Can I Purchase Life Insurance A Few Months Before My Heart Surgery?

I have marfan syndrom and will eventually require a second heart surgery in the future. Can I be covered if I chose a plan but only pay about 5 months of premiums?

  1. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    You can purchase a life insurance policy on a guaranteed issue basis only from the information you provided.

    First, since this is a second surgery,  the first one will require doctors notes.  They will find in your record that a second surgery is needed and/or see it is scheduled which will cause them to at minimum postpone the application for 2-5 years depending on the company.

    Therefore, a guaranteed issue policy which will give a max death benefit of 35k.  You may be able to get more with some additional research on companies that offer this type guaranteed life insurance.
    Answered on December 30, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Not only in just this case, but in general, it is usually not possible to apply for a medically underwritten life insurance policy months before a major surgery. Most policies want you to wait until after the surgery to apply.

    With Marfan Syndrome, you may only be able to purchase nonmed, simplified issue polices. I know that Marfan's is often diagnosed while in adolescence, so you may not be old enough, yet, to purchase a guaranteed issue policy. If you are 40 or over, you should be able to get one.

    About a year after your surgery, contact an agency that specializes in impaired risk life insurance and get something, then try again a year after that. If you time it right, you should be able to get a few affordable policies together to carry on throughout your life.
    Answered on December 30, 2013
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  3. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That's a great question! First of all, let me offer my hopes and prayers for your health and recovery.  You are in a situation that really highlights the benefits of purchasing life insurance before the need, and how easy it is to fall between the cracks. If you are over 40, you can purchase what is called a "guaranteed issue policy". They are a little more expensive usually than other policies, but ask few if any health questions. The downside to them, other than higher cost, is that they all have a period called a "grade" where the payout should you pass is just what you'd paid in, plus some interest. My advice would be to find an agent to help you find one that will have the shortest grade and the highest interest, to best protect yourself. If I can help in any way, please contact me. Again, best of luck, and prayers for you. Thanks for asking!
    Answered on April 21, 2014
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