How Having High Cholesterol Can Affect Your Life Insurance Rate

For those who are planning to apply for a life insurance policy but are diagnosed with a high cholesterol level, this is for you.

Cases of high cholesterol have become widespread nowadays all over the world. In the United States alone, 33.5 percent of Americans have high levels of LDL or low-density lipoprotein, also known as the “bad” cholesterol. As such, the risk of heart disease is at an all-time high for all those 71 million Americans who have high cholesterol.

Given this unfortunate situation, those who are diagnosed with a high level of cholesterol but still want to apply for a life insurance are up for huge challenge. Find out how your medical condition can affect your policy and ultimately, your life.

Understanding High Cholesterol

Regardless of if you are physically fit enough for a reasonable life insurance policy, you still need your health checked as part of your life insurance policy application. Basically, this procedure gives insurance companies enough information to find out whether they would be willing to take the risk on you or not. They need to determine if you can live long enough to pay the policy premium up to maturity.

As part of the health examination required in your application, you need to undergo a blood cholesterol test. This test reveals if your cholesterol is high enough that it increases your risk of contracting any serious, life-endangering disease.


Having a high blood cholesterol level paves the way for you toward getting heart diseases, which is one of the leading causes of death in the United States. In fact, those who have high cholesterol are twice as likely to acquire heart disease as compared to those with a regular cholesterol level.

Whatever results come up, it affects various elements of your life insurance. Primarily, your cholesterol test results would reflect the amount of the claim you can get as your benefit and how much your premium would be to necessary keep the insurance policy enforced.

High Cholesterol vs. Life Insurance

Specifically speaking, when you undergo a cholesterol level test as part of your life insurance policy application, what insurance companies look at is your total cholesterol level. This includes LDL cholesterol, HDL cholesterol, and very low density cholesterol (VLDL). This information is important in determining the rates for your life insurance.

In order to qualify for the best rates for any policy, companies like Big Lou would want to see your total cholesterol level below 200-220 mg/dL and a ratio of total cholesterol/HDL at 5.0 or below. In some cases, if you do not initially meet the required level, you are allowed to take prescription drugs to make sure that you do keep your cholesterol levels controlled.


On the other hand, there are other companies that look at your cholesterol level prior to any medicine and base their decisions on the results of the premedication test. This is probably because only 1 out of every 3 adults with high LDL cholesterol can actually get their condition under control.

Then again, if your cholesterol levels go a little bit over the standard levels, you can still get a policy but at a different rate. Now, if your cholesterol level goes far beyond the acceptable rate even after taking in necessary medicine, you might still get approved. However, you might get the policy at a much higher rate, sometimes reaching up to 50 percent more than the regular rate.

Of course, if your test shows a critically unacceptable result (i.e. cholesterol level above 400), your life insurance application may just be rejected completely.

At the end of the day, the approval of your policy application it really depends on the company that wants to help with your desire to be insured. Keep in mind that the insurance industry is all about risk. The riskier you are for the company, the more likely you might be disqualified for the policy.

Tips on How to Get Life Insurance for Seniors

Life insurance is important, but not everyone knows that.

As you get older and start your family or get married, it looms larger and larger in importance. It can be a safeguard for the people in your life so that they can feel secure no matter what. It can give you piece of mind know that if anything happens, your family will be covered.

You may be a late bloomer when it comes to understanding life insurance. You may even be one of those people who thought having life insurance is unnecessary.

Despite your delayed realization on what you’ve been missing all these years, it is never too late. You can still get a life insurance and feel protected. Then again, because of your delay, there are certain factors that you need to take into consideration in terms of what you can still get from your insurance.

Senior couple with financial adviser. Isolated on white background.

In any case, it is always a good decision to step up, take control of your life and get your own life insurance. Follow these two tips to put yourself on the path to get there.

Get it the Traditional way

Depending on certain key factors, you can still get a life insurance policy from a good number of insurance providers even though you are a senior. Luckily for you, there are certain policy regulation boundaries that can still allow you to apply and be covered by a suitable insurance plan.

One of the most critical factors will be your age. There are companies that still cater to clients up to 65 years old. As long as you pass the other requirements, you can still apply for a policy and be covered for life. However, since the claims for any life insurance policy are primarily based on the length of time that you have kept the policy enforced, you might get benefits that are relatively lesser when compared to the benefits of those who have been insured much longer.

