How Can I Get Life Insurance After A Heart Attack?
Posted by Jamie | Posted in Medical | Posted on 21-02-2010-05-2008
0
After experiencing a heart attack can I get term life insurance?
More often than not the answer is yes and you may be able to get your life insurance at a regular rate class. When assessing coronary artery disease, or CAD, and heart attack history the life insurance underwriter will assess the severity of the disease using factors including:
People with single vessel disease tend to do quite well and may be offered life insurance at better than standard rates. For example, research by RescueQuote.com found that a fifty-six-year-old man who had an AMI, acute myocardial infarction, caused by 95% LAD who had a stent applied could be offered a standard plus rate. Standard plus is a rate class that is just 1 step under preferred and better than the average person would be asked to pay. To get this rate a person would have to be a non smoker who is fully recovered from the MI. He would have to have good left ventricular function and do well on a stress test. In this case medicines including a beta blocker for blood pressure, a statin drug to reduce lipids and aspirin were prescribed to maintain normal values.If the same person had three vessel disease with stents applied it is possible that he could get a policy at table C. What that means is the rate charged would be the standard rate times 1.75. While this is a higher rate than the average person pays it is still quite affordable, especially considering that the need for term life insurance is high due to the increased risk.In any case, once you have had an MI you will need an agent who can shop the market for the company that will give you the best rate. Some companies will decline applicants with an MI history and others will tack on a large extra premium. Your agent will need to find a company with an experienced underwriter who will fairly review your case and give you a fair rate.
