The Importance Of Dealing For Life Insurance
However, after a stroke, your options for getting approved for life insurance dwindle significantly. You should AVOID applying for life insurance with every company with the goal of getting a reduced rate for life insurance.
With that out of the way, here’s the silver lining; by remaining informed, you can learn the ins and outs of what insurance companies are looking for when it comes to writing policies for stroke survivors. Armed with information about insurance ratings for stroke survivors, you can reduce the cost of your life insurance.
The following are questions we will …show more content…
If you are younger, underwriters may consider this a sign that you may have other life-threatening conditions. With your health expected to decline as you age, you may not be rated as low if you had a stroke later in life.
Older adults who are rated higher due to having a stroke later in life may still pay more for their life insurance policy. For one, they are older. And two, they will typically have other medical conditions that negatively affect the rating underwriters give them. Ultimately, it’s better to have a stroke later in life than at an early age when you consider the cost of life insurance.
For many insurance carriers, if you are 55 or 60, you may not be penalized for having a stroke. However, if you are younger, most underwriters will be considered. Therefore, they will likely rate you lower.
It’s important to bear in mind that this same measure for age will be used to examine your family’s history with strokes. Immediate family members who’ve had strokes early in life will lead to an increase in the cost of your life