The British Heart Foundation says that 7.6 million people in the UK are living with some form of heart condition. Whilst there are still unfortunately a number of deaths from heart-related issues, deaths due to heart issues are falling.
So what does this mean for people with a heart condition who want to take out life insurance?
An insurer is likely to regard your heart condition as an additional risk factor when assessing an application. The good news, however, is that there are insurance companies who will consider people with heart issues. There are clear benefits though to arranging your life insurance with a specialist broker such as Moneysworth.
If you have been declined by one or more insurers because of your previous heart trouble, or you have been told by another broker that your health issues mean you cannot get life insurance, then contact Moneysworth today. We have often been successful in obtaining policies for clients who have been declined elsewhere.
Having a heart condition need not necessarily mean that you have experienced a heart attack in the past. We can also assist clients who have experienced:
- Angina
- Angioplasty
- Aortic Regurgitation
- Aortic Stenosis
- Atrial Fibrillation
- Bicuspid Heart Valve
- Brugada Syndrome
- Bypass Surgery
- Cardiac Arrest
- Cardiomyopathy
- Heart Murmur
- Hole In The Heart
- Implantable Cardioverter Defibrillator
- Long QT Syndrome
- Replaced Heart Valve
- Tachycardia
- Transposition of the Arteries
Moneysworth’s highly skilled and experienced team are experts in assisting people with many different mental and physical health conditions to obtain the cover that they need.
Case studies – how we have been able to help previous clients
Recent examples of where we have been able to obtain cover for clients with heart issues include:
58-year-old man who had experienced a heart attack
- Experienced a heart attack five years prior to the application
- Had undergone surgery to open up his right coronary artery and to have stents fitted
- Continued to take regular medication for two years following the attack
- As part of the assessment process, the insurer obtained a letter from his cardiologist and also took into account the fact he had qualified as a personal fitness trainer since his attack
- We found an insurer who was prepared to offer him £190,000 of life cover over five years for £72 per month, which was just over double the insurer’s standard premium for a man of his age
29-year-old woman with transposed arteries and stenosis
- Her heart issues included transposition of the great arteries and right pulmonary artery stenosis
- Details of her condition were obtained from a cardiologist at the clinic she attended as part of the insurer’s decision making process
- She was offered £325,000 of life insurance over 29 years for £81.92 per month by one of the specialist insurers we have access to
47-year-old man with Essential Thrombosytheria
- He was diagnosed with the condition following a routine blood test three years prior to the application
- He takes medication on an ongoing basis to control the condition
- He also had a heart attack back in 2005
- A stent was fitted in a procedure shortly after his heart attack
- Unfortunately, a number of providers indicated that they could not provide cover. We were able to find him a policy with a specialist insurer where he is covered for death from causes other than pre-existing health conditions. He has £100,000 of cover over five years for £22.43 per month
33-year-old woman who had undergone a valve replacement
- Was diagnosed with ‘tetrology of fallot’ at birth and took daily medication to control this
- She underwent surgery to replace a pulmonary valve in 2002
- Other medical issues included post-natal depression and a family history of hypertension and Crohn’s disease
- We found an insurer who would offer her £250,000 of life insurance over 30 years at £28.69 per month, which was just over double their standard premium for someone of her age
44-year-old man who had undergone surgery on two occasions
- Underwent a bypass operation at just four years of age after being diagnosed with Ebstein’s syndrome
- Continued to require three-yearly check-ups throughout his life
- Further surgery was carried out at age 33 – mechanical Aortic Root Valve replacement for Bicuspid valve
- Takes medication on an ongoing basis to control the condition
- We found an insurer who would offer him £80,000 of decreasing cover over 25 years at £43.35, which was five times the standard premium for a client of his age
These cases illustrate that it can still be possible to obtain life insurance where:
- The heart episode has caused the applicant to be hospitalised
- They have taken regular medication for the condition and remained under the supervision of a cardiologist for an extended period
- There are different heart conditions for the insurer to take into account when considering the application
- The applicants had undergone different forms of surgery for their heart issues
If you would like to find out more, then contact Moneysworth today!
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