Life insurance after a heart attack

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There are few instances in life when your very mortality is brought to the forefront of your mind – and those of your nearest and dearest – as when you suffer a heart attack.

In fact, nothing focuses the mind, alters emotions or changes personal perspectives more than surviving a heart attack, as thousands of people do – and live to tell the tale about – here in the UK every year.

Conversely, and while life insurance is probably the furthest thing from your mind in the aftermath of a heart attack, it is arguably one of the things you should, perhaps put at the top of any new, (immediate) future check lists which include ways to improve your health and wellbeing.

As well as revising and reaffirming your intent to look after your loved ones should another near-tragedy go one step further next time; as uncomfortable and pessimistic thought that this is.

Of course, many of you may have read horror stories about people not being granted new or continued life insurance from unscrupulous insurance companies after suffering a heart attack, however this could not be further from the truth as we’ll go on to explain in this guide.

OK, there are extreme circumstances whereby if someone who has suffered a heart attack also has a catalogue of other major illnesses which could just as easily compromise their long term health and are over a certain age, then yes, there’s a chance that some insurance providers may decline their request for life insurance cover; or at best quote very high premiums. But by and large the majority of insurers are more than happy to accommodate the individual needs of someone who has suffered a heart attack and successfully fulfils other criteria.

But before we get into all that, let’s rewind a bit.

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Remove additional stresses in life by not deliberating too long over a life insurance policy after a heart attack

There are always various factors to be considered when looking into arranging life insurance, irrespective of whether they’ve experienced a heart attack or not. And they start with examining the would-be customer’s age and general health.

It goes without saying that if the individual seeking life insurance is older and deemed unhealthier than the average, then the premiums will reflect this. In fact, if the person’s health is considered not in the best shape the likelihood of being offered life insurance under favourable conditions aren’t particularly good. Ironically, it’s typically after episodes of ill health or suffering from a serious illness that people start to think about death, as dark as that might sound – and shortly after, the subject of life insurance if they haven’t already taken a policy out, or wish to revisit it and renew it in a timely way, which takes us back to making provisions for our dependents.

Heart attacks are one of the most common serious illnesses which can strike unexpectedly and for a myriad of reasons, especially so in this stressful society in which we all live, work, rest and play.

Steadily increasing in recent years, recorded instances of heart attacks in England alone have topped 140,000, ensuring that today it’s one of the most prolific of life-threatening illnesses. And according to reliable stats the chances of having a second heart attack heightens after suffering the first.

Although as we pointed out above, many people still think that arranging life insurance after a heart attack will be fraught with obstacles, where the reality is far less pessimistic, and that it is possible to source below average life insurance premiums if you shop around. More so if the heart attack survivor seeking life insurance isn’t suffering from any additional illnesses which might prove fatal in certain circumstances, doesn’t smoke and is under 50.

Life insurance premiums needn’t break the bank after suffering a heart attack if the policyholder is otherwise generally healthy

Smoking, as you read above, is one of the key factors. Life insurance providers are habitually far less willing to offer heart attack patients competitively priced policies if they admit to being a regular smoker, as research shows that people are at a far greater risk of suffering heart attacks and heart disease in general if they pursue a nicotine habit. That said, there is a broad spectrum of life insurance providers out there, some more willing than others to take higher risks.

Other aspects which should be remembered when approaching life insurance providers in the aftermath of having suffered a heart attack is not to rest on your laurels. Despite some commentators suggesting waiting 1 – 2 years after experiencing a heart attack before attempting to secure life insurance policies (implying that the one-time patient’s condition will have improved dramatically), the underlying fact of the matter is that the risk of suffering another heart attack is far greater in the immediate 2 years after the first as outlined earlier.

So if you avoid (potentially) forking out for higher life insurance premiums after one heart attack by deferring agreeing to another policy in the intervening passage of time, the odds are if you do have a follow-up heart episode the chances of being insured dwindle dramatically as the then risks double and treble from an insurer’s viewpoint.

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