Are you wondering if you can get burial insurance after a heart attack? The good news is YES you can get coverage after having a heart attack. Now the bad news, not every carrier will approve your application. The challenge is finding the right heart attack friendly high-risk insurance company that will provide the best rates for your condition.
Most heart attack survivors can get affordable life insurance coverage. Modern medical treatments have increased the average life expectancy after a heart attack, so more companies are now providing this critical insurance coverage. With enough time passed since your last attack, you’ll have plenty of options to purchase quality burial insurance.
The key to getting the best final expense plan after a heart attack is by finding which burial insurance carrier looks at your condition favorably. We know those companies, and we will help you get approved with them.
In this article, we will discuss what to expect if you had a heart attack and how you can qualify for the best final expense insurance coverage available.
WHY INSURANCE COMPANIES CARE ABOUT HEART ATTACKS
Heart attacks also called myocardial infarctions happens when the blood supply that nourishes the heart with oxygen is cut off, and the heart muscles begin to die.
One of the most common causes of heart attack is atherosclerosis or plaque buildup in the arteries that prevents blood from getting to the heart muscles. It can also be caused by blood clots or a torn blood vessel.
The insurance companies know that a heart attack is very common in the U.S. In fact, it’s estimated that one happens every 40 seconds.
A heart attack is the number one cause of death in the country. 1 out of 3 deaths can be attributed to heart disease.
According to the Center for Disease Control and Prevention (CDC), more than 730,000 heart attacks happen every year. Most heart attack victims can recover from the first attack and live healthy lives for many years afterward. However, around 20% of patients age 45 and older may have another heart attack within the five years of their first attack.
WHAT WILL WE ASK YOU IF YOU HAD A RECENT HEART ATTACK
When applying for burial insurance coverage after a heart attack, it is vital that you provide as much information as possible. Your information will help us understand your current health and will help us to give you an accurate quote.
If you had a heart attack, we would ask you a series of health questions which include:
- How many heart attacks did you have?
- When was your last heart attack?
- What medications do you take to treat your heart attack?
- What treatments were recommended to you?
- Are you taking nitro pills within the last two years?
- Do you experience angina (chest pains) since the heart attack?
- Did you have any type of surgery like heart bypass or stent placement because of your heart attack?
- Do you have other health conditions other than heart disease?
You need to be completely honest when you answer these questions. The more information you give, the better your chances of finding affordable coverage.
UNDERWRITING BURIAL INSURANCE AFTER HEART ATTACK
Most (but not all) burial insurance companies ask some health questions on the application, and they also perform prescription history check to verify your health status.
Every burial insurance company with underwriting (health questions) will ask about recent heart attacks in different ways.
You will commonly see heart attack asked this way:
- Have you had, been diagnosed or been treated for a heart attack within the last 12 months?
- Have you had, been diagnosed or been treated for a heart attack within the last 2 years?
Most burial insurance companies ask about heart attacks within the last 2 years. Only a handful will have a one-year look-back period.
PRESCRIPTION HISTORY CHECK
Burial insurance companies will check your prescription history to see medications for heart attack.
There are only a few drugs that are used specifically for heart attack patients. In most cases, they will see a prescription of blood thinners like Coumadin, Warfarin or Plavix.
The insurance company will search for your prescription medication history to see if you have been prescribed these medications in the past. If they find any, it will indicate that you had a heart attack.
Here’s a list of common medications for heart attack:
- Antiplatelet agents
- Blood-thinning medications
- Pain relievers
- ACE inhibitors
Taking blood thinners may affect your application approval as some companies are more restrictive for people taking blood thinners.
If you’re taking nitroglycerin or have an angina diagnosis, you will have difficulty qualifying for immediate coverage. With many burial insurance carriers, nitrate medications are an automatic decline. However, we have companies that will still work with you even if you’re taking blood thinners.
If your recent heart attack requires you to take a blood thinner for the rest of your life, we can still get you approved, but your premiums will likely be 20% higher due to the increased risk associated with long-term use of blood thinner.
BURIAL INSURANCE AFTER A HEART ATTACK
After a heart attack, many people begin to realize their risk of death and the importance of life insurance.
Most people think that they can’t get life insurance after a heart attack, or the policy will be too expensive. This is not true; there are still options for you to get affordable coverage.
The good news is that you can get life insurance after a heart attack, you have to take the right steps.
The time since your last attack will determine what type of burial insurance you will qualify for. If you had your last heart attack over a year ago, there’s nothing to worry about. You can access carriers that will offer level death benefit at the lowest price possible.
On the other hand, if your heart attack is just recent or within the last 12 months, you cannot avoid a waiting period. No burial insurance company will offer you a plan with immediate coverage if your heart attack is just recent.
A heart attack will not eliminate you from being able to buy burial insurance coverage. And you don’t have to take a medical exam to qualify. There are a handful of insurance carriers that cater specifically to heart attack victims. We know those heart attack friendly companies, and we can help you get coverage.
What if I had multiple heart attacks?
Multiple heart attacks are a more serious form of heart disease and a greater risk of longevity than a single heart attack. There is a greater risk of cumulative heart damage after each attack.
You will not qualify for traditional life insurance, but you might be eligible for burial insurance, at a higher premium and smaller death benefit.
