Lowest cost Life Insurance with Bundle Branch Block
When searching for life insurance with bundle branch block, it is important to understand that each insurance company will review your medical history differently.
Where one company may charge you a very high rate based on your medical history, another company may offer you their standard rates. This is based on the underwriting criteria that each life insurance company uses. The secret is knowing which company will offer you that best rate and how to find them.
Undoubtedly, the number one tip when looking for the lowest rates for life insurance with bundle branch block is to use an agent that is an expert in this niche area of the life insurance arena.
When it comes to companies in the marketplace that offers the absolute lowest rates for bundle branch block, it really comes down to only a handful of carriers out of more than 1,000 companies in the United States that sell life insurance.
Many agents simply represent one insurance company. Or perhaps that only sell life insurance to individuals with a perfect medical history. Many simply do not know what questions to ask about medical history and how to negotiate with the different insurance companies.
The agent that specializes in covering individuals with bundle branch block will typically have years of experience dealing with clients that have pre-existing medical history and represent dozens of different life companies.
Your agent is your number one biggest ally when trying to secure the absolute lowest rates on life insurance with bundle branch block.
Bundle Branch Block: What is it?
According to the Mayo Clinic bundle branch block is a condition in which there’s a delay or obstruction along the pathway that electrical impulses travel to make your heart beat. If the system is slow to conduct or does not conduct at all, a person is said to have a heart block. Bundle Branch Blocks are one type of heart block.
It is estimated that bundle branch blocks occur in less than 1% of the population.
When an underwriting insurance company reviews an application for life insurance with bundle branch block they will want to know the cause of the bundle branch block.
One of the most common causes (50%) is coronary artery disease. Other causes can include cardiomyopathy, hypertension, tumors, fibrosis, trauma, and aortic stenosis.
However, bundle branch block can occur in a heart that has no obvious abnormalities.
What happens when you apply for life insurance?
Applying for life insurance with bundle branch block should be handled by your agent a bit differently than someone with no pre-existing medical conditions at all. Here’s why.
As mentioned earlier, all life insurance companies review and evaluate medical history differently. So, in order to find out which insurance company will make the absolute best offer, it is best to do what we call an informal inquiry.
An informal inquiry is something that usually only an experienced agent would use. This informal inquiry allows the agent to gather information from the insured regarding their medical history, benefit needs, etc. before officially applying for coverage with any particular carrier.
This allows the agent to negotiate with several carriers and get a pretty good idea of what each carrier would offer if the insured did apply to them. This is important for two reasons.
- By doing an informal application, you are not actually submitting signed applications, medical records and insurance exams to multiple companies. This keeps your information out of the medical information bureau file until you are actually ready to apply. What if all these carriers decline you for coverage? This would make it twice as hard to secure coverage once you have insurance declination’s in your MIB file.
- It saves you time and money. Filling out multiple applications and doing insurance exams, lab work, EKG’s, etc. is a waste of time, energy and money if a particular insurance carrier wouldn’t insure you at a reasonable rate anyway.
It is always best to know before you actually apply what the insurance company would charge you once you do apply. Nobody likes finding out after going thru the entire process that they will be charged a rate 3 times higher or more than originally thought.
You see, unlike other types of insurance, the rates for life insurance are not set in stone until the underwriter reviews all personal medical records, lab studies, exams, EKG’s, etc.
The informal application process typically allows the agent to have a pretty clear idea of what the rate would be before actually applying. Most agents with no experience will simply quote their best rate hoping to get the customer to fill out an application.
This can make very a very unhappy customer once the complete medical underwriting is completed and the rates come back much higher due to history of bundle branch block or any other medical condition that might affect the final rates.
Typical questions asked regarding life insurance with bundle branch block
Here are some of the typical questions that can help an agent negotiate the best rates for an individual looking for life insurance with bundle branch block:
- What type of bundle branch block is present?
- How long has this been present?
- Has there been any recent changes in ECG?
- Any of the following ? Chest pain or coronary artery disease, cardiomyopathy, high blood pressure, congenital heart disease, valve disease
- What cardiac studies have been done? I.E. exercise thallium or exercise treadmill, resting or exercise echocardiogram? What were results?
- Any current medications? What type?
- Any use of cigarettes?
- Any other major health problems?
The answers to these questions along with sex, age, amount of coverage, family history will allow an agent to paint a picture to different underwriters to see if an affordable offer is available.
It is important to remember, that each individual is different and companies evaluate differently. Therefore, decisions are based on individual considerations for each person.
Specialriskterm.com
We are experts at finding the absolute lowest rate in the industry for individuals looking for life insurance with bundle branch block. We represent over 100 of the top life insurance carriers in the marketplace. We do not work for the insurance companies. We work for you to find the best possible rates.
If you would like a free consultation, please contact us at 1-888-393-9003 or mike@specialriskterm.com Thank you for reading this post.
