Getting life insurance when you have asthma isn’t impossible, but sometimes it can be difficult. Check out our presentation to know more.

1. Can I Get Life Insurance
With Asthma?
Getting life insurance when you have asthma isn’t
impossible, but sometimes it can be difficult.
TrustLife&Investments

2. Difficult but not
Impossible...
You can get life insurance with asthma.
Insurers look at applicants holistically,
not just at a specific condition, so your
insurer will assess the severity of your
asthma as well as your overall health
to determine your premiums.

3. If your asthma was sports-induced and
you haven’t had an attack since you
were a child, your insurer may not see
your asthma as a legitimate risk.

4. If any of these situations apply to you, expect
to pay higher rates due to the increased risk
of your asthma affecting your health:
You have been hospitalized multiple times for asthma.
You are on a steroid regimen to treat asthma.
You suffer from chronic asthma.

5. Asthma Statistics
Asthma is a major public health concern in
Canada with more than 3.8 million
individuals living with the disease.
As a lifelong respiratory illness, asthma
affects the quality of life, work productivity,
and mental health/psychological wellbeing
of 10.8% of the Canadian population.
74% of people with asthma reported having
some form of health-related anxiety.
Source: Asthma.ca

6. How does my
asthma affect
my insurance
rate?
When you apply for life insurance, you
can expect to be asked the following
questions about your asthma.

7. How does
my
asthma
affect my
Insurance
Rate?
WHEN WERE YOU FIRST
DIAGNOSED WITH ASTHMA?
Knowing how long you’ve had a condition
will give the insurer a better understanding
of how your body has reacted to treatment
and how much risk you pose.
WHEN WAS YOUR LAST
ASTHMA ATTACK?
Knowing when your last asthma attack was
provides your insurer with valuable insight
into the severity of your condition.

8. How does
my
asthma
affect my
Insurance
Rate?
HOW OFTEN DO YOU GET
ASTHMA ATTACKS?
Once a week, once a month or if they’re
seasonal, it gives the insurer an idea how
severe your asthma is.
WHAT MEDICATIONS ARE
YOU CURRENTLY TAKING?
Some insurers may consider you to be a
higher risk if you need multiple controller
medications or if you use certain
medications with known side effects.

9. How does
my
asthma
affect my
Insurance
Rate?
HOW OFTEN DO YOU TAKE
MEDICATION?
Following all of your doctor’s orders when it
comes to taking your medications can help
show an insurer that you’re being proactive
and keeping your lungs healthy.
HOW MANY TIMES HAVE YOU
VISITED THE HOSPITAL
BECAUSE OF YOUR ASTHMA?
Have you ever been hospitalized or visited
the emergency room because of your
condition? If so, this will affect your risk
rating.

10. What other
factors will my
insurer consider?
During the underwriting process, your
insurance company will weigh up the
following factors to determine how
risky you are to insure.

11. AGE
Young applicants often score the
lowest rates.
GENDER
Women have a higher life
expectancy than men.
HEALTH
Any other chronic illness, or have a
family history of serious illnesses.
ALCOHOL/TOBACCO USE
No alcohol or tobacco use history
would get you close to lower rates.
DRIVING RECORD
Driving record is free from major
traffic violations
LIFESTYLE
Dangerous hobbies — like
skydiving — can drive up rates.

12. Get in touch with an independent
and experienced Financial Advisor

13. The best way to
ensure that you’re
getting the lowest
insurance
premiums is to
work with an
independent
insurance agent.

14. Trust Life & Investments advisors have over 30 years of
experience providing expert insurance and investment
advice for both businesses and individuals. Our advisors can
help to assess your health situation and help you take the
right custom plan suiting your needs at the lowest premium
possible. Speak to a Trust Life & Investments advisor today.

15. Created By
Website: trustlife.ca
Call us - 18558687878
Mail - csteam@trustlife.ca