Is life insurance after heart valve surgery available?
Finding affordable life insurance after heart valve surgery can sometimes be difficult. But, if you know the secrets of the life insurance industry your search could be over.
You see, out of the over 1,000 life insurance companies in the United States, there are a handful of companies who specialize in underwriting certain medical conditions.
This type of underwriting in the industry is know as sub-standard risk life insurance. In other words, these carriers try to offer coverage to individual that may have pre-existing medical conditions like heart disease, diabetes, MS, post cancer.
In addition, not every carrier that specializes in sub-standard risk life insurance underwrites each condition the same. For instance, you may have one carrier that does a great job underwriting diabetes, but does a not so great job with heart cases.
The number one job of a good special risk life insurance broker is to find the company that best underwrites life insurance after heart valve surgery the best.
What company underwriters life insurance after heart valve surgery the best?
In order to shop the marketplace so to speak for carriers that underwriter life insurance after heart valve surgery the best you first need to find a special risk broker.
Fortunately, you have landed on this page. We are experts at finding coverage that other agents could not find. To start, the broker will need some general information in regards to your situation. Below are questions that need to be answered in order to start the process of finding you affordable life coverage.
Important questions to finding out if coverage is available
- Male or Female
- Date of Birth
- Height/Weight
- Any history of tobacco use
- When was the surgery completed
- What type of surgery was done? I.E. valve replacement, valvuloplasty, commissurotomy, other
- What type of disorder? I.E. Aortic stenosis, Mitral stenosis, Mitral valve prolapse, Aortic insufficiency, Mitral insufficiency
- What type of valve was used if replaced? I.E. Prosthetic (mechanical) Tissue (pig valve)
- Have you had an recurring chest pain, heart failure, palpitations, dizziness or trouble breathing
- Is there any history in addition to the valve disorder of coronary artery disease?
- What medications are you taking if any?
- Do you have any other medical history?
- Is there any family history of heart disease, cancer, stroke, kidney disease?
In addition to the information above, it is also important to know the amount of protection needed and the type of coverage preferred? (Term or whole life)
Once your broker has the information above, they can then speak to the different underwriting companies and see what coverage might be available.
The process of having your broker shop the coverage without initially having to go thru a medical exam and completing an application is the smart thing to do. This keeps your record out of the medical information bureau.
There is no reason to apply for life insurance coverage without knowing for sure if you have a reasonable good chance of being approved for coverage. This is the smart way to shop for coverage.
What if I get declined for life coverage?
As we mentioned, finding life insurance after heart valve surgery can be difficult and sometimes it is just not possible to get an offer for every prospect due to their medical history.
But, it is important to remember that if coverage thru traditional channels is not available all may not be lost. They may still be options for coverage thru guaranteed issue companies.
Guaranteed issue life insurance is offered without a medical exam or even health questions. There may be some qualifying questions such as do you work at least 20 hours per week or there could be some age restrictions, but oftentimes we can still find some coverage available. The amounts of coverage for guaranteed issue may be limited to $50,000 or $100,000 and depending on the state you reside in could sometimes be a problem if the plan is not approved in your state.
Conclusion-
If you have a had heart valve surgery and want to see if you qualify, just give us a call at 678-207-8160 or email the owner at mike@specialriskterm.com. We will give you a free evaluation of your situation and find out if coverage is available.
