Life Insurance with Atrial Fibrillation

by Jeff Rose on September 18, 2017 · 0 comments

in High Risk Insurance

Life Insurance with Atrial FibrillationIf you have atrial fibrillation and want to buy life insurance, your condition will make applying more difficult.

However, you could still qualify for a decent policy, even with this heart condition. It all depends on the severity of your atrial fibrillation as well as your overall health.

If you’ve ever been told that you won’t be able to get affordable life insurance because of your atrial fibrillation, but that isn’t true. Regardless of your health or any pre-existing conditions that you have, there are several ways that you can get affordable life insurance protection.

You can increase your chances of getting a fair rate by planning right and putting together a smart application. To help you get ready, we’ve outlined the underwriting rules for someone with atrial fibrillation.

Life Insurance Underwriting with Atrial Fibrillation

When you apply for life insurance, you agent should ask you several questions about your atrial fibrillation. You will need to answer:

  • When were you diagnosed with atrial fibrillation?
  • Is your atrial fibrillation chronic (permanent) or paroxysmal (intermittent)?
  • What is causing your condition (coronary artery disease, heart valve issue, etc.)?
  • Do you have any other issues with your heart?
  • Do you have other high risk life insurance factors for heart disease like high cholesterol, smoking, or a family history of heart disease?
  • Are you receiving any treatments or taking any medications for your condition?

Common medications include for Atrial Fibrillation include:  Amiodarone, Dronedarone, Propafenone, Digoxin, Beta Blockers, and ACE Inhibitors.   All of these medications for could be insurable depending on the severity of your condition.

As you apply, be sure to answer all these questions honestly and in complete detail. Insurance underwriters get nervous about incomplete applications, especially when you have a condition like atrial fibrillation. If your application is missing information, there’s a good chance you’ll be denied or will receive a bad rating.

Life Insurance Quotes with Atrial Fibrillation

On its own, atrial fibrillation isn’t a fatal condition. However, it’s a problem for life insurance because this condition increases the chance of a stroke or more serious heart issues. When reviewing your application, underwriters will want to know if your condition is chronic or paroxysmal. Paroxysmal fibrillation is when you have an irregular pulse less than 10 times a year. If you have more incidents per year, your condition is chronic. Chronic atrial fibrillation is a bigger issue for life insurance.

Beyond your atrial fibrillation, underwriters will also consider whether you have any other heart issues and your overall health. While each company has different standards, here are some general underwriting guidelines to give you an idea what rating to expect.

  • Preferred Plus:  Impossible for an applicant with atrial fibrillation. There is just too high a risk of other health issues from this condition.
  • Preferred Usually impossible for someone with atrial fibrillation. In very rare cases an applicant with paroxysmal atrial fibrillation and in otherwise perfect health may qualify for a preferred rating.
    Standard:  Best possible rating for most applicants with paroxysmal atrial fibrillation. Applicant should be in good health otherwise and not have any signs of heart disease.
  • Table Rating (substandard):  Most likely rating for applicants with atrial fibrillation and the likely best rating for applicants with chronic atrial fibrillation. Insurance companies will base your rating on the severity of your condition, whether you have other health issues, whether you are taking care of your condition, and your family history of heart disease.
  • Declines: Applicants that have other heart issues like coronary artery disease in addition to atrial fibrillation will likely be denied. There is just too high a risk that the two problems will make each other worse. Also, applicants at high risk for heart disease like someone that is overweight or has high blood pressure.

Atrial Fibrillation Life Insurance Case Studies

Your life insurance application makes a difference when you apply with atrial fibrillation. Here are a couple real life examples to show you why it pays to be prepared.

Case Study 1: Male, 67 y/o, non-smoker, had paroxysmal atrial fibrillation at age 64. No heart issues and in good health.

This applicant was diagnosed with paroxysmal atrial fibrillation when he was 64. The problems weren’t due to any underlying heart issues. Beyond this incident, he was in great health. However, when he applied for life insurance, he only received rated policies. We felt that insurance companies were putting too much weight on his condition. We recommended this client go for an EKG to show that his heart was in good shape and to mail in the results with another application. With this extra information, the client received a Preferred rating, a great result for this condition.

Case Study #2:  Female, 72 y/o, former smoker, started having chronic atrial fibrillation at 69, taking ACE Inhibitors and statins for cholesterol

This applicant wasn’t in great health. She was overweight, smoked, and didn’t take the medications her doctor prescribed. This eventually led to heart trouble and chronic atrial fibrillation. At this point, the client turned things around. She quit smoking and started taking her medication which improved her condition. However, when she applied for life insurance, insurance companies rejected her application. We recommended she get a note from her doctor vouching for her better lifestyle and explaining that her condition was improving. With this extra information, she received a Substandard Level 2 policy.

Getting Affordable Life Insurance Coverage

One of the reasons that people don’t buy life insurance is because they assume that it’s going to be too expensive, but that couldn’t be further from the truth. There are several ways that you can secure lower rates from the insurance company, which means more money in your pockets. Making a few simple lifestyle changes could save you thousands of dollars every year.

The first thing that you should do is pay attention to your doctor. Always follow all of the orders and prescriptions that they give you.  It’s important that you do everything that your physician tells you. Not only will this improve your health, but having regular doctor visits will show the insurance company that you’re dedicated to improving your health.

When you apply for life insurance, you’re going to be required to take a medical exam, and the results of that medical exam are going to play a major role in how much you pay for your coverage. If you want to get better rates, it’s important that you get better results from the exam. There are several ways that you can do that, but the two best ways are to start a healthy diet and get regular exercise. Both of these are going to help you lose weight, lower your blood pressure, and reduce your risk of being diagnosed with other health complications, and all of these are going to translate into much lower insurance premiums.

The best way to lower your premiums is to cut out any tobacco that you currently use. If you use tobacco, you’re at a much higher risk for health problems, like strokes or cancers. Not only are you going to have a higher chance of those problems, but you’re also going to pose a much higher risk to the insurance company. They are going to offset that elevated risk by charging you higher premiums. In fact, anyone that uses tobacco is going to pay at least twice as much for life insurance protection versus what a non-user is going to pay for the same sized plan. If you want to save thousands of dollars, then cutting out the tobacco is the best thing that you can do.

Bottom Line

When you have atrial fibrillation, you need to be prepared before you apply for life insurance. You may need some help. Our company specializes in life insurance for this condition. We can make sure you prepare your application correctly and match you up with the best companies for atrial fibrillation. For more information, call or fill out our free online quote form.

Life insurance is one of the most important investments that you’ll ever make for your loved ones. It’s one of the few ways that you can protect your family, even if you were to pass away. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be stuck with all of your debts and other final expenses. Losing someone that you love is never going to be easy, but being responsible for a mountain of debt is going to make the situation that much worse.

If you have any questions about getting life insurance with atrial fibrillation, please contact one of our agents today. We would be happy to answer those questions and connect you with the best plan available.

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