Life Insurance after a Stroke or a Cerebrovascular Accident.
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 suffered from a Stroke or a Cerebrovascular Accident.
- Can I qualify for life insurance if I having suffered from a Stroke or Cerebrovascular Accident?
- Why do life insurance companies care if I have suffered from a Stroke or Cerebrovascular Accident?
- What kind of information will the insurance companies ask me or be interested in?
- What “rate” 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 suffered from a Stroke or Cerebrovascular Accident?
Yes, individuals who have been diagnosed with a previous Stroke or Cerebrovascular Accident can and often will be able to qualify for a traditional term or whole life insurance policy. The problem is that most of the time, once an individual has been diagnosed with a previous Stroke or Cerebrovascular Accident they will usually be considered a “higher-risk” applicant automatically.
Which means that…
Their life insurance application is likely to become much more complicated than most and may include the need to submit one’s medical records prior to receiving a decision or an approval from a life insurance company.
As a result, this may also make it impossible for them to be able to qualify for a term life insurance policy without a medical exam, as these policies tend to be more reserved for those without any serious pre-existing medical conditions.
Why do life insurance companies care if I have suffered from a Stroke or a Cerebrovascular Accident?
Most folks would certainly understand why a life insurance company might “care” if an individual has suffered from a Stroke or a Cerebrovascular Accident in the past, however for some where the Stroke may not have caused them to suffer from any kind of “significant” consequesnces, they may lose their subjective perspective when it comes to this issue.
For this reason…
We want to take a moment and just review exactly what it means to suffer from a Stroke or Cerebrovascular Accident so that we can shed some light on exactly why a life insurance company is going “care” about the fact that you have suffered from one (or multiple) Strokes as well as what symptoms and/or complications which could make them nervous!
Cerebrovascular Accident (CVA) Defined:
A Cerebrovascular Accident is the “official” medical term that is used to describe what is more commonly referred to as a Stroke and occurs when blood flow to the brain has either been stopped by a block or a rupture of a blood vessel supplying blood to the brain.
Potential Causes of a Cerebrovascular Accident may include:
- Cerebral Embolism,
- Cerebral Thrombosis,
- Hemorrhagic Stroke,
- Cerebral aneurysm or subarachnoid hemorrhages,
Now regardless of what…
May “cause” someone to suffer from a Stroke, the resulting “blockage” will typically cause some brain cells to suffer and even die, causing a patient to suffer from a variety of different symptoms.
Symptoms such as:
That may indicate someone has suffered from a Stroke or Cerebrovascular Accident are very much like those that occur when someone suffers from an embolism and/or a stroke and may include:
- Difficulty speaking or understanding language,
- Partial paralysis of one’s face, arm or leg,
- Vision difficulties,
Many of these symptoms are easily recognizable, the problem is that when they are actually occurring, every second counts. This is because the sooner that one is able to restore normal blood flow to the brain, the greater likelihood that less permanent damage will be done!
“Which brings us to an important point that we think we ought to mention.”
If you think you have a medical issue, don’t use the internet to try and diagnose yourself. After all, if you do and your correct, you’re still going to need to see the doctor, and if you’re wrong, the time you spend being you’re on doctor could really cause great harm to yourself!
Nobody here at IBUSA is medically trained and we’re certainly not doctors. All we ware is a bunch of life insurance agents who just happened to be really good at helping individual find and qualify for the life insurance that they’re looking for. So please don’t mistake any of the medical information that we talk about as medical advice because it’s not!
Trying to “prep” you for what it might be like to apply for a life insurance policy after you have been diagnosed with Stroke… that’s it! Which brings us to our next topic which is…
What kind of information will the insurance companies ask me or be interested in?
Common questions that one will likely be asked may include:
- When did you suffer from your Stroke?
- Who diagnosed your Stroke? A general practitioner or a specialist?
- What symptoms (if any) led to your diagnosis?
- What treatment options have you pursued with your doctor?
- How many “Strokes” have you suffered from?
- Do you currently suffer from any residual affects due to your Stroke?
- Have you been diagnosed with any other pre-existing medical conditions?
- Have you ever suffered from a heart attack?
- What is your current height and weight?
- In the past 2 years, have you been admitted into a hospital for any reason?
- 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?
What “rate” can I qualify for?
As you can see, there are a lot of factors that can come into play when trying to determine what kind of “rate” an individual might be able to qualify for once it has been determined that an applicant has suffered from a previous stroke. This is why, it’s pretty much impossible to know what kind of “rate” you might be able to qualify for without first speaking with you for a minute or two.
That said however…
There are a few “assumptions” that one can make that will generally hold true once it has been determined that an individual has been diagnosed with a previous cerebral thrombosis.
If it has been determined that you have actually suffered from multiple Cerebrovascular Accidents and are currently suffering from a variety of complications as a result of these “attacks” it’s pretty safe to say that most life insurance companies aren’t going to be willing to approve your application.
In cases like these…
An individual will typically need to seek out an “alternative” product such as a guaranteed issue life insurance policy or an accidental death policy should they still wish to purchase some “kind” of protection for their families.
As for those…
Who may have only suffered from a single Cerebrovascular Accidents and aren’t currently suffering from any kind of “significant” complications from this single attack, it’s quite possible that you may be able to qualify for a traditional life insurance policy, however it’s safe to say that you probably won’t be able to qualify for a Standard or Better rate.
The good news is…
That regardless of your situation, we here at IBUSA can help because we have tons of experience helping folks with all sorts of pre-existing medical conditions like yours and are committed to helping all of our clients find the “best” life insurance policy that they can qualify for. Which brings us to the last topic that we wanted to take a moment and discuss 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 usually the folks who seem to find the “best” life insurance policy for them are those that:
- Take their time reviewing their options.
- Ask a lot of questions.
And seek out those life insurance agents who not only have experience working with individuals who have been diagnosed with a wide variety of pre-existing medical conditions, but also have access to dozens of different life insurance companies so that when it comes time to helping a more “challenging” case, they don’t have to rely on a…
“One size fits all approach!”
The good news is that this is exactly what you’re going to find here at IBUSA!