When applying for life insurance, there are some applicants that may be able to qualify quite easily due to their stellar health record.
Others, however, may not be so lucky. If, for instance, you have had an issue with your heart, it could be more difficult for you to qualify for the coverage that you need.
If a carrier has handed you a “denied approval” for their life insurance policy, don’t fret, there could still be methods of getting the protection that is needed to ensure that your loved ones do not suffer from financial hardship.
The key is in knowing how to shop. If you have had a recent surgery such as gastric bypass and you’re wondering if you can qualify for term life insurance we can help you find and obtain the coverage you deserve.
Types of Heart Conditions That Can Affect Your Life Insurance Application
There are a number of different heart-related health conditions that could affect a person’s ability to obtain life insurance and / or the price that is paid for life insurance coverage. Some of these conditions can include:
A heart attack can occur when the blood flow to part of an individual’s heart has been blocked – oftentimes due to plaque – for a long enough time period that a portion of the heart muscle has either been damaged, or it dies.
While having a heart attack is a serious medical condition, it can still be possible for someone who has had a heart attack to obtain life insurance coverage. The individual’s approval, however, will depend upon a couple of parameters. These include the following:
- How much damage was done to the heart
- How severe was the heart attack
- How long ago the heart attack occurred
- What medications are currently being taken (as well as the dosages)
- How – and how well – the applicant is taking care of himself or herself
In most cases, it will be necessary for someone who has had a heart attack to have had no heart-related issues for between 7 and ten years. The individual should also otherwise be in excellent health, and they should perform well on medical testing such as EKGs and stress tests. In this case, it could be possible for an applicant to obtain a Standard policy rating.
For someone who has had a heart attack within the past 3 to 7 years, it is not likely that they will be able to receive a Standard policy class rating. In this instance, a Substandard or Table rating is more probable.
An irregular heartbeat is a fairly common ailment that is estimated to affect approximately 2 million people in the United States. This condition occurs when a person’s heartbeat gets out of its normal rhythm. To some, this can feel as though their heart “skipped a beat.”
In some cases, this issue can be harmless – while, in others, it can turn out to be an emergency. Likewise, an individual may be perfectly healthy and still have an irregular heartbeat. In other cases, an irregular heartbeat may occur because the individual has heart disease, a heart injury, or is undergoing a change in their heart muscle.
It is important, therefore, that a life insurance underwriter understands all of a person’s health information so that they can make a more informed decision regarding an irregular heartbeat life insurance policy. This is because an individual’s overall health status can pose more or less risk to the insurer.
A heart murmur is described as an extra or an unusual sound that occurs in an individual’s heartbeat. Heart murmurs can be very loud or very soft, depending on the individual. The sound that the “murmur” makes is the noise that is being made as the individual’s heart valves are closing when blood is being moved through their heart.
As a heart condition, a heart murmur on its own is not considered to be a serious health risk – and because of this, it does not need to be treated. However, this issue can lead to other, more serious, heart-related conditions. Therefore, when a person who has a heart murmur applies for life insurance coverage, it will still be necessary for the insurance underwriters to closely review all of the applicant’s health and medical information.
Atrial fibrillation is a type of irregular heart rhythm that occurs when the upper chambers of the heart beats too quickly. This can either occur in “bursts”, or it can go on for a period of time. This is considered to be the most common type of irregular heartbeat – and those who have this heart condition are at a higher risk of obtaining blood clots, as well as for having a stroke.
This condition may be permanent, or it may come and go. In either case, provided that the individual obtains proper and regular medical care, they may be able to live a normal and active life. Yet, even so, someone who life insurance with atrial fibrillation will still need to answer the condition related questions that are asked by the insurance underwriters in order to provide all of the pertinent information that is needed for the company to make a decision.
Congenital Heart Disease
Rather than just one specific issue, congenital heart disease describes a wide range of defects that can affect a person’s heart. These can include issues with the heart muscles, as well as problems with the person’s heart walls. It could also include defects in a person’s heart valves, and/or incorrect connections with the blood vessels that are in and around the heart.
Oftentimes, this condition can be managed so that the individual can lead a normal, healthy life. If, however, it is not, it could lead to a more serious health condition – one that could make an individual more risky in the eyes of a life insurance carrier.
Let’s take a look at what underwriters will do with information about your heart condition.
Some of the condition-related questions that you may be asked could include the following:
- When were you initially diagnosed with your heart condition?
- What exactly was the diagnosis that you were given?
- Have you taken any specific steps with regard to your condition since obtaining your diagnosis?
- What, if any, additional health conditions do you have along with your heart condition?
- Have you been prescribed any medication for your heart condition? (And if so, which medication and what is the dosage?)
- Do you control and/or manage your heart condition with diet and exercise?
- Has a doctor requested you undergo any labs or x-rays recently?
Do know that your medical records will most likely be requested by the life carrier underwriters. This will help them in obtaining a better idea regarding your overall health.
After a review of your health history, the interview questions, and whatever else the underwriter needs, the carrier will issue a statement of whether or not they’ll accept your application. Then they’ll also let you know if your premiums will change from the one you were quoted.
Other Heart Related Health Issues
- Coronary Artery Disease
- Left Ventricular Hypertrophy
- Atrial Flutter
- Ventricular Arrhythmia
- Asymmetric Septal Hypertrophy
- Abnormal Heart Rhythm
How Much Will Life Insurance for Heart Patients Cost?
The cost of life insurance can vary a great deal for heart patients, depending upon the actual health condition of the individual and his or her diagnosis, as well as how – and how well – the individual is managing or controlling their condition.
That is because one’s diagnosis, and the way in which the person maintains their overall lifestyle can make a big difference in terms of their life expectancy – which in turn can have an effect on their risk in the eyes of the life insurance company.
If an applicant is in excellent health overall, then it may be possible for them to obtain a preferred policy class rating. This means that the individual will pay less for their life insurance policy than the average policyholder in his or her same age and gender category.
If, however, the applicant is considered to be in average health – even with their heart-related condition – then they would be more likely to be given a Standard policyholder classification. This means that they would pay the average amount of premium for someone who is of average health, height and weight in that same policy class.
If a person’s health is below average – but not bad enough so that they are declined for coverage altogether, then the individual would likely be placed into a high risk policyholder classification. This means that they would pay more for their coverage than the average, or Standard, policyholder.
How and Where to Find the Best Quotes on Life Insurance
Your first step in fining the best quotes is seeking out an agency, or agent who isn’t captive to one carrier, but is independent with access to multiple life insurance companies. And now you don’t have to look any further because we are an independent company! Our agents love working for the client, and not the carrier. Take the second step and fill out our form to the left.
We’re here to help – so call us at 888-229-7522. Our goal is to help you through the process efficiently and provide you with the information you need to secure a life insurance policy.