Life Insurance with High Cholesterol Levels.
In this article, we wanted to take a moment and try and answer some of the most common questions we get from folks applying for life insurance after having been diagnosed with Hyperlipidemia or High Cholesterol.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Hyperlipidemia or High Cholesterol?
- Why do life insurance companies care if I have been diagnosed with Hyperlipidemia or High Cholesterol?
- What kind of information will the insurance companies ask me or be interested in?
- What rate (or price) can I qualify for?
- What can I do to help ensure that I get the “best life insurance” for me?
So, without further ado, let’s dive right in!
Can I qualify for life insurance if I have been diagnosed with Hyperlipidemia or High Cholesterol?
Yes, individuals who have been diagnosed with high cholesterol can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, they may even be able to qualify for a Preferred rate on a life insurance policy without a medical exam!
The problem is…
That before anyone can be approved for a traditional term or whole life insurance policy after they have been diagnosed High Cholesterol or Hyperlipidemia, most (if not all) of the top rated life insurance companies are going to want to make sure that you are properly treating your condition and that you condition is potentially increasing your risk of suffering from a wide variety of other conditions which can be quite serious even life threatening in some cases!
Why do life insurance companies care if I have been diagnosed with Hyperlipidemia or High Cholesterol?
The main reason why a life insurance company is going to “care” if you have been diagnosed with High Cholesterol is because elevated cholesterol levels is widely believed to be a major contributing factor to heart disease which is currently the number one killer of American’s today.
Which is why…
It only makes sense that if you have been diagnosed with High Cholesterol, most life insurance companies are going to want to learn a little bit more about your diagnosis and how well you are currently managing your cholesterol levels in an effort to reduce your risk of suffering from more serious consequences which could occur.
For this reason…
We want to just take a moment and briefly define a few terms that you’re likely to encounter when discussing “high cholesterol” and also mention a few “risk factors” and potential “complications” that a typical life insurance underwriter will be looking for when making his or her decision about your life insurance application.
Common terms you may encounter:
- Hyperlipidemia is a medical term used to describe an abnormally high concentration of fats or lipids within one’s blood. It is a term used to basically state that your body has too many lipids such as cholesterol or triglycerides in its system.
- Hypercholesterolemia is basically the “fancy” term for high cholesterol. It is a “form” of hyperlipidemia and hyperlipoproteinemia.
- Hyperlipoproteinemia, is common disorder that can cause one to suffer from Hypercholesterolemia or High Cholesterol because this is a condition that is caused by the bodies inability to break down certain lips of fats in one’s body, usually cholesterol and triglycerides.
Potential risk factors for developing High Cholesterol may include:
- Poor diet,
- Tobacco or nicotine use,
- Lack of exercise,
Possible complications of high cholesterol levels may include:
- Coronary heart disease,
- Increased risk of suffering from a heart attack or stroke,
- Carotid artery disease,
Hyperlipidemia and/or High Cholesterol can be treated through a variety of different means. In some cases, individuals may be able to “self-treat” their condition by:
- Losing weight,
- Eating better,
- Quitting smoking,
- Exercising more,
While others may find that they may need the assistance of certain medications such as a:
- Bile-acid-binding resins
- Or a cholesterol absorption inhibitor.
The good news is…
That with the proper care and treatment from a licensed medical professional, many individuals can and often will be able to get the cholesterol levels down to a healthy level which is why even though suffering from high cholesterol levels can be a leading contributor to some pretty serious medical issues, most life insurance companies will still consider someone “potentially” eligible for a Preferred rate even when taking a prescription medication to lower their cholesterol levels.
The reason for this is…
Because these “types” of medications are often very effective at reducing one’s risk of suffering from any serious complications later on in life which is why most life insurance companies look favorably upon anyone who is properly treating their high cholesterol levels proactively!
“Which brings us to an important point that we think we ought to mention.”
