Agent, Rural Mutual Insurance Co., Union Grove, WI
As with any other health issue there is a possibility that you will experience a higher rate than someone without that health condition. How much a condition affects your rate is dependent upon the company providing the policy. Life insurance is best purchased at young an age as possible as with each birthday the rate will typically rise. Contact your local agent to have them help direct you to the policy that would would best fit your budget and needs.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Does High Cholesterol effect life insurance rates? Yes, absolutely, High Cholesterol my even prevent you from purchasing life insurance at all. Depending on your score and ratios, high cholesterol will lower the class (rate) that you could receive. Exceptions are made for those who can show a good track record of medicated care that has reduced and controlled cholesterol levels. So treated cholesterol that shows control will not hurt the applicant as much as untreated or high numbers. This situation like high blood pressure, is treated more favorable by underwriters as it shows a history of care about the condition.
Yes, high cholesterol DOES affect life insurance rates. It is important to disclose any and all health issues when applying for life insurance. Sometimes, you can get a slightly better rate if you disclose all issues on the application, rather than trying to hide something. In most cases, these health issues will turn up on physician reports and/or med exams and if you're not honest up front, insurance companies will place you in a lower high-risk bracket that you did not apply for. It is important to remember that not all health issues are "knock outs", especially if they happened some time ago.
High cholesterol can affect life insurance rates, or even cause the policy to be postponed until the applicant finds a way to get his/her cholesterol under control for at least 6 months.
There is a limit on how high your total cholesterol can be, but there is also a limit on high the ratio of your total cholesterol can be to your HDL ("good" cholesterol). If your HDL number is high, some companies will allow your LDL ("bad" cholesterol) number to be a little higher, because the HDL offsets it in your cholesterol ratio.
With fully underwritten life insurance plans that require a paramed exam to collect blood and urine for underwriting, yes high cholesterol will cause you to get a higher premium. How high depends on a few factors such as your cholesterol number as well as triglycerides number. The underwriter will want to know how long it has been elevated, any medications taken and your diet and exercise routines to determine how much of a rate up or table up to charge your premiums.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The presence of high cholesterol in the blood has been linked to reduced longevity. To the extent that is true your new life insurance policy might be “rated.” This is to reflect the increased risk that you present to the insurance company. If you have high cholesterol it will probably be detected whether a paramedical exam is conducted or not. You will find that honest full disclosure will usually give you the best possible rate.
Yes, high cholesterol can definitely affect life insurance rates. Most companies have a range of cholesterol values that they will consider for their preferred rate, their standard rate, and so on. They look at your total cholesterol and/or the ratio of your total cholesterol to your HDL ("good") cholesterol.
If you are on cholesterol medication, you can get preferred rates with most companies. So getting your cholesterol down to a healthy level is not only a good idea for your health, but it will ensure your best life insurance rates, as well.
That is a great question! Many people think that if they have some kind of health issue that it will create a problem when trying to get life insurance. The truth is, for the majority of things like diabetes, high blood pressure and high cholesterol, if it is controlled and there have been no complications, the companies will generally put little weight behind them. Now, if they are issues, and you aren't taking your meds for them, that's an entirely different story. But even then, there are policies that you can get. The bottom line is that you can get insurance with high cholesterol, but much better insurance if you have it, and it's controlled. I hope that helps, thanks for asking!
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There is a limit on how high your total cholesterol can be, but there is also a limit on high the ratio of your total cholesterol can be to your HDL ("good" cholesterol). If your HDL number is high, some companies will allow your LDL ("bad" cholesterol) number to be a little higher, because the HDL offsets it in your cholesterol ratio.
If you are on cholesterol medication, you can get preferred rates with most companies. So getting your cholesterol down to a healthy level is not only a good idea for your health, but it will ensure your best life insurance rates, as well.