You’ve come to the right spot for information on purchasing a life insurance policy while having a pacemaker. We’ve helped dozens of people who’ve had this surgery done secure the best rates available. We’ve posted this article as a resource for those looking for life insurance.
Simply having a pacemaker device doesn’t mean you can’t qualify for life insurance. In many cases you can qualify for traditional coverage and in more uncontrolled cases, you can qualify for coverage that has a 2 year waiting period. Either way, you can qualify for coverage. If you are older and want to know if you can qualify for term life insurance for seniors, we can certainly answer your questions and many more.
A pacemaker is an electronic device that stimulates the heart beat. After having it inserted you and the doctor will come up with a plan for how often and strong the device will work.
There are instances where a heart attack will require a pacemaker to be temporarily implanted, however it is normal for that to eventual be permanent.
Some of the conditions requiring a pacemaker are significant heart block (particularly if it causes fainting) and sick sinus syndrome (bradycardia tachycardia syndrome). In the latter, the heart beats too fast at times and then too slowly. Sometimes, doctors that prescribe drugs used to control atrial fibrillation (a type of irregular heart beat) result in profound bradycardia, requiring a pacemaker.
All of these factors above play a role in determining your life insurance rates.
If you have a pacemaker or a biventricular pacemaker installed, then your process of applying for life insurance will be much different than that of someone who does not have a pacemaker. Your underwriter will be extremely interested in why you have a pacemaker, and how it affects your health. Some of the questions you might be asked include:
• When was your pacemaker or defibrillator installed?
• Why was the pacemaker installed?
• Have you ever had any pacemaker complications?
• Are you on any medications?
We’ll need to know as many details as possible. The more information you can provide, the better chance you’ll have of securing the best rate. Best case scenario is having medical records from your doctor we can review, but that’s not required (just very helpful!) as we’ll get them for you when your application hits underwriting.
Also worth mentioning is letting us know if there’s another health condition you’re dealing with like diabetes, previous cancer history or death of your parents (mother or father) from any heart related issues. These will effect your rates as well. If you already have life insurance and want to know why you didn’t get preferred life insurance rates, we can direct you to someone who can help answer questions you may have.
Life Insurance with a Pacemaker – What To Expect
The good news, is that people with pacemakers are rarely declined for life insurance if everything is controlled. If you were declined in the past, you probably just used the wrong company.
If you have a Congenital heart block, you can expect a Table B health classification.
For Sick Sinus Syndrome and heart blocks (other than congenital), you can expect a Table B as a best case scenario if you’re over 55 years old. If you’re under 55 years old when the device was installed, you’re looking at a Table D health classification.
If you have Atrial Fibrillation or Coronary Artery Disease, you’ll be rated based on those issues instead of any devices installed.
If you have a defibrillator implant, history of Congestive Heart Failure, Cardiomyopathy or other complications – you’re not going to qualify for traditional coverage. You’ll qualify for a high risk policy with a 2 year waiting period.
If you’re currently a patient in a hospital awaiting the procedure – you’ll have to wait until it’s completed and a few follow up appointments have been completed. We get a lot of calls from patients in the care of a cardiologist who just found out they need the procedure done…you’ll just wave to wait until everything is under control.
Since we’ve have worked along side multiple carriers over the years, we can help you in finding the ideal company for you. If you are looking for an affordable rate on your life insurance despite your pacemaker, contact us and let us help.