Are you looking to purchase burial insurance after angioplasty but don’t know if you will qualify? Having angioplasty can make it challenging to find burial insurance coverage. You might be thinking that it’s impossible to secure affordable burial insurance after angioplasty.
The good news is with some help from Funeral Funds you could be on your way to getting life insurance coverage despite your angioplasty. No matter when you get your angioplasty, we can get you insured, and you will not be forced to pay a super high premium due to this life saving medical procedure.
We have many satisfied clients who were approved for affordable burial insurance. We are going to reveal to you how we helped other people with the same condition as you. We know which carriers to work with and which carriers to avoid if you have angioplasty and need burial insurance.
In this article, we will explain everything related to getting burial insurance after angioplasty. We will discuss what insurance companies look for, what to expect, and where to find the best insurance policy possible.
WHAT IS ANGIOPLASTY?
A balloon or mechanical stent is inserted into the artery where the artery is obstructed to keep the artery open and the blood flowing. This procedure is considered less invasive than bypass surgery.
The objective of angioplasty is to improve blood supply to the major organs in the body to prevent necrosis of the cells and tissues due to lack of oxygen supply. This procedure is commonly used to treat coronary artery disease and coronary vascular disease.
Coronary diseases can cause narrowing or blockages in the arteries that pump blood to the heart muscles. Angioplasty is commonly performed in the areas where atherosclerosis builds up such as the coronary arteries, renal arteries, peripheral arteries, cerebral arteries or the carotid arteries.
Most Common Types of Angioplasty
Cutting Balloon Angioplasty
A balloon-tipped catheter is used and guided to the blockage. This balloon-tipped catheter is equipped with tiny blades that are activated when the balloon is inflated. The small blades break up the plaque and allow the balloon to compress it against the artery wall.
After the procedure, the doctor will recommend stent placement. A stent is a metal mesh that is placed in the artery after the angioplasty procedure to prevent the artery from being blocked again.
A special catheter with a tiny balloon tip is inserted through the artery to the blockage, and the balloon is inflated to extend the opening and increase blood flow to the heart. The balloon pushes against the plague in the wall of the artery and flattens it, expanding the artery.
A stent or metal mesh is often placed in the artery during the procedure to keep the artery wide open after the balloon is deflated and removed.
Laser angioplasty is like a balloon angioplasty, but instead of a balloon-tipped catheter, a laser-tipped catheter is used. The laser is guided to the area of the blockage.
Instead of pressing the plaque against the artery wall, the plaque is destroyed layer by layer by vaporizing it into gaseous particles. The laser-tipped catheter can be used alone or in combination with balloon angioplasty.
A diamond-tipped catheter is guided to the area of the blockage. Once the obstruction is reached the tip drills away from the plaque. The plaques are then absorbed into the bloodstream and filtered out in the kidneys and liver.
After the angioplasty procedure is complete, the stent is left in place to keep the artery open.
A catheter with a hollow cylinder is used in this procedure. A small blade rotates in the artery and shaves off plaque during the process. This method is proving very useful in treating blockages that may be too calcified or inaccessible for balloon angioplasty.
The catheter contains a small window that captures excess plaque. Once the plaque shavings are caught within the chamber of the catheter, they are removed.
Most patients that have angioplasty procedure will require a prescription of blood thinners and antiplatelet drugs to prevent the risk of blood clots after the stent placement. Common blood-thinning medications include Pradaxa, Plavix, Eliquis, Warfarin, Coumadin and Xarelto.
These drugs are usually prescribed for the first six to twelve months after placement of stents. For this reason, most life insurance carriers will postpone your application until six months after the surgery because it allows them to see if the operation was successful with no significant complications.
CAN YOU QUALIFY FOR BURIAL INSURANCE AFTER ANGIOPLASTY?
YES, you can still get affordable burial insurance even after angioplasty.
No burial insurance company cares about angioplasty. They are not concerned about the procedure, and they are only concerned about when you last had angioplasty.
Burial insurance plans are a simplified issue and you are not required to take a medical exam as part of the application process.
You only have to answer a few health questions. The health questions are answerable by “yes or no”.
The insurance company just wants to know if you had angioplasty in the past 2-3 years. The application question could be as simple as “in the past two years, have you had surgery for blood clots in the heart or brain?”
If you had angioplasty in the last 24 months, you would be charged with a higher monthly premium and a waiting period. No insurance company would offer you immediate coverage if your angioplasty were within the last year.
If it’s been more than one year since your last angioplasty, you have a better option. You can have immediate coverage with the lowest premium rate possible.
BURIAL INSURANCE UNDERWRITING FOR ANGIOPLASTY AND WHAT TO EXPECT
Every life insurance company will ask about any surgery performed on your circulatory system. However, their only concern is when you had the last one. The life insurance underwriter will only want to know when you last had angioplasty.
