Buying the right life insurance policy is by no means an easy feat, but it gets even more complicated if you have high cholesterol. A lot of people have found out later that they were given higher premiums and some were even denied insurance because of their cholesterol levels. It is imperative that you don’t get discouraged or lose hope of qualifying for life insurance if you have high cholesterol, because all life insurance companies evaluate high cholesterol differently.
It is estimated that over 100 million Americans over the age of 20 suffer from high cholesterol levels, which is one reason why most insurance companies will not take the health risks of cholesterol too seriously. So, don’t be worried if you’re someone that suffers from high cholesterol, because the insurance industry is vast, and you will find an insurance carrier that will offer you a policy.
We will be looking at qualifying for life insurance with high-cholesterol in greater detail, because as previously mentioned, more than a 100 million Americans suffer from this health condition. It is important to remember that you can easily get life insurance even with high cholesterol. So, here is everything that you need to know about qualifying for life insurance with high cholesterol:
High cholesterol, is a condition that escalates the risk of suffering from stroke or heart disease. The cholesterol is measured after evaluating abnormal levels of LDL cholesterol and HDL cholesterol in the body. Cholesterol is a type of fat in your blood, and is needed by the cells in the body, which is why the body makes cholesterol. However, too much of anything is bad for you, and the same goes for cholesterol. If you live a lifestyle that creates excess cholesterol in your body, you could suffer from a variety of different health conditions.
High cholesterol will create plaque in the arteries, caused them to harden, and when plaque attaches to the walls of blood vessels it continues to build, and therefore restricts blood flow from the heart. This also leads to the buildup of clots in the arteries, and can result in inflammation, which can cause strokes or heart attacks. A common sign of high cholesterol is angina, which is an excruciating chest pain.
Before we shed some more light on high cholesterol, it is important to note that there are two types of cholesterol that the body makes. They are known as good cholesterol and bad cholesterol. The good cholesterol is known as HDL, and the bad cholesterol is known as LDL. You will experience cholesterol problems if the HDL is lower than the LDL. You could be experiencing a cholesterol problem due to various reasons, but your diet plays a major role. If you consume too much trans fat and saturated fat, it will result in high cholesterol.
Other factors that may play a role in causing high cholesterol in the body are your being inactive or overweight, since that will bring your HDL levels down. You may also have a family history of suffering from high cholesterol, but your age also plays a role. It is only after you get above the of 20 do your cholesterol levels start to increase rapidly.
You will be asked to take a blood test, known as lipid panel, to find out if you have high cholesterol. The test will measure that fats in your blood, and determine LDL and HDL levels. If your LDL cholesterol levels are above 190, it is considered high, and the higher the number is the more you are at risk.
HDL cholesterol that is below 40, shows an increased risk for stroke or coronary artery disease. If the reading is above 60, you won’t have to worry about heart diseases. Even if you do suffer from high cholesterol, it is nothing to be alarmed about, because you can treat it with different medications, and even make changes to your lifestyle.
Consuming a diet rich in vegetables, fruits, whole grains, fish, and low-fat dairy foods is recommended, as is working out regularly and maintaining a healthy body weight. If you are a smoker, you may need to quit as soon as possible, because smoking and high cholesterol together are extremely bad for you.
Every life insurance company has its own way of assessing cholesterol, but most will look at two things:
After getting the numbers of both, they can determine whether you are in good health, which will impact on you qualifying for life coverage. The standards for assessing risk and cholesterol levels varies from company to company, but there are generalizations about those who will find it hard to qualify.
You will be asked a lot of questions related to your age and health from the insurance company, and your answers will determine whether you qualify for insurance.
It is a given that every insurance company will conduct a thorough review of your health before qualifying you for life insurance. It is important to note that they won’t only be looking at your cholesterol levels when checking your health, but will be looking at the following as well:
Worth repeating…the above are guidelines, however, it is possible to negotiate with some underwriters and “trade” a lower ratio for a credit against higher total cholesterol.
Just because you fall right outside a specific number or range doesn’t mean you are locked in. This is where an experienced independent broker can fight for you with their knowledge of the industry. Your piggy bank $ will thank you!
When buying life insurance with high cholesterol, it’s extremely important that you work with an independent agent like JRC to shop the market and compare rates from different carriers. Larger insurance companies are often far less lenient with applicants who have high cholesterol than smaller but equally reputable companies.