Hey everyone we’re Jeanna and Natasha from Quotacy an online life insurance agency where you can get life insurance on your terms. At Quotacy our goal is simple: to make it easy for everyone to buy life insurance to protect their loved ones. Today we’re talking about asthma and the impact it has on the life insurance buying process. Asthma is a very common medical condition. While having asthma may affect your life insurance costs it doesn’t mean you can’t be approved for coverage. The main things life insurance underwriters look for when evaluating asthma are what medications you’re on to treat it and how often you have asthma attacks. In general, if the medication you’re on does not contain steroids you could qualify for standard risk classes. If it does contain steroids then you’re more likely to be table rated. Being table rated means that the insurance company has decided that the risk to insure you is essentially outside of their comfort zone and you will need to pay extra in order to be insured. If your asthma is very mild and it’s well controlled it’s possible to get approved for Preferred, however, the best class of Preferred Plus is fairly unlikely. The risk class you’re placed into by the insurance company determines how much you’ll need to pay for the life insurance coverage. The table shown features sample monthly quotes for a 20-year, $500,000 term life insurance policy for a 40-year-old male. As you can see, the risk class you’re offered can make quite the difference. Not all life insurance companies evaluate medical conditions in the same way. While one company may deem a person with mild asthma as Table 2, another may be more lenient and offer Standard. To make sure you get the best price work with an independent life insurance broker like Quotacy. We can shop your case across many top-rated life insurance companies to match you with the company that will give you the best risk class. Quotacy is no stranger to asthmatic clients. When you apply online for life insurance through us and check Yes to asthma your Quotacy agent goes to work for you to find the best policy for your needs and budget. Here is an example of a recent client we worked with. Nick Jones is a 35-year-old man and applied for a 30-year, $300,000 term life insurance policy through Quotacy. The company he originally picked through our online process was Banner Life. On his application, Nick noted that he’s asthmatic and is prescribed a steroid inhaler to treat it. His Quotacy agent reached out to Nick and told him that Banner would offer him Table 2 because of the steroid inhaler. This would put his life insurance payments to be around $680 per year. His Quotacy agent suggested they move his application to Prudential, who is much more lenient with asthma. Nick went with his agent’s suggestion and Prudential ended up offering him the best risk class possible: Preferred Plus. His life insurance payment ended up only being $289 annually. A savings of over $380 each year. It’s important to note that every case is different. If you have asthma, don’t assume Nick’s outcome will be your outcome. Every asthma case is unique. Also, asthma isn’t the only risk factor that the life insurance company will evaluate. Your age, height, weight, smoking status, family health history, etc. will also impact your risk class. At Quotacy, your agent will anonymously shop the details of your case with all the top-rated insurance companies we work with to match you with the company that will give you the best offer. As we mentioned before, everyone’s situation is unique. To determine how much life insurance will cost you simply apply online through our website and we will work with you to find you the best policy option. When you apply through Quotacy, this is how it works. First, choose a policy and complete your online application. Then your dedicated Quotacy agent will introduce themselves and, if needed, ask a few follow-up questions about your asthma via email. This is to make sure we have a clear understanding of your situation so we can set realistic expectations up front. It’s important to mention that we’re on your side So the more we know, the better we can assist you. From there your agent will anonymously send the details you’ve provided to our top-rated insurance companies to find the one that will be the best match. This is what we call shopping your case. If a different insurance company other than the one you chose online is going to give you a better price your agent will present you some options. The choice to either stay with the original pick or switch is 100% up to you. We just want to be completely transparent about your options. Whatever you decide, your agent is your advocate and will keep you updated every step of the way through the process. If there is a website out there showing you a cheaper price than what your Quotacy agent can find, that other website is likely only showing you a best-case-scenario price and not factoring in your asthma properly. There are no coupons or promo codes when it comes to life insurance. It’s all very tightly regulated. To find out how much life insurance would cost you, head on over to Quotacy.com, run a quote, and apply right online. It takes less than 5 minutes and there’s no obligation to buy. If you aren’t satisfied with the life insurance policy Quotacy finds you, you can walk away. There’s no cost to apply for life insurance, no fee to cancel the process, and no hard feelings. If you want more in-depth information about how asthma affects life insurance pricing, check out the blog link in the description below. To get started we also included a link to our quoting tool. Thanks for watching. Bye! Thanks for sticking around. We’d appreciate it if you Liked the video and hit that fancy little Subscribe button to see us every week. Bye!