’t painfully clear already, your best bet is to get qualified with a burial insurance company that offers a plan like #1. However, if that isn’t possible due to some other health issues, your next best bet would be to go with a company like #2. Last but not least, go with #3 if the first two are not options.
As is the case for pretty much every health condition, some companies excel at offering a superior product to people with certain afflictions. This is especially true when it comes to chronic bronchitis. Below are four companies in particular that offer excellent burial insurance plans to folks who have this condition.
Royal Neighbors of America
This is one of two companies that simply does not ask about or care about chronic bronchitis. To them, having it is the same as not having it. You will pay the same price as a person in perfect health would. Not to mention, your coverage will start in full the day your first payment is processed.
Assurity Life Insurance Company
Like Royal Neighbors, they too don’t inquire about chronic bronchitis. However, with them you cannot smoke. If you do, they will not accept you. You must be tobacco free for at least 12 months. If you are, they will offer you a super low price, and instant coverage with no waiting period.
These next two companies are still very good options. However, both of them will charge you a higher monthly premium. Royal Neighbors and Assurity won't charge you any extra. If you don't qualify with them for some reason, these next two companies are excellent choices.
Liberty Bankers Life
They will gladly accept you and still offer you day one coverage. The caveat is the monthly price will be a bit higher compared to someone who does not have chronic bronchitis.
A very well known company that also offers full day one coverage for folks with chronic bronchitis. They will be a bit more expensive than Liberty Bankers Life. However, Transamerica’s underwriting overall is one of the most liberal in the business. If you don’t qualify with Royal Neighbors, Assurity, or Liberty Bankers, you probably qualify with Transamerica.
Clearly, there is a lot to absorb here. Sorry but it’s just the nature of the business. Finding the best plan is something that should be handled by a true professional. It’s very similar to hiring an attorney to help you with some legal trouble.
Here’s the deal.
To find the best burial insurance with chronic bronchitis you must recruit the services of a highly experienced final expense agency that represents lots of insurance companies. They will evaluate your health and determine which insurance companies will be most accepting of your situation. Then it’s just a matter of seeing which burial insurance company wins the quote war.
You can try to do this on your own, but you will likely spend a ton of time doing so, and never come close to finding the kind of value an independent agency can provide.
Why do we say this?
Well for starters, there are tons of burial insurance companies on the market that you have never heard of. For example, have you ever heard of Royal Neighbors, Assurity, or Liberty Bankers Life?
These kinds of companies offer an incredible value to people. This especially true for folks with chronic bronchitis. The only way you will access them is through an independent agency like Choice Mutual.
It costs you nothing to work with an agency like us, and your insurance isn’t more expensive.
Our job is to match you with whichever insurance company that will offer you the best plan at the best price. That’s our only objective. Not to mention, we work with lots of burial insurance companies that you don’t know about, and they provide amazing value (and yes they are all still very repeatable and trustworthy).
We can deliver their amazing value to you. Whereas on your own, you will pay more and probably have a plan that won’t pay a death benefit until you have been in it for two years. This is especially true if you have some pre-existing conditions.
Let us be your burial insurance superman.
We can do the work for you and deliver value to you that you can’t find on your own. You just have to call us at 1-800-644-2926, or let us call you by filling out the quote form with your phone number.