Yes, most people who have had a heart attack and get life insurance. If you were under age 40 when you had your heart attack, you may need to settle for guaranteed issue or simplified issue life insurance. If your heart attack was at an older age, your heart function is still good, you have addressed any issues that led to the heart attack (CAD, diet, etc), and several years have passed since having the heart attack, you should be able to get a medically underwritten policy. If you have just suffered your heart attack, your choices will be limited to graded policies for a few years. But you can get life insurance in most states.
Medical technology is GREAT. Most of us will survive these Critical Illnesses (CI) which used to kill us immediately or soon after. The problem is once you had a CI, your mortality is greatly reduced meaning you are not expected to live a "standard" life time. When it comes to life insurance, companies tend to frown upon issuing policies.
I would recommend filling our a questionnaire which asks all the questions which underwritters want to know about the heart attack you had. Generally, companies like to wait up to five years after the incident to determine how you will qualify for the insurance and to give your best opportunity for a reasonable premium. Prior to five years, then you may have no choice but to look at a guaranteed or graded policy with limited death benefits.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
There are two very important people in the life insurance business. The actuary uses a massive amount of data and develops projected life expectancies for standard risks. The underwriter evaluates specific risks to determine how close that person is to “standard.” All of us who are involved in selling life insurance have been surprised by who the underwriter will issue a “standard” policy, and disappointed when an apparently healthy applicant is offered a rated policy. These decisions are based on years of experience and mountains of statistics. Some companies specialize in risks that are not standard.
President, The Firm of Steven H. Kobrin, LUTCF, 6-05 Saddle River Rd #103, Fair Lawn, NJ 07410
This is a good question, as I am sure it is shared by many people with a cardiac history. Fortunately there is good news here: I have seen underwriters make amazing offers in cases like this. These include a gentleman who had a heart attack at age 38; a gentleman who was diagnosed with CAD at age 52; and even a young man who had a heart transplant as a teenager. You will need good follow-up test results, and good overall health. If not, then you may still qualify for coverage, but at a higher price.
Great question! The answer is yes, you certainly can. The trick is finding the best company to write that policy for you. The companies will all have a "look back" period, and things that happen within that period, like a heart attack, can influence whether they will insure you, and at what cost. I'd recommend that you find an independent agent who can look at several companies to find one that is the most favorable for you! If you'd like help, please contact me, I'll make time to help you. thanks for asking!
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I would recommend filling our a questionnaire which asks all the questions which underwritters want to know about the heart attack you had. Generally, companies like to wait up to five years after the incident to determine how you will qualify for the insurance and to give your best opportunity for a reasonable premium. Prior to five years, then you may have no choice but to look at a guaranteed or graded policy with limited death benefits.