In the past, people with heart disease had trouble getting the coverage they need. Luckily those days are gone and finding life insurance after a stroke is not that hard, depending on the seriousness of your condition.
There are many things that could affect the price of your policy when it comes to life insurance. The most important ones are your age and your health condition.
Heart Disease Affect Your Premium
People usually start to think about insurance only after they get older or seriously sick, and that is the time when premiums get much higher. In these cases, there isn’t much of a choice, at least not as much as if you were younger and in better health. People often think about life insurance after having major heart disease.
It may help you out if you read or talk about other people’s experience that happen to be in a same or similar situation as yours. And even if they had a bad experience, never give up on looking for affordable and decent life insurance as every person is different and somebody’s situation however similar it seems, can be way different than yours.
When it comes to life insurance for sick people, the thing you should worry about is if you will be accepted for traditional life insurance, such as whole and term life insurance. However, being sick doesn’t automatically make you insurable, especially if your condition is treatable and temporary. Depending on your condition and whether you are keeping it under control or not, you could opt for traditional life insurance policy you want. Even if it happens that your life insurance is declined because of the seriousness of your health condition, you will still have good options with guaranteed acceptance life insurance, more here.
What Happens If I am Declined for Coverage?
If you are looking for life insurance after surviving from a stroke, and traditional life insurance is out of your reach, you can always go for no exam policy. This kind of life insurance policy is easy to get as it doesn’t require any detailed questions about your health. It is almost automatically accepted, no matter your health condition which makes it expensive in most cases. Therefore, if you still have other options, maybe the smartest idea is to avoid this policy.
When you are looking for life insurance and you have had a stroke in near past, the truth is that probably all standard policies will be out of your reach and your options will be limited, especially if you are a senior.
However, not every insurer underwrites the same. Some insurers find it very risky and others don’t underwrite the same conditions so seriously. Therefore, if you are looking for affordable life insurance, make sure you choose the right insurance company.
Sometimes finding Life Insurance after a Stroke could be a bit of a challenge. However, there is always something that you can do about it. You can shop around long enough to see how it all works and what options you have. Make sure you get free quotes and compare the prices before you choose. By comparing the offers from different insurers, you are making sure that you will get the best deal.