The Impact of a Heart Attack on Life Insurance
If you have experienced a Heart Attack, you may be concerned about the impact this will have on Life Insurance.
So whether you had cover in place at the time of your Heart Attack or not, here is some information to help make things a little clearer.
If you already had cover in place at the point you had a Heart Attack…
If you had a Heart Attack during the term of your Life Insurance policy, you don’t need to do anything. Your premiums were calculated based on your health and medical history at the policy start date, and will not change based on the events you have experienced since.
If you were to look at cancelling your pre-existing cover and taking out a new policy at any point in the future, bear in mind that new premiums will likely be higher as a result of your Heart Attack. You may therefore be better off leaving any historical policies in place and taking out a new additional policy to cover any shortfall.
If you didn’t yet have Life Insurance at the time of your Heart Attack…
Securing Life Insurance after a Heart Attack may be slightly more difficult, but it is not impossible!
If you suffered a Heart Attack before setting up a Life Insurance policy, you should still be able to secure cover. However, your monthly premiums are likely to be higher than they would have been if you’d have set up the policy prior to your Heart Attack.
Whilst many mainstream Life Insurers will refuse or automatically inflate the cost of cover based on previous Heart Attacks, there are many specialist brokers who are experienced in finding cover for people with pre-existing medical conditions.
In order to ensure that we can find you cover at the most competitive price, we will spend time getting to know you – asking questions about your Heart Attack(s), as well as your overall wellbeing. Having a broad picture of your health and lifestyle allows us to tailor your policy to your individual circumstances, and allows us the best opportunity to find you a suitable policy at an attractive price.
We will ask you questions such as:
- How old you were when your Heart Attack(s) occurred, and how long ago these were
- Whether you experience any Heart / Cardiovascular symptoms, as well as how often and how severe these are
- Whether you require(d) stenting or bypass surgery
- How you manage your condition – whether you take any medication, or receive regular check ups.
- Whether you have experienced any further problems or recurring symptoms since your Heart Attack(s)
- Which heart vessels were affected by your Heart Attack
If you recently suffered from a Heart Attack and are looking for more general support and advice, you can visit the following websites:
Heart Attack Life Insurance
Heart Attack Life Insurance