Guaranteed issue life insurance is your best bet if you have multiple heart attacks or a more severe form of heart disease.
What if my application was declined?
If you were denied life insurance in the past because of your heart attack, we can help you.
Being denied can have a negative impact on your record because the denial will be reflected in the Medical Information Bureau (MIB), which maintains information about approvals and denials. This information can be accessed by the life insurance agency and can influence your approval and result in higher premiums.
If you are declined for life insurance because of your heart attack, we can help. Your best chance of being approved is with the help of an independent life insurance agency like Funeral Funds.
We will shop your case to multiple carriers to find you the best plan.
We can get you a guaranteed issue burial insurance policy. These types of plans do not require a medical exam or health questionnaire, and you can qualify regardless of your medical condition.
If you’ve been denied insurance coverage in the past, we will help you apply with the right company and correct any misinformation in the MIB.
We can also reframe your application to reflect recent improvements in your medical condition. If you’ve been denied coverage in the past, call us, and we will help you find the best option possible.
Burial Insurance, heart attack, and smoking
If you’re a smoker, your life insurance premiums may be twice as much as those of non-smokers. One great thing about guaranteed issue life insurance companies they don’t punish you for smoking…your rates will be the same as a non-smoker!
This is because smokers are more at risk for heart disease and premature death, as well as repeat heart attacks.
According to the Centers for Disease Control and Prevention, the overall mortality for people who smoke is about three times higher than those who never smoked.
POLICY OPTIONS IF YOU HAD A HEART ATTACK
Your last heart attack was within the last 12 months, you cannot avoid a waiting period. If your heart attack is very recent, 12 months or less your best policy option is to take a guaranteed issue no-medical exam.
These policies are issued regardless of your recent heart attack. They will cost a bit more than a traditional policy, but they do provide the protection you need.
We do not recommend you to postpone your application and wait until you hit the 12 month period. Instead, it is better to apply for a guaranteed issue policy now because we don’t know what will happen tomorrow.
Get your policy now and start working on the waiting period as soon as possible. Once the 12 months have passed, we can help you apply with a plan that offers level death benefit.
Your heart attack was over 12 months
Some burial insurance companies have a one-year look-back period on a heart attack.
If your heart attack is over 12 months, we have insurance carriers that will offer level death benefit or immediate coverage. We can help you get approved for immediate coverage if your heart attack was over a year and you have no other serious health issues.
Your last heart attack was over 24 months ago
If your heart attack was over 24 months ago, life insurance companies would treat you like you are in perfect health. You qualify for level death benefit with most companies and you will have the option to choose which company will offer you the best rates.
BURIAL INSURANCE FOR HEART ATTACK SURVIVORS
Level coverage is a simplified issue burial insurance that covers you from the first day. If your last heart attack was more than 12 months ago, you would qualify for this policy.
It is generally cheaper than guaranteed issue life insurance. This plan does not have a waiting period, and your beneficiaries will be receiving the full death benefit whenever you pass away.
GUARANTEED ISSUE LIFE INSURANCE
If your heart attack is very recent meaning less than 12 months, guaranteed issue life insurance is your only option.
If you have other serious health conditions, then a guaranteed issue burial insurance is perfect for you. These no exam no questions burial policies are the next best choice for heart attack patients who will not get through traditional underwriting.
Guaranteed issue life insurance policies are issued regardless of your health condition. They cost more than insurance policies with health questions, but they provide the protection you need.
There is a two-year waiting period before guaranteed issue will payout for a natural cause of death. If you pass away during the waiting period, all your premiums will be paid back to your beneficiaries with interest.
WHY DO YOU NEED GUARANTEED ISSUE BURIAL INSURANCE IF YOU HAD A HEART ATTACK?
We recommend buying a guaranteed issue burial insurance plan despite the two-year waiting period because your health could change at any moment. We don’t know what will happen tomorrow, and you could have another heart attack that may cost you your life.
You could develop other health problems and your doctor may prescribe new medications that are a red flag at insurance companies. Any future health condition may prevent you from qualifying for a level death benefit.
Postponing your application until you reach the 12 month period is not wise.
If you wait to get better options for burial insurance coverage, any changes in your health will disqualify you for the level death benefit and guaranteed issue will be your only option for coverage.
This means that you still have to wait two years before you are covered for a natural cause of death. If you get a policy now, you start on the waiting period immediately, and whatever happens to your health you are covered.
If a guaranteed issue policy is your only option for coverage, apply now and start working on your waiting period.
In the meantime work on your health and lifestyle. If your health improves since your last attack and a minimum of 12 months had passed, we will help you get level death benefit from the carrier that will offer you the best pricing.
Guaranteed issue burial insurance may be more expensive than plans with health questions, but it is, guaranteed. Your acceptance is guaranteed without having to answer any health questions or undergo any medical exam.
Purchasing a guaranteed if you had a heart attack is worth it, you won’t lose money with this plan, and it ends up costing less than not having insurance coverage at all.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with a heart attack needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of heart attack, let us help you; we will work with you side by side to find a plan that fits your needs.
We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.
We will shop your case to different insurance carriers and get you the best price.
We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for heart attack funeral insurance, or heart attack burial insurance, or heart attack life insurance, 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.