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can i buy life insurance after heart surgery?

May 3rd, 2010 | | Tags: , , | 8 Comments | |

coinsandgrpahs

I bought 30yr term @ age 40,am now 47. 4yrs ago i had a heart bypass. In 5 yrs my premiums will be out of reach.Any thoughts?

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8 Responses to “can i buy life insurance after heart surgery?”

  1. P J Says:
     May 3rd, 2010 at 1:06 am

    Probably not unless the premiums are astronomical

  2. Chuck P Says:
     May 3rd, 2010 at 1:06 am

    Yes, there are companies out there that don’t require physicals and the premiums won’t go up for pre existing conditions. I can’t think of the name right now but Robert Wagner, the actor does the commercials for them. It may be Franklin Life insurance. Check with AARP they also have some good contacts.Good luck

  3. plank Says:
     May 3rd, 2010 at 1:06 am

    Speak to an Independent Financial Adviser. They can scan the whole market and get you the most competitive rate. As long as you’ve had a clean bill of health after the operation and continue to live a healthy life-style then you SHOULD be able to obtain cover. The premiums will almost certainly be loaded. The Insurance Companies will almost certainly contact your GP and you may have to have an independent health examination.

  4. yalvarez2002 Says:
     May 3rd, 2010 at 1:06 am

    Sure you can.It will cost more but everything is possible.My wife is an State Farm Agent.

  5. imsety Says:
     May 3rd, 2010 at 1:06 am

    Term Insurance is a gamble especially with a bad heart condition, you may not be able to get insurance(life insurance).

  6. aaron p Says:
     May 3rd, 2010 at 1:06 am

    There are a few companies out there who will accept the risk of heart disease before age 65, but the list is very short. 4 years of good cardiac follow-ups is not a lot of information to go on, however, at your age.

    You should work with an independent agent who has experience handling difficult cases like yours. Expect them to ask intelligent questions such as why you needed the bypass and how it was discovered. Final offers will vary if they discovered the blockage because of chest pain or because of a routine stress EKG, for instance.

    Good luck.

  7. LifeInsuranceAgent Says:
     May 3rd, 2010 at 1:06 am

    Find out what the "conversion privilege" is for the existing policy. You can convert to permanent insurance based on the health rate class you qualified for when you bought the original policy.

    As far as underwriting for a new policy is concerned, coverage may be available depending on the number of vessels involved, current health, other health issues, etc..

    Heart surgery before age 50 is hard and the companies that will be available will charge you a lot…if you look at "standard" rates, your best case will probably be double or triple the standard rates to get your rates, maybe worse/better.

    You want to shop out on an informal basis with an agent that understands specialty risk. This allows you to cover multiple companies before having to fill out paperwork at multiple companies.

  8. mbrcatz17 Says:
     May 3rd, 2010 at 1:06 am

    Well, sure you can – but you’re not necessarily going to get very good ODDS. In other words, the premiums are likely to be even higher than just renewing your current term policy.

    Anyone can buy life insurance. But sometimes, it costs the same as it pays out. I don’t think that’s what you are looking for.

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