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The Truth About Getting Life Insurance With A History Of Cardiomyopathy

The Truth About Getting Life Insurance With A History Of Cardiomyopathy

Looking for a quote for life insurance or burial insurance? Click here and send me a message with details of what you’re wanting to accomplish. If you’d prefer to talk live, call 888-626-0439 to speak with me directly.

In This Article, I’m Going To Specifically Talk About The Straight Up Truth: Realistic Perceptions On What You May Get For Life Insurance With Cardiomyopathy

For those of you that have cardiomyopathy, here’s the problem. Cardiomyopathy is one of the more difficult conditions to get coverage for.

NOTE: Would you prefer me to present this information to you in video format? Watch the video below for the complete presentation. Enjoy!

Today’s Topic Overview:

The truth about getting life insurance with cardiomyopathy

My research of what my competitors have written about disgusts me. A lot of my competitors in this insurance industry give the idea that cardiomyopathy is something that can be easily covered. They use all the fancy medical terms associated with the different variations of cardiomyopathy.

I will not waste your time trying to sound fanciful and educated, more like a physician than a life insurance agent.

It’s important to be completely transparent and honest about the options available to you if you end up having this particular ailment.

Cardiomyopathy is one of those few conditions that are almost uninsurable with most life insurance companies. Don’t go through a traditional life insurance company. When they find that you have cardiomyopathy, if they even approve you, the table rate is so high that it becomes ridiculous. It’s most likely that they’ll end up declining you.

Life insurance options for people declined for coverage

If you are interested in receiving a free quote please call (888) 626-0439 to speak with one of our friendly representatives. You can also send us a request using the message box found on this page.

Case study examples

Cardiomyopathy and Diabetes 

A middle aged man recently got in touch because the insurance that he had was going to be going up in price. He couldn’t afford the rate increase and reached out to us to see what we might be able to do for him.

The only problem was that in addition to having cardiomyopathy this gentleman also had diabetes. He was taking insulin each day to keep his blood sugar under control and was concerned this would cause him to be declined by any carriers we might work with.

This didn’t end up being the case though. I’m happy to say we were able to provide quality insurance for this gentleman at a price that he could afford. He was very pleased with the option and grateful for the help.

We can’t promise every client will qualify for life insurance, but we can promise to do our very best to help you get quality coverage in place.

We are able to shop a number of options to provide many clients first day coverage.

Concern over Parents Being Responsible for Mortgage

A young woman recently came to us after having recently bought a house. She was aware that with the added expense of a mortgage that her parents who had helped cosign a loan would be financially responsible for the mortgage should anything happen to her.

This young woman she admitted she didn’t expect to qualify due to her cardiomyopathy and high blood pressure, but we shopped a number of carriers and were able to secure her quality coverage.

Since Buy Life Insurance for Burial is comprised of brokers, we have access to a number of high quality carriers who provide coverage for a number of health conditions, including cardiomyopathy and high blood pressure. Though we can’t promise everyone will meet underwriting standards, we do our best to find coverage you can get approved for.

Available options

Guaranteed Issue

You may qualify with cardiomyopathy for a guaranteed issue life insurance plan. These plans guarantee your issue as long as you fall within the age range that the product is designed for. There are no health questions asked.

Qualifying for Life Insurance with Cardiomyopathy

It’s simplified issue whole life insurance. The rates never go up and the coverage never cancels due to age or health. But they do not fully protect you for any kind of death until two years have passed.

$50 a Month – Guaranteed Universal Life Insurance

$100 a Month – Guaranteed Universal Life Insurance

$150 a Month – Guaranteed Universal Life Insurance

I’m mentioning this because I want you to be completely informed about what your options are. With cardiomyopathy, it’s extremely difficult. I cannot recall one case in which I approved anybody for first-day full coverage with a history of cardiomyopathy.

If you would like to learn more about what your rates might look like, please feel free to get in touch for a no obligation quote. You can call (888) 626-0439 or send us a message and we will respond using your prefered contact method. 

The 5 top reasons people buy guaranteed issue life insurance

1.Bad health
Many people decide a guaranteed issue life insurance plan is their best purchase decision simply because they have been declined before with other carriers due to major chronic health issues. They have tried to get life insurance through their local auto insurance representative, maybe even through a life insurance specialist and on both accords, they have been shown several declinations that have led them to the point where they think any other option for life insurance is not available. 

Guaranteed issue life insurance allows one to get life insurance without questions asked. This means that people previously declined may be eligible in many cases for coverage because no health questions are asked.

This provides a sense of relief and a solution to the problem to have some kind of final expense coverage or life insurance coverage in place despite someone’s health.

2.Final expense coverage
The biggest reason people purchase a guaranteed issue life insurance program is that they want to make sure their burial and final expenses are covered. Most people are not looking for extremely large life insurance plans. They are simply looking for enough coverage to take care of any burial or cremation expenses and any kind of final expenses uncovered upon their passing so that their family won’t be responsible for coming out of pocket for it.

3.No questions asked
The most appealing factor to guaranteed issue life insurance is that there are no health questions asked in the process of figuring out if you are going to be approved or not. Simply put, if you can sign your own name to the life insurance application then you are approved for coverage and under some circumstance, some companies even allow a power of attorney to sign.

This allows for virtually anybody, as long as the age range is within the acceptable limitation, to apply for life insurance, despite their ailments which won’t have any impact on whether or not they get approved.  

4.Can’t cancel due to age or health
Most guaranteed issue life insurance programs are designed under what is called a whole life insurance product design. Whole life insurance is designed to never cancel due to age or health. This is a perfect addition for those of you who are looking for coverage for final expenses. Because at the end of the day when you have final expense coverage, we don’t know when we are going to die. Having life insurance that will cover at any age is a definite benefit when it comes to final expense coverage.

