Can I Get Life Insurance With a History of Heart Disease?
The answer is Yes! Millions of Americans suffer from heart disease in one form or another and there are many different types of Heart Disease. When it comes to underwriting life insurance with a heart condition it will really depend on the type of heart condition you have, how severe it is, how recent the last episode was, and how well it’s currently being managed.
What Are The Different Types of Heart Conditions?
There are many different types but here are a few of the common ones:
- Atrial Fibrillation (A-Fib)
- Heart Valve Blockages. A Bypass surgery or Stents are often needed.
- Heart Valve Defect. This can require a Heart Valve Replacement or Repair
- Heart Attack
- Arrhythmia (Bradycardia or Tachycardia). Sometimes this can require an implant such as The Watchman Device or Pacemaker
- CAD (Congestive Artery Disease)
- Aortic Valve Insufficiency or Stenosis
- Bundle Branch Blocks
- Athlete’s Heart also known as Runner’s Heart
As you can see from the list above there are many different variations of heart disease, and these are just a few. Some people may have two or more of these conditions or reoccurrence’s of the same condition. As discussed before it really depends on the severity of the condition and when the last occurrence was.
What Are The Important Factors That Life Insurance Companies Look For With A History Of Heart Disease?
The insurance company will look very closely at the following:
- What the condition is or was exactly.
- How recent was the last episode.
- What type of treatment did you have for your condition.
- How well you are managing your condition, including regular visits to your Doctors and following through with any required therapies or medications.
- The success of the treatment. A condition that’s been well managed for several years will get more favorable consideration than one that has been well managed for only a year or two.
- Any other health conditions, not related to heart disease such as diabetes or cancer, etc.
- Are there any restrictions, residual side effects, impairments, or current symptoms.
If one of these Heart conditions require treatment such as surgery than there is typically a 6 month postponement period before most carriers will consider you for coverage. Some carriers ony require a 3 month postponement as long as good follow ups with your Doctor’s are completed.
Some Life Insurance Companies will offer credits that can lower your premium if all other health metrics look good such as height and weight, cholesterol, blood pressure, etc.
I can’t stress the importance of speaking with a licensed insurance agent who specializes in high-risk insurance because you’ll want to make sure that you are applying with the right insurance company.
Applying For Life Insurance When You’ve Had A Heart Condition
If you’ve had or have a heart condition then it’s very important that you apply with an insurance company that will most likely to take a favorable view of your condition. If you apply with a company who’d underwriting guidelines are very strict than you risk having your application declined.
Don’t pay attention to ads that you see or hear about talking about life insurance for $19.99 per month for $1,000,000 in coverage. Those are for the young and healthy. If you have heart disease, the best outcome will be a very high premium and the worst will being having your application declined.
If you have heart disease, or any other significant health condition, you must work with a life insurance broker who has experience with high-risk insurance. Our job is to work with applicants who have significant health conditions and since we work with dozens of life insurance companies, we know which ones underwrite the most favorable for each high-risk condition.
Applying with the right insurance company can save you hundreds and sometimes thousands of dollars per year depending on the amount of life insurance that you are buying.
For example, if you’ve had an ablation done to correct your Atrial Fibrillation then one insurance carrier may approve you at a Table Rated classification where another insurance carrier with better underwriting guidelines when it comes to A-Fib will approve you a Standard rating or possibly better. The company with the more favorable guidelines can save you tons of money each year.
Whether you have or had a heart condition or just shopping for life insurance for the first time, we got you covered. We are experts and will shop all the Top-rated companies in the nation.