Life insurance is important to have to keep your family safe and supported in case something ever happens to you. A lot of people are unsure if they can still get life insurance if they've had a heart attack. While it isn't impossible to get it after a heart attack it does become a little bit more difficult. This information will help you understand what you need to do. It's also important to understand that you'll need to shop around. Not every insurance company will approve you so you'll need to talk to different ones.
What's Going to be Different?
If you've had a heart attack then you can be sure the insurance company is just going to offer you the standard rate. They can save money for people who are in good health because they look at them as the people who most likely won't have to use it for a while. You're going to have to pay more if you've had a heart attack; that's just something you have to deal with.
Can You Get a Lower Rate?
The way you are going to get approved for life insurance is to show the insurance company that you are working on getting into better health. You're showing them that you are doing what your doctor is telling you and making changes to help you get healthier. While this will help you get a lower rate you still won't be able to get it that low.
What Factors Into the Insurance Company's Decision?
The insurance underwriter will look at whether or not you've had heart problems previously or other medical problems. They will look to see if you are focusing on eating healthy and working out. These are things you should document so you can show the insurance company that you're making progress in lifestyle changes. They are going to look at how severe the heart attack you had was and the length of time since it happened. You will need to let them know the type of medicine you're taking on a daily basis as well.
How Much Will it Cost?
There are many different rate classes when it comes to life insurance. There is no way to pinpoint exactly what you're going to pay per month.
Shop around and don't lose hope. It is possible to get life insurance after a heart attack—you just have to go through a few places and assessments beforehand. Go in ready to ask questions and don't take the first rate you're given. Talk to an insurance broker for more information.