They determine your eligibility and rates depending on your estimated risk of death. If you had angioplasty recently, it could mean higher rates and a waiting period.
However, if the procedure was done more than twenty-four months ago, you will qualify for immediate coverage, and you could get a rate which is the same with healthy applicants.
In most cases, burial insurance companies will ask about it in different ways. They will ask if you have had angioplasty within the last year or within the previous two years.
Burial insurance underwriting is a simple yes or no application. If the company doesn’t ask the question regarding angioplasty, they will more than likely ignore it along with the prescription history.
Here are four questions that you will see on the application that asks about angioplasty:
- In the past 12 months, have you had or advised to have surgery for coronary disease?
- Have you ever received or been advised by a physician to seek treatment for the coronary disease?
- In the previous two years have you been prescribed medication or had surgery for circulation or blood clot in the heart or brain?
- In the past two years, other than for preventive or risk lowering have you been treated for heart or a circulatory disorder?
It’s crucial that you answer these questions honestly and accurately as burial insurance underwriting is a simple “yes or no” application.
Some companies follow the application with a phone interview. We prefer carriers that do call when possible as you will know on the spot whether you are approved, or not.
WHAT WILL INSURANCE COMPANIES OFFER YOU
Your angioplasty was within the last 24 months
You will have to pay anywhere from 15-50% more and will undergo a full two-year waiting period if your angioplasty was performed within the previous 24 months.
If you pass during the first two years of the policy, the insurance company will refund 110% of your premiums. Due to the recent angioplasty, you are categorized as a higher risk. You will have to pay more and have to endure the waiting period.
To the company, if it’s been more than 24 months since your surgery, will treat you like a person in perfect health. You won’t have to pay more, and you qualify for immediate death coverage.
Your angioplasty was over two years now
If your surgery is more than two years now, you have the best options available. Burial insurance companies will offer you immediate coverage at the lowest possible premium. You will be treated like you never had angioplasty in the first place!
If you had angioplasty and it’s over two years now, do not wait too long to get a burial insurance policy. Take immediate action and secure your policy as soon as possible.
We hope that you will apply now because you may need to have another surgery in the future. If you need to have another angioplasty surgery, you will pay more and have to endure another waiting period. Don’t take your current health for granted, so take action now!
TYPES OF BURIAL INSURANCE FOR PEOPLE WITH ANGIOPLASTY
There are a few types of burial insurance for people with angioplasty. We will help you make sense of them.
Level death benefit
Your death benefit is immediate, or it has day one coverage. Level benefit coverage is what we aim for with all of our clients. It is also the least expensive burial insurance option.
This plan does not have a waiting period. If you die right after getting the policy, your beneficiary will receive the full death benefit to pay for the funeral costs.
If you had a recent angioplasty, you would qualify for a graded benefit. It has a two-year waiting period. Depending on the insurance company, the waiting period could be two or three years.
If you pass away within the waiting period, the carrier will refund your premiums plus interest to your beneficiary. If you die after the waiting period, the full death benefit will be paid to your beneficiary.
People with many health complications are usually classified under graded benefit coverage. It should be your last option. Always aim for level benefit coverage when possible. Level death benefit coverage usually means the lowest premium for you.
If you can’t qualify for a level death benefit or graded benefit, there is guaranteed issue coverage available. Approval is guaranteed regardless of your medical condition. Just fill out an application and answer basic information. The insurance company will not run your health background through the MIB (Medical Information Bureau) or run a prescription check.
Guaranteed issue coverage has a graded death benefit, and there is a two year waiting period. Sometimes, the cost of guaranteed acceptance coverage is less than the graded benefit policy. Oftentimes it makes better sense to apply for a guaranteed issue coverage than the graded benefit policy.
HOW TO SECURE THE BEST BURIAL INSURANCE AFTER ANGIOPLASTY
Now that we are aware of the different types of burial insurance policies available to people with angioplasty, which type should you choose?
That’s right…the one with the lowest premium and that will cover you immediately!
Angioplasty surgery by itself is not an uninsurable condition. People with angioplasty can obtain level death benefit coverage. However, your other health conditions may affect your approval.
If you are overweight or had a heart attack in addition to angioplasty, the chances of level death benefit coverage are lower.
HOW CAN WE HELP YOU?
Trying to find a policy if you have had an angioplasty can be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.
If you had an angioplasty, let us help you; we will work with you side by side to find a plan that fits your needs.
You don’t need to waste your precious time searching different insurance companies; we will do the work for you. We can shop your case to different companies to get your application approved.
Here at Funeral Funds, we specialize in obtaining life insurance coverage for people with burial insurance with a history of angioplasty.
We work with many A-rated insurance companies that specialize in high-risk clients. We will search those companies to give you the best rate ever. We’ll match you up with your best burial insurance option.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for burial insurance with angioplasty in your medical history, we can help. Fill out our quote form on this page or call us at (888)862-9456 and we can give you an accurate quote.