It can be difficult for those suffering from bradycardia to obtain life insurance. The process is anxiety-inducing for many as they fear that their application may be declined. However, someone with the condition can receive affordable life insurance.
Life insurance application process
After you apply for bradycardia life insurance, the underwriter will evaluate your application and determine your level of risk. This is primarily based on the severity of your symptoms and the effect they have on your life.
The following questions are usually asked to the applicants who are suffering from this condition:
- How long have you had bradycardia?
- When were you diagnosed?
- What is your resting heart rate?
- What treatment plan are you following?
- Have you ever been hospitalised because of this condition?
- Are you able to carry out day-to-day activities, such as going to work, normally?
Alongside answers to these questions, you must also provide detailed and accurate medical records. The information will be used to give you a risk rating, which informs your application outcome and insurance cost.
There are 3 possible outcomes of your bradycardia life insurance application:
- Approved: This means that the life insurance you’re
given is at the standard terms. You don’t have to pay an extra premium.
- Rated: To account for the additional risk, the premium
on your insurance is increased.
- Declined: If your condition is severe, your application may even be declined.
The last outcome is unlikely and a vast majority of applicants simply pay a higher premium on their insurance. Moreover, there are things you can do to improve the likelihood that you are given affordable life insurance.
The most important one is choosing the right insurer who has experience working with applicants suffering from bradycardia (or heart conditions in general).
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00