How Does a Heart Attack Impact Your Life Insurance Cost?


A life insurance policy can provide your family peace of mind and financial assurances. Most insurance policies are designed to provide coverage for many unexpected events such as car accidents or sudden illnesses. Life insurance, however, is unique in that it provides a death benefit for the policyholder’s beneficiaries. The monthly premiums paid for life insurance provide a sum of money to cover final expenses, pay off debts, or take care of financial obligations in the event of the policyholder’s death. The type of coverage you need and the amount of your premium will depend on several things.

Insurance companies consider several factors when determining your potential risk as a policyholder during the underwriting process. Things such as your age, gender, medical history, health condition, and lifestyle choices are used to determine your risk profile. Insurers will determine coverage and rates for your specific situation based on this information. If the company feels that your health or lifestyle choices possess a high risk, they could deny coverage. As a result, many wonder if heart attacks or heart failure will disqualify them from purchasing life insurance.

If you have a health problem like a heart attack, life insurance options are available, but you might end up with higher premiums. However, no matter your condition, you can find the right coverage for your needs. Let’s take a look at how a heart attack might impact your life insurance cost.

Insurance Coverage After a Heart Attack


So, can you get life insurance after a heart attack? In most cases, yes, you can still get life insurance after a heart attack. However, you should understand that a medical history that includes a heart attack will put you into a higher risk category. While it might be more difficult and expensive to find cheaper life insurance after a heart attack, coverage options are available. There are no universal standards for insurance companies to follow regarding risk categories and coverage. This means that a heart attack might be treated differently by various companies.

Insurers will consider all factors during the underwriting process and place policyholders in a preferred, standard, or sub-standard category. This rating will be based on medical history, a medical exam, health survey responses, lifestyle choices, and other factors. Typically, having a heart attack will place someone in the standard or sub-standard category for insurance purposes. This means that a heart attack isn’t considered a disqualifying risk for insurance. However, being placed in a higher-risk category will mean paying higher premiums. Comparing insurance companies and assigned risk categories will help you find quality options for life insurance.

Comparison Shopping


Like making other large purchases, it is always a good idea to look around life insurance coverage options. If you have had a heart attack, comparison shopping could be the key to finding an affordable rate. Online comparison tools will help you check out several quotes from multiple insurance companies. To get the lowest rates possible, it is best to shop for life insurance when you are young and in good health. As discussed, however, even after a heart attack, you can get life insurance at affordable rates. When you comparison shop for quotes, you will be asked for personal information to help insurers assess your risk factor. Once you get a list of quotes, you can compare insurers, coverage amounts, and premium rates.

There is often a misconception that health conditions like a heart attack will disqualify you from life insurance. When determining risks and assessing potential policyholders, insurance companies look at the entire picture. While a heart attack will indicate that you are at a higher risk for health problems, other factors such as your overall health and lifestyle choices could help your case. Regardless of your health conditions, you can find quality life insurance at manageable rates with some research and considerations.