I just read an article about the increase in strokes for young people, and this was not a big surprise to me, as I get calls every day from people that have health issues. It does seem like many health issues like strokes are occurring in younger and younger people.
If you’ve had a stroke or a TIA (mini-stroke) and need life insurance, below is some information that will help you to better understand the issues for life insurance underwriting purposes and how to get the absolute best offer on life insurance if you’ve had a stroke or mini-stroke.
A TIA (Transient Ischemic Attack) is a warning sign of stroke. The risk of stroke shortly after a TIA is between 10% and 20%. More than 30% of people that have a TIA will someday have a stroke.
According to the National Stroke Association, about 25% to 35% of people that have had a stroke will have a second stroke in their lifetime. Within five years of a stroke, 24% of women and 42% of men will experience a recurrent stroke. Recurrent strokes have a higher rate of death and disability.
According to the World Health Organization, strokes are the second leading cause of death in the world.
There are also a high percentage of people that have had a stroke or mini stroke that will die prematurely from other vascular and even non-vascular issues.
I think of the whole vascular system as plumbing for the body. If you have a blood vessel that gets blockage in your brain and causes a stroke or mini stroke, it is also possible that blockages could be forming in other areas, like in the vessels that supply blood to your heart.
While I’m sure there are those people that are otherwise healthy and then have a stroke, risk factors like smoking, poor diet, lack of exercise, and obesity do seem to play a BIG part in the likelihood of having a stroke or TIA based on my experience.
If you’ve had a stroke or a mini stroke and need life insurance, and assuming your health is fine otherwise, the following are things I’d need to know to see if you are insurable and what it will cost you to buy life insurance:
- What is your gender and date of birth?
- Did you have a stroke or a TIA?
- What was the date of your stroke or TIA?
- What prescription medications do you take? Do you take a daily aspirin?
- Was your stroke an ischemic stroke (caused by a blockage in blood vessel) or a hemorrhagic stroke (caused by a blood vessel that ruptured)?
- Do you have any neurological residual affects from the stroke (i.e. problems with thinking or reasoning, memory loss, speech impairment, vision problems, depth perception, bowel or bladder control)?
- Do you have any debilitation which was caused by the stroke (paralysis, trouble walking, sever headaches, etc)?
- Do you live on your own and are able to walk around and care for yourself without assistance (i.e. bathing, dressing, eating, going up and down stairs, etc)?
- Are you disabled and collecting disability benefits?
- Have you ever used tobacco? If yes, what type, how much, and how often used? What was the approximate date of last use?
- Do you have ANY other health issues (i.e. diabetes, heart disease, atrial fibrillation, peripheral vascular disease, hypertension, past cancer, etc)?
- What is your height and weight?
If you’ve had a stroke/TIA and you have other issues like diabetes, heart disease, past cancer, etc., I’d need to get more details on all of your issues to be able to shop your case properly to get accurate offers.
After a stroke, many life insurance companies may rate you, and some will also charge an extra premium for up to four years from the date of recovery in addition to the “rating.” The “extra premium” can vary greatly from company to company, and it’s possible that an insurance company may not charge an extra premium if you have no residual affects from the stroke and your health is good otherwise.
The life insurance offers after a TIA will usually be a lot better than if you’ve had a full blown stroke.
I’ve done a lot of stroke and TIA cases, and I’ve learned a long time ago that just because one insurance company made a good offer on a past stroke case does not mean they will on another.
The same could be said about life insurance for type 1 diabetics, not every company will offer the same rate.
What I do is compile an email with answers and details to the previous questions, and I email underwriters at every quality insurance company.
I also like to find out any positive changes you’ve made in your diet, exercise, and lifestyle to help you maintain good future health. I can relay this information to all of the underwriters to let them know you are being proactive about maintaining good health, which can be that little push I need to get that best offer possible!
After I get all tentative offers, I’d present you with the best ones to see if you’d like to apply for any of them.
Click the link above for an accurate quote. You can also call and ask for G3 (me) at 1-800-380-3533 or email me at [email protected].
Since 1992, Gordon E. Conwell, III (G3) has helped thousands of ”higher risk” individuals get the best life insurance rate/value. Being a high risk himself, he knows the struggles you’ll face trying to get affordable life insurance. His unique shopping process and underwriting knowledge will result in the best offers, every time!