Guaranteed Life Insurance After A Heart Attack

Written by Jeff Root

The quote tool on this page will display accurate prices from highly-rated no questions life insurance companies. If you or someone you love has experienced a heart attack, please call for an even more accurate quote. 

Are you shopping for life insurance after a heart attack? You’ve come to the right place.

In this article, we discuss everything you need to know about qualifying for insurance after a heart attack. With heart attacks, there are many factors to consider and we will let you know which company is your best option in light of your heart attack.

What You’ll Learn

About Heart Attacks
Can You Get Life Insurance After a Heart Attack?
How Life Insurance Companies View Heart Attacks
Types of Life Insurance for Recent Heart Attack Survivors
About Guaranteed Life Insurance [3 Best Companies]
Other Life Insurance Options
How to Apply for Life Insurance After a Heart Attack

The Best Life Insurance for People After a Heart AttackThis is just one high-risk medical condition we discuss on this website in addition to outlining every detail about no-questions life insurance. Essentially, you can use this website as your one-stop-shop to knowing if this is the right policy for you, and if so, how it works and which are the best carriers to work with.

So have you recently had a heart attack? Or has a parent or loved one?

Before we dive in, rest assured that you can certainly receive insurance protection after a heart attack. It’s just a matter of time and what type of policy you’re applying for.

About Heart Attacks

When blood flow to a part of your heart is blocked for a sustained period of time, the heart muscle will be damaged or will die. In medical terms, this is called a myocardial infarction, but most people refer to it as a heart attack.

Given the rise of more sedentary lifestyles and coronary artery disease, it shouldn’t come as a surprise that many Americans suffer from heart attacks each year. In fact, someone in the U.S. has a heart attack every 40 seconds.

In the world of life insurance, heart attacks are a very common ailment. We talk to customers every day who have had at least one heart attack, which makes it one of the more common high-risk conditions we help insure.

Can You Get Life Insurance After a Heart Attack?

The quick answer is “yes”, but the more realistic answer is “it depends.”

Ultimately, approval for life insurance after a heart attack will depend on your answers to the several questions including:

  • How severe was the heart attack?
  • What damage was done to your heart?
  • How long has it been since your last episode?*
  • Are you taking good care of yourself?
  • What are all the medications you’re taking?
  • What are the medications treating?

The most important question out of this list is how long has it been since the heart attack.

The time that has passed since your heart attack will be the determining factor in what kind of insurance you qualify for.

However, the truth is that no matter when you had your last heart attack, there will always be an affordable insurance option for you.

How Life Insurance Companies View Heart Attacks

If you’ve had multiple heart attacks, insurers are going to look most closely at your most recent one. If you had your last heart attack over 12 months ago, you can definitely qualify for an underwritten insurance policy. This makes you eligible for immediate coverage and full benefits at the lowest possible price.

However, if you had a heart attack within the last 12 months or have a history of heart disease, you will have to undergo a waiting period. With such a recent major event, there is no insurance company that will issue an immediate insurance policy with full coverage.

For the remainder of this article, we’re going to discuss life insurance if you’ve had a recent heart attack within the last year.

Types of Life Insurance for Recent Heart Attack Survivors

Fortunately, the best life insurance option for a recent heart attack survivor is one that does not require a physical or medical exam. In fact, you won’t even have to provide your most recent EKG results, stress tests or have your medical history investigated.

This type of policy is called guaranteed acceptance life insurance and is available to you regardless of your health standing and heart attack history.

Life Insurance for a Heart Attack Survivor in the Last 12 Months

Man with life insurance after a heart attackIf you’ve had a heart attack within the last 12 months, your best option for life insurance protection is a guaranteed issue policy. With this type of policy, you cannot be turned down.

The great thing about this policy is that there are literally zero health questions on the application. This means that you do not have to tell the carrier about your recent heart attack.

Pro Tip: You should, however, tell your agent to make certain that this is the best policy for you.

These policies are intended for people with high-risk pre-existing conditions.

The only factors that are considered when applying include:

That’s literally it! Hands down, it is the simplest, easiest and most unobtrusive method in receiving life insurance protection.

