Anytime a person is diagnosed with a heart condition and applies for life insurance whether it is Term life insurance, Universal Life or Whole Life insurance, the life insurance companies have to become very cautious and move slowly. The total picture no longer just revolves around what the projected premium will be, it now becomes a question of will they even consider insuring this applicant regardless of the price of the policy.
One of the most serious questions they will bear in mind is how this condition will affect the applicant’s projected life expectancy which is only normal consideration. At this point in time they cannot afford to make any mistakes especially with high face amount policies.
Current heart conditions before and after open heart surgery has already taken place.
On the other side of the coin a person may wish to apply with a history of heart surgery on his or her record that was already performed. If a person has a current heart condition or they had a heart condition that was rectified with surgery the overall picture is similar. This is because depending on how long ago the open heart surgery was, the life insurance companies want to make sure the applicant will be recovered or at least on the road to recovery.
They have to move cautiously because of the high risk of heart related issues. You have to remember that life insurance companies insure literally thousands of new applicants every year.
Choosing the most applicable life insurance company after heart surgery is extremely important.
The most important first step is finding an experienced life insurance agent right from very beginning so you can eliminate a lot of wasted time. The premiums you will see on a quoting engine will not normally be accurate to what the final outcome will be when the underwriting process is all said and done. Your agent can make the process of finding life insurance for people with heart related issues a simple process.
Reviewing the best Term life insurance quotes for a healthy person is normally simple and very quick, but there is a considerable difference when serious health conditions like heart disease enter the picture. Purchasing affordable Term life insurance for people with health problems is still very possible, but this becomes more time consuming and involved if major health problems are present.
How long does this process take and what to expect when purchasing Term life insurance for cardiac patients.
Purchasing Term life insurance for a healthy person can very easily take a month when going the full underwriting route to find the lowest premium. When heart conditions enter the picture the whole process can easily triple in time consumption because as I said before the carriers have to be very careful and take their time so they do not make any costly mistakes for their sake and the consumer’s best interest also.
You do not want to have an insurance company rush the process and calculate a higher premium than necessary. Simplified underwriting or guaranteed issue life insurance could easily cost more that you could afford to pay.
Premium increases for these heart related medical conditions can be expensive depending on the exact condition in question.
Depending on your own medical condition and your doctor’s overall prognosis can lead to a standard premium to well over 200% more or even a decline. This is where the help of an experienced life insurance broker’s assistance is worth its weight in gold. Experienced agents know what to look for and what to expect when attempting to locate their clients best life insurance quotes possible for their medical history concerning these heart conditions.
If you have had a heart attack, valve replacement, stent, coronary by-pass surgery any other heart repair procedure, you just have to go through the process step by step until you receive an affordable offer. There is no such thing as rushing the system. The life insurance companies have to move at their own pace and follow their underwriting guidelines.
The cardiac medical field has experienced great success helping people with heart related problems and wonderful results with surgery.
Years ago open heart surgery was nothing less than a roll of the dice but now they perform miracles from everything from inserting a stent to transplant surgery. If you have or had any heart related conditions and you would like to purchase life insurance we can help you. Feel free to contact us 7 days a week and we can perform a free pre-screen and give you a good idea what to expect if you apply.
We have over 20 years of experience helping people find the best life insurance products with the lowest possible premiums. Purchasing Term life insurance after heart surgery can be a simple process with the help of a good agent. Thank you for visiting our blog.