Life insurance is a fundamental component of many people’s financial plans. This can be the case, regardless of what age you are because unfortunately illness and accidents can happen at any time.
If or when they do occur, they can leave loved ones in a difficult position, often having to fend for themselves financially. But the proceeds that are obtained from an insurance policy can help.
That is because these funds can be utilized for paying off large debts – including the mortgage on a home – allowing loved ones to proceed with their lives without having to make drastic changes. These funds can also be used for paying ongoing living expenses.
Qualifying for the life insurance coverage that you want is usually not difficult, as long as you are in moderately normal health. But, if you have particular types of health issues, getting life insurance can be a bit more challenging.
The good news is that if you have had heart bypass surgery, you can still oftentimes obtain a life insurance policy. But, you may require the assistance of a life insurance specialist who focuses on higher risk insurance cases. This is where we come in. If you have had other surgeries such as gastric bypass and wondering if you can qualify for term life insurance after gastric bypass, we can help!
How Having Heart Bypass Surgery May Have an Effect on Life Insurance Coverage
When a person undergoes heart bypass surgery, the surgeon is essentially creating a new “route” for both blood and oxygen to go around a blockage to reach their heart. An individual may require this procedure because of a blockage in one or more of their coronary arteries. These are the blood vessels that supply the heart with oxygen and nutrients that are carried in the bloodstream.
When one or more of these has a blockage, the heart is likely not receiving enough blood. Often, prior to performing surgery, a doctor may try other remedies such as medication. They may also suggest diet changes and exercise for the patient, or even an angioplasty with stenting.
When an individual has heart bypass surgery, there are some potential risks that are involved. These may include the following:
- Heart attack
- Lung failure
- Kidney failure
- Mood swings/depression
- Loss of memory
Once the surgery has been completed, the recovery can take some time. For some people, the full benefits of the procedure may even take three to six months. With many who have had the surgery performed, the grafts will remain open and work well for a number of years.
However, having a heart bypass surgery will not prevent an artery blockage from coming back. Therefore, it is important to engage in healthier behavior following the procedure. this can include eating a more heart-healthy diet, exercising regularly, keeping blood pressure at a regular/normal level, controlling blood sugar, and refraining from smoking.
What the Life Insurance Company Will Want to Know About You
You will have to provide information such as your name, contact details, and health history, as well as your family health history and smoking status. Don’t worry if you are a smoker because can still get life insurance for smokers.
The application for coverage will also ask for additional information, such as your habits and hobbies – for example, whether you do anything risky like skydive or scuba dive – and whether or not you have any other life insurance coverage in force (and if so, the amount of that coverage).
If you have had heart bypass surgery in the past, the life insurance company will also want to know as much about your surgery, as well as how – and how well – you are now controlling and managing your present health condition. Therefore, you are likely to also be asked some or all of the following types of questions:
- When did you have your heart bypass surgery? The underwriters will want to know when your bypass surgery was performed. If the surgery was performed recently, they may want to postpone any decision until a later date.
- Did you encounter any complications following your heart bypass surgery? Any complications following your surgery may also raise a red flag. These may include bleeding, stroke, and/or tamponade. If any of these did occur, the best rating that most individuals may receive on their life insurance coverage would likely be a Severe Substandard.
- Do you take any medication to manage and/or control your heart condition? Taking medication for the purpose of managing and/or controlling your condition may be viewed as a positive sign. This is because controlling or managing your condition may lessen the chances of it reoccurring again.
- Do you manage and/or control your condition in any other way, such as through diet and/or exercise? Making positive lifestyle changes such as healthier eating choices and/or exercising more can also be viewed as positives in the eyes of the life insurance underwriters – especially regarding managing and/or controlling your heart condition.
- Do you have a history of heart attack and/or heart disease? Having a history of a heart attack may also post concern to the insurance underwriters in their decision regarding coverage.
- Do you participate in any risky lifestyle behaviors that could enhance your heart condition? Some of the lifestyle risk factors that could make a heart condition worse can include smoking, drinking alcohol in excess, and overeating, as well as stress, not exercising and eating an unhealthy diet.
In addition to the questions that the underwriters will review, you will also likely be required to undergo a medical examination as a part of the insurance underwriting process. During the exam, you will meet with a paramedical professional and you will usually be asked more health-related questions. You will also be asked to submit a blood and urine sample.
It may be that the insurance company wants additional information about your overall health condition, and it may request your medical records. It may do so from your primary care physician and/or from your cardiologist.
Once all of your medical information has been collected, the life insurance underwriters will be able to review it, and then make a decision on whether they’ll ensure you and what the premium will be.
How Much Can Your Life Insurance Cost with Heart Bypass Surgery?
When determining the premium cost of life insurance, there are a number of criteria that can come into play. These can include the type and the amount of the coverage you are considering, as well as your age, your gender, and your health. Your health history and your family health history can also play a part in the pricing of your life insurance policy.
If you have a health issue that affects a vital organ such as your heart, the life insurance underwriters will be taking a very close look at your application. This is especially the case if you have had a procedure such as heart bypass surgery.
In some cases, if an applicant for life insurance coverage has had heart bypass surgery and is in otherwise very good health, he or she may be able to qualify for a Mild Substandard policy rating. This means that the price of the premium that is charged will be slightly more than that of an average policyholder of their same age and gender.
If, however, someone who has had a heart bypass surgery is in moderate health, it is more likely that they may be rated as a Medium Substandard policyholder. This would be due to the increased risk that the insurance company is taking on with the individual.
It is important to note, however, that just like with most other products and services that you purchase, life insurance companies price their policies differently. This means that you could apply to one company and get a certain rating, but the other carrier will classify your application with another rating.
With that in mind, it can be worth your while to shop and compare different life insurers’ policies before making a purchase. The best way to go about doing that is through an independent brokerage that has access to multiple insurance carriers all in one convenient place.
What If You Do Not Qualify for Medically Underwritten Life Insurance Coverage?
If you are not able to qualify for life insurance that is medically underwritten, there may still be other options that are available to you. One such option may be to go with a no medical exam life insurance policy.
Because of this, there is no blood and urine sample needed by the life insurance company. And, without all of the medical requirements, there are many people who have health issues that are still able to qualify for coverage.
This can be a nice alternative to those who may have been turned down in the past for life insurance coverage due to health reasons. Now, be aware that your premium will be higher because the risk has shifted dramatically towards the carrier, but you can rest well knowing that your loved ones are protected.
How to Get the Best Quotes on Life Insurance
When seeking the best premium quotes on life insurance for people who have had heart bypass surgery, going through an independent company or agency that focuses on high-risk cases may be your very best option. This is because you will be able to narrow down your choices to the companies that are more apt to work with those who have health issues. This can end up saving you a lot of time – and frustration – throughout the life insurance shopping, and application, process.
If you decide to work with us, the first step you need to take is to fill out the quote form on the left. While you’ll get a few starter quotes from this, our agents will also get a record of what you put in. We can start our research once we get this information and start getting rates from carriers that best fit your situation.
We’d love to be your advisor with your search for the perfect life insurance policy. If you need assistance now, please give us a call at 888-229-7522.