High Cholesterol Life Insurance? No Problem Or Is It?

I Have High Cholesterol, but That’s Not a Serious Problem When Buying Life Insurance, Is It?



If you’re like many Americans, you probably have high cholesterol. It rarely has any early symptoms, and many people forget about it after an annual blood test — until it’s time to buy life insurance.


Insurers classify high cholesterol, or hyperlipidemia, as a pre-existing condition that can raise your premiums or even prevent you from purchasing insurance. Many Americans are unaware that their high cholesterol is a leading factor in life insurance denials.


If you have high cholesterol now, it can lead to a risk of heart disease and other health problems later. Additionally, when high cholesterol stops you from purchasing affordable term life insurance, it can be a financial burden with far-reaching consequences.


When you’re planning for retirement or providing for your spouse or children, being denied life insurance has a ripple effect that crosses generations. It leaves your family members without crucial financial resources to pay bills, mortgages, and other final expenses.


Luckily, understanding pre-existing conditions like your high cholesterol can be the first step in preparing for the future.

 

High Cholesterol is a Serious Pre-existing Condition

A benign pre-existing condition like high cholesterol can come as a surprise. No one “looks” like they have cholesterol problems and there may be no symptoms. Some physically fit adults are shocked to discover they have elevated lipids. None-the-less, insurance companies treat it as a serious health risk.


According to the Centers for Disease Control, millions of adults like you live with high cholesterol every day. They may never have serious complications, and they control it with diet, exercise, and medication.


If you’ve been diagnosed with high cholesterol as a pre-existing condition, life insurance companies are most concerned about the associated health risks like:

Coronary artery disease

Heart attack

Stroke

High Cholesterol is a Serious Pre-existing Condition

The good news for you is that cholesterol is treatable and many insurers will not automatically exclude you because of it.


To assess your personal risk, insurance companies rely on many individual factors. The most reliable way to find affordable rates and approval is to speak with insurance professionals about your application and let them know that you take high cholesterol as seriously as they do.


Insurance Companies Assess Associated Risks

After you schedule a pre-insurance exam, be prepared to answer a long list of health questions. Insurance companies often consider positive lifestyle choices when assessing your health risks. During the screening process, you may be asked:

Do you exercise regularly?

Is your diet low in saturated fats?

Do you avoid transfats and include high fiber foods in your choices?

Do you smoke?

Are you taking medications to control your cholesterol?

What is your BMI and do you monitor your weight as part of a health regimen?

Is there a family history of related medical conditions?


You may already have high cholesterol, but you can reduce your risk of complications. Explaining how you control your cholesterol may have a significant impact on coverage or premiums.


In addition, insurers will examine related conditions like age, diabetes, hypertension, and liver disease, among others.

Insurance Companies Assess Associated Risks

You Can Still Find Affordable Options

Even if you have a pre-existing condition like high cholesterol, several companies continue to provide financial security and affordable term life insurance options. Before you assume you can’t buy coverage, always ask an agent familiar with insurance guidelines if you can qualify.

Every insurance company has its own acceptance standards and policies regarding pre-existing conditions. Never assume your pre-existing cholesterol diagnosis will prohibit you from providing loved ones with financial security.

I Have High Cholesterol, but That’s Not a Serious Problem When Buying Life Insurance, Is It?
Chris Acker, CLU, ChFC
 

Chris is an independent life insurance broker located in Palo Alto, Ca. He started helping families and businesses build strong financial safety net in 1985. He earned a BA in history from Williams College in 1985. He Earned the CLU designation in 1989 and the ChFC designation in 1991. He is a past board member of the local chapter of the Society of Financial Services Professional. He has been a member of the National Association of Insurance and Financial Advisors since 1985. Chris resides in Palo Alto with his wife, Carol and daughters Rachael and Samantha. In his spare time he is a regular platelet donor for the Stanford Blood Center and actively volunteers for various organizations and alumni groups.

>