If you think you have a medical issue, don’t use the internet to try and diagnose yourself. After all, if you do and your correct, you’re still going to need to see the doctor, and if you’re wrong, the time you spend being your own doctor could really cause great harm to yourself!
Nobody here at IBUSA is medically trained and we’re certainly not doctors. All we ware is a bunch of life insurance agents who just happened to be really good at helping individual find and qualify for the life insurance that they’re looking for. So please don’t mistake any of the medical information that we talk about as medical advice because it’s not!
Trying to “prep” you for what it might be like to apply for a life insurance policy after you have been diagnosed with High Cholesterol… that’s it! Which brings us to our next topic which is…
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked may include:
- When were you first diagnosed with High Cholesterol or Hyperlipidemia?
- Who diagnosed your Hyperlipidemia? A general practitioner or a specialist?
- How are you treating your Hyperlipidemia?
- Do you know why you have developed Hyperlipidemia?
- Have you been diagnosed with any other pre-existing medical conditions?
- Have you been diagnosed with heart disease or diabetes?
- Have you ever suffered form a heart attack or a stroke?
- Have any of your immediate family members (mother, father, brother or sister) ever been diagnosed with heart disease or diabetes?
- Have any of your immediate family members ever suffered from a heart attack or a stroke?
- What is your current height and weight?
- In the past 12 months, have you used any tobacco or nicotine products?
- In the past 2 years, have you been hospitalized for any reason?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
What rate (or price) can I qualify for?
As you can see, there are a lot of factors that can potentially come into play when trying to determine what kind of “rate” you might be able to qualify for. This is why, it’s pretty much impossible to know what kind of “rate” that you might be able to qualify for without first speaking with you for a few minutes.
That said however…
There are a few “assumptions” that we can make about folks applying for a traditional term or whole life insurance policy after they have been diagnosed with High Cholesterol that will “general” hold true and may provide you with a general idea about what kind of rate that you “might” be able to qualify for.
Generally speaking, if you’re hoping to be able to qualify for a Preferred Plus rate you will want to make sure that your cholesterol rates fall somewhere between 200 to 220 mg/dl or below and have a cholesterol/HDL level less than 5.0. For a Preferred rate you should be below 250 with a ratio less than 5.5. And for a Standard rate you should be between 300-350 with a ratio below 8.0.
Which as you can see…
Is actually quite generous in some cases given the fact that if your current cholesterol levels are over 300, your primary care physician probably isn’t going to congratulate you unless this represents a significant decrease from what your levels once were. And that’s exactly where we can run into trouble particularly if there are other pre-existing medical conditions which may be in play that could either be contributing to one’s cholesterol levels or could be directly complications as a result of one’s cholesterol levels!
The good news is…
That regardless of your situation, we here at IBUSA can help because we have tons of experience helping folks with all sorts of pre-existing medical conditions like yours and are committed to helping all of our clients find the “best” life insurance policy that they can qualify for. Which brings us to the last topic that we wanted to take a moment and discuss which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experience here at IBUSA, what we have found that usually the folks who seem to find the “best” life insurance policy for them are those that:
- Take their time reviewing their options.
- Ask a lot of questions.
And seek out those life insurance agents who not only have experience working with individuals who have been diagnosed with a wide variety of pre-existing medical conditions, but also have access to dozens of different life insurance companies so that when it comes time to helping a more “challenging” case, they don’t have to rely on a…
“One size fits all approach!”
The good news is that this is exactly what you’re going to find here at IBUSA!
Now will we be able to help out everyone who has been previously diagnosed with High Cholesterol?
No, probably not. But what we can tell you is that in addition to offering a wide variety of different term and whole life insurance policies, IBUSA has also worked very hard to establish relationships with many of the Best Guaranteed Issue Life Insurance Companies as well so that in the event that someone isn’t able to qualify for a traditional life insurance policy, chances are there may be some other “type” of product that you CAN qualify for.
So, if you’re ready to see what options might be available to you, just give us a call!