Yes. Mild or exercise asthma can get the best rates at some companies. Even daily inhaler users can often get Standard rates.
The CDC says about 8% of US adults had asthma in 2021. Most people with asthma can get regular life insurance.
Mild or exercise asthma gets the best rates. People who use a daily inhaler like albuterol can still get up to Standard rates. Severe asthma with hospital visits costs more. Insurers ask about your triggers, medicines, ER visits, home breathing machines and smoking.
Pick the right company. Policygenius says Banner Life may offer up to Preferred Plus for mild asthma. It also says Transamerica is not a good option for people with asthma.
What insurers look at
- How severe it is (mild, exercise only, or severe)
- Your medicines, like daily albuterol
- Hospital or ER visits for asthma
- Use of a breathing machine at home
- What sets it off
- Whether you smoke
Coverage that may fit
The usual fit. Policygenius says Banner Life may offer up to Preferred Plus for mild or exercise asthma.
No exam, but you answer health questions. Coverage often reaches about $50,000, and you can still be turned down for serious conditions. People with mild asthma may skip the exam and answer questions by phone or online.
For people who cannot pass health questions. There is no exam and no health questions, coverage tops out around $25,000, and the price is high. Mutual of Omaha sells it to people 45 and older, per Policygenius. Most have a waiting period, often 2 years, before the full amount pays for a natural death (Policygenius, graded death benefit). Rarely needed for asthma alone.
Common questions
Does using an inhaler mean I pay more?
A daily inhaler can mean up to Standard rates, per Policygenius. Mild asthma can get better rates.
Do I need a medical exam?
Maybe not. People with mild asthma may skip it.
Which insurers are good for asthma?
Policygenius names Banner Life for mild asthma and says Transamerica is not a good fit.
Sources
General information, not medical advice. Insurer rules change. An agent can tell you which companies treat your condition best.
