How Improved Health Affects Your Life Insurance Rates – Part Three
Getting Life Insurance after recovering from a heart attack
This article will discuss getting life insurance after recovering from a heart attack. If this applies to you or a loved one, the information in this article is very important.
Heart Attacks and Life Insurance
The American Heart Association estimates that this year an estimated 700,000 Americans will have a new coronary attack. While this is a scary number, the good news is that a high percentage of these people survive and go on to lead normal lives.
Many people may think that if they’ve had a heart attack, they will not be able to find affordable protection for their families. More good news: if you are a victim of vascular disease (which includes heart attacks) you can purchase life insurance, and often for reasonable rates. And, as time goes by and you continue your check-ups and continue to be in good health, your rates could continue to go down.
In fact, it might be a good idea to wait a couple of years after suffering a heart attack to apply for life insurance, as most insurance companies will lower your rates if you continue to show improved health and no more incidents over a couple of years. The more recent the incident, the more likely you are to see higher rates.
There can be major variations in rates between insurance companies for heart attack survivors. Some carriers require longer windows of recovery time before insuring you (or before lowering your rates), while others’ windows are shorter. There is also a variation among the initial rates themselves. This is why it is so important to compare quotes from multiple companies, which you can do quickly and easily at InsWeb.
It is very important to be as complete as possible with the information you provide to your potential insurer. If you provide your doctor’s contact information (so the insurance company can follow up to get validation on treatment information, dates, success stories, etc), evidence of lowered cholesterol and/or blood pressure levels, and good cardiogram readings, an insurance company will likely feel more comfortable insuring you (and charging you lower rates). The more information the better, as this allows the insurance company to treat you as an individual case, instead of lumping you in with all victims of vascular disease or heart attack survivors and coming up with an average.
Conclusion
Whether you’re recovering from a heart attack or cancer, or have lowered your high blood pressure or cholesterol, all improvements (over time) matter to life insurance companies. It is heartening to know that you can still purchase affordable term life insurance if you are recovering from something like a heart attack or cancer, as these conditions just reinforce our realization of how important it is to protect our families against any possibilities. Make sure your loved ones are protected by comparing life insurance quotes at InsWeb today!
