How to Obtain Final Expense Insurance with COPD

Overview

Chronic obstructive pulmonary disease (COPD) is one of the common respiratory diseases that affect the lungs. COPD affects the airways in the lungs. Getting a life insurance plan with COPD is a challenging task. Yet, final expense insurance offers coverage to people with COPD. Let’s explore how you can obtain final expense insurance with COPD.

What Is COPD?

COPD is a lung disease and exposure to harmful substances causes this disease. It limits the airflow in the lungs and affects the airflow. Studies suggest that it is a common cause of death in most people. People, especially, those working in the industrial sectors are at high risk of developing COPD. Also, the prevalence of COPD is high in smokers and those older than age 40

COPD causes chronic inflammation in the lungs. This chronic inflammation changes the structure of the lungs. This inflammation is caused by toxic pollutants. Prolonged exposure to toxic pollutants leads to respiratory diseases like asthma and COPD.

The morbidity and mortality linked with COPD are getting high. To avoid the increasing mortality and morbidity, COPD must be diagnosed. Chronic obstructive pulmonary disease is a treatable disease. Treating this lung disease promptly can save patients from aggravated health problems.

Symptoms of COPD

Wheezing
Coughing
Bacterial infections
Weight loss
Pulmonary hypertension
Adverse reactions to glucocorticoids
chronic respiratory failure

Treatment of COPD

Treatment for COPD aims to control symptoms and reduce exacerbations and mortality. Pulmonary rehabilitation and smoking cessation are included in non-pharmacological approaches. In addition, patients with COPD are suggested to get the annual influenza vaccination. Some common medications for COPD are:

Azithromycin
Inhaled corticosteroids
Phosphodiesterase-4 inhibitors
Bronchodilators
Corticosteroids
Antibiotics

COPD and Life Insurance

Obtaining life insurance with COPD is difficult. Most life insurance plans approve applicants with good health. It often rejects applicants with poor health. Since these applicants have high mortality risks, insurance providers have to cover their expenses as soon as possible.

Another reason why life insurance does not approve applicants with serious medical conditions is the medical costs. The medical costs of the patients are high. For example, if you have COPD, the insurance company will have to cover your medical and hospital bills. A person with COPD has more expense than a healthy person.

But, we have good news for you. The final expense plan offers coverage to patients with COPD. You do not have to worry about your medical and final expenses. Final expense insurance will cover your all expenses.

Final Expense Insurance for COPD Patients

Seniors with COPD now get coverage for their final expenses with final expense insurance. This life insurance aims to cover their medical and hospital bills. However, it primarily covers the final costs.

If you have COPD and looking for life insurance, get a final expense insurance. It will pay for your funeral services. Also, the burial costs are covered by this insurance. Your family will receive a death benefit. With the help of this death benefit, they can cover your expenses when you are gone forever. Final expense insurance covers:

Funeral services
Burial services
Transportation
Medical bills
Residential care
Hospice bills
Outstanding debts
Mortgage
Other additional expenses

Can I Get a Final Expense Insurance With COPD?

Yes, you can obtain final expense insurance even if you have COPD. It is an affordable insurance with maximum death benefits. However, you must understand that the affordability and the death benefits depend on COPD severity.

COPD have many stages. It can be mild, moderate or severe. Applicants with mild COPD get the most affordable plan. If you have mild COPD, you will get a maximum death benefit. The monthly premium will also be low. In addition, you will get coverage on the very first day.

However, if you have moderate COPD, the monthly premium will be increased. Yet, the premium is still better than for patients with severe COPD. For patients with severe COPD and using oxygen, the chances of getting the best plan are less. And, the cost of the insurance increases with severe COPD.

Medical Exam and COPD

Medical exams are frustrating. Life insurance mandates medical exams to examine the health status of the applicants. Your health condition determines the death benefits and the cost of your insurance.

However, with final expense insurance, you do not take a medical test. Without a medical exam, you can obtain final expense insurance. Answer some questions, and get instant approval. If you want a plan with no questions, you can get it as well. However, you may have to pay an extra amount. The monthly premiums of such a plan are high.

Premium amount

To obtain final expense insurance, you must pay a fixed amount every month. The sooner you pay the amount, the easier it will be to receive approval. It is best to obtain final expense insurance in the initial stage of COPD. Also, buy it while you are young because the premium increases with age. Factors linked with monthly premiums are:

Age
Gender
Health status
Smoking status
Type of policy
The state you are living
Coverage amount

Best Companies for Final Expense Insurance for COPD

If you are looking for an insurance provider that offers final expense insurance for COPD, here is the information. Some top companies that offer final expense insurance for COPD are:

Aetna
Aflac
The Baltimore Life
Foresters Financial
Liberty Bankers
Transamerica
CICA Life

Aetna

Aetna offers final expense insurance for seniors with COPD. This insurance provider has a strong financial status and offers maximum death benefits. The coverage amount ranges from $2000 to $50,000. In addition, seniors aged 40 to 89 can get final expense insurance.

However, the applicants with severe COPD are rejected. It does not include oxygen equipment. Yet, applicants who smoke tobacco are accepted.

Aflac

Another insurance provider that offers final expense insurance for COPD is Aflac. You have the coverage option ranges from $5000 to 50,000. If you want a maximum amount you can have it. And, if you want a low-coverage plan, it is also available.

Moreover, applicants who are tobacco users get approval. But, those who need oxygen equipment are not accepted.

The Baltimore Life

Most insurance providers offer final expense plans for seniors. However, Baltimore Life offers insurance for young people too. It offers plans for young kids as well. But, the coverage amount is less than others.

Moreover, tobacco use is acceptable. And, if you get hospitalized within 12 months of the insurance, it will not offer coverage.

Foresters Financial

More coverage options are available with the Foresters Financial Insurance Company. Applicants aged 50 to 80 can obtain life insurance. And if you have COPD, Forester Financial also offers coverage to you.

Additionally, Foresters Financial has strong financial status. You can get a coverage amount up to $50,000. Seniors over 70 can also apply and get final expense insurance.

Transamerica

Transamerica is one of the top insurance companies that offer life insurance to patients with severe medical conditions. If you have severe COPD, then this insurance provider is the best option for you.

Transamerica accepts applicants with severe COPD. If your health condition is critical and you are using oxygen equipment, it will cover your expenses. The financial status of Transamerica is strong and offers good coverage to seniors aged 50 to 85.

CICA Life

Most insurers offer insurance coverage to seniors. Few insurers offer plans to young applicants. And CICA Life insurer is one of them. With this insurance company, young applicants can get final expense insurance.

Furthermore, applicants with COPD can also obtain final expense insurance. However, the coverage amount is less. This company offers benefits up to $30,000. But the good news is, that it offers affordable plans. Patients with severe COPD and smokers are also accepted.

COPD and Underwriting Process

You must understand the underwriting process if you are applying for burial insurance with COPD. It is the process of evaluation. The company reviews your application and offers coverage based on the information you gave in the application.

It is crucial to put the correct information. Be genuine and transparent. Do not write any incorrect information. You may get rejected for writing false information.

Bottom Line

Overall, final expense insurance is the best life insurance for COPD. If you have COPD, you can get the best coverage with final expense insurance. Also, there is no medical test. This makes it easy to apply. However, you must understand the changing monthly premium amount. It changes due to your age and gender. The amount is also dependent on the stages of COPD. If you need to learn the basics of final expense insurance visit our website lifeasehealth.

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