5.Rates never go up
What most people want when they buy a life insurance plan is one that they can depend on for being predictable and consistent. A guaranteed life insurance plan, which is commonly purchased by fixed-income seniors, has the added benefit of a  fixed price. That means your premium stays the same without any increases at any point in your entire life due to changes in health or age.

This sense of security provides fixed-income seniors, who are more typical to buy guaranteed life insurance,  more peace of mind and satisfaction in knowing exactly what they are going to pay for and not to worry about the dreaded rate increase.

Term Life Insurance

Some of my competition states that cardiomyopathy may be eligible for term life insurance or other products. It is highly likely that this will never be the case for you. Take this theory of potentially qualifying for life insurance down to the actual application and you’ll see why.

With cardiomyopathy, usually, an individual has other additional health factors. More serious heart elements. Alcoholism. Liver damage.

There are slews of health factors that will have an impact on a traditional underwriting standpoint. They usually end up getting you declined. These factors make it a total waste of your time to even consider applying for these plans.

Term Life Insurance Coverage – 10 Year Term – $100,000 in Coverage

Term Life Insurance Coverage – 10 year Term – $250,000 in Coverage

Term Life Insurance Coverage – 10 year Term – $500,000 in Coverage

Term Life Insurance Coverage – 10 year Term – $1,000,000 in Coverage

Stories from the field

The following story demonstrates not only an amazing survival story but also how someone could potentially overpay on a life insurance policy.

Early on in my life insurance career I was driving door to door visiting clients in a small town just outside Chattanooga. I had seen quite a few unusual things going door to door, but on this particular day I was in for an especially interesting client.

As I pulled into the drive I couldn’t help but notice the bright pink mailbox and pink Cadillac in the drive. As I parked I saw a painted picture  on the side of the house of a 4 x 6 foot person in what could only be described as a jester looking hat with facial paint.

Laughing to myself, I walked to the house where a lady greeted me at the front gate and introduced herself to me as Anita. Later I would learn that (no joke) her middle name was Lollipop.

Miss Anita invited me into her house and she began to tell me what had brought her to require my visit.

As her story unfolded I was stunned to learn that she had been one of the lucky ones to survive Hurricane Katrina.

She’d left New Orleans in the midst of flood waters, hanging on to the back of a casket for dear life as she floated through the French Quarter. When she made it to safety, she was personally escorted by Al Gore out of the danger zone on a plane Mr Gore piloted himself. 

As we began to talk she told me about how she was one of the people that was the last to leave New Orleans during hurricane Katrina. She actually swam her way through the French Quarter on the back of a casket.

She told me all of this to say it was important to her to have quality life insurance in place, but she felt like she was paying too much for what she had. Her monthly premium was at $250 and rising for a mere $8,000 in final expense coverage.

I was aghast that she was paying so much and told her I would look into a more affordable plan. After doing some research, I was able to save her over $1,800 a year on life insurance. 

Sadly many seniors are taken advantage of by salespeople who try to make their particular product out to be better than anything else out there, when in truth their product is overpriced. There are justifiable reasons for high premiums, but not when you are of an acceptable age and in generally good health.

We are able to shop among a number of competitive carriers to find you the best pricing and coverage so that your life insurance payments don’t have to cut into your living expenses.

While I can’t guarantee everyone first day full coverage, I can say with certainty that dealing with a broker like us at Buy Life Insurance for Burial puts you in a position to potentially get better coverage than what you find through TV insurance or mail order insurance programs.

My recommendations for those who have cardiomyopathy that want to get life insurance

It’s very simple. You should understand and accept that it’s very unlikely that you will get any kind of life insurance from a private entity that’s fully protected from the first day. What you can get is coverage (as long as your health and age qualify) on a guaranteed issue basis. You can get as much as you can afford.

Approved for Life Insurance with Cardiomyopathy

There are plenty of companies that will immediately issue coverage on you. Gerber. American General. Great Western.

As long as you meet their age range requirements, they don’t care that you have cardiomyopathy. They will approve you for some kind of coverage with that two-year waiting period that I described earlier.

If you currently work and have cardiomyopathy

Owner of BuyLifeInsuranceForBurial.com, David Duford, with his two 5-year old girls

My twin girls Emily and Eva thank you for reading, and hope you’ve gained truly valuable information on your search for life or burial insurance. If you’re ready to discover your options for life or burial insurance, call me at 888-626-0439 now for your free life insurance quote!

I’m a big believer that you should max out your group life insurance offerings from work. When it’s enrollment time at the end of the year, buy as much life insurance as you can. Much of the time those particular kinds of plans are guaranteed issue.

They will still fully protect you from the first day, but they don’t ask any health questions. Sometimes it’s inexpensive, especially the kinds that are associated with a multiple of your wage earnings.

Maximize as much as you can get on the books. Because the truth is, despite what others will say, that it’s almost impossible to get life insurance coverage beyond a two year waiting period for somebody that has cardiomyopathy.

Next steps

If you’re interested in finding out more about qualifying for life insurance with cardiomyopathy, visit my website. You can go to buylifeinsuranceforburial.com and grab a free quote.

I do ask that you message me first. You can do that by clicking the contact box; the one at the top or the bottom, and send me a quick message. Or just call me. The best way to reach me is (888) 626 0439, and speak with me live.

I hope you have found this article useful. Most of all I hope it has encouraged you to take the next step toward getting life insurance in place if you don’t already have coverage. We are here to help answer any questions you might have and offer a free quote. Simply call (888) 626-0439 or send us a request using our message box on this page. You will be under no obligation to buy from us and can get more information regarding what you might qualify for.

About BuyLifeInsuranceForBurial.com
About BuyLifeInsuranceForBurial.com

We work with individuals across the nation to secure the best life insurance rates.

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