Life Insurance with a Stent Fitted
Can You Get Mortgage Protection or Life Insurance With a Stent?
Yes, it is possible to get life insurance after having a stent fitted, but there are a few factors at play:
Timing:
Many insurance companies prefer to wait for a period (often six months to a year) after the procedure to give time for follow ups to see how well the patient is recovering and managing their heart health.
Medical History:
Insurers will review your overall medical history, including the reason for the stent placement, which vessel was stented, the overall condition of the heart and general health conditions.
Current Health Status:
Your current health, including follow-up medical reports, lifestyle changes, and how well you are managing risk factors (e.g., diet, exercise, smoking cessation), will be important.
Type of Insurance:
The type of life insurance you are applying for can affect your chances.
Term life insurance and mortgage protection should be possible.
Income protection and serious illness cover will be trickier.
Premiums:
The cost of life insurance will be higher due to the increased risk associated with your heart condition.
How much higher depends on the risk category you fall into.
As a rough guide:
Category A
If you’re applying for life insurance
with a stent fitted less than 6 months ago,
or if you’re under 40,
the insurers are likely to postpone offering cover.
Category B
If you’re over 40 and are applying for life insurance with a stent fitted more than 6 months ago, it’s possible to get cover once you meet two conditions:
there have been no complications since the surgery
you have taken steps to address the cause of the narrowing arteries.
How Much is Life Insurance After Getting a Stent Fitted?
The cost depends on the vessel stented, the number of stents fitted, the overall condition of the heart and whether there any other medical factors present, such as:
The starting price of your cover will be around twice the normal price.
That’s a loading of +100%.
We explain life insurance loadings in this article.
What Information Does the Insurer Need?
Current symptoms and effect on physical activity
Time since procedure
Number of stents fitted
Which arteries were stented
The degree of blockage of those arteries
The condition of the remaining arteries
Stenting relieves symptoms, but it’s not a cure.
The insurer would prefer to see you address the causes of the narrowing arteries by changing your lifestyle.
To decide on whether to offer cover, the insurer will request a medical report from your GP.
You don’t need to arrange or pay for this; the insurance company will request the report and cover all the costs.
Over to you…
It is vitally important to apply to the most sympathetic insurer when it comes to heart conditions.
Some insurers are a lot stricter than others.
We know which insurer to apply to for the lowest price with the least amount of hassle.
Complete this short questionnaire, and I can discuss your case, in confidence, with my panel of underwriters before you apply.
The minimum information I will need to give you a steer is:
Time since the procedure
Number of stents fitted
Which arteries were stented
The degree of blockage of those arteries
The condition of the remaining arteries
If you have any cardiac reports, please send them my way (nick@lion.ie)
Thanks for reading,
Nick
