Life Insurance With A Heart Condition Quotes 2024

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 27th April 2024

life insurance with heart condition

Can I Get Life Insurance If I Have A Heart Condition Or A Stent?

Providers typically ask detailed questions regarding the health of the applicant. They will likely go into the past, inquiring about conditions and medications taken at different times.

Applicants should be honest regarding past or current heart and other medical problems.

The good news is that medical technologies and treatments enable people with heart conditions to live long, healthy lives, and some life insurance providers cater to this population.

We have an excellent range of insurers sympathetic to those with past or present heart conditions.

  • Compared with the main competition, they have fewer exclusions
  • Assistance from start to finish, you’ll know you’ve got the best policy to protect your family
  • Outstanding reviews for customer care
  • Come with excellent rates for shared coverage
  • Cigarette, pipe smokers and electronic cigarette users are given fair treatment
  • Terminal illness coverage at no extra charge (available on all term policies)

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life insurance heart attack payout

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Life Insurance With Heart Condition: Assistance Is Available

Some companies specialise in finding life insurance for people suffering from heart conditions, including heart disease.

These firms know which insurers offer life cover for those with a history of heart issues. Though they cannot guarantee they will find acceptable cover, they scour the market to discover what exists.

If they find several prospective insurers, they help consumers identify which one offers the most comprehensive coverage at the lowest cost.

Some companies even help applicants complete the required paperwork and will remain in contact until a policy is bound.

The life insurance industry has traditionally been reluctant to cover individuals with medical conditions related to the heart.

However, some providers have begun offering cover to people with stable angina and controlled high blood pressure.

People with heart arrhythmia can find coverage at rates close to normal if they do not have complications and even diabetes or other co-existing conditions.

life insurance after heart attack
Eligibility for Heart Condition PatientsIndividuals with heart conditions, including heart disease, heart attacks, strokes, high blood pressure, and heart failure, can obtain life insurance. The application success and premium costs depend on individual circumstances.
Insurance OptionsOptions include standard life insurance (potentially higher premiums), specialist insurer policies, and over 50 life insurance plans (no medical questions, acceptance guaranteed for ages 50-85).
Factors Influencing PremiumsPremiums are influenced by age, smoking status, overall health, lifestyle, and family medical history. Heart condition severity also plays a significant role.
Policy TypesAvailable policy types include term life insurance (covering a set period), whole of life insurance (covering the entire lifespan), and over 50 life insurance (guaranteed acceptance for ages 50-85).
Application ProcessInsurers may inquire about the heart condition’s diagnosis date, symptoms, treatments, and related health issues. A medical exam is not always required but may be necessary for severe cases.
Benefits of Life InsuranceLife insurance provides financial security for covering costs like mortgages, living expenses, childcare, and funeral costs. It can also serve as an inheritance.
Special ConsiderationsPost-heart attack or stroke victims can still obtain life insurance, though options may be limited based on the attack’s recency and recovery status. Specialist insurers often cater to such cases.
Additional CoveragePolicies may include terminal illness coverage, allowing early claims in case of terminal diagnoses. Critical illness cover is also available, offering payouts for specified non-life-threatening illnesses.
Support ServicesResources like the British Heart Foundation and NHS support individuals with heart conditions, aiding in understanding and managing their health.

Can Insurance Hero help me find a suitable insurer if I’ve previously been declined coverage?

Yes, Insurance Hero can help you find a suitable insurer even if you have been declined. We specialise in assisting individuals who may have previously faced rejection from insurers.

With the expertise of our specialist impaired team, we have the knowledge and experience to navigate the complexities of the heart conditions life insurance market and guide you towards finding an insurer that can meet your needs.

We understand that everyone’s situation is unique, and we are committed to exploring all possible options to secure life insurance coverage for you, regardless of any previous rejections.

disclosing a heart condition

Why is it important to have life insurance with a heart condition?

