Life Insurance with PM

31 y/o. CHB. PM implanted April 2020.

I got life insurance a couple years ago and prior to having any health issues. Does getting a PM void my life insurance? Are we required to inform our insurance companies?

also, for someone without life insurance, how hard is it for them to get it after getting a pacemaker. Let's assume they are under 35 years old and otherwise in great health.

 

thank you...


5 Comments

No

by ROBO Pop - 2020-11-09 13:25:07

Generally, changes like a PM after acquiring insurance does not affect your policy. However if you were to try to increase your life insurance or get new, that's a different story. Then they can decline coverage or charge outrageous premiums. 

Yes, no

by AgentX86 - 2020-11-09 15:10:40

No, your current policy is still valid.  There is no reson to notify them either.  I'll be widely available if they choose to look. Don't give up that policy!

If you're looking for more insurance, I'd go with the companies that search the insurance companies for the best deal. Go with two or three, as a check.  You won't be able to search for a deal like they can.

life insurance

by Tracey_E - 2020-11-10 07:45:11

Keep what you've got! I'm congenital and last year was the first time in my life I've been able to get life insurance, and then it was only because my husband's employer offered it for spouses. It's a large company so they didn't ask any questions and it's an itty bitty policy that will barely cover the cost of a funeral, but I was excited to get it because I've never had it before. I've been self employed since my first year I got out of college, if I'd worked for a medium to large company I probably could have had coverage sooner but by far the best thing is to keep what you've got because it was priced before anyone knew about your heart. As soon as you check that heart box, things change drastically. It doesn't matter that our problem has a fix and it does not affect life expectancy, it's a heart condition in their eyes. 

Thank you!

by Jdky - 2020-11-10 11:01:49

Thanks for all the helpful responses :-)

insurance in general

by dwelch - 2020-11-12 05:33:48

Insurance in general with pre-existing conditions is an issue or has/had been much of my adult life.  One company had a special policy just for me that had some state funding behind it to offset the cost.  Best bet find a job at a big company with a group policy and we fall into the noise X employees Y dollars.  Same insurance and life insurance options for all employees...And small life insurance policies for spouses and children (yeah that one messes with your mind)...

As mentioned though if you have one now just keep it.  I think that is also true for anyone without issues, the earlier you start, the smaller the premium and you need to maintain it the later you start the higher the premium.  

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