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Shopping for Life Insurance With Heart Disease?

If you are shopping for life insurance and you have heart disease, then you may worry about if or how you can get coverage. Your options depend on the current status of your heart health, and whether or not your condition is well controlled. There are many carriers that will offer standard rates even if you’ve had a heart attack, a by-pass surgery, or a stint. Because there are many advancements in medical technology when it comes to heart issues, many carriers will look at follow up care to determine the likelihood of another heart attack.

A Standard Rate

With heart disease, your best case scenario would be to get a standard rating. This means that you’ll pay the same rate as someone else who is in average health. Most carriers will want at least 2 or 3 years to have passed since your heart attack before they’ll consider a standard rate.

They will also pay attention to what you’ve done since your heart attack to prevent another one.

Rated Up

If your heart disease is more serious, or if you’ve had a recent heart attack then a life insurance carrier will most likely “rate” your premium up. This means that you could pay 25, 50, or 100% more than the standard rate. A rated premium varies from carrier to carrier so it pays to shop around.

Work With An Experienced Agent

If you have heart disease then the most important thing you can do is to work with an experienced agent. Because the underwriting requirements vary so much from one carrier to another, you might be declined with one life insurance company while another company will give you a standard rate.

An experienced agent will be knowledgeable about which carriers work with someone who has heart disease and which carriers don’t. Be sure to disclose everything you can about your health so your agent can point you in the best direction.

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