This really depends upon the company. Some companies will still give you a favorable rate if your asthma is under control. Others may not offer a preferred rate or even surcharge for it. There is no hard and fast answer. The best strategy is to find an agent you trust and give him/her your health history. That will give them the information to be able to find the best place for you.
If you have very mild or seasonal asthma that does not require daily medication, you can be be rated better than Standard with some companies. If you have well controlled asthma with daily medication, you can most likely expect around a Standard rating, but it depends on the policy, and you could be rated a little better or worse. If you have had an emergency room visit for your asthma within the past year, you could be given a table rating, or even declined by some policies.
Contacting an agency that sells a variety of products can help you get with the company and policy that will provide your lowest price for your particular type of asthma.
Enrolled Agent-licensed to practice before the IRS, Samuel N Smith, EA, South Carolina
Are you asking because you need to purcahse a life insurance policy for the purpose of meeting a death benefit need? Can you meet this objective by investing the premiums that you would pay for a life insurance policy in a savings account and therefore you fund your death benefit with having to pay the "policy costs" of an insurance company and you do not have to worry about an insurance company dictating terms that are negative to your objectives.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Asthma is a rapidly growing disease in the USA. There is abundant evidence as to the effect of asthma on the longevity of people. Insurance companies can determine mathematically the variation that someone with asthma makes to the normal distribution of mortality. Underwriter’s take a subjective look at individual cases and make determinations of the effect they expect the asthma to have on the longevity of the customer. They then make an offer of insurance.
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Contacting an agency that sells a variety of products can help you get with the company and policy that will provide your lowest price for your particular type of asthma.