You probably came across this article because you’re wondering if you can get life insurance after you had a heart attack. The good news is yes, you can get insured after having a heart attack. The challenge is finding a life insurance company that will provide the best rates for someone who has heart conditions or just had a heart attack. Don’t let that discourage you at all because you could be dead right now but you are strong enough to keep it together and live. The last thing you need to handle is stress so hopefully, after reading this article you can take off the coat of worry and live the rest of your life happy and healthy with the ones you love. The following are some key points we talk about in this article;
- A heart attack basically means that the blood that flows through your heart was blocked and caused your heart muscle to either damage or die.
- After you pick an insurance company they will be asking you a lot of questions during the underwriting process.
- Don’t withhold information from the company no matter how bad you think it is.
- The more shopping around you do after you just had a heart attack, the bigger your chances will be to find the best rates possible.
- Here at InsureChance, we work with many companies that specialize in high-risk clients if we search for those companies you will get the best rate ever!
- Preferred Plus Non-Tobacco; This is the top health rating any insurance company offers. This is typically reserved for someone who is excellent health with a good height/weight.
- Preferred Non-Tobacco; This is an excellent health rating and this is the most common rating people will have versus preferred plus. This is due to mild health condition or being mildly overweight.
- Standard Plus Non-Tobacco; This is the 3rd best class offered. This is reserved for the applicants with well-controlled diabetes, people who use non-cigarette forms of tobacco such as pipes or cigars, and people who are up to 40 pounds overweight.
- Standard Non-Tobacco; If you have average health and have some health conditions such as diabetes, 4 speeding tickets or less in 3 years, use marijuana recreationally, and are up to 50 pounds overweight would be classified as standard non-tobacco rates.
- Substandard Non-Tobacco; This rating is more for people with medical conditions such as Diabetes I, history of heart disease, recent DUI/DWI, Crohn’s disease, hepatitis C, COPD, PTSD and more.
- Tobacco Rating; Most carriers only carry two different type of tobacco rates such as Preferred Tobacco and Standard Tobacco. This rating is obviously for cigarette smokers.
- You can still find a company that will approve you if you have had multiple heart attacks or even if you have a more serious form of heart disease.
- The best part of these no exam life insurance plans is that some of them don’t even ask about your health.
- Some of these companies can issue a policy to you within 15 minutes to about 72 hours with the electronic delivery same day as the approval.
- Final Expense Insurance is a policy that has a purpose to cover funeral and expenses associated with death.
- Guaranteed Life Insurance: This is a type of financial protection that provides cash or death benefits to the listed beneficiary upon the insured’s death.
Can I get life insurance after having a heart attack?
Just like we said before the answer is still yes! You or a loved one had a heart attack which basically means that the blood that flows through your heart was blocked and caused your heart muscle to either damage or die. The only reason a life insurance has to not insure you after you had a heart attack is because they judge best with statistics. And statistics show that many people can not handle a heart attack and pass away, for that reason most don’t like to insure people with heart problems or who just had a heart attack.
Underwriting Questions
After you pick an insurance company they will be asking you a lot of questions during the underwriting process. Don’t withhold information from the company no matter how bad you think it is. The worst the company can do is deny you coverage, however, if you lie and the insurance company finds out you will get denied for sure.
- How serious was the heart attack?
- How much damage has heart attack done to your heart?
- When did you have your heart attack?
- Did you have any procedures to prevent future problems such as a bypass?
- Since you had your heart attack, as there been improvement?
- How often do you visit your doctor?
- Are there treatments that your doctor recommended to you?
- What caused your heart attack?
What if my application was declined?
If you did an application with a big insurance company because they some how convinced you that it’s quicker and better approval rate but in fact, they declined you. Don’t let that bring you down at all, the whole thing about finding the best insurance company is the research and shopping around. The more shopping around you do after you just had a heart attack, the bigger your chances will be to find the best rates possible. A better way would be to contract an independent life insurance company to do all the work for you. Here at InsureChance, we work with many companies that specialize in high-risk clients, if we search for those companies you will get the best rate ever! Worst case scenario, if you are uninsurable because the level of the heart attack you had then you could still get insured with a guarantee issue or even a final expense policy because those two don’t require a medical exam or health questionnaire.
