Can I Get Life Insurance With a Heart Condition?
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A heart condition or heart attack used to result in an automatic decline for life insurance coverage. But not anymore.
Thanks to breakthroughs in how we detect and treat heart disease, a person with a heart condition can live a long and healthy life. Life insurance companies are starting to realize this, and are offering policy options to those suffering from heart conditions.
Here’s a list of articles for specific heart conditions. Please click through for more detailed information:
Life Insurance with a Pacemaker – Read about what to expect when applying for life insurance with a pacemaker.
Secure Life Insurance with Cardiomyopathy – We’ve helped dozens of our clients secure the best life insurance rates with Cardiomyopathy. Read more about how we’re doing this.
Life Insurance with Bundle Branch Block – Getting affordable coverage with BBB is all about using the right carrier and asking the right questions. We discuss these in this article.
Life Insurance with Atrial Fibrillation – This is the most common heart risk we’re seeing and most people are overpaying for their life insurance. Learn how to save in this article.
Mitral Valve Prolapse and Life Insurance – Secure the best life insurance rates available with Mitral Valve Prolapse with these tips.
Life Insurance with Congestive Heart Failure – If you’re having trouble securing coverage with Congestive Heart Failure, read this article. We can help.
Life Insurance With Stent Surgery History – This is the second most common heart issue we see and we have a lot of experience securing the best rates on the market. Here’s what you need to know.
Securing Life Insurance After a Heart Attack – Many individuals think that because they have had a heart attack, they can’t qualify for life insurance. The good news is, this is false. We secure coverage on individuals that have had a heart attack on a regular basis.
Many individuals are afraid to apply for these policies, daunted by their history of being declined or being stuck with high premiums. It’s important to know that you can get life insurance, even with a heart condition, and that it is not always a difficult process. It all depends on the type of condition and the company.
What Counts as a Heart Condition?
In order to take the first steps toward getting insured, you need to know that “heart condition” can describe many diseases and problems. Some are more severe than others.
Just as insurance companies evaluate risk differently, so too they may evaluate your heart condition differently. Heart disease is, according to the Center for Disease Control, the leading cause of death in America.
It comes in many shapes and forms, from coronary artery disease caused by plaque buildup, to heart attacks, to congenital heart defects. The latter refers to defects in the heart’s function and structure, which are detected at birth and qualify as a pre-existing medical condition.
What You Need to Know to Get Covered
You’ll need to know a few things before applying for life insurance with heart disease.
1. How Much Insurance Do You Actually Need?
If you have been diagnosed with a heart condition, you will most likely be considered a high-risk client and may have to pay higher premiums.
It is important to speak with a knowledgeable agent and to assess the amount of coverage you need, and how long you need it, before applying for insurance. This will make sure that you are not paying more than necessary.
2. How Insurance Companies Define Risk
Before applying for life insurance with a heart condition, it’s important to know how insurance companies define risk.
Certain heart conditions may be deemed as lower risk than others. For example, an individual born with an irregular heartbeat may be viewed as lower risk than an individual with coronary artery disease.
Heart problems most likely won’t earn you a preferred rating, but, depending on how the insurance companies views your risk, you could be classified as a standard or average risk. This is preferable to a substandard categorization, or a decline, and may mean your premium rates will be lower.
Additionally, you can take measures to improve your risk assessment. Obesity, smoking, high blood pressure, high cholesterol, diabetes, inactivity, stress levels, the presence of cancer, and poor diet are all risk factors taken into consideration when underwriting your insurance policy. These risk factors can improve or worsen your heart condition.
The good news is that you can lower your risk by taking measures to improve your lifestyle. Incorporating a healthier diet, light exercise, or quitting smoking could save you hundreds of dollars in premiums. Talk to your doctor about lowering your risk for heart disease, and tell your agent if you’ve taken any of these steps to lower your risk.
3. Things That Can Raise Your Premium
While it is possible to find affordable life insurance if you’ve recently suffered from a heart attack or another heart condition, it’s important to know that your initial quotes may be lower or higher than what you expect.
Filling out an online form is an excellent way to gauge what your insurance premiums will cost you. Speaking directly with an agent, however, will get you the most accurate quotes tailored specifically to you and your needs.
If you smoke and have just suffered from a heart attack, you should expect to pay almost two to three times more for your life insurance than non-smokers. This is because smoking greatly increases the likelihood that you will experience complications from heart disease or the return of heart disease down the road.
If you have had a heart condition and are taking measures to improve your health, you should request a re-evaluation of your premiums. Certain health measures such as diet and exercise are instrumental in changing your heart health. An agent can help determine which factors will impact your premium.
Patience is a Virtue
It may take time to find the proper coverage for you. Be patient and try your best to not get discouraged with the insurance-shopping process.
If you’ve had a heart problem recently and would like to extend your life insurance policy, your best bet might be to wait.
It will be easier to extend or re-apply once underwriters are able to fully assess how your treatments are working, if you’re complying with your physician’s recommendations, and whether or not your condition is stable, improving, or worsening. If you are applying after undergoing surgery or treatment for a heart condition, you should provide documentation from your doctor, detailing your treatments, medications, and the outlook of your condition.
Conditions such as a heart attack, angioplasty, or surgery with stents or a heart valve do not necessarily result in declines, if at least six months to one year have passed and no complications were experienced during surgery.
The preferred waiting period for those who have suffered from a stroke or undergone a bypass is twelve months.
Getting Life Insurance with Heart Issues is Easier Than You Think
If you have a heart condition, it is easier than you may think to obtain life insurance. The first step is to talk to an independent agent who specializes in high-risk clients.
Talking to an independent agent takes a lot of the guesswork and stress out of applying for life insurance with a heart condition. They work for you, taking into account your personal health history and experiences with your heart condition in order to get you the best policy rates possible.
Initial quotes won’t be what you expect, and that can be frustrating. You will either get an extremely low quote, and be surprised by how much it increases after you provide more details, or you will be put-off and discouraged by initially high premium rates. This is because computers don’t understand you or your situation.
This is where an experienced agent can help. They won’t just throw random numbers at you. They have the ability to take into account your personal health history and to shop around for the rates that best suit you.
The numbers they present to you are those tailored specifically toward you and the policy you need. This allows you to easily compare prices without worrying that what you see won’t be what you get.
If you’ve been told that you can’t get coverage due to your heart condition, you weren’t working with the right agent. You can still get life insurance coverage if you have a knowledgeable and reputable agent working for you.