While it is possible to get life insurance with a heart murmur, there are some complications that need to be addressed. Not every life insurance provider will accept people who have a heart murmur or another pre-existing health condition.
That’s why it’s important to work with an agent that represents multiple of the top rated life insurance companies who can help you find the right carrier for you. One efficient way to start this process is to fill out the form at the bottom of this page. Let’s look at some of the issues involved in obtaining life insurance if you have a heart murmur. You can also read some of our company reviews and ratings such as Globe Life Insurance ratings.
It’s important to know the details about your heart murmur. Life insurance companies want to be as well informed as possible about your health condition, including any complications or more serious problems that are likely to occur in the future. There are two types of heart murmurs, functional and organic. Functional heart murmurs are usually harmless and often have no noticeable symptoms. Organic heart murmurs, on the other hand, can indicate congenital heart problems or other serious conditions. The latter would obviously be of more concern to a life insurance provider.
Getting regular checkups will keep you informed about the status of your heart murmur. To get a policy, you will most likely have to get a medical exam or at least have recent medical records to show the company. Having regular follow ups will be helpful in showing a life insurance company that you are responsible about following your doctor’s orders and that the condition is well managed.
Questions Life Insurance Companies Will Ask
When applying for term life insurance, you will have to answer some general health questions first. Knowing the answers to the questions below will allow us to provide you an accurate quote upfront. The following are some questions that you are likely to encounter:
- Your precise diagnosis and any related conditions
- Details about any treatment you are receiving for the heart murmur
- How long you’ve had it -i.e. when it was first diagnosed
- Your daily habits/lifestyle (do you exercise, are you a smoker, etc..)
- Your age, height and weight
How Much Will I Be Charged?
While it’s not possible to predict the exact rates an insurance company will charge, there are certain things that are predictable. Your monthly or annual insurance rates will probably be a bit higher than they would for someone without a heart murmur.
For example, suppose that Bob is fifty years old and is a non-smoker. His doctor diagnosed a functional heart murmur several months ago, with no underlying conditions or complications. Since Bob is basically healthy except for this one condition, he should not have a problem getting a life insurance policy. A leading life insurance company might offer him a 20 year term policy with $300,000 in coverage for as little as $50 per month.
On the other hand, someone with an organic heart murmur who is the same age as Bob will probably have to pay more for life insurance. If there are underlying conditions along with the heart murmur, he may have trouble getting a policy at all.
What Should I Do If I Am Declined?
Don’t assume that you don’t have options just because you are not approved for life insurance. You should first find out the specific reasons. In some cases, you may simply have to wait and apply at some future date. This is common, for instance, if you’ve recently undergone surgery. The insurance company just wants to give you a chance to recover completely. Smokers may have to quit their habit in order to get approved. Its also possible that you simply applied with the wrong company. We can explore this with you and see what options exist. Being denied by one company doesn’t mean that you can’t get life insurance. Remember that different companies use different criteria, so don’t assume that because one company turns you down that all of them will. Alternatively there are high risk policies that are available as well – however you are typically limited in how much coverage you can get with a high risk – or graded benefit life insurance policy.
Getting Affordable Life Insurance Coverage
When you’re looking to get life insurance, it’s important that you get the most affordable insurance plan available.
Making a few changes could save you hundreds of dollars, or even thousands, every year on your life insurance plan.
The first thing we recommend you do is to kick the cigarettes.
As we mentioned earlier, quitting those bad habits is a great way to increase your chances of being approved for a plan, but it can also help you save thousands of dollars.
Another way that you can get better insurance rates is to improve your overall health.
Getting better results is going to help you save money. In fact, getting your weight to a healthy range could help cut your premiums by 50%. Exercise and diet is a great way to make you healthier and save you money.
Life Insurance And Heart Murmurs
Our agents have years of experience helping all kinds of applicants connect with the perfect life insurance policy to meet their needs.
If you have a heart murmur and are interested in getting a quote for life insurance, please fill out the form on this page. You can also call us at 888-552-6159.