What rate class am I?
- Preferred Plus Non-Tobacco; This is the top health rating any insurance company offers. This is typically reserved for someone who is excellent health with a good height/weight. They are likely to receive a quote for $250,000 face amount with a 20-year term for a male it would be $18 per month and for women, it would be $16 per month. IF you have mildly elevated blood pressure or mildly elevated cholesterol you may still qualify for this rating. Even individuals with mild asthma or anxiety that is being controlled can also qualify.
- Preferred Non-Tobacco; This is an excellent health rating and this is the most common rating people will have versus preferred plus. This is due to mild health condition or being mildly overweight. They are likely to receive a quote for $250,000 face amount with a 20-year term for a male it would be $23 per month and for a woman it would be $20 per month. IF you have high blood pressure, sleep apnea, family history of heart attack or cancer, and have anxiety or depression you can still qualify for this rate. Even if you are also 20 to 25 pounds overweight and still qualify for this rate.
- Standard Plus Non-Tobacco; This is the 3rd best class offered. This is reserved for the applicants with well-controlled diabetes, people who use non-cigarette forms of tobacco such as pipes or cigars, and people who are up to 40 pounds overweight. They are likely to receive a $250,000 face amount with a 20-year term for a male it would be $29 per month and for a female, it would be $25 per month.
- Standard Non-Tobacco; If you have average health and have some health conditions such as diabetes, 4 speeding tickets or less in 3 years, use marijuana recreationally, and are up to 50 pounds overweight would be classified as standard non-tobacco rates. They are likely to receive a quote for $250,000 face amount with a 20-year term for a male would be $35 per month and for a female, it would be $30 per month.
- Substandard Non-Tobacco; This rating is more for people with medical conditions such as Diabetes I, history of heart disease, recent DUI/DWI, Crohn’s disease, hepatitis C, COPD, PTSD and more. They are likely to receive a quote for $250,000 face amount with a 20-year term for a male it would be $52-$105 per month and for a female, it would be $45-$90 per month.
- Tobacco Rating; Most carriers only carry two different type of tobacco rates such as Preferred Tobacco and Standard Tobacco. This rating is obviously for cigarette smokers and the quotes they are likely to receive for a male would e $69-$92 per month and for a female, it would be $54-$74 per month.
What if I have had multiple heart attacks?
You can still find a company that will approve you if you have had multiple heart attacks or even if you have a more serious form of heart disease. Just know that your options are very limited but don’t let that scare you away from life insurance because everyone deserves to have life insurance. You may have to be open minded when it comes to the amount of coverage you want. You will have to look into no medical exam insurance policies because that would be your best bet if you have multiple heart attacks or a more serious form of heart disease.
What are types of no medical exam life insurance?
- Final Expense Insurance: A type of policy that has a purpose of paying for the funeral and any final expenses associated with it. Final expense insurance is also known as burial insurance. The simplest funerals cost thousands of dollars and this unexpected cost can really hurt a family and cause so much stress.
- Guaranteed Life Insurance: This is a type of financial protection that provides cash or death benefits to the listed beneficiary upon the insured’s death. This type of policy is provided for anyone despite health!
Why should I choose an independent life insurance brokerage?
Earlier in the article, we spoke about how important it is to shop around but we didn’t mention how time-consuming it can be trying to look through different insurance companies and policies. The truth is you can cut that time in half by speaking to an independent licensed agent. The good news is that InsureChance is an independent life insurance brokerage and are here to widen your choices, help you save money, provide unbiased advice, and help with claims. In addition to that, we also offer a lifetime support if you ever need to make changes to your policy.
Final Thoughts
In conclusion, if you have had a heart attack don’t let that stop you from getting life insurance! There are ways for you to get insured by a company and it all goes down to the companies. Don’t let the big box companies convince you to get coverage from them because it’s easier because it isn’t, most big box companies rarely care for their clients to get the best rates because they know there are a million other people out there and that’s why you should also think that way; there are many other fish in the sea, there are many companies out there for you! InsureChance is here to help you find the best rates and provide lifelong assistance. We focus on our clients and have many companies under us that provide insurance for high-risk clients. Give us a call today at 888-492-1967. Welcome to InsureChance!
