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Life Insurance with a Heart Valve Replacement
If you are dealing with a pre-existing health condition it is vital that you realize that there is no one size fits all company. The key to finding the best life insurance rates with a heart valve is to apply with the right company.
Choosing a life insurance policy might be one of the most important decisions you can make for your family. Unfortunately, your current state of health can possibly limit your choices.
How will an artificial heart valve impact my life insurance eligibility?
If any of your four heart valves malfunction or are no longer useful, then your doctor will likely recommend replacing it with an artificial heart valve. This allows you to regain functionality of the valve.
Life insurance companies always try to do their best to assess an individual’s risk of early mortality before they offer coverage. Your heart’s health of prime concern for a life insurance agency since it is one of the most important organs in your body. Luckily, by getting an artificial valve you have likely improved your health. Most people with an artificial valve who apply for a life insurance policy still wind up qualifying for a traditional life insurance policy.
Will a life insurance policy cost me a lot because of my artificial valve?
People get an artificial valve because the original valve has been damaged. While you will be improving your health by getting an artificial valve rather than sticking with your damaged one, it still means there is—or at least was—a serious underlying problem. Because of this, life insurance companies will likely charge you a premium for having an artificial valve.
There are various premium rates, and how much your life insurance winds up costing will depend on a lot of other factors. For those with more serious heart defects, burial or final expense insurance with the top final expense and burial insurance companies might be your best bet.
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What will a life insurance underwriter ask me?
When you apply for life insurance with an artificial valve, the life insurance company will want to know as much as possible about your current state of health, and any other potential problems that could arise. They will likely ask you questions similar to the following:
- What caused the initial valve damage?
- What kind of heart valve you have?
- Are you on any medications?
- When you had the operation?
- If you have any other heart issues or symptoms
- When the last time you had symptoms, and what they were
- If heart disease runs in your family
- When the last time you had any diagnostic tests or scans
These questions help a life insurance provider to understand your current state of health. The better your overall health, the more likely they will underwrite you for a policy at a premium on the lower end of the scale. If your health is suffering, you may only be eligible for a very high premium.
Will I qualify for a life insurance policy if I have a heart valve?
As mentioned, many patients with a heart valve replacement will still qualify for a life insurance policy. However, there are many factors that a life insurance company will consider when issuing your policy. In addition to your health, they will want to know about your:
- Age, weight, height
- Career (is there a lot of stress or physical danger involved?)
- Lifestyle choices (do you drink, smoke, use recreational drugs?)
- Activity choices (do you engage in adventure sports?)
When you apply for one of the various types of life insurance policies, the agent will take all of these things combined into consideration. This is why it is hard if not impossible to make a blanket recommendation for all hear valve replacement patients.
How do I know which life insurance company is right for me?
The best thing you can do is to shop around. You want a company that is going to look at a heart valve more favorably.
If you don't know where to start, talk with a licensed life insurance agent. An agent can help guide you towards the right policy and the right company for your situation.