Want to make a life insurance agent lose his or her mind?
That’s easy, just ask them to give you a life insurance quote after you’ve had an angioplasty procedure performed and watch what happens.
In the life insurance world, you’re going to have about 12 different rate classes that an individual can potentially qualify for. There are those Preferred and Preferred Plus rate classes that reserved for only the healthiest among us, then it drops down to Standard and Standard Plus, and then from there you get into Table rated clients who will be eligible for substandard rates A-H or 1-8.
And the problem is…
…you’ll see that most life insurance companies are typically going to say that life insurance applicants with a pre-existing medical history of angioplasty will potentially be able to qualify for 8 of the 12 or, they’ll simply be denied coverage all together!
This is because…
When it comes to those who’ve actually had an angioplasty performed, there’s going to be an enormous amount of variation in their health from one client to the next. This is why your life insurance agent is going to need to know a lot more about you before he or she is going to be able to have any idea about what you will currently be able to qualify for.
Angioplasty is a surgical procedure designed to either repair or “unblock” a blood vessel, and will be commonly performed on coronary arteries.
The procedure is performed either by inserting a small balloon-tipped catheter into the clogged artery and then inflating it so that the block portion of the artery then become clear, or by actually replacing a portion of the damaged artery with either a small prosthetic device or a transplanted portion of the patients own tissue.
The purpose of performing an angioplasty is help increase natural blood flow to the heart and if performed immediately after one has suffered from a heart attack, they could potentially reduce your risk of suffering from another!
As we can see, angioplasties are simply one line of defense that can be used to help treat those suffering from heart disease.
Which is why, as we noted before, it can often times be quite difficult to accurately quote a person for life insurance who has had an angioplasty performed. This is why we’ll need to learn more…
The main way that we here at InsuranceBrokersUSA, try to provide our clients with the most accurate quote possible is by completing a thorough life insurance application interview. We do this by asking many of the same questions that a life insurance underwriter will ask, with one exception…
Here at InsuranceBrokersUSA, as we ask these questions, we’re also trying to determine “which” life insurance company might be the right fit for you. You see, as an independent life insurance brokerage, we have access to dozens of different life insurance companies.
That not only are we trying to determine what “rate class” you may or may not be qualified for, we’re also trying to determine which insurance company’s underwriting guidelines are going to provide you with the best deal!
Questions that we’ll use to try to create a complete picture of your health and thus give us the greatest opportunity for success will include:
- How old are you right now?
- When did you receive your angioplasty?
- Why were you told to get one?
- Have you ever suffered from a heart attack?
- If so…
- When did you suffer from your heart attack?
- How many heart attacks have you had?
- How often do you see your cardiologist?
- When was the last time you had a heart stress test?
- How did you perform on your last heart stress test?
- When was the last time you had an EKG performed?
- Was your last EKG normal?
- Have you had any stints implanted?
- Have you been diagnosed with any other serious pre-existing medical conditions such as cancer, stroke or diabetes?
- Has any of your immediate family members (mother, father, brother, sister) been diagnosed with cancer, heart disease, stroke or diabetes?
- In the past 2 years have you been hospitalized for any reasons?
- What prescription medications are you taking?
- What is your current height and weight?
- In the past 12 months have you used any tobacco or nicotine products?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
- If so…
We can generally get a pretty good idea about what “types” of life insurance policies you’ll generally qualify for as well as “rough” idea about what rate class you should fall into.
That being said however…
It’s important to note that even with all of this information at hand, insurance companies are still going to require that you take a medical exam and in most cases release your medical records for review in order to qualify for a fully underwritten term or permanent life insurance policy
We may recommend simplified issue term and whole life insurance policies for those who have a “moderate” pre-existing medical condition, like an angioplasty.
For those with a more “serious” pre-existing condition, guaranteed issue life insurance and accidental death insurance might be the only options.
We want to stress to you that our primary goal here at InsuranceBrokersUSA is to help you find the absolute “best” life insurance policy that you can qualify for. Which means that, even if you smoke 3 packs of cigarettes a day, eat half a pound of bacon each and every morning and had heart attack yesterday, if you give us a call, we’re going to do our very best to find a life insurance policy that you can qualify for!
So, what are you waiting for? Give us a call today and see what we can do for you!