About Guaranteed Life Insurance for Heart Attack Survivors

If you’re new to the concept of guaranteed issue life insurance, these are the main features of a policy:

  • No medical questions or exam
  • Guaranteed acceptance
  • Fixed monthly premiums
  • Guaranteed death benefits
  • Accrual of cash value
  • No expiration date (you cannot outlive it)
  • Mandatory graded period

Cons to Guaranteed Acceptance Life Insurance

When a no questions life insurance policy is the best choice for a high-risk customer, there are two very important facts to know ahead of time.

There are two major drawbacks to this type of policy.

  1. The mandatory graded period
  2. Limited coverage amounts

The Graded Death Benefit After a Heart Attack

The graded death benefit is the stipulation that a policyholder must outlive the mandatory waiting period before qualifying for full coverage. This waiting period is typically 24 months, but can sometimes be as much as 36 months.

If death occurs during this waiting period from natural causes –– such as from a heart attack –– then your beneficiaries will receive the premiums paid-to-date plus interest. Typically the interest is 10%, meaning that 110% of premiums will be returned to help with final expenses.

The exception to this is if death occurs from accidental causes. Let’s say you’re in a car accident within the graded period. Your beneficiaries will receive the policy amount in full.

Pro Tip: It shouldn’t come as a surprise to realize that purchasing a guaranteed issue policy as soon as possible is in your best interest. If you are on dialysis, it’s imperative that you begin working through the graded period right away.

The sooner the two years is up, the sooner your family can be fully protected.

Life Insurance After a Heart Attack has Limited Coverage Amounts

Due to the nature of guaranteed acceptance, insurance companies are unable to offer high policy amounts. Typically, a no questions policy for someone with a recent heart attack will be limited to about $25,000 in coverage. This amount covers most final expenses, such as burial or cremation services, and small odds and ends.

It may not be enough to cover large medical bills or debts, but it is at least some help for your loved ones. Most of our customers on dialysis agree that some coverage is much better than no coverage.

Top 3 Guaranteed Life Insurance Carriers for Heart Attack Victims

There are over a dozen choices when it comes to guaranteed acceptance life insurance. We’ve looked at all the top companies and determined the three best for most situations due to their financial stability, low rates, and policy benefits.

Keep in mind that it is best to speak with an expert about which life insurance company and policy is best for your situation.

Other Life Insurance Options for Heart Attack Survivors

As we mentioned before, the time that has passed since your last heart attack is a major determining factor in whether you can qualify for a non-guaranteed acceptance policy. If your heart attack was more than 12 months ago, it is likely that you can qualify for some type of underwritten policy. There is, however, a more in-depth process to receive coverage.

Since there are many factors that influence the underwriting process, the best action you can take is to give us a call. It is important to speak with an experienced agent who knows what questions to ask about your heart attack and health history.

How to Apply for Life Insurance After a Heart Attack

If you’ve had a heart attack and are shopping for insurance, we advise that you work with an independent agency. Since there is no one-size-fits-all insurance policy or carrier, an independent agent can help you find the best match.

As a very common health condition, we have experience helping countless heart attack clients secure affordable coverage for their families. We know which carriers are best suited for people who have had a heart attack years ago as well as ones who very recently had one.

We are an example of an independent agency, and our policy is to work with you as a partner, not just a customer. This means you will have a dedicated agent working alongside you in order to get the best insurance solution that meets your individual needs. Our agents are licensed in all 50 states and are acquainted with the application process of every carrier. Trust us, they are all different and it is a very time-consuming process to go through them all on your own.

If you would like to move forward with receiving coverage and securing the most affordable life insurance after a heart attack, give us a call.

Not quite ready? You can also receive an instant quote for your age today using the free tool on this page.

Thank you for taking the time to read this article and we look forward to working together soon!

About Jeff Root & Guaranteed Issue Life
About Jeff Root & Guaranteed Issue Life

Jeff Root is the author of The Digital Life Insurance Agent and host of the Modern Life Insurance Selling Podcast.

Guaranteed Issue Life is a nationally licensed agency, that has helped over 1500 consumers purchase guaranteed issue life insurance. We represent over 30 life insurance companies & transact business in every state.

All content on this site has been written by life insurance experts & licensed life insurance agents.

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