Life Insurance with an Arrhythmia.
In this article, we wanted to take a moment to answer some of the most common questions we get from folks applying for life insurance after being diagnosed with an Arrhythmia.
With that said…
It is important to understand that approximately 16 different “types” of arrhythmias an individual might be diagnosed with. So in this article, we’re going to try and keep things a bit “vague” so that we can remain focused on just the essential facts that most of the top life insurance companies are going to care about.
This approach probably won’t answer everyone’s question about applying for a life insurance policy after they have been diagnosed with an Arrhythmia.
Yet, we still feel that it’s an excellent place to start and allows us to invite those with additional questions to either visit our pre-existing medical conditions page or give us a direct call.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with an Arrhythmia?
- Why do life insurance companies care if I have been diagnosed with an Arrhythmia?
- 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 an Arrhythmia?
Yes, many individuals diagnosed with an Arrhythmia can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, many individuals may even be able to qualify for a No Medical Exam Term Life Insurance Policy at a Preferred Plus rate!
This is because…
It’s fair to say that not all “arrhythmias” are created equally! Sure, some may pose a serious threat to an individual. Still, others may be so minor that they can potentially go undetected for years or, in some cases, throughout the entire life of the “affected” individual!
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Why do life insurance companies care if I have been diagnosed with an Arrhythmia?
Any time an individual is diagnosed with some “type” of a pre-existing medical condition that has to do with one’s heart, you can bet that a life insurance company is going to be “somewhat” interested in knowing exactly what that condition is.
And in the case of being diagnosed with an Arrhythmia, this is precisely what we find!
Or, unfortunately, depending on one’s point of view, being diagnosed with an Arrhythmia is a very common thing, which is why most life insurance underwriters are going to be very familiar with these “types” of pre-existing medical conditions.
They’re also going to know exactly what they are looking for to “spot” those who may be “seriously” ill for those who should be able to qualify for a traditional if life insurance policy without any significant “complications.”
To get a better understanding…
Of what a typical life insurance underwriter will be looking for, it makes sense to get a better idea of exactly what an Arrhythmia is, as well as understand some of the more serious complications of these “types” of conditions can cause someone in “extreme” cases.
The term arrhythmia is used to define a wide range of conditions that cause the heart’s improper beating. This irregular heartbeat can either be too fast (tachycardia) or too slow (bradycardia) or could be due to some “irregularity” whereby someone may experience an “extra-beat” such as in cases like Bigeminy or premature ventricular contraction (PVC).
Common symptoms one might experience may include:
- Chest pain,
- Fainting or feeling lightheaded,
- Shortness of breath,
- A “fluttering” of the chest,
- Etc, etc…
And while most of these symptoms may not appear too serious at first glance, it’s important to understand that some serious consequences can arise with individuals who leave their condition untreated. Consequences such as an increased risk of a heart attack and/or stroke, which can lead to death.
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked may include:
- When were you first diagnosed with Arrhythmia?
- Who diagnosed with your Arrhythmia? A general practitioner or a cardiologist?
- What “type” of Arrhythmia have you been diagnosed with?
- What symptoms (if any) led you to become diagnosed with an Arrhythmia?
- Are you currently treating your Arrhythmia with any prescription medications?
- If so, have any of those medications changed in any way within the past 12 months?
- Have you received any surgical procedures or been told you might need to receive a surgical procedure in the future to treat your Arrhythmia?
- Have you been diagnosed with any other cardiovascular diseases?
- Have you ever suffered from a heart attack or stroke?
- Have any of your immediate family members (mother, father, brother, or sister) ever been diagnosed with heart disease?
- Have any of your immediate family members (mother, father, brother, or sister) ever suffered from a heart attack or stroke?
- In the past two years, have you been admitted to a hospital for any reason?
- What are 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?
Now at this point…
We usually like to take a moment and remind folks that nobody here at IBUSA as any “official” medical training, and we’re certainly not doctors.
All we are is…
A bunch of life insurance agents who just happen to be really good at helping folks with pre-existing medical conditions like this one, find and qualify for the life insurance coverage that they are looking for.
Not so great if you’re looking for answers to any specific medical questions. In cases like these, we would recommend that you contact a true medical professional who has the training to help. For everyone else, you’re in luck because now we’re going to get into some of the “nitty-gritty” about what you may or may not be able to qualify for.
What “rate” can I qualify for?
As you can see from above, there are many factors that can “potentially” affect one’s life insurance application once it becomes apparent that the applicant has been diagnosed with some “kind” of Arrhythmia.
This 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, particularly because there are many “kinds” of Arrhythmias one might be diagnosed with, each with their only potential health risks.
That said however…
We can tell you that the vast majority of individuals diagnosed with Arrhythmia will usually be able to qualify for a traditional term or whole life insurance policy, whether that be at a Standard or better rate, or a “high-risk” rating.
For those who have been diagnosed with an arrhythmia but aren’t suffering from any kind of symptoms directly related to it, there is a good chance that the fact that you have been diagnosed with an arrhythmia isn’t going to play any kind of role in the outcome of your life insurance application.
Or in other words…
Whatever “rate” you would have been able to qualify for before being diagnosed with Arrhythmia should be the same “rate” that you will be able to qualify for AFTER having been diagnosed with an arrhythmia.
This brings us to the last topic that we wanted to discuss in this article…
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 Arrhythmia?
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 Top 10 Best Final Expense Insurance Companies as well so that if 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!