Having a heart attack is one of the most frightening experiences you can come across. It’s even scarier when you realize that your health insurance doesn’t cover it; you will need to pay for medical bills out of pocket. This means that getting back on your feet financially could take months or even years. That’s why it’s important to know what life insurance options are available after a heart attack! Daniel Fabulic Insurance Agency serving clients in Shelbyville and several other towns in Kentucky shares the necessary information you need to know.
Can I Get Life Insurance After Heart Attack?
The answer to this is a big emphatic yes! However, insurance companies will evaluate how risky it is to ensure you after a heart attack. This means that if you have a history of heart disease, the insurance company may charge you more for your policy or even refuse to sell you a policy at all.
What Does Ejection Fraction Mean?
This is a term that life insurance officials throw around a lot. Ejection fraction is one of the numerous tests cardiologists use to determine your heart’s well-being. The ejection fraction is the blood percentage ejected with each beat. About 50 percent of total blood volume gets pushed out during a single ventricular contraction in a normal heart.
If someone has an acute myocardial infarction (heart attack), this number will drop significantly. Only 20 to 25 percent of the blood may be squeezed out on that first beat following the damage done by the blocked or ruptured artery. With less blood leaving the chamber, not as much oxygen-rich blood flows into the rest of your circulatory system. When the percentage of blood flowing through the arteries declines or gets worse, things can go wrong at any stage and result in a severe event.
Types of Insurance Policies Available for Heart Patients
If you have had a heart attack, several types of policies are available to you, depending on your health and medical history. You will need to provide detailed health information before applying for any insurance policy.
- Universal Life Insurance
This coverage is available for people who are not in good health. The universal life insurance policy is a permanent form of coverage that will grow at interest rates specified by the issuing company.
You can also use universal life insurance to cover funeral costs, but some downsides. The biggest downside with this type of plan is that you cannot cash out your current policy or borrow against it if anything were to happen to you.
- Term Life Insurance
Term life insurance is a form of coverage that can be purchased by people who are currently in good health.
The policy will only stay effective for the term chosen, but it is very flexible and affordable compared to other policies. The biggest downside with these plans is that they do not grow at all – you get what you paid for when your contract expires.
Daniel Fabulic Insurance Agency is the premier insurance agency in Shelbyville, KY, and several other areas in the state. You can sign up for our life and health insurance program to get the coverage you desperately need after a heart attack. Get a quote from our team now!