There is nothing more alarming than learning you have a potentially life-threatening disease. Heart disease is one of the most common of these diseases. The U.S. Centers for Disease Control reports that 610,000 people in the U.S. die every year from heart disease. That accounts for about 25 percent of all deaths.
Many people don't think about life insurance until they face a situation such as a heart disease diagnosis. At times like these, they want to obtain help to support their family. They want to be sure their medical expenses and other costs are not a burden to their family. Yet, obtaining life insurance with a heart disease diagnosis (or any health issue) might be a bit of a challenge.
Heart Disease Isn't a Simple No
Because heart disease is prevalent in the U.S., life insurance companies realize there is a demand for coverage. However, most insurance agencies view heart disease as a chronic health condition. As is the case with obesity, diabetes, or high cholesterol, heart disease tends to shorten the lifespan of those afflicted with it.
Shorter lifespans represent a cost risk to life insurers. As a result, they may charge someone with heart disease more for life insurance than someone without it. Nevertheless, you can still qualify for coverage, even with this condition.
Although heart disease can increase your life insurance rates, insurers do recognize that medical advances make it easier to manage this condition. With proper care and a change in lifestyle, it may be possible to reduce the effects of the disease. Many insurers will work with you to do that. However, your level of disease severity plays a significant role in this.
What You Can Expect
Life insurance companies will ask health questions. They may require a medical screening, or request blood work. These tests provide the insurer information about your health. And this can help the insurer can provide an accurate quote for coverage.
It's also important to realize that not all insurers will offer the same coverage. Some may offer lower rates, even for those with heart disease. This is why it's important to work with an independent life insurance agent, such as Affordable Insurance Group, when you're shopping for coverage. Your agent can present policy options from multiple insurers, customized to meet your needs and budget.
If you have heart disease, work to obtain life insurance. Work to get your condition under control when possible. This may help you qualify for lower rates down the road.
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