How to Get Life Insurance with AFIB

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Understanding AFIB and Life Insurance

Atrial fibrillation (AFIB) is a common heart condition characterized by irregular and often rapid heart rates. If you have AFIB, obtaining life insurance can be more challenging, but it is certainly possible. Insurance companies will closely evaluate your condition, considering various factors to determine your eligibility and premium rates.

How To Get Life Insurance With Afib

Key Factors Underwriters Consider

When applying for life insurance with AFIB, underwriters will assess:

  1. Type of AFIB: There are three main types of AFIB:
    • Paroxysmal AFIB: Episodes come and go, usually resolving on their own.
    • Persistent AFIB: Episodes require treatment to return to a normal rhythm.
    • Permanent AFIB: The heart rhythm cannot be restored to normal, and ongoing treatment is required.
  2. Frequency and Severity: Underwriters will look at how often you experience episodes and their severity. More frequent and severe episodes can impact your premiums and eligibility.
  3. Treatment and Medications: The type of treatment and medications you are on will be closely examined. Effective management of AFIB can positively influence your application.
  4. Underlying Conditions: Any additional heart or health conditions will be considered. The presence of other conditions like hypertension or diabetes can affect your rates.
  5. Overall Heart Health: A comprehensive evaluation of your heart health, including recent medical exams and cardiologist records, will be necessary.

Types of Life Insurance Policies Available

Despite the complex nature of AFIB, various life insurance policies are available:

  1. Term Life Insurance: This policy provides coverage for a specific period, usually 10, 20, or 30 years. It is often the most affordable option but may require a detailed medical examination.
  2. Whole Life Insurance: This provides lifelong coverage and includes a cash value component. Premiums are higher, but this option can be beneficial if you seek long-term financial security for your loved ones.
  3. Guaranteed Issue Life Insurance: This policy does not require a medical exam, making it a viable option for those with more severe AFIB. However, it comes with higher premiums and lower coverage amounts.
Best Life Insurance For Afib

Best Life Insurance Companies for AFIB

Some insurance companies are more accommodating of heart conditions, like AFIB. Notable companies include:

  • Prudential: Known for flexible underwriting and a variety of policy options tailored to individuals with heart conditions.
  • John Hancock: Offers specialized policies and wellness programs that can benefit those managing chronic conditions.
  • AIG: Provides a range of life insurance products with accommodating underwriting guidelines for individuals with AFIB.

How We Can Help

At The Annuity Expert, we understand your complexities and concerns when seeking life insurance with AFib. With 15 years of experience as an insurance agency, annuity broker, and retirement planner, we are dedicated to finding the best solutions at the lowest costs for our clients.

The Core Problem We Solve

Finding affordable and comprehensive life insurance coverage when diagnosed with AFib can be challenging. Many insurers may offer higher premiums or limited coverage options, causing stress and uncertainty about securing your family’s financial future.

Symptoms and Emotional Impact

  • High Premiums: You may feel frustrated and overwhelmed by the increased costs of life insurance.
  • Limited Coverage Options: The fear of not providing adequate financial protection for your loved ones can be distressing.
  • Complex Application Process: Navigating the application process with a pre-existing condition like AFib can be confusing and time-consuming.

We believe in providing personalized solutions that cater to your unique needs and preferences, ensuring you feel valued and special throughout the process. Our attention to detail and expertise ensures you receive the best possible coverage at an affordable price.

What We Recommend

  • Step 1: Personalized Consultation
    • What Happens: Schedule a free consultation with one of our experienced agents to discuss your specific situation, medical history, and coverage needs.
    • Main Benefit: Receive personalized advice and a clear understanding of your options tailored to your unique circumstances.
  • Step 2: Comprehensive Quote Comparison
    • What Happens: We will gather quotes from multiple insurers, considering your AFib diagnosis and other relevant factors.
    • Main Benefit: Obtain a range of competitive quotes, ensuring you find the best coverage at the most affordable rate.
  • Step 3: Policy Selection and Application
    • What Happens: Choose the best policy based on your needs and preferences, and we will assist you with the application process, ensuring all medical information is accurately provided.
    • Main Benefit: Secure comprehensive coverage with minimal hassle, giving you peace of mind and financial security for your loved ones.

Features and Benefits

  • Experienced Agents: Our team has extensive experience in high-risk life insurance, ensuring you receive expert guidance.
  • Multiple Quotes: We provide quotes from various insurers, maximizing your chances of finding the best rate.
  • Personalized Service: Tailored advice and support, making you feel valued and understood.

Common Objections and Counterarguments

  • High Premiums: While premiums may be higher, our expertise ensures you receive the most competitive rates available.
  • Complex Process: We simplify the process, guiding you every step of the way to ensure a smooth application experience.

By working with us, you avoid the frustration of navigating the insurance market alone and gain the assurance of securing the best possible coverage. Contact us today for free advice or a quote, and take the first step towards protecting your family’s future.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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