How To Get Life Insurance With COPD

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Understanding Your Options with COPD

COPD can present challenges in securing life insurance, but you can find a suitable policy with the right knowledge and approach. This section breaks down the different types of life insurance available for individuals with COPD and highlights the key factors to consider.

Fully Underwritten Life Insurance

Fully underwritten life insurance policies require a comprehensive assessment of your health. This type of insurance can offer better rates and higher coverage amounts for individuals with mild or well-managed COPD. The process includes submitting your medical history and potentially undergoing a medical exam. This thorough evaluation allows insurance companies to accurately assess the risk and provide competitive premiums for those who qualify.

Final Expense Plans

Final expense plans are designed to cover funeral and end-of-life expenses. These plans are generally easier to qualify for, regardless of the severity of your COPD. While the coverage amounts are typically lower, they can still provide significant financial relief to your family during a difficult time. The premiums for final expense plans are higher compared to fully underwritten policies, but the simplified qualification process makes them an accessible option.

Guaranteed Issue Life Insurance

Guaranteed issue life insurance is ideal for individuals with severe COPD or those who require oxygen therapy. These policies do not require any medical questions or exams, ensuring that you can secure coverage regardless of your health condition. However, the premiums are the highest among the three options, and the coverage amounts are lower. Additionally, these policies often come with a graded death benefit, meaning full benefits are only payable after a certain period.

How We Can Help

At The Annuity Expert, we understand the emotional and financial stress that COPD can place on you and your loved ones. Our mission is to provide tailored insurance solutions that address your unique needs while offering the best possible rates. As a trusted insurance agency, annuity broker, and retirement planner with over 15 years of experience, we have the expertise and dedication to guide you through this challenging process.

We believe in finding the best solution at the lowest cost, ensuring you receive the maximum benefit without overpaying for coverage. Our team is committed to helping you navigate the complexities of life insurance with compassion and professionalism, providing peace of mind for you and your family.

Copd Life Insurance Underwriting

What We Recommend

Securing life insurance with COPD involves several steps, and we are here to support you.

Step 1: Initial Consultation

During your free initial consultation, we will discuss your specific situation, including your health history and financial goals. This step is essential for gaining a clear understanding of your needs, which will allow us to recommend the most suitable insurance options.

Step 2: Personalized Insurance Plan

Based on the information gathered, we will develop a personalized insurance plan that outlines the best policies available to you. This plan will detail each option’s coverage amounts, premiums, and benefits. The main benefit of this step is receiving a tailored solution that fits your unique circumstances.

Step 3: Application and Approval

We will guide you through the application process, assisting with paperwork and ensuring all necessary information is provided. Our expertise helps streamline the process, increasing the likelihood of approval. The main benefit of this step is a smooth and efficient path to securing your life insurance policy.

Features and Benefits

  • Comprehensive Assessment: We conduct thorough evaluations to recommend the best policies for your health condition, ensuring you get the coverage you need.
  • Personalized Service: Our dedicated team provides one-on-one support, offering personalized advice and assistance throughout the process.
  • Competitive Rates: We strive to find the most cost-effective solutions, helping you secure coverage at the best possible price.
  • Simplified Process: Our expertise simplifies the application process, reducing stress and increasing your chances of approval.

Overcoming Objections

  • High Premiums: While premiums for COPD-related policies can be higher, we work to find the most affordable options without sacrificing coverage quality.
  • Complex Application Process: Our team handles the complexities of the application process, making it as straightforward as possible for you.
  • Limited Coverage Amounts: We help you understand the benefits of different policies, ensuring you choose the one that best meets your financial needs.

Failing to secure life insurance can leave your loved ones financially vulnerable, especially with the added burden of COPD-related expenses. Working with The Annuity Expert ensures financial stability and peace of mind for your family. You will experience relief from the worry of leaving your loved ones unprotected and satisfaction from knowing you have taken proactive steps to secure their future.

Contact us today for free advice or a free quote. Let us help you find the right life insurance solution tailored to your needs.

Get Personalized Life Insurance Advice

Get help applying from a licensed financial professional. This service is free of charge.

Contact Us
First
Last

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top