Having life insurance is of utmost importance for people with a heart condition. Life insurance can provide a crucial financial safety net for your family in the unfortunate event that you are no longer able to support them.

With a heart-related illness, the need for this type of protection becomes even more significant.

By having a life insurance policy in place, you can ensure that your loved ones will have the means to cover various costs that may arise after your passing.

These expenses include essential obligations such as mortgage or rental payments, family living costs, household bills, childcare expenses, and even funeral costs.

Without life insurance, these financial burdens could accumulate and significantly strain your family’s well-being.

Additionally, life insurance can go beyond covering immediate expenses and serve as a way to provide a meaningful inheritance for your family. A life insurance policy can secure a legacy and ensure that your loved ones are cared for even in your absence.

Considering the uncertainties surrounding a heart condition, having life insurance brings peace of mind, knowing that your family will have the necessary financial support when they need it most. It is an essential safeguard against the potential financial hardships that may arise due to your medical condition.

I have a heart condition. How do I save money on premiums?

  • Embrace a Healthy Lifestyle: Insurers may view you more favourably if you lead a healthy lifestyle. Adopting regular exercise, maintaining a healthy weight, and eating a balanced diet can help reduce the risk of heart conditions and other health issues. Taking care of your mental health is also crucial.
  • Quit Smoking: Smoking is known to contribute to various heart-related problems and increases the risk of other medical conditions. Smokers with heart conditions can face significantly higher premiums compared to non-smokers. By quitting smoking, you can save a substantial amount on your premiums. Note that some insurers may still classify you as an ex-smoker and charge higher premiums until you have been smoke-free for a certain period, such as five years.
  • Control Alcohol Consumption: Excessive alcohol intake can have detrimental effects on your heart health. Limiting your alcohol consumption or avoiding it altogether can contribute to a healthier lifestyle and potentially lead to lower premiums.
  • Consider Your Age: Life insurance premiums increase as you age. Securing a policy at a younger age can help you obtain more affordable premiums. Waiting until you’re in your 70s or 80s, especially if you have a life-threatening condition like heart disease, may result in significantly higher premiums or even denial of coverage. If you’re over 50, an over-50 plan could be suitable, as acceptance is guaranteed despite any health issues.

Life Insurance After Heart Attack In Detail

Number of people in the UK who have had a heart attackApproximately 1.35 million
Annual hospital admissions due to heart attacksAround 95,000
Cardiac arrests outside of hospital each yearMore than 29,000
QuestionReason for Asking
When was your heart attack?To assess the time elapsed since the event
How many heart attacks have you had?To evaluate the severity and recurrence risk
Did you have any surgery after your heart attack?To understand the treatment and recovery status
Do you have any other related medical conditions?To gauge overall health and related risks
Did you have any stents fitted?To assess the intervention’s success
Was your heart attack over six months ago?To determine eligibility for certain policies
Coverage TypeDetail
Life Insurance Heart Attack PayoutBeneficiaries receive a lump sum if the insured dies after a heart attack
Critical Illness Cover Heart Attack PayoutA lump sum is paid on diagnosis as a core condition
Income Protection Heart Attack PayoutClaims can be made if unable to work due to a heart attack
FactorImpact on Life Insurance
Time since the heart attackLonger time elapsed may lower premiums
Number and severity of heart attacksMultiple or severe attacks may increase premiums
Related medical conditionsConditions like hypertension or diabetes can affect rates
Treatment and recovery statusSuccessful treatment or surgery can lead to more favourable rates
Insurance TypeDescription
Term Life InsurancePays out a lump sum on death within the term
Decreasing Term Life InsuranceCover decreases in line with mortgage repayments
Guaranteed Life InsuranceProvides cover for non-heart-related conditions immediately

Life Insurance Specialists For People With Heart Problems. Heart Disease Life Insurance. Quick Quote Form

life insurance with heart condition companies
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life insurance heart attack payout

How much life insurance do I need with a heart condition?

