After a major life event like bypass surgery, it’s understandable that you’d be in a hurry to buy life insurance as soon as possible. This is often a mistake. Life insurance companies will see your past surgery and this could prevent you from receiving a policy.
To qualify for insurance after a bypass, you need to plan right and fill out a good application. To get you ready, here is a review of the insurance guidelines for after bypass surgery as well as some tips to help you with your application.
When you’re shopping for life insurance protection, there are dozens of different factors that you’ll need to consider. It can be confusing and difficult , especially if you’ve had a bypass surgery in the past.
Life Insurance Underwriting after Bypass Surgery
You’ll need to answer several questions about your bypass surgery for your application. You’ll need to answer:
- What did you have your bypass surgery?
- Why did you need to have bypass surgery? Was it an elective or emergency procedure?
- Have you ever had any other types of heart surgeries like a heart valve replacement?
- Were there any complications after the surgery like internal bleeding, cardiac tamponade, or a stroke?
- Do you have any other high-risk factors for heart disease like smoking, high cholesterol, or high blood pressure?
- Do you have a history of heart disease?
- What medications are you taking because of the bypass surgery?
Common medications for after a stroke include: Clopidogrel, Beta blockers, Nitrates, ACE inhibitors, and Lipids. None of these medications is going to cause you to be declined.
For life insurance underwriting, more information is better. If an underwriter felt your application was incomplete, especially after something major like bypass surgery, there’s a good chance you’d get a poor rating or a denial.
Life Insurance Quotes after Bypass Surgery
If you’ve had bypass surgery, it’s very important to delay your life insurance application for some time after your surgery. This is because life insurance companies typically deny applicants that just had bypass surgery; there are too many complications that can come up. It’s best to wait at least 6 months to a year before applying.
When you apply, insurance companies will review the details of your bypass surgery and your health. Your rating would depend on how well the surgery went as well as whether you are taking steps to avoid future heart problems. While each insurance company uses different standards, let’s give you some basic ideas on your classification:
- Preferred Plus: It’s not possible to get a preferred plus rating after bypass surgery, even if you are healthy and the procedure went well. There is just too high a chance of future heart problems for insurance companies to be willing to give the best rating.
- Preferred: Also usually impossible. In very rare cases, someone that had an elective bypass and was otherwise in perfect health might qualify for a preferred rating, but this is not something you should expect.
- Standard: The best rating for applicants after a bypass surgery. Applicants need to have waited a year after the surgery and be in perfect health otherwise. The bypass surgery also must have been a minor procedure, like elective surgery to get around a blockage early.
- Table Rating (substandard): A table rating is the most likely rating. Applicants should have waited at least 6 months after their surgery to qualify. Rating will depend on the severity of the surgery, whether there were any complications, whether the applicant had other procedures like a heart valve replacement, and basic health info.
- Declines: Applicants that apply within 6 months of their bypass surgery. Also, applicants that aren’t regularly seeing their doctor, have a history of serious heart problems, and/or have heart risk factors like smoking or high cholesterol could also be denied.
Bypass Surgery Case Studies
If you’ve had bypass surgery, it’s very important that you plan your application right. To help you understand, here are some examples of clients we’ve worked with in the past.
Case Study #1: Female, 63 y/o, non-smoker, had bypass surgery for a small blockage at 61, tried applying right away and was denied, otherwise in good health.
This client has a small valve blockage a few years ago that she decided to have removed through elective bypass surgery. Immediately after the procedure, she tried to buy more life insurance. Since she didn’t give anytime between her procedure and her application, the insurance company denied her application. At this point, the client thought she couldn’t get coverage. After contacting us, we recommended she try again. Since she had waited the appropriate amount of time, she qualified for a standard policy this time around.
Case Study #2: Male, 57 y/o, needed bypass surgery at 54, former smoker, recently lost weight and reduced cholesterol levels, taking lipids for cholesterol.
This applicant had an unhealthy lifestyle. He smoked, had a poor diet, and didn’t exercise. This lifestyle eventually forced him to have bypass surgery. After the surgery, this client started living a much healthier life. He also started taking lipids for his cholesterol, as this was a big part of why he had heart problems.
Despite these improvements, this applicant still had trouble getting life insurance. After looking at his situation, we suggest he ask his doctor for a letter which showed his improved health. After he did this, he tried again and got a Table Level 2 plan.
As you can see from the examples, there are dozens of different factors they consider. There are no two applications that are the same, and every company is going to see you differently. Some insurance companies are going to view a history with a bypass survey more favorably than other companies are going to. Finding the right company could be the difference in getting approved for affordable coverage or getting a plan that’s going to break your bank every month.
Getting Affordable Life Insurance Coverage After Bypass Surgery
As an applicant with a bypass surgery in the past, you’re going to be facing higher premiums. Just because of your surgery doesn’t mean you have to spend thousands and thousands on your coverage. Here are a few ways you can save money on your plan.
Using tobacco is hands-down one of the worst things that you can do for your life insurance premiums. Those cigarettes make your rates go up twice as much.
Because you already have a red flag on your application, you need to improve everything else. To do this, you need to commit to living a healthier lifestyle. This means being more active.
Comparing different policies is always going to be the best way to save money. As we mentioned, each carrier is going to use different standards. Some companies will offer you cheaper coverage. You need to find those companies.
Getting life insurance after bypass surgery is a challenge, but it’s a challenge many people can overcome. Sure, you can take the time to research each company and figure out who has the most affordable plans for people with a bypass surgery. Or you can let our experienced agents do it.
As independent brokers, we represent over 50 highly rated companies across the nation. Giving our agents a call is like calling 50 carriers all at once.