Life Insurance and Angioplasty.
In this article, we wanted to take a moment and try and answer some of the most common questions we get from folks applying for life insurance after having undergone Angioplasty.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have undergone Angioplasty?
- Why do life insurance companies care if I have been undergone Angioplasty?
- What kind of information will the insurance companies ask me or be interested in?
- What rate (or price) can I qualify for?
- What can I do to help ensure that I get the “best life insurance” for me?
So, without further ado, let’s dive right in!
Can I qualify for life insurance if I have been undergone Angioplasty?
Yes, individuals who have undergone Angioplasty can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, some may even be able to qualify for a Standard or “normal” rate! The only problem is, that because having to need to receive an angioplasty typically “implies” that one has been diagnosed with cardiovascular disease!
Certainly, going to complicate one’s life insurance application. This is why, what you’re usually going to find is that prior to getting approved for a traditional term or whole life insurance policy, most (if not all) of the best life insurance companies are going to want to ask you a series of medical questions all designed to learn “why” you needed to receive an angioplasty and just how “serious” your cardiovascular disease might be.
It’s also why, applying for a No Medical Exam Term Life Insurance Policy may not be your best option because these “type” of life insurance policies usually won’t provide insurers with enough information for you to be able to get approved for coverage.
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked may include:
- When did you receive your angioplasty procedure?
- What symptoms (if any) led your doctor to believe you need to receive one?
- How often do you currently visit your current primary care physician?
- Have you been “officially” diagnosed with heart disease?
- Have you ever suffered from a heart attack or stroke?
- Are you taking any prescription medications right now?
- Have any of your prescription medications changed in any way within the past 12 months?
- Have you been hospitalized for any reason within the past 2 years?
- What is your current height and weight?
- Have you been diagnosed with any other serious medical conditions such as diabetes or depression?
- 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?
This is probably when we should take a moment and just remind everyone that is reading this article that we here at IBUSA are not medical professionals. Nor are we doctors. All we are is a bunch of life insurance agents who just happen to be really good at helping folks with a wide variety of pre-existing medical conditions find and qualify for the life insurance that they need for their family.
Which means that…
If you looking for help qualifying for a life insurance policy, you’ve found the right place, but if your looking for medical advice, all we can tell you is that we’re not going to be much use for you! In cases like these, we would simply recommend that you give your primary care physician a call and ask away!
What rate (or price) can I qualify for?
Now the good news is that when it comes to helping folks who have undergone an angioplasty procedure, there are several life insurance companies which tend to be pretty lenient about letting folks qualify for a Standard rate.
Is because, while most folks would tend to want to avoid having an angioplasty performed on them, at the end of the day, these procedures do tend to be minimally invasive and much better than many of the possible alternatives which could arise by not having one performed on oneself.
That said however…
Without knowing more about your particular situation, it really is pretty impossible to know for sure what kind of “rate” you might be able to qualify for because the truth is, while there are some folks who may be able to qualify for a Standard rate, the vast majority of individuals are likely only going to be able to qualify for a “high risk” category and many won’t even be able to qualify for a traditional life insurance policy at all!
This is why…
We generally recommend that anyone who has received an angioplasty in the past take 5 minutes and give us a call so that we can review your options with you and see if we might not be able to find a life insurance company that would be willing to insure you immediately.
Which brings us to the last topic that we wanted to take a moment and discuss with you which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experience here at IBUSA, what we have found that works best for folks who have been diagnosed with a pre-existing medical condition where the “severity” of the condition is often “subjective” is for the applicant to make sure that they first find a true-life insurance profession who will work as an advocate for you.
Such an agent…
Will not only help guide you through the application process but also be perfectly “frank” with you about what options may or may not be possible for you.
You’ll also want to make sure that the very same agent you have chosen has access to dozens of different life insurance companies because after all, it really doesn’t matter how “great” of a life insurance agent you might have if they don’t have access to the “best” life insurance policy for you! Now does it?
You’ll want to make sure that you’re completely honest with your life insurance agent prior to applying for coverage. By doing so, you will be helping him or her narrow down what options might be the “best”.
Now will we be able to help out everyone who has been previously received an angioplasty proceedure?
No, probably not. But what we can tell you is that in addition to offering a wide variety of different term and whole life insurance policies, IBUSA has also worked very hard to establish relationships with many of the Best Final Expense Life Insurance Companies as well so that in the event that someone isn’t able to qualify for a traditional life insurance policy, chances are there may be some other “type” of product that you CAN qualify for.
So, if you’re ready to see what options might be available to you, just give us a call!