Life Insurance with a Heart Murmur.
It’s safe to say that any time you find yourself explaining the nature of your heart condition to a life insurance underwriter, you’re probably going to be asked a few follow-up questions from him or her.
But the good news is…
These follow-up questions aren’t necessarily a bad thing.
Particularly when we’re discussing heart murmurs, this is because life insurance companies understand that there is a wide range of different types of heart murmurs that an individual may have. Not all of them are necessarily all that serious.
Some murmurs are so benign in nature that many times physicians and/or cardiologists won’t recommend any treatment to “fix” the murmur, choosing instead to leave well enough alone.
This is why…
We wanted to take a moment and discuss some of the most common questions we receive from individuals looking to apply for life insurance with a heart murmur and hopefully provide one with a better understanding of what the application process may look like.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with an Aortic Murmur or Aortic Valve Insufficiency?
- Why do life insurance companies care if I have been diagnosed with an Aortic Murmur or Aortic Valve Insufficiency?
- 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 been diagnosed with Aortic Murmur or Aortic Valve Insufficiency?
Yes, individuals who have been diagnosed with an Aortic Murmur or Aortic Valve Insufficiency can and often will be able to qualify for a traditional term or whole life insurance policy. The only problem is that because suffering from an Aortic Murmur can potentially be quite serious, most individuals who can qualify for a traditional term or whole life insurance policy will only be able to do so at a “high-risk” classification.
Which also means that…
Any individual who has been diagnosed with an Aortic Murmur will probably want to avoid applying for a No Medical Exam Term Life Insurance Policy which would most likely deny their application.
Choose to apply for a fully underwritten life insurance policy, which would require that they do take a medical exam, which would likely provide them with the best opportunity for success.
Why do life insurance companies care if I have been diagnosed with an Aortic Murmur or Aortic Valve Insufficiency?
Any time an individual has been diagnosed with a pre-existing medical condition that directly affects one’s heart, you can bet that most (if not all) life insurance companies are going to “care” about it, which is exactly what we see with individuals who have been diagnosed with an Aortic Murmur.
Now to get…
A better understanding of “why” most of the best life insurance companies are going to care about the fact that an individual has been diagnosed with Aortic Valve Insufficiency, it only makes sense to briefly take a look at exactly what an Aortic Murmur is and what “consequences” can arise from having one.
Aortic Valve Murmur or Aortic Valve Insufficiency Defined:
Simply put, Aortic Valve Insufficiency or an Aortic Valve Murmur is a pre-existing medical condition that is caused when the aortic valve is unable to close properly, allowing blood to “leak” and/or “flow” backward. As a result, the heart cannot pump efficiently and is forced to work harder than it normally should.
This disease can often go undiagnosed for a long time because until one begins to develop symptoms of heart failure, one isn’t likely to experience any symptoms of their “leaky” aortic valve. When symptoms do begin to arise, they will usually include:
- Chest pain or angina,
- Shortness of breath,
- Fainting or feeling lightheaded,
- An enlarged heart muscle,
- Etc, etc…
Many of these symptoms can be treated with medications and in some cases replacing the faulty valve may be possible.
The only problem is…
Much of the damage that will tend to “scare” a life insurance company may have already taken place by the time treatment actually begins, which is why individuals who have been diagnosed with Aortic Insufficiency will usually always be treated as a “higher-risk” applicant regardless of whether or not they have had their condition treated/cured.
Being considered a “higher-risk” applicant isn’t what anyone wants when they are looking to apply for a traditional term or whole life insurance policy, the good news is that they may still be eligible for coverage.
Which just means that…
You and your life insurance agent are simply going to need to be more “selective” with which life insurance company that you ultimately decide to apply for coverage with!
It also means that…
Before getting approved for coverage, at any rate, most (if not all) life insurance companies are going to want to ask you a series of questions about your Aortic Murmur. This way, they can get an idea of just how “serious” condition is and what kind of “risk” you will pose to them should they decide to approve your life insurance application.
What kind of information will the insurance companies ask me or be interested in?
When applying for life insurance, it is important to disclose any medical conditions you have, including a heart murmur. Insurance companies will typically ask about your medical history as part of the application process, and they may also require you to undergo a medical exam as part of the underwriting process.
The insurance company will be interested in the type of heart murmur you have, as well as any related symptoms or complications that you have experienced. They will also want to know about any treatments or medications you are taking, and whether you have any restrictions on your activities or lifestyle as a result of the heart murmur.
Specific questions you’ll likely be asked may include:
- When were you first diagnosed with an Aortic Murmur?
- Who diagnosed your Aortic Murmur? A general practitioner or a cardiologist?
- What symptoms (if any) led to your diagnosis?
- What symptoms (if any) are you currently suffering from?
- What prescription medications (if any) are you currently taking now?
- Have any of these medications changed in the past 12 months?
- Have you had any kind of surgical procedures preformed, or has your doctor suggested you need any surgical procedures to correct your Aortic Murmur?
- Have you been diagnosed with any other cardiovascular diseases?
- Have you ever suffered from a heart attack or stroke?
- In the past two years, have you been hospitalized for any reason?
- In the past 12 months, have you used any tobacco or nicotine products?
- What is your current height and weight?
- Are you currently working right now?
- In the past 12 months, have you applied for or received any form of disability insurance?
Now before we go…
Any further, this is where we usually like to remind folks that we here at IBUSA we are not medical professionals, and we’re certainly not doctors. All we are is a bunch of life insurance agents who are good at helping folks with pre-existing medical conditions find and qualify for the life insurance that they’re looking for.
Should you have any specific medical questions, please know we’re not the guys you would want to ask, we’re just the guys who know a lot about different life insurance companies and which one’s are better than others in certain circumstances.
This brings us to the next topic that we want to focus on, which is…
What “rate” can I qualify for?
Now 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 after having been diagnosed with an Aortic Murmur, which is why it’s pretty much impossible to know for sure what kind of “rate” you might be able to qualify for without actually speaking with you first!
That said however…
There are a few assumptions that one can generally make that will usually hold true which is that most of the time when an individual can qualify for a traditional term or whole life insurance policy after having been diagnosed with an Aortic Murmur or Aortic Insufficiency is that they will not be able to qualify for anything better than a Standard rate.
And in fact…
We would hesitate even to quote someone a Standard rate simply because the vast majority of individuals won’t be able to qualify for a Standard rate, and the last thing that we want to do is provide someone with “false hope.”
We would rather prepare an applicant for what is more likely to happen and spend more time focusing on “which” life insurance companies provide the options and pricing at the “rate” they will most likely qualify for!
This brings us to the last topic that we wanted to take a moment and discuss with you here today, 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 professional 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 before 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 diagnosed with an Aortic Murmur?
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 Burial 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!