Does Term Life Insurance cover Heart Attack Death?

Does Life Insurance Cover Heart Attack Death?

Wondering, if death by a heart attack covered under term insurance cover? Many insurers charge a hefty premium for term insurance if you have pre-existing critical diseases. Let us discuss the maximum term insurance cover you can avail and if it covers death by a heart attack.

If you are a heart patient, you might find it difficult to buy a term plan as compared to people who do not have such an illness. If you have any heart issue and you are looking for the best term plan, you may like to consider the below questions:

• Does heart attack covered in term insurance?
• What factors are needed to consider at the time of buying a term plan for heart patients?

Is Heart Attack Covered under Term Insurance?

Yes, you would be glad to know that term plans do offer coverage for death that occurs due to heart attack. Heart attacks are generally considered under the natural death criteria and so they get coverage as term insurance cover natural death. However, there are certain conditions to be considered.

If you fill the questionnaire or claim form perfectly and the result of the medical examination shows genuine reports, your term insurance plan will provide heart attack insurance coverage under your policy. But if the tests show misleading facts, in that case the claim may be rejected. So, it is better to buy a critical illness raider with your term plan to ensure that the policy covers critical illnesses.

There are two different ways to understand how term insurances cover a heart attack or death by heart attack.

1. The insured has no history of heart attack

If the insured who owns the health policy has no medical history of heart attack, he/she would be offered a term insurance plan with normal charges and taxes. So, in this case if the policyholder goes through a heart attack after he/she has bought the health policy, the insurer will cover it and provide a claim like in normal situations.

However, this may not be the case if the insured is a survivor of heart attack.

2. The insured has a history of Heart attack

If the insured has prior history of ailment or has undergone a heart attack in the past, it is liable on the insured to inform of the same before signing the policy papers. Normally, people try to hide such information in the pretext that they would be denied insurance. However, the fact is they can still avail an insurance plan with a heart ailment. Only thing is they might have to pay some extra taxes and charges.  Also, they have to undergo medical examinations and detailed medical tests.

What Happens if the Policyholder Hides the Facts about the History of their Heart Attack?

If the insured person or the policyholder hides or doesn’t communicate the details of the history of his/her heart attack while buying the policy, the insurer might dismiss or cancel the policy. They might reject a claim and also levy a fine on the policyholder by increasing the premium.

So, it is very essential to reveal all the details at the time of buying the insurance and be transparent with them.

Let us now discuss certain factors that need to be considered by heart patients while buying the best term insurance plans.

4 Points to consider by heart patients while buying term plans

If you are a heart patient or have gone through a heart attack, you must reveal the following details to the insurer at the time of buying term insurance.

1. Your Age –  the age at which you had a heart attack is something very important to consider. This information will help the insurer to decide your medical conditions and eligibility of buying a term plan. For example, people suffering a heart attack in their 30s will have lower chances of getting term plans as compared to those who had suffered heart ailment in their 40s and 50s.
2. How severe was the attack? –  the impact that the attack had on your overall health also plays a significant role while buying a term plan. If the attack had a severe and prolonged effect on your health, you may find it difficult to get term insurance.
3. Are  you a Diabetic? – Diabetes and heart ailment is a dangerous combination and are mostly avoided by insurers. So, if you are a diabetic with heart ailments, your chances of getting term insurance reduces.
4. Treatment details and follow-ups – If your heart ailment requires lifelong medication, your insurer might charge extra to offer you the term plan cover. However, the insurer will check your medical papers from your physician. In case the follow-up guideline offered by the physician is simple, you will get the insurance easily.