Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
Depending upon your age and the severity of the cardio event, you may be able to secure life insurance coverage. It could be a postponement or rated, but after time has elapsed and the condition improves you should be able to secure coverage. There are impaired risk carriers that are benevolent with cardio events, so it pays to shop the market.
You should be able to get life insurance after a heart attack, but it can take a while until you are able to be approved for life insurance. Most nonmed policies require a waiting period of at least one year after a heart attack.
Medically underwritten policies can be more lenient, or much stricter. That is because they look at the total picture: smoking status, weight, complicating health conditions such as diabetes, etc. If the heart attack was an isolated incident and steps have been taken to prevent another one, one may be able to get life insurance shortly after suffering a heart attack. If the whole health picture is unfavorable, the person who had the heart attack may need to take guaranteed issued life insurance.
Normally, the case is middle ground, so finding a life insurance agent that specializes in heart disease can be very helpful.
That is a great question! Absolutely you can. But please have a good independent agent help you. There are some things that can really make a big difference in your rate and benefits, like the meds you're on, how long ago you had it, and any post heart attack issues that you may have had. But I promise you there is life insurance out there for you. If you need help, please inbox me, ok? thank you for asking!
You can get life insurance after a heart attack. However, that is just a blanket statement. There are a lot of factors to consider before purchasing a life insurance policy. An underwriter will want to know the details of your heart attack including the date, damage to the heart muscle, limitations in daily routines, change of diet, exercise, any medications, etc. The underwriter will also want to know the cause of the heart attack, blockage, stress, HBP, etc.
Once all of these factors are determined then you will shop for your best offers. I highly recommend using an experienced independent life insurance broker who can shop multiple companies and speak to underwriters in advance for your best options. Applying for multiple companies can cause a lot of unnecessary hits to your MIB (Medical Information Bureau) report, which can and will cause you issues in the future when applying for other types of insurance. Good luck!
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Medically underwritten policies can be more lenient, or much stricter. That is because they look at the total picture: smoking status, weight, complicating health conditions such as diabetes, etc. If the heart attack was an isolated incident and steps have been taken to prevent another one, one may be able to get life insurance shortly after suffering a heart attack. If the whole health picture is unfavorable, the person who had the heart attack may need to take guaranteed issued life insurance.
Normally, the case is middle ground, so finding a life insurance agent that specializes in heart disease can be very helpful.
Once all of these factors are determined then you will shop for your best offers. I highly recommend using an experienced independent life insurance broker who can shop multiple companies and speak to underwriters in advance for your best options. Applying for multiple companies can cause a lot of unnecessary hits to your MIB (Medical Information Bureau) report, which can and will cause you issues in the future when applying for other types of insurance. Good luck!