What's a Stroke
Even if one suffers a stroke, it does not yet mean that he or she cannot acquire life insurance.
A stroke (also known as cerebrovascular accident) is exactly what its complicate name suggests â€“ a problem with blood (or lack thereof) in the blood vessels which keep your brain tissue alive. Strokes may be slow, such as when small amounts of blood leak into the brain tissue slowly. As the blood accumulates, it presses the live brain tissue in the vicinity. In other cases, strokes may also come in the form of a burst blood vessel which will release a large amount of blood into one's brain. Another form of stroke comes as the result of arterial embolism or thrombosis, whereby a clogged blood vessel is unable to supply regions of the cerebral tissue with oxygenated blood and renders it dead.
One way or another, the result of a stroke is the loss of certain cognitive capacities in the patient. In addition, a stroke patient (whether or not with milder or more pronounced cognitive impact) is thought to be likely to suffer another one or to have a higher propensity to suffering health difficulties. Despite the fact that oftentimes the patient is in fact going to live on without new serious health problems, she or he normally cannot do without partial or constant attention and care.
How does being a stroke victim impact one's chances of purchasing life insurance? Must you worry?
Life Insurance Implications
A stroke definitely has an impact on one's ease of finding insurance. Traditional cookie-cutter insurance plans may be suitable depending on the magnitude of damage caused by the stroke. Insurers will need to know details about the applicant's entire health history, but particularly the kind of stroke, the insured's age when the stroke occurred and any permanent cognitive or physical damage caused by the stroke and any related treatment.
Any history of other related ailments that the insured may have, namely diabetes or troubles with cholesterol, can also have an effect on a person's insurability. When a stroke is supplemented by but a less than impressive medical record, the insured will have much harder time qualifying for traditional life insurance products.
Simplified Issue No Medical Life Insurance plans may also be an possibility for stroke patients to obtain insurance coverage. Many simplified issue carriers are ready to offer immediate insurance coverage to stroke victims if indeed they've had the stroke prior to the period detailed within the insurance application form. This is typically approximately 24 or 36 months. It is vital to examine your simplified issue alternatives before applying for traditional insurance plans because if the client is turned down on traditional insurance first, she or he may suddenly lose eligibility for a simplified policy.
LSM Insurance's strong point is finding the best deals for hard-to-insure clients in particular.