If you're a man or woman that recently suffered from a heart attack or other heart problem such as a stroke or myocardial infarction, the good news is, you still can get life insurance coverage.
There are some insurance underwriters who will see your case more favorably than others and will be able to offer you affordable rates. Finding those underwriters takes some shopping around on your part.
Heart disease affects approximately 12 percent of the North American population. What's more, according to the Center for Disease Control and Prevention (CDC) , statistics show that it is the number one killer disease within the nation.
Statistics from the American Heart Association show that 5.7 million men and women in North America suffer from heart failure every year.
Nevertheless, with continual medical improvements, more and more heart patients and people with heart problems have faster recovery times and survive far longer than in previous years. However, unsurprisingly insurance companies still view heart patients as a high risk category.
Thus, insurance rates for those who have previously suffered from a heart attack or other severe heart condition do continue to reflect the severity of the disease. "Preferred" premium rates (usually affordable) may not be possible, but "standard" premium rates are certainly obtainable. This means you won't be getting the most affordable premiums, but, at least, you'll get coverage.
Providing that you have undergone treatment for your heart condition and your particular condition is not regarded as being too severe (i.e. congestive heart failure) then you should be able to find affordable life insurance. Regardless of anything, should you have a family, you really ought to protect your family’s future financial needs first.
There's always the choice of going with guaranteed issue policy - these are more costly and don't offer a large coverage amount, but for some people, they may be sufficient.
Can I Get Life Insurance With A Heart Condition?
You've probably heard that you cannot get life insurance after having a heart attack or a heart disease diagnosis. This is not true. You still can get coverage, even with a heart condition. But obviously is not as easy and premiums will be higher than an healthy individual.
Can I Get Life Insurance With Congestive Heart Failure?
This is a difficult question to answer because the condition is considered a serious medical condition that most likely will lead to reduced life expectancy. You definitely need to speak with a life insurance specialist to find out if it is possible to get coverage for your specific situation.
How much will life insurance cost with heart disease?
This depends on many factors, like your age, your actual heart condition, your prognosis, your current treatment and medication, plus many other factors. It's best to speak with a life insurance specialist and explain your particular situation. Keep in mind that getting cheap rates may no longer be possible.
What Do I Do If My Life Insurance Coverage Is Denied?
You could always try a guaranteed acceptance life insurance policy, also called a no-medical exam policy.
This type of policy will cost more and will not offer a high death benefit.