Need life insurance..with pacemaker

I have seen comments about trouble in obtaining life insurance with a pacemaker. I am 53 years old and want to find a policy. Does anyone know how I can do this? What about the no questions asked, no physical required policy they offer through AARP? Would appreciate any information. Thanks. JoyUnderHisWings-Barb

4 Comments

Insurance

by SMITTY - 2008-05-16 05:05:02

Hi Barb,

The policies like you mention are fine so far as I know. The catch to them is they have the restriction that if you should die during the first two or three (it depends on the company) it will not pay the full value of the policy. Instead they will refund all premiums you have paid plus some amount of interest - usually about 10%. Like all contracts, read the fine print before you sign.

Smitty

Life Insurance.

by Stepford_Wife - 2008-05-17 11:05:29

Hi Barb.

Smitty is right. Go to the AARP web site, they offer a variety of insurances that might fit your needs.
www.nylaarp.com/index.asp

Good luck,

~ Dominique ~

SORRY BUT I DONT TRUST INSURANCE COMPANIES

by peter - 2008-05-17 12:05:07

I dont trust insurance companies. They will try any trick n the book not to pay up.It happened to me. Why not put your premiums in a savings account you may end up with the best of both worlds, some money if you need it for medical treatment or a wad of cash to pass on to your children.

Insurance and PM

by maryanne - 2008-05-17 12:05:19

Well I have had life insurance since I was 23 just because I did have a PM...my premiums were higher...but over the years they went down.....I had to change companies...which was a pain in the butt.....now that I am in my mid 40's it was a little more difficult, but I went through the broker who got me my first policy, he researched the best policy for me sent out intention for insurance to a variety of companies and saw what they came back with....there are companies out that will insure you....just need to do a little homework....good luck....

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I have a well tuned pacer. I hardly know I have it. I am 76 year old, hike and camp alone in the desert. I have more energy than I have had in a long time. The only problem is my wife wants to have a knob installed so she can turn the pacer down.