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Qualifying for Life Insurance After an Aneurysm
People frequently pay excessive amounts for life insurance because they limit their choices to just one company. It's important when shopping around to review the best life insurance companies and the best no medical exam companies in the marketplace to make sure you get the best best life insurance rates after suffering an aneurysm.
Life insurance After an Aneurysm
The trauma of having an aneurysm doesn’t end when you leave the hospital; having an aneurysm on your medical record can impact your eligibility for life insurance for a long time. That’s not to say that everyone who has had an aneurysm will be denied a life insurance policy; it just may be harder or more expensive to get life insurance coverage. Learning more about what to expect when applying for life insurance after an aneurysm can help you get the right policy for you and your life situation.
What is an Aneurysm?
A healthy vein is relatively consistent in width, there are no bulges anywhere. However, when you have an aneurysm your vein has the same kind of appearance as a snake that’s eaten a large rodent. An otherwise long, sleek body is disrupted with an unexpected swelling in an isolated area. That’s kind of how an aneurysm looks only the pouch in your vein is filled with your blood. Aneurysms can be dangerous or even life threatening if they burst, particularly if this happens in your lungs or brain.
Sometimes people live with an aneurysm for many years without knowing it. Other people find out they have an aneurysm, but have what is considered an inoperable aneurysm, and have no choice but to live with it. As one can imagine, in such a circumstance, it may be difficult to get approved for a life insurance policy, but it is not impossible.
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What are the main risks associated with an aneurysm?
High risk life insurance companies analyze risk, and your aneurysm is just another type of risk. When you have an aneurysm, you are at risk of your aneurysm bursting or hemorrhaging. This can be very dangerous if not caught immediately – it can even be life threatening.
There are many types of aneurysms, all with different risks. Life insurances will treat each type of aneurysm differently.
- Cerebral Aneurysm- An aneurysm that occurs in the brain.
- Thoracic Aortic Aneurysm- An aneurysm that is located in the chest.
- Abdominal Aortic Aneurysm- An aneurysm in or near the abdomen or pelvis area.
Will I qualify for life insurance if I have had an aneurysm in the past?
Having an aneurysm is no doubt a harrowing experience, but getting life insurance shouldn’t be. If you have had an aneurysm in the past, it does not mean that you will be disqualified or pay a premium for life insurance. The good news is that many people who have had an aneurysm still qualify for a standard policy. Your desired life insurance company is likely to ask you a number of questions to determine the current risk factor of your aneurysm. Some of those questions could be:
- When did you first find out you had an aneurysm?
- How long did you live with an aneurysm?
- Did your aneurysm rupture?
- Was your aneurysm operable?
- Do you have any additional health issues related to your aneurysm?
- Have you had follow up tests in the last one year? If yes, what did the results show?
- What does your doctor say about your current state?
After finding out more information about your current medical state, a life insurance underwriter will choose whether or not to underwrite your life insurance policy.
Like most medical conditions, an aneurysm can be considered mild, average, or severe, and so can the aftermath. If you had a mild aneurysm which was caught quite early, operable and now you have been fine for more than one year, then you have a good chance of qualifying for standard life insurance. Like most factors, an aneurysm alone may not disqualify you, but a combination of things could.
With many things in your medical history, the longer ago it occurred (and you’ve been otherwise healthy), the better it is for your chances of getting standard insurance. The more time that passes between when you had an aneurysm and when you apply for life insurance, the more time that you have to prove that you are otherwise healthy and out of the red zone.
I just had an aneurysm and now I want life insurance. Now what?
Having an aneurysm can be a close brush with death. After surviving such an ordeal, the what ifs could have you thinking about life insurance for the first time. Buying life insurance after an aneurysm is a smart and responsible decision. However, it may not be the best time for you to apply for full coverage as you are still considered high risk. Waiting to apply may not be a great option, though – after all, you should have life insurance coverage today.
So what’s the solution? For the time being, you may want to consider getting a burial life insurance policy that does not require information regarding your medical history. The coverage will be less than a full policy, but at least you will be ensuring your loved ones’ well being should another unforeseen event occur. You can check out the best final expense and burial insurance companies to learn more.
How do I know what life insurance company to use?
Applying for a life insurance policy can be quite an ordeal. There are many options out there, but which one is right for you? If you have had an aneurysm, your situation is very unique, and you need to be sure that the life insurance company you decide to go with understands your needs.
If you just want to get a preliminary idea about how much your life insurance could cost, we would highly recommend that you take a look at our Online Life Insurance Quotes page to receive dozens of quotes instantly.