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.
The second step of getting approved for life insurance is going through a medical exam. 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 have a heart murmur and have submitted an application, you will probably get a call from the underwriter and they’ll want to ask you some additional questions regarding your situation:
- How long have you been 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?
- Are there any other health conditions you suffer from?
- List out the medicines you take for your condition, along with others.
- 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?
After your tests and exam results have been analyzed by the carrier and the medical company they will email you your final quote and your class rating.
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.
There are chances that the carrier looks at your heart murmur and decides that they will insure you, but they’ll drop you to a Substandard rating class. Normally this is indicative that you are a high risk applicant, and your premium will increase.
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.
Remember that what one life insurance carrier rates you, doesn’t mean all carriers will give you the same class rating. 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, we recommend looking for an insurance agency that will give you quotes from more than one life insurance carrier. This gives you an advantage because you can compare the policies each offer and you will definitely get rates that aren’t the same.
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. Our producers will walk you through the information you’ll want to make a more informed policy purchase decision – and we can do it all over the internet.
If there are extra concerns or questions you want immediate assistance please call us at 888-229-7522. Our agents will do their best to answer your questions and will love to help find a plan for your budget.