Insuring yourself against the loss of your life is not impossible due to your high cholesterol. It does, however, make things more complicated. There are a number of important factors that determine whether coverage will be approved or declined:
● Cholesterol numbers specific to you
● Applying to a company
● Coverage type you want
● The age and health of you
Getting affordable life insurance with high cholesterol is easier when you know how to find it.
Getting started:Body cells contain cholesterol, which is a waxy substance that plays an essential role in life. Cells, hormones, and vitamin D are largely dependent on this molecule.
Cholesterol is made in the liver and derived from certain foods, such as animal products. When you apply for life insurance, lab tests can reveal high cholesterol.
The fact that you have high cholesterol and are looking for life insurance does not mean you cannot secure coverage.
Managing high cholesterol:Some specific information will be required by life insurance companies. Preparation makes the application process less likely to throw you off.
The following are typical questions that underwriters (who assess the risk) ask when assessing traditional life insurance.
1. When were you diagnosed?Underwriters are interested in dates on the calendar. Provide the date of your diagnosis and your current age.
Depending on your age, some carriers may leniently measure cholesterol as you age (often after age 60).
Remember - if you are an older person, you may want to examine no exam life insurance for seniors, as your needs and options will change.
2. Do you have high cholesterol levels?The HDL ratio is used by most life insurance companies to determine your health class.
Take the following example into consideration. However, a company's acceptable ratio will vary.
For life insurance, the HDL ratio is:In As well, there are usually limits on total cholesterol. There are some carriers that allow a maximum of 300 total messages with a minimum of 120.
Your carrier may require your physician to provide a statement regarding your cholesterol readings, called an Attending Physician's Statement (APS).
3. What is your treatment plan?If your doctor has prescribed lifestyle modifications and/or other treatments for your elevated cholesterol levels, you are likely already following them.
Share the following information:
● Reducing stress
● Modifying your diet
● Medical care
4. What medications do you take? Most commonly used medications won't result in too much of a penalty. It is common for statins to be prescribed all the time, and your doctor will certainly consider prescribing them to treat your condition if he or she considers it necessary.
5. Have you ever been hospitalized or suffered from a major medical condition? Additional medical problems are often preceded by high cholesterol. You will need to disclose if you have recently undergone major surgery or experienced a medical emergency.
Associated with hospitalizations, it is left untreated:
● An event of cardiac nature
● The stroke
6. How are you feeling overall? High cholesterol is caused by a number of lifestyle and health factors. Underwriters are responsible for evaluating risk.
You are less likely to be approved for traditional coverage if you have concerns about your health.
Prepare questions related to:
● Having a smoking habit
● Overweight people
● Drunkenness and alcoholism
● Depression history
Always remember - honesty is the best policy. Databases are checked by underwriters. Trying to deceive them can jeopardize your coverage.
7. Has the family experienced any health problems in the past? Do you have a family history of high cholesterol? Do you have a family history of other serious diseases, such as cancer?
An insurance company may ask whether one of your close blood relatives (such as your parents or siblings) has been diagnosed with a heart disease or another condition before the age of 60.
When you want life insurance coverage: When you have high cholesterol, you need to do two things to obtain life insurance coverage.
Gathering information about your health is the first step. Your physician should be notified about your health history.
Second, independent agents are best. Why? To find the best policy for yourself, you will need access to multiple carriers.
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