Qualifying for life insurance with high cholesterol levels is possible. With proper research and talking to the right professionals, you can save lots of money. If you are reading this post because you are one of those who despite having health issues are looking for ways to protect their families in case of an unfortunate event, then you are at the right place.
Having high cholesterol can increase your likelihood of having a heart attack, heart disease, or stroke. Naturally, if you have high cholesterol, there are probably some important questions you are going to want to ask your doctor. But there are also some important questions you will want to ask your life insurance provider.
According to recent studies conducted by the CDC, approximately 11% of Americans suffer from having high cholesterol. Though this figure is lower than it was 20 years ago, it still presents a relevant problem that affects many people’s day to day life.
We take a look at how—even if you are one of over 30 million Americans with high cholesterol—life insurance is something that is still well within your reach.
There are many different variables that affect the cost of a life insurance policy. Things such as your age, your desired amount of coverage, and your life insurance provider are all very relevant. Many life insurance policies will also require a detailed medical examination.
Because high cholesterol has a negative effect on your life expectancy, it may cause your monthly life insurance premiums to increase. These increases vary tremendously between different life insurance providers, so it is important to do your research and compare your options. Fortunately, though your rates may be marginally higher due to having high cholesterol, you will very rarely be outright rejected by life insurance companies because of this condition alone.
If you are able to lower your cholesterol back to a normal level at some point in your life, many life insurance providers will reward you by lowering your monthly premiums.
Though life insurance is usually considered to be a relatively straightforward financial asset, it is important to recognize the differences between policies. As for someone getting life insurance with high cholesterol, there are few things that you need to know about each of them:
The type of life insurance policy that is best for you—whether you suffer from high cholesterol or not—will depend on your age and personal financial goals.
For individuals with elevated cholesterol, applying for a guaranteed life insurance policy is often quite appealing due to the lack of a medical exam. However, some individuals believe that the increased premiums associated with having cholesterol issues are already “built-in” to the costs of these policies. If other than having high cholesterol, you are young and healthy, you may be able to find a greater amount of coverage with a more exclusive policy.
Because there are so many variables involved when underwriting a life insurance policy, there is no single policy that can be considered “the best” for everyone. But if you take the time to compare different life insurance providers, compare the various policies offered by these providers, and have a clear outline of your financial goals, you should be able to find a policy that will work for you (regardless of your high cholesterol).
If you have any questions, please feel free to call our life insurance specialists at LifeQuote. 800-521-7873.