How Stroke & TIA Affect Life Insurance
For people who have had a stroke, finding affordable life insurance can be a challenge. Whether you have had what providers refer to as a “full stroke,” or a Transient Ischemic Attack, known as “TIA” or “mini stroke,” you may be wondering what options you have, if any.
A stroke, and the complications that often follow, are considered a considerable risk for insurance providers, and can make finding a plan very challenging. Many providers may deny coverage completely, while others will modify their pricing or benefits to reflect the increased risk.
After Having A Stroke
The amount of time that has passed since your stroke can have a large impact on your acceptance for insurance plans. During the first 12 months following a stroke, you are unlikely to be able to obtain regular life insurance. Recurrence of stroke is most common during the first year, and drops in the following years.
Any provider that requires a medical examination may decline your application, however you may have alternative options with guaranteed acceptance and high risk plans. The downfall to these plans is, of course, the somewhat limited benefits and high cost compared to standard coverage. Some companies will ask that you postpone your benefits until a year has passed since your last stroke or TIA symptoms.
Getting Coverage With A History Of Stroke
The more time that has passed since your stroke, the better your chances are for finding coverage at a great price. If you are still experiencing side effects, or are deemed likely to experience another stroke, your provider may take this into account on your risk profile.
Unfortunately, having a stroke in your medical history may restrict your coverage options in the future, as you will no longer be considered a low risk. Because you are no longer considered to be in top health, you will not be eligible for the level of benefits granted to people fewer health conditions. This doesn’t mean you won’t still be able to afford life insurance, however, and Term Life can help you select a provider and maximize your plan.
Minimizing the impact on your total health by making proactive decisions can improve your outlook for insurance purposes. Requesting multiple quotes from several providers from Term Life Insurance also gives you your best chance at finding the best rates, even with limiting conditions such as stroke.
Reducing Your Risks For Stroke
A stroke occurs when blood cannot reach the brain with fresh oxygen. This can be cause by blockage in the blood vessels from the heart to the brain from clots, or a complete rupture. Damage to brain cells can happen quickly, and without timely treatment, complications can persist for years to come. These persisting symptoms are one of the main reasons companies view stroke as a risky condition.
There are several ways to reduce your chance of experiencing a stroke, and you should visit with your doctor about your individual needs. Common preventive measures include a “baby” aspirin dose, and maintaining a healthy weight with exercise and diet. If you smoke, quitting can be beneficial to both your health and your insurance premiums. If you are diabetic, keeping your blood sugar under control will also help you improve your health, and reduce your perceived risk.
Let Term Life Insurance Help You Obtain Coverage
Insurance underwriters will include both your stroke diagnosis and all other health conditions. Term Life can help you get the insurance plan options that fit your needs, and give you the benefits you need. We will make sure you find the life insurance company and coverage that help protect your family, at a cost you can afford!