Obtaining life insurance with high cholesterol isn’t as complicated as you think. Cholesterol levels are an integral part of a healthy system and also a key standard used by insurance underwriters to determine the rate you pay for life insurance policy.
However, high cholesterol is a major concern since it can cause severe health problems such as stroke or heart attack. Many people looking for life insurance have some medical condition or other, however, if you have been able to manage your cholesterol ailment or it appears somewhat steady, getting life insurance should be relatively effortless.
You can increase your possibility of being approved for the best rating class with the most affordable premium possible. The information below will offer you an introduction to getting life insurance with cholesterol, its influence on rates and some helpful tips on ways to boost your chances of getting the very best insurance rate.
About High Cholesterol
According to the CDC Cholesterol is a waxy, fat-like substance that travels through the blood on proteins called lipoproteins. It comes from two sources:
- It’s made by your body and used to do important things, like make hormones and digest fatty foods.
- It’s found in many foods, like egg yolks, fatty meats, and regular cheese.
When your body has too much cholesterol, it can build up on the walls of your blood vessels. These deposits are called plaque. As your blood vessels build up plaque deposits over time, the inside of the vessels narrow and allows less blood to flow through to your heart and other organs. When plaque buildup totally blocks a coronary artery carrying blood to the heart, it causes a heart attack. Another cause of heart attack is when a plaque deposit bursts and releases a clot in a coronary artery.
High Cholesterol and Life Insurance Rates
Life insurance carriers consider high cholesterol a significant sign of potential future heart disease and will, therefore, convey a large emphasis on cholesterol numbers. Cholesterol levels are a part of just about every carrier’s underwriting guidelines.
These guidelines are used to classify your underwriting health category which determines your actual rate for life insurance. Life insurance companies utilize two primary measures of cholesterol levels to gauge long-term risk: total cholesterol and the cholesterol/HDL ratio.
- Total Cholesterol consists of LDL cholesterol, HDL cholesterol, and VLDL cholesterol (very low-density lipoproteins. An ideal level of total cholesterol is less than 200 mg/dL.
- The cholesterol ratio is a calculation of the total cholesterol divided by the HDL cholesterol. It is used by life insurance companies to evaluate the possibility of heart disease. A healthy cholesterol/HDL ratio is 5.0 or less. Generally speaking, the lower the ratio, the lower the chance of heart disease.
- The majority of carriers will offer a preferred plus rate if total cholesterol is less than 200- 220 mg/dL and the cholesterol ratio is less than 5.0.
- Many carriers will offer a preferred rate if the total cholesterol level is less than 250 mg/dL and the cholesterol/HDL ratio is less than 6.0.
- Most carriers will offer a standard plus rate if total cholesterol is less than 280 mg/dL with a cholesterol/HDL ratio of 7.0 or lower.
- A total cholesterol of 300-350 mg/dL or less with a cholesterol/HDL ratio of 8.0 or less will probably lead to standard rates with most carriers.
- If your cholesterol level is greater than 350 mg/DL and your cholesterol/HDL level exceeds 9.0 you would pay a rate that is at least 50% more than the standard health rate.
- If total cholesterol is higher than 400 mg/DL or your ratio exceeds 10.0 there is a good probability of being postponed or declined for life insurance.
The Underwriter will Ask The Following
- Your current age
- Your weight
- If you are on any medications, and if so what kinds
- How long you have had high cholesterol
- Your age at the time of diagnosis
- Whether you are a tobacco user
- Any other medical conditions present
If you are seeking for life insurance with high cholesterol, an essential thing you could do is to follow your Dr. recommendations and manage the ailment via medication or lifestyle changes. If you can show evidence that you are, you might get the best rate. Life insurance carriers are apprehensive that those with high cholesterol are taking the proper measures to keep it under control.
A significant point to be aware is that every life insurance carrier has its independent set of underwriting considerations used to analyze the risk of any health conditions such as high cholesterol, high blood pressure, stroke among others. Some companies permit their best health class for cholesterol treatment with prescription drugs while some will not.
What’s more, some companies will have more positive cholesterol levels limits for their particular preferred rate classes. The bottom line is to know which carriers will treat you most favorably based on your unique scenarios. So if you are looking for life insurance with high cholesterol, you can either apply with all the companies out there and see who offers you the best rate or consult with a broker who knows which carrier has the best chance to approve you with the best rate.