UPDATED: Mar 26, 2020
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Spring is in the air along with a whole lot of pollen. Which means it’s allergy time for millions of Americans.
Pollen is just one of several types of allergens that can cause an allergic reaction. An allergy is a heightened sense to an allergen. For example, if you are allergic to pet dander your body’s immune system will ‘overreact’ when you come in contact with certain animals such as cats or dogs.
Allergies are very common in the U.S., according to current statistics from WebMD.
- 1 in 5 people have allergy or asthma symptoms
- Allergies are the fifth leading chronic illness.
- 30,000 people visit emergency rooms each year due to food allergies.
- Allergies cost our health care system and businesses an estimated $7.9 billion each year.
How Allergies Affect Your Term Life Insurance
Allergies typically do not have an adverse impact on your application for term life insurance. Over the counter and prescription drug medications used to treat allergies should be disclosed on your application, but most life insurance companies will not penalize you for allergies.
More than 34 million Americans have Asthma. Asthma is a lung disorder that interferes with breathing. During an asthma attack, a person may experience wheezing, coughing, chest pain and difficulty breathing. In severe cases, asthma can be fatal if left untreated.
Allergies Can Trigger Asthma
Airborne allergens such as pollen, dust, and pet dander can trigger asthma. Food allergies are also known to cause allergic reactions. Other common triggers include smoke, exercise, and the weather.
How Asthma Affects Your Term Life Insurance
While allergies, in general, won’t cause problems with your term life, a medical history of asthma certainly can. Several factors will contribute to your potential rating class, including:
- Age – Generally the younger you are, the better the rating class you will receive.
- Treatment – The life insurance company wants to see a well-controlled condition. The use of steroid inhalers or other medications is okay.
- Nicotine Use – This is a big no-no. Enough said.
- Severity – Severity is determined by the number of episodes per year and the type of treatment needed, such as control with an inhaler, hospitalization, etc.
Some life insurance companies such as Pruco Life (Prudential) will consider you for their Preferred Best rating class with mild Asthma that is well-controlled and two or fewer episodes per year! Transamerica Life will also consider you for Preferred if your Asthma is mild and under control.
If you have allergies or Asthma, be sure to discuss your condition with your life insurance agent or broker. He or she can discuss appropriate term life quotes and help you find a good company like the two mentioned above to apply with.