Life Insurance Guide For High Cholesterol Individuals

​Do you have high cholesterol like thousands of other people? If you do, then you may be wondering if it has any impact on your life insurance. The good news is that having high cholesterol does not necessarily mean you will be denied coverage. 

However, it does mean that you will likely pay more for your policy. This guide will explain how high cholesterol affects life insurance premiums and tips for reducing your costs.​

Why is high cholesterol important to insurance providers?
A greater total cholesterol-to-HDL proportion might lead to high blood pressure or diabetes, including other health problems. Insurance carriers evaluate your premiums based on your entire medical history. If you have high cholesterol, here's how to get life insurance.

Several life insurance policies need a medical assessment similar to a physical examination, and all insurers review your medical records. Don't cover the fact that you have a history of high cholesterol.

If you're uncertain regarding your current cholesterol levels, consult your doctor for an updated diagnosis before applying for life insurance.

What effect will high cholesterol have on your insurance premiums?
When selecting your premium, even the greatest insurance carriers consider the consequences of covering you. Your life insurance premium should certainly be greater if you are considered a high-risk candidate.

Although a medical test is one component of the underwriting process, insurance providers may also consider your age, medical history, and activities. They consider high cholesterol a risk factor since it puts you at risk for heart disease and stroke, two of the prominent reasons for death in the United States.

Kinds of life insurance for people with high cholesterol
Managing your cholesterol allows you to apply for almost any sort of life insurance coverage, such as:
Term Life
Term life insurance is the most economical life insurance since the premiums are fixed for a defined period, recognized as the "term." It's acquired to address a short-term insurance demand of ten to thirty years, not to endure a lifetime.
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Whole Life
It provides lifelong coverage with fixed rates and steady income value growth. Due to the generally assured payout to your beneficiaries upon death, whole life insurance often costs more than other types of policies. It is also the simplest type of life insurance to apply for high cholesterol because it is costly.

Guaranteed Universal
It is a combination of term and whole life insurance. Also, it does not generate cash value like a whole life policy, but your monthly payments may become lower.

Likewise, Guaranteed Universal Life insurance gives fixed premium costs for the duration of the policy, similar to a term policy. Besides that, unlike term life insurance, GUL plans are set to specify ages ninety, ninety-five, one hundred, one hundred five, one hundred ten, and sometimes even one hundred twenty-one.

Conclusion
Your specific circumstances should determine the quantity of insurance you purchase. You may need enough coverage to handle funeral costs or a current debt, such as a loan. Also, you can choose to replace your revenue by giving money to your families and friends.

At Best Insurance Group, LLC, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (970) 674-5000. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!