Getting Life Insurance After a Heart Attack - Is It Even Possible?


October 20, 2015


Inspiration article: http://www.lifehappens.org/blog/can-i-still-get-life-insurance-after-a-heart-attack/

YES, you can still obtain life insurance even after an attack. The secret is in finding the right insurance provider for you. Heart attacks are so prevalent in our country that:

  1. Based on a DOH (Department of Health) report, heart diseases are among the leading causes of deaths in the Philippines. In fact, 5 out of 10 Filipinos die due to a heart attack. In 2009, more than 170,000 Filipinos die because of the disease.
  2. The average cost of hospitalization is three times higher than the average monthly salary, about 84% of the Filipinos are not prepared to pay for the hospitalization bills. Simply put, the majority of the Filipinos cannot afford to pay the medical bills.
  3. According to Teodoro Herbosa, Health Undersecretary, parents who suffered from an attack, have children who are forced to stop their college education, due to the lack of funds.
  4. Hospital admission due to a heart attack tends to be higher during the Christmas season.

What's worse?

Adding insults to injury, some insurance providers calculate the life benefits of the over 50 life insurance on whether the heart illness was in the early or advanced stage of their life. Other considered are:


  • Age
  • Frequency of attack(s)
  • Date of the last attack
  • Severity of heart attack
  • Treatment you have received or are currently receiving

If the individual suffered an attack or multiple heart attacks in the last 6 months, most insurance companies automatically decline the application. This is particularly true if each attack was severe and if the applicant is undergoing treatment. Also, if the first attack occurred early in their life, it will make the company think twice about approving the insurance application.

Likewise, there are insurance companies who accept clients with cardiovascular diseases. The required monthly premiums, however, will vary and are almost always high. If an individual suffered from any heart issues in the last 6 to 10 years, they might be eligible for the standard premiums. Although, if the client suffered from a heart attack in the last 1 to 5 years, the monthly premiums tend to be higher.


What you can do?

You may think of insurance as the quickest solution. However, due to the health condition requirements of some policy providers, a great portion of the Filipino population is excluded. Life insurance not only helps in preparing your family for the unfortunate, but it also helps in building funds for health emergencies in the future.

The necessary first step is finding a heart attack-friendly insurance company. A plan provider that asks no health questions nor any medical examination, one that guarantees acceptance. A plan provider that commits not to increase monthly premiums throughout the entire coverage of your policy, without reducing benefits provided.

Indeed, there is an insurance company that provides all of these without the costly premium.


Paramount Direct has all of these qualities, life plans without the exclusion. They understand how everyone deserves to be protected, no matter the circumstance.


For more information about how Paramount Direct can help cover you, despite your attack, visit: http://paramountdirect.com/products/life-accident-insurance


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