Life Insurance For Congestive Heart Failure (Lowest Rates)
Posted in Final Expense Burial Insurance last updated on February 27, 2023Fill out our quoter to compare rates among all of the top carriers that accept people with congestive heart failure.
Many people with congestive heart failure have trouble securing life insurance by agents and companies they talk to.
Fortunately, you’ve come to the right place.
Most companies do not accept people with congestive heart failure, but there are a few out there with affordable rates.
We work with top companies in the business that will accept this condition.
Read on for more information and quotes.
Table Of Contents
- Life Insurance With Congestive Heart Failure
- Waiting Period
- Best Life Insurance Companies For Congestive Heart Failure
- Guarantee Trust Life
- Prosperity
- AIG
- Summary
Life Insurance With Congestive Heart Failure
Many life insurance companies will deny people with congestive heart failure because it is a very serious condition that does not go away.
Most life insurance companies will look at your medical history and prescriptions to underwrite your health risk, and if congestive heart failure comes up they will deny you.
But not every company.
There are companies out there that will accept someone with congestive heart failure, even some that will not even look into your medical history, no questions asked.
Waiting Period
While there are some life insurance companies that accept people with congestive heart failure, they will all come with a waiting period, like Colonial Penn’s $9.95 plan.
A waiting period is usually two years where if you die in the first two years they will give you your money back with 10% interest on top.
There is no way to avoid this waiting period if you have congestive heart failure.
Just know what you’re getting yourself into before you sign up. A guaranteed rate of 10% is unheard of in other parts of the financial economy.
Best Life Companies For Congestive Heart Failure
Below are our best recommendations for the best companies if you or a loved one has congestive heart failure.
Guarantee Trust Life
Age Range: 50-90
A.M. Best Rating: A-
Payout: Graded
Coverage Amounts: $2,5000 – $25,000
Guarantee Trust Life is a great company for people with congestive heart failure because their payout is not for a full two years. In the first year they will return premiums with 5% interest, in the second year they will give you 50% of the payout, and after two years you receive full benefits. They also have great rates.
Below are some rates from Guarantee Trust Life.
| Age | Male 10k | Female 10k | Male 15k | Female 15k |
|---|---|---|---|---|
| 50 | $54 | $38 | $80 | $55 |
| 60 | $69 | $51 | $101 | $79 |
| 70 | $104 | $79 | $153 | $116 |
| 80 | $245 | $178 | $366 | $266 |
Prosperity Modified
Age Range: 50-80
A.M. Best Rating: A-
Payout: Two Year Waiting Period
Coverage Amounts: $1,500 – $35,000
Prosperity Life is another great company for people with congestive heart failure that has higher coverage amounts available than other companies. Prosperity has a full two-year waiting period with this product, with a return of premium plus 10% in the first two years.
Below are some rates from Prosperity’s modified product.
| Age | Male 10k | Female 10k | Male 15k | Female 15k |
|---|---|---|---|---|
| 50 | $78 | $75 | $115 | $111 |
| 60 | $115 | $97 | $170 | $143 |
| 70 | $155 | $120 | $231 | $178 |
| 80 | $296 | $190 | $442 | $282 |
AIG Guaranteed Issue
Age Range: 50-80
A.M. Best Rating: A
Payout: Two Year Waiting Period
Coverage Amounts: $5,000 – $25,000
AIG is the best life insurance option for people who have other serious health conditions or are on oxygen with congestive heart failure because it is a guaranteed acceptance carrier. They accept literally everyone and don’t ask any health questions.
Below are some rates from AIG.
| Age | Male 10k | Female 10k | Male 15k | Female 15k |
|---|---|---|---|---|
| 50 | $55 | $38 | $82 | $56 |
| 60 | $68 | $53 | $101 | $79 |
| 70 | $106 | $80 | $158 | $119 |
| 80 | $206 | $189 | $308 | $283 |
Summary
These are just a few of the life insurance companies that accept people with congestive heart failure.
We at Seniors Mutual work with all of the top life insurance companies in the business to find the best price and product for our customers.
If you want to compare prices among all of the top companies fill out our quoter to see quotes instantly.
We look forward to speaking with you and leave a comment if you want more information!
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