When looking to complete your financial plan, if you haven’t purchased a life insurance policy to protect your loved ones then your plan isn’t complete.
Your family could use the proceeds from the policy for many purposes – including the payoff of large debts, and for the ongoing payment of living expenses in case of the loss of a breadwinner.
Obtaining life insurance coverage can be relatively simple – provided that you are in good health. But unfortunately, not everyone is blessed with excellent health throughout their lifetimes – even at younger ages. If for instances, you have a condition like an abnormal heart rhythm, you may have had difficulty in qualifying for life insurance coverage in the past.
However, if you work with an independent life insurance brokerage that specializes in higher risk cases. Doing so can allow you to focus in on the life insurance carriers that are more apt to work with those who have various health issues such as someone searching for life insurance after having gastric bypass. It can also help to save you a great deal of time throughout the insurance application process. We can get you started here with the details that you need. Are you overweight and looking for life insurance or life insurance for bipolar individuals? We can help you with that as well!
How Having an Abnormal Heart Rhythm Can Affect Your Application for Life Insurance
An abnormal heart rhythm is often also referred to as an irregular heartbeat or as cardiac arrhythmia. This does not necessarily mean that your heart is specifically beating too slow or too fast, but rather that it is out of its normal, or regular rhythm. In some cases, it may feel like it has “skipped” a beat, or that it is “fluttering”. In other instances, you may not even notice anything at all. This is when the arrhythmia is considered to be “silent.”
There can be any number of different causes for an abnormal heart rhythm.
Just some of these may include the following:
- Injury due to having a heart attack
- Heart disease
- Changes in the heart muscle
- Healing following heart surgery
- An incorrect balance of electrolytes – such as potassium or sodium – in the bloodstream
Even those who are perfectly healthy may have an abnormal heart rhythm.
There are also many different types of incorrect heart rhythm or arrhythmias. These can include:
- Atrial Fibrillation – This is a common type of abnormal heart rhythm where the upper chambers of the heart will abnormally contract.
- Premature Ventricular Contractions (PVCs) – Also a common form of abnormal heart rhythm, a PVC can occur when it feels like a person’s heart skips a beat. These can be related to many different things, such as too much caffeine, nicotine, or stress. But they may also be due to heart disease or an imbalance of electrolytes.
- Atrial Flutter – This type of abnormal heartbeat is more regular than an atrial fibrillation, and it often happens in those who have heart disease, as well as in those who have just had heart surgery.
- Paroxysmal Supraventricular Tachycardia (PSVT) – This type of abnormal heart rhythm is often referred to as being a rapid heart rate. It typically begins above the lower chambers of the heart. A PSVT will usually start and end suddenly.
- Accessory Pathway Tachycardias – Those who have this type of abnormal heart rhythm may be contracted it due to having an extra pathway between their heart’s upper and lower chambers. This can cause a faster heart rhythm, and thus can make the impulses that control the heart travel around it very quickly – which in turn, make it beat faster.
Because there are such a wide range of arrhythmias, having an abnormal heart rhythm can be a completely harmless condition in some people, while it can be very serious for others. This is why when people who have an abnormal heart rhythm apply for life insurance coverage, the underwriters will want to know much more about their overall health condition before making a decision about their policy, as well as about the premium that will be charged.
What the Life Insurance Company Wants To Know About You
When initially applying for life insurance, you will be required to fully complete an application for coverage. This will ask you for more basic details such as you and your families health history, drug use, and employment status.
Because of your abnormal heart rhythm, the life insurance underwriters will also want to know more in-depth information so that they can make a more clear determination regarding your coverage. With that in mind, here are a few examples of what you may be asked:
- When were you initially diagnosed with an abnormal heart rhythm?
- What is the actual diagnosis of your abnormal heart rhythm?
- Within the past six months, have you had any relevant ECG testing performed? If you have had any type of relevant ECG testing performed, the insurance underwriters may wish to view the results of this testing to obtain a more clear picture of your health condition.
- Within the past six months, have you experienced symptoms such as fainting spells, heart palpitations, and / or chest pain? If you have experienced any of these symptoms, then you may be showing signs of a weak heart. If this is the case, then the life insurance underwriters may wish to further evaluate your case, or even to postpone a decision on your coverage until a later date in the future.
- Do you currently take any medication in order to manage and / or control your abnormal heart rhythm? The need for medication to manage and / or control your heart condition can be good or bad. For example, if you are regularly taking medicine for maintenance purposes – especially if you have been doing so for the past couple of years – then this can be a positive sign that you are controlling your condition. If, however, you have just recently been prescribed medication, then it could be a sign that your heart condition is worsening.
- Do you have any other potential risk factors? Some of the other potential risk factors that the life insurance underwriters will particularly look for may include high cholesterol, high blood pressure, a family history of having heart disease, and / or a sedentary lifestyle. The underwriters will also look for a history of heart attack. If you’re concerned that you won’t qualify for life insurance with high blood pressure, let our professionals assist you in this process.
- Do you regularly meet with your cardiologist regarding your condition? Meeting regularly with a cardiologist is a good, positive sign that you are working to manage and / or control your abnormal heart condition.
These questions will be a part of the medical exam that is required for most life insurance coverage.
During the exam you will be subject to blood pressure tests, a finger prick to take blood, and asked to provide a urine sample. The results of these will be sent to the carrier’s home office so the underwriter can have a clearer picture of what your health looks like and how much of a risk you are to the book of business.
How Much Will Your Life Insurance Coverage Cost with Abnormal Heart Rhythm?
The cost of life insurance can encompass a number of factors – including the type and the amount of coverage that you are buying. It will also have to do with your age, your gender, and your health – as well as your health history, and your family health history.
Due to your abnormal heart rhythm, the insurance underwriters will be taking a close look at this condition in their overall determination regarding your policy decision. With this condition, it may be possible to obtain a Standard policy rating – provided that you are otherwise in very good health and have no damage to your heart. If this is so, then the price of your life insurance policy would be in line with others who are of your same gender and age range.
If, however, you have a moderate case of abnormal heart rhythm, then you may still be able to qualify for a life insurance policy. However, in this case, it may be more in the Mild Substandard, or even in the Medium Substandard policy rating category. Here, your policy’s premium would be higher than that of an average policyholder.
In any case, it is still important to compare and shop before making your purchase. This is because all life insurance companies do not price their policies based on the same identical criteria. Therefore, the premium may differ – sometimes significantly – even for the very same coverage. Working through an independent insurance brokerage can help you to quickly and easily compare multiple companies and policies, as well as premium prices – all in one convenient place.
What If You Don’t Qualify for Traditional Life Insurance Coverage?
If you are not able to qualify for traditional, medically underwritten life insurance coverage, you may still have other options. One may be to apply for a no medical exam life insurance policy. Here, you will not be required to undergo a medical examination to obtain acceptance for your coverage. This means that there will be no blood or urine sample taken – and because of that, often those who have various health issues can have an easier time qualifying for the life insurance that they need.
While the premium cost on a no medical exam life insurance will typically be more than that of a comparable medically underwritten policy, it can still be a good alternative for getting the coverage that you require.
How to Find the Best Quotes on Life Insurance for People with Abnormal Heart Rhythm
The best quotes are always found if you compare rates from multiple life insurance carriers. There are several ways you can go about this. The first is to spend your own time researching what companies could be best for you and fielding calls and emails from each carrier until you finally get a quote.
Or you can use our form on the left to give us some basic info about yourself and let one of our independent agents use their knowledge to find the best company and plan to fit your current situation. Our advisors are available right now by calling 888-229-7522. We’d love to help you protect your family.