Obtaining life insurance can be easy for some applicants – especially if they are in good health. But if you have certain types of adverse health issues, it can be more difficult to qualify for the life insurance protection that you may be looking for. This could be the case if you have been diagnosed with a condition that is known as a heart murmur.
When you have a heart murmur, the life insurance company may feel that it is a sign of a more serious health condition – and this, in turn, could lead the insurer to having to pay out a claim. Because of that, the insurer may raise the premium rate that you pay for coverage – or, they may not even insure you at all.
There is a way to help in ensuring that you obtain the life insurance coverage that you need without having to go through a long and time-consuming process. This, however, begins with knowing where to turn when applying for your policy.
What is a Heart Murmur and How Can It Affect Your Life Insurance Application?
A heart murmur is defined as being an unusual or extra sound that occurs during a person’s heartbeat. These can range from between extremely faint to being very loud. In some cases, a heart murmur may sound similar to a swishing or a “whooshing” noise, whereas a normal heart beat should make more of a “lub-dupp” or a “lub-dub” noise. This is the sound of the person’s heart valves closing as the blood is moving through their heart.
Typically, a heart murmur in and of itself is not dangerous and does not require any medical treatment – and there are many individuals who have heart murmurs that never have any other types of health conditions because of them. In fact, many people only learn that they have a heart murmur after having a routine heart check with their doctor. Provided that this is the case, it is not likely that a heart murmur will cause any negative issues in obtaining life insurance.
If, however, the heart murmur does cause additional health related issues, and then there could be some problems in attaining coverage – depending on what the issue is. For instance, an organic heart murmur is caused by heart disease or by some other type of congenital heart problem. Some types of organic heart murmurs can be due to the following:
- Pulmonary Stenosis
- Pulmonary Insufficiency
- Mitral Valve Prolapse
- Mitral Stenosis
- Mitral Insufficiency
- Bicuspid Aortic Valve issues
- Aortic Stenosis
- Aortic Insufficiency
To determine your true health condition, the life insurance underwriters will need to take a look at all of the information that you provide, as well as possibly some additional data such as details from your physician or medical specialist, and information from a paramedical examination.
On the basic life insurance application for coverage, the life insurance company will want to know information such as your:
- Height and weight
- Health history
- Family health history
- Smoking status
- Alcohol consumption
- Occupation and income
- Marital status
- Hazardous activities (such as scuba diving or skydiving)
- Foreign travel
- Other life insurance policies in force (and if so, the amount of coverage)
It is important that you answer all of the questions on the application truthfully and as completely as possible. This is because it will help the underwriters in coming to a decision. Also, any incomplete answers could hold up the application process.
It is likely that you will also be required to undergo a paramedical exam as a part of the overall underwriting process. Here, you will typically meet with a medical professional for about 30 minutes to have your blood pressure, pulse, and heart rate readings taken. You will also likely be asked to provide a blood and urine sample so that they may be tested for certain risk factors by the life insurance company.
What the Life Insurance Underwriters Will Want to Know
If you are applying for life insurance coverage and you have a heart murmur, it is likely that the underwriters will want to have more in-depth information on your condition to make a clearer determination regarding your policy application. Therefore, some of the questions that you may be asked in addition to those that are asked on the general application for coverage include the following:
- When were you initially diagnosed with a heart murmur?
- What exactly was your diagnosis?
- What steps have you taken concerning your condition since obtaining your diagnosis?
- What is your degree of control as illustrated by your medical records, as well as any lab test results?
- Do you have any additional adverse health or medical conditions?
- Do you take any prescription medication for your condition? (And if so, what medication, and what is the dosage?)
- Do you control your condition in any other manner, such as with diet and exercise?
- Have you had any relevant lab tests performed such as x-rays within the past six months?
Once the life insurance company has received all of the information that it needs, the underwriters will be able to make a determination regarding your coverage, as well as the amount of premium to charge you for your policy.
How Much Will Your Insurance Coverage Cost?
If your heart murmur is not causing you any additional health concerns, and you are otherwise in excellent health – and you are a non-smoker, then it may be possible for you to obtain a Preferred policy rating. This means that you could pay less in premium than even the average individual.
If, however, you are considered to be in average health, as well as average height and weight, and then you will likely be offered a Standard policy classification. This means that you are considered to be in average health when considered in comparison to other policyholders.
Should you have some health related issues – but these issues are not enough for the insurer to decline your application altogether – then the insurer may offer you a policy with a Substandard classification. This means that you will still be able to have a policy, however, the insurer will consider you a higher risk policy such as someone needing life insurance after a heart attack, and the premium that is charged will be higher than that of the average policyholder.
If you are currently in the hospital or have recently been in the hospital then the life insurers will classify you as a policy for a heart patient and will most likely push you toward a guaranteed issue policy or a simple plan for burial insurance.
It is important to note that all life insurance companies do not underwrite their applicants for coverage in an identical manner. What this means is that what one insurer may deem as being a Substandard classification for a policy, another insurance carrier may deem as being a Standard – even with the same health conditions. This is why it is so important to have access to more than just one insurer and to shop around before making your final determination on your coverage.
Where to Find the Best Premium Quotes on Life Insurance with a Heart Murmur
When looking for the best premium quotes on life insurance with a heart murmur, it is typically wise to work with a company or an agency that has access to more than just one life insurance carrier. This way, you will be able to compare what is available to you regarding policies, benefits, and premium prices – and from there you can determine which will be the best solution for you.
If you are ready to get started, we can help. We work with many of the top life insurance companies in the industry, and we are well versed in understanding that of these carriers will work with applicants who have a heart murmur. We can assist you in obtaining all of the information that you need to make a more informed policy purchase decision – and we can do so without you needing to meet in person with a life insurance agent. When you are ready to start searching for coverage, all you have to do is fill out the form on this page.
Should you find that you have any questions along the way regarding how to obtain life insurance with a heart murmur – or even if you just have questions about life insurance in general – our experts are here and ready to assist you. We can be reached directly via phone, toll-free, by calling 888-229-7522.
We understand that applying for life insurance can sometimes be a cumbersome process – especially if you have been turned down for coverage in the past. But working with an independent company that has access to multiple insurers can help to broaden your spectrum of potential carriers – and increase your chances of obtaining coverage exponentially. Now, you have an ally on your side. So, contact us today – we’re here to help.