Life insurance after bypass surgery or any health condition involving your heart will absolutely be considered high-risk life insurance.
The heart is a vital organ critical to sustaining your life.
Life insurance companies will view any procedure or disease of your heart with great scrutiny before offering you a policy.
Can you get life insurance after bypass surgery? Yes, you can get life insurance after bypass surgery, usually twelve months from the procedure. The life insurance must see that your bypass surgery was a success with no complication.
While waiting twelve months after bypass surgery may seem easy, trust us as high-risk life insurance brokers, it’s not that simple.
Every life insurance company will have different opinions on rates and underwriting when it comes to something as serious as bypass surgery.
You must work with a skilled independent broker who specializes in high-risk life insurance to improve your odds of getting approved for life insurance after bypass surgery.
Feel free to use our free rate tool to compare the rates of the best life insurance companies in the United States today.
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Our agency works with the best life insurance companies for heart conditions whom you can rely on when the time comes to file a claim.
Our article will cover the following topics, so feel free to skip ahead to an area that interests you.
Can I get Life Insurance After Bypass Surgery?
In our experience as high-risk life insurance brokers, getting life insurance after bypass surgery is possible.
The first thing that life insurance companies will want to know is if the bypass surgery was a success.
According to Medical News Today, the more serious your heart disease, the higher the likelihood of complications, with 2-3 percent of patients dying during the bypass surgery.
Therefore, most life insurance companies will want to wait a year after the bypass surgery to monitor your recovery from bypass surgery.
If there is any complication or the bypass surgery was not successful in treating the underlying problems, you may still get postponed or declined for life insurance.
If the bypass surgery was a success, then we can look at your health as a whole.
Life insurance companies will consider the underlying condition that required bypass surgery.
You can get life insurance with heart conditions, but life insurance companies evaluate each heart condition differently.
How does Bypass Surgery Affect my Life Insurance Rate?
Bypass surgery will affect your life insurance regardless of how healthy your cardiologist says you are.
Bypass surgery is underwritten similarly to life insurance with heart stents.
Bypass surgery itself will start you at a substandard rate since it is usually recommended with underlying heart conditions.
People looking for life insurance after a heart attack will pay more than preventative bypass surgery for heart disease.
The more arteries that are bypassed, the greater the risk in insuring you.
Additionally, you age when you got the bypass surgery will matter, especially if you’re in your 30s or 40s.
If you are below the age of 50, life insurance companies are increasingly leery on giving you a policy because it could indicate more heart trouble in the future.
Work with a High-Risk Life Insurance Broker After Bypass Surgery
Life insurance after bypass surgery is not a case for a rookie agent new to field underwriting.
You need an expert independent agent who can broker multiple life insurance companies to give you the best odds of getting life insurance with a pre-existing condition.
Career agents are employees of insurance companies and usually focus on their company’s proprietary life insurance products.
If bypass surgery is not a risk that life insurance company views leniently, your chances of getting life insurance just plummeted.
High-risk life insurance specialists will know what questions to ask and what companies to target to bolster your chances of approval.
Your life insurance agents should dig in regarding your bypass surgery if they are doing their job correctly.
Information to Provide your Broker:
- When was your bypass surgery?
- What medications do you take?
- What is your build (height and weight)?
- Why did you get the bypass surgery?
- Do you have any other heart or cardiac conditions?
- When was the last time you went to the cardiologist?
- Did you get a full workup? (stress test, echocardiogram, lab testing, etc.)
- Have you ever used tobacco products?
- Do you have any other pre-existing health conditions?
What if I’m Declined for Life Insurance Due to Bypass Surgery?
If you had a bypass surgery within the last 6-12 months, you’ll likely be postponed for life insurance.
Even after 12 months since you bypass surgery, your overall health may still prevent you from buying life insurance.
If that happens, you do have alternatives to protect your loved ones.
If you are looking for final expense insurance, certain prescription medications may knock you out of first-day coverage even years after your bypass surgery.
Guaranteed life insurance may be your only option to cover your final expenses in this scenario.
The good news is that policies, like AIG guaranteed issue life insurance, will accept you regardless of your health or prescriptions.
Instead of medical underwriting, guaranteed issue life insurance has a modified death benefit in the first 24 months of the policy.
Accidental deaths are covered in full from day one, but illnesses and medical deaths are not fully covered until the modified death benefit is over (usually month 25).
If you die a non-accidental death during the modified death benefit period, your beneficiary will receive all your premiums paid plus interest, so you don’t lose any money.
After the modified death benefit period is satisfied, the full death benefit will pay for any covered death.
Guaranteed issue whole life is limited to $25,000 usually.
If you want higher coverage, we recommend accidental death coverage.
Accidental death coverage functions like life insurance for fatal accidents.
Since illness and medically-related deaths are not covered, there is no medical underwriting or medical exam.
You can combine accidental death insurance with guaranteed issue whole life to cover your final expenses, burial costs, and fatal accidents.
Final Thoughts on Life Insurance After Bypass Surgery
Purchasing life insurance after bypass surgery is undoubtedly possible.
Life insurance companies must know what pre-existing health conditions caused the bypass surgery, and not every life insurance company views bypass surgery the same.
You must meet specific criteria to get life insurance after bypass surgery, so using a high-risk life insurance broker increases your chances.
If you’re declined for life insurance after bypass surgery, don’t give up just yet.
There are alternatives to traditional term life insurance, such as guaranteed issue life insurance or accidental death insurance.
You can compare rates of the most reliable heart life insurance companies in the industry today with our free rate engine.
Thank you for reading our article on life insurance after bypass surgery.
Please feel free to contact us if you’re struggling to find life insurance after bypass surgery.