Several factors should be considered when determining the appropriate amount of life insurance for individuals with a heart condition.

Firstly, it is essential to calculate the financial needs of any dependents, such as children, considering the length of time until they achieve financial independence.

This may include childcare costs (e.g., part-time care), educational expenditures (uniforms, lunches, stationery), and potential contributions towards further education.

Additionally, it is important to consider the costs associated with funerals, as they can place a significant financial burden on the family.

According to Legal & General, the average funeral cost in the UK is £4,450, with the overall cost of dying amounting to £9,200. Since funeral costs have seen a 115% increase since 2005, it is crucial to factor these expenses into the amount of life insurance coverage one secures.

Furthermore, it is worth considering any potential lump sum cash gifts or inheritances that could contribute to the financial security of loved ones. This could provide a more comfortable life for them or even allow a cash gift to be left for a chosen charity.

Moreover, these should be considered if an individual already possesses existing life insurance coverage, death-in-service benefits, or personal savings. By including these existing sources of financial protection, the required sum assured for life insurance can be adjusted accordingly.

Determining the appropriate amount of life insurance for individuals with a heart condition requires a comprehensive evaluation of various factors, ensuring that dependents’ financial needs, potential funeral costs, potential inheritances, and existing financial protection are all thoroughly considered.

Insurance for Heart Attack Sufferers and Heart Surgery Patients

Many people think experiencing a heart attack automatically prevents them from qualifying for life insurance. This is not true, mainly if the attack occurred six months prior and complications do not exist.

A heart attack sufferer who is a smoker should expect to pay at least double the premium that a non-smoker pays.

If the applicant has suffered from multiple heart attacks or has additional medical conditions, the individual may still qualify for cover at an increased premium.

People who have undergone heart surgery may also qualify for life insurance. Life insurance with a heart condition cover is available six months after an individual has undergone a successful angioplasty and stenting or aorta graft surgery for swelling of the aorta.

Bypass Surgery Considerations

For bypass surgery, heart valve replacement, and stroke patients, the cover is available one year from the procedure as long as complications do not exist.

Some insurance companies offer assistance to applicants who have undergone heart surgery. They may help people complete the required paperwork and remain in contact until a policy is finalised.

This support can be valuable in navigating the process of obtaining life insurance after heart surgery, ensuring that all necessary information is provided and the application is handled correctly.

It is generally recommended to wait for a time to recover before applying for life insurance after heart bypass surgery.

While the specific duration is not mentioned, sufficient time for recovery and health stabilisation is crucial before seeking coverage. Consulting with medical professionals and insurance advisors can provide more detailed guidance based on individual circumstances.

Insurers will consider several factors when assessing the risk of providing life insurance after heart bypass surgery. These factors may include the type of heart condition, smoking history, weight (BMI), cholesterol, blood pressure levels, and family history of heart disease.

Insurance Buying Tips

Life insurance with heart condition underwriting is based on dozens of rating factors. If an online quote website asks just a few questions and returns low premiums, be prepared to answer many more questions, some of which will pertain to heart problems.

Before processing a lengthy application, a website or agent can only provide a preliminary quote based on market knowledge and the brief medical history submitted.

To increase their chance of approval, people with heart conditions should deal with websites or agents representing multiple insurance companies offering life insurance with pre-existing conditions.

An individual with a ratable heart condition should attach a recent letter from a treating physician to the insurance application. This should describe the medical history and current medications and include an assessment regarding the health outlook.

This gives the agent and underwriter an accurate picture of the medical situation.

Life insurance with a heart condition underwriters focuses on whether the condition is stable, improving, or worsening and whether applicants comply with medical recommendations.

Final Thoughts

Obtaining life insurance when you have a heart condition is crucial. It gives your family the financial security to manage various expenses such as daily living costs, housing payments, and funeral expenses.

Beyond that, life insurance can also serve as a means to leave a lasting inheritance.

With this protection, you can know your loved ones will be provided for, even if you are no longer there to support them.