Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Jan 11, 2022

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The Truth in a Nutshell

  • Life insurance is available after a stroke
  • Wait at least a year after your stroke to buy traditional life insurance
  • Be honest about your medical history when applying for life insurance

Someone that has had a stroke might ask, “How much does life insurance cost?” While your rates will be higher than those of healthy applicants, there are ways that you can keep your rates down. Understanding life insurance companies that are stroke friendly will help you find the best coverage.

Before learning about life insurance companies that are stroke friendly, enter your ZIP code to get free life insurance quotes in your area.

How are rates determined by life insurance companies that are stroke friendly?

A stroke is a major medical event. You may wonder, “Can I get life insurance if I have had a stroke?” There are life insurance companies that aren’t stroke friendly. However, you’ll find that many companies will provide coverage to those that have suffered a stroke. Some of these companies include:

  • American General
  • Prudential
  • Principal Financial Group
  • North American Company

A significant factor in your ability to obtain coverage is the type of stroke you had. The two types of strokes are a full stroke and a mini-stroke, known as a TIA (transient ischemic attack). A TIA presents the same symptoms as a full stroke, but the patient doesn’t experience permanent neurological damage.

Life insurance companies are primarily concerned about your life expectancy, which will determine the portion of the premium they’ll receive.

Full strokes result in brain damage, which could shorten a person’s life expectancy or impact their ability to make payments.

The underwriting process is quicker for those who had a mini-stroke because there are fewer health risks to consider. However, any stroke event creates coverage challenges because it makes a person more likely to have additional stroke problems in the future.

When a life insurance company considers an applicant, they place them into one of five classification groups.

  • Preferred plus: It’s improbable that any applicant will qualify for this rate class after having a full stroke or mini-stroke.
  • Preferred: In some rare cases, an applicant that has had a mini-stroke could qualify if they otherwise have perfect health.
  • Standard: The best rating for most applicants with a stroke; however, six years must have passed, and there must be no other health issues.
  • Sub-standard: The most common class for stroke survivors; applicants should apply at least a year after a stroke if they don’t present any lasting damage.
  • Decline: Companies will likely decline applicants applying within six months of a TIA or one year after a full stroke.

If a company declines your application for coverage following a stroke, there are some other options.

Rates for life insurance companies that are stroke friendly will be higher for a guaranteed-issue policy. However, acceptance is guaranteed, and applicants don’t require an exam.

You can also apply for final expense insurance, which pays for funeral and burial costs. Policy amounts only range from $2,000 to $40,000, but this is a good life insurance option for those that don’t qualify for traditional coverage.

If you can find coverage for a stroke, what does life insurance not cover? Life insurance covers most causes of death. Even if you have had a previous stroke, your life insurance will still pay out if you die from a second stroke, as long as you were honest about your health history when the policy was issued.

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What questions do life insurance companies ask stroke patients?

While a stroke will usually result in higher life insurance rates, companies are primarily concerned with how it will affect your future health. Therefore, they want to see that applicants who have had a stroke take the proper precautions to keep the condition under control.

To ensure that these customers are taking the necessary measures to improve their health, life insurance companies will usually examine your medical history to verify that you’re receiving regular physician checkups.

Additionally, the companies will ask some questions about your condition, including:

  • When did you experience your stroke?
  • Was it a full stroke or a mini-stroke (TIA)?
  • What tests did you undergo after your stroke?
  • What symptoms did you experience at the time of your stroke?
  • Did you experience any lasting neurological issues or other residual effects?
  • Are you experiencing any other health issues that could result in another stroke?
  • What medications are you currently taking?

When answering these questions, you should be honest and respond to the best of your ability. If you provide any false information, it could result in the cancellation of your policy, even if you have already received approval.

It’s common for doctors to prescribe medications to patients that have had a stroke. Some of the most common drugs include:

  • Plavix
  • Statins
  • Aspirin
  • Anticoagulants

Since these are common medications following a stroke, they usually won’t affect quotes from life insurance companies that are stroke friendly. They also won’t affect a beneficiary’s ability to receive a life insurance payout.

How can you prepare to apply for life insurance after a stroke?

Getting health insurance after a stroke can be difficult because strokes don’t fall under pre-existing condition protection laws. It can also be more challenging to obtain a life insurance policy after having a stroke, but there are some ways that you can improve your chances of acceptance.

The Insurance Information Institute provides several ways to save on your life insurance. The following tips will put you in the best position to get a policy with the lowest rates if you’ve had a stroke:

  • Visit your doctor as recommended.
  • Follow your doctor’s advice about medicine and treatment.
  • Regularly update your medical records.
  • Control any other complications.

You’ll need to show anything that could complicate your condition, but you should also highlight your accomplishments. For example, you’ll have to inform the company if you were a smoker, but you should provide a date if you quit.

Life Insurance Companies That Are Stroke Friendly: The Bottom Line

Life insurance policies are available for people that have had a stroke, but it depends on the type of stroke and your current health. Your rates will be higher than those of a healthier person, but there are ways you can obtain cheaper coverage.

Learning about life insurance companies that are stroke friendly will help you find the best coverage and rates.

Now that you know about life insurance companies that are stroke friendly, enter your ZIP code to find free life insurance rates in your area.