Another factor life insurance companies consider when underwriting a life insurance policy is your cholesterol.
Mainly because elevated cholesterol can often be an indicator of an applicant’s potential future risk of coronary artery disease. Since, the cholesterol levels vary with each insurance carrier, it is beneficial to know how your levels fit into each companies published cholesterol guidelines.
These guidelines are used to categorize which underwriting rate class you will obtain and your related cost for life insurance.
Unlike, the underwriting guidelines for getting life insurance with hypertension, medications are acceptable for treated cholesterol with all rate classes as long as your numbers fall within the published limits.
The key to finding the lowest rates with elevated cholesterol is choosing a company on our Life Insurance Calculator with liberal cholesterol levels.
Life Insurance with High Cholesterol Levels
Total cholesterol – Total cholesterol consists of LDL cholesterol, HDL cholesterol, and VLDL cholesterol. A desirable level of total cholesterol is less than 200 mg/dL.
Cholesterol/HDL ratio –Your cholesterol/HDl ratio is made up of LDL cholesterol, HDL cholesterol, and VLDL cholestrol. A normal cholesterol/HDL ratio is 5.0 or less.
High Cholesterol Rate Classifications:
- Preferred Plus Rate Many companies will offer their best health class, if total cholesterol is less than 230 mg/dL and the cholesterol ratio is less than 5.0.
- Preferred Rate Life insurance companies will offer their second best class, if the total cholesterol level is less than 260 mg/dL and the cholesterol/HDL ratio is less than 6.0.
- Standard Plus Rate Most insurance companies will offer their third best class, if total cholesterol is less than 200 mg/dL with a cholesterol/HDL ratio of 7.0 or lower.
- Standard rates A total cholesterol level of 300-350 mg/dL or less with a cholesterol/HDL ratio of 8.0 or less will likely result in standard rates with most companies.
When applying for life insurance with a high cholesterol try to fully disclose your treatment and type of diagnosis to your agent.
There are companies in the insurance industry which list more liberal underwriting guidelines for cholesterol treatment. A few of the companies we currently utilize are for cholesterol treatment are as follows:
Life insurance companies prefer you take medication to keep your cholesterol levels under good control. These companies often offer preferred plus rates to applicants, who otherwise would be rated with a higher rate class with other life insurance carries.
Types of Life Insurance
Term Life Insurance
Term life offers guaranteed death benefits and level premiums for an initial period such as 10, 15, 20, or even 30 years. Term life insurance is a good selection for coverage for applicants looking to obtain the largest amount of insurance at the cheapest cost.
Return of Premium Term (ROP)
This is term life insurance that guarantees the return of all of your premiums at the end of your term. With ROP term, if you are still living at the end of the term period, 100% of your paid premiums are guaranteed to be returned to you tax free.
Universal Life Insurance
This is a form of permanent life insurance which can behaves similar to term coverage with the premium and death benefit guaranteed to a specific age. Guaranteed universal life insurance has a accumulation component with a tax deferred savings growth along with lifetime coverage
If you have high cholesterol, you should contact an independent agent who can evaluate your specific case and see which carrier can offer you the lowest price based on your specific cholesterol numbers. Please call us to evaluate your unique situation at 1-877-249-1358.