Long-Term Care Insurance and Asthma
Long-term care insurance and asthma may not seem like they go together. Shopping for a long-term care insurance policy may seem confusing especially if you have asthma. Getting long-term care insurance with asthma is possible if you work with a long-term care insurance specialist that will help you shop for a policy.
Can I qualify for long-term care insurance if I have asthma?
If you have asthma you can probably qualify for long-term care coverage. Every insurance company has different criteria to determine who they can insure. It’s important to work with an experienced, independent agent who is familiar with the four main types of long-term care coverage. An independent, long-term care specialist can recommend the perfect policy for you based upon your health history.
Which type of long-term care policy should I buy if I have asthma?
There are four main types of long-term care coverage: traditional long-term care insurance, long-term care partnership programs, life insurance with long-term care riders, and annuities with long-term care riders. The best type of policy for people with asthma is usually a traditional long-term care policy or a long-term care partnership program. However, everyone’s situation is unique. Click here to try our proprietary “Policy Finder” tool (no phone required). It will give you an instant ranking of the four types of policies based upon your answers to a few short questions.
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Will I pay more for long-term care insurance if I have asthma?
Every long-term care insurance company is different. Some long-term care insurers may charge applicants 10% more for asthma. Other insurers may charge applicants up to 45% more for asthma. That’s why it’s important to work with an long-term care insurance professional who can help you shop around and compare several different policies.
Can I qualify for long-term care insurance if I have a family history of asthma?
Yes, you can qualify for long-term care insurance if you have a family history of asthma. Most long-term care insurance companies are not concerned when there’s a family history of asthma.
Can I qualify for long-term care insurance if a genetic test shows I may develop asthma?
We always advise our clients to apply for long-term care insurance before they get genetic testing. If you have a genetic test that shows you could develop asthma, you will probably still be able to qualify for long-term care insurance. To make sure, click here to schedule a 15-minute conversation with one of our long-term care insurance specialists (no obligation).
Can I qualify for long-term care insurance if I’ve already applied for and been denied coverage due to asthma?
Long-term care insurance specialists have less than 20% of their applicants declined. Insurance “generalists” have about 50% of their long-term care insurance applications declined. With over 25 years of experience, we can pinpoint exactly which company (and which type of policy) you’ll be able to qualify for. We have about an 80% success rate in helping our clients get approved even if they were previously declined.
If you have asthma, a long-term care insurance specialist will ask you the following questions to determine if you can qualify for a long-term care insurance policy and calculate your premium:
When were you first diagnosed with asthma?
What prescriptions have you taken in the last year for asthma?
Have you ever been hospitalized or required an emergency room visit due to asthma? If so, when?
Is your asthma described as mild, moderate, or severe?
How many exacerbations do you usually have each year?
Have you used any tobacco in the past 12 months?