Life Insurance for People with High Cholesterol

 
 

You can qualify for life insurance if you have high cholesterol. Not only can you qualify for life insurance, but you can get the highest health ratings from the top insurance companies in the country. Below is a guide on how to qualify for the best life insurance rates when you have high cholesterol. There is a correct way to apply for insurance and an incorrect way. We will break down both below.

Below we will answer three main questions.

  • Why do insurance companies care about your cholesterol?

  • How does high cholesterol affect life insurance rates?

  • What is the best way to apply for life insurance when you have high cholesterol?

Why do life insurance companies care about your cholesterol level?

High cholesterol can be dangerous to your arteries. If untreated, it can cause many health problems, such as stroke, heart attack, or other health problems. Sometimes high cholesterol can be inherited, and sometimes it results from your lifestyle and eating habits. Since high cholesterol, especially untreated, can cause these health problems, life insurance companies use your cholesterol levels to help determine your rating. If you are taking medications for cholesterol, this will help you qualify for life insurance and get the best ratings.

How does high cholesterol affect your life insurance premiums?

To start, let's make sure we understand one thing. Suppose you have a history of high cholesterol but take medication to keep your cholesterol and triglycerides within range. In that case, you can still qualify for the best possible rates and premiums. You can read more here about life insurance companies' ratings and how they affect your premiums.

Life insurance companies use two numbers when assessing your cholesterol.

  1. Total blood cholesterol

  2. HDL "good" cholesterol

You must first find your total cholesterol number to calculate your cholesterol ratio. From there, you can divide this number by your HDL cholesterol number. 

For example, if you have a total cholesterol of 200 mg/dL and an HDL of 50mg/dL, you would have a cholesterol ratio of 4:1. Insurance companies refer to a ratio like this as 4. 

So the insurance company would look at your overall number (200 mg/dL) and your HDL ratio (4). Knowing your total blood cholesterol level and your HDL ratio will help you find the best company for you.

What's the best way to apply for life insurance when you have high cholesterol?

If you have any health conditions, it is generally not a good idea to go online and choose the cheapest company you can find. This is also true if you have high cholesterol, treated or untreated. Each insurance company has its own guidelines for assessing cholesterol. Some companies are very aggressive with their offers, while others are more conservative. Although the rate may seem enticing, you might receive a lower health rating, so your premiums will end up being higher.

For example, three of the best life insurance companies for people with high cholesterol are:

  • AIG (now Corebridge)

  • Lincoln Financial Group

  • National Life

Some of the worst insurance companies for high cholesterol are:

  • American National

  • Foresters

  • Sagicor Life

Life insurance companies use your overall health to determine your premiums. Generally, people with high cholesterol have other health conditions, so consulting with a licensed professional agent can help save you a lot of money. They can direct you to the best insurance companies for your unique situation.

We always recommend using a licensed professional agent to help you find the right companies for your situation. Insurance agents don't cost you any money, especially when applying for term insurance. The rates are the same online as they are with an agent. They can save you a lot more money by pointing you in the right direction.

If you have high cholesterol, it is essential to apply for life insurance as soon as possible. You are the youngest that you are ever going to be right now.  

If your cholesterol is a little out of control, you need to speak with an agent. They might have you apply at a company that allows you to retest later and improve your health rating when your cholesterol improves. Applying now will lock in your rating; from there, it can only improve and never worsen. You can learn more about this here.

If you would like to set up a free 10-minute no-obligation consultation with a professional agent, then click below. You can also request a free quote for your situation below.

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