Now, if you passed the age criteria, you also need to make sure that you are in good health. Just like anyone applying for a life insurance policy, you need be in tip-top shape to be given a policy that maturity enough to be worth it in the long-term.

There is a variety of options for you if you plan on going through the regular route of getting insured. Do your research and talk to a financial adviser who can help you know more about insurance products that fits your needs, wants, and your place in life. 

Go for GUL

Surprisingly, there are lots of people aged 60 and older who are on their way right now to get themselves insured. Some have had term insurance or have been part of a group insurance in their previous occupations. Whether the policy has expired or they have left their company thus effectively losing their slot in a group insurance, some people may need a new plan to stay insured.

However, if you are a senior and you want to continue on with your insurance, you would either need to pay more or have your application denied.

This is where GUL comes in. Guaranteed Universal Life Insurance or GUL is like a term insurance but has the far reaching benefits similar to whole life insurance. It is a policy option that is designed to last you a lifetime.


With GULs, policies are set to specific ages. For example, if you set it to age 90, the plan is effective up until you are 90. Now, if you set the age to 100, an age that has a likelihood of paying out a death benefit, you are practically getting the benefit of a whole life insurance.

Also, this insurance product has a fixed premium rate throughout the life of the policy. This makes it a cheaper option for seniors. However, despite of the relatively lesser cost, the insurance benefit goes beyond that of a regular plan applied at ages 60 and above.

Just like any other policies, it is better to know more about GULs’ ins and outs. If you feel that this is the best option for you, contact your local insurance advisor and learn more what makes this product a viable option to a lot of seniors world-wide.

Life Insurance Hacks: Basic Tips to Get the Cheapest Premium

Getting Life Insurance can be expensive. An insurance premium can often cost you more than what you can get for term life insurance, and it could prove to be pretty bothersome at times. However, it doesn’t have to be. There are ways for you to get the most out of an insurance deal, and you won’t need to be buying expensive premiums just to get a good deal.

Here are some tips for you to get the best Life Insurance available:

Considering Term Life Insurance Policies

As the name implies, Term Insurance policies provide protection for a specific period of time and generally pay a benefit only if the insured passes away during the “term.” Term periods typically range from one year to 30 years, with 20 years being the most common term.

One of the biggest advantages of term insurance is its lower initial cost in comparison to permanent insurance. Term Insurance is generally cheaper because you’re generally just paying for the death benefit – the lump sum payment the beneficiaries may receive upon the death of the insured, provided that it happened within term of the policy. As with most permanent policies, your premiums help fund the death benefit and can accumulate cash value.

couple discussing insurance

Term insurance is often a good choice for people in their family-formation years, especially if they’re on a tight budget, because it allows them to buy high levels of coverage when the need for protection is often greatest. Term insurance is also a good option for covering needs that may disappear in time. For instance, if paying for college is a major financial concern but you’re pretty sure that you won’t need life insurance coverage after the kids graduate, then it might make more sense to buy a term policy during your children’s college years.

Also, you can always just renew your Term Insurance if – which is the best case scenario – nothing bad happens to you during the “term”.

Get More than One Quote

The two most basic keys to getting cheap Life Insurance is to focus on getting a Term Life Insurance policy, and to get quotes from multiple providers. So, shop around!

Life Insurance is basically a purchase. Just like most purchasing decisions, finding many options can give you an edge. Most people don’t bother obtaining multiple quotes because it’s time-consuming. It could be an arduous task, but surely it would be better to spend more time before closing a Life Insurance deal than to regret your impulsive choices.

With today’s technology, there are now ways to go about the time-consuming aspect of finding multiple quotes for your Life Insurance policy. For example, using an online life insurance quote tool is the quickest way to get quotes from several reputable insurers at one time.

Avoid Riders and Additional Insurance

Riders are the supplementary benefits added in the primary life insurance policy purchased by the insured. These are the additional covers offered to the insured with the main policy so that the insured can get additional benefits under the single plan. Although they are nifty by nature, these riders entail additional costs to the insured in the form of increased premiums.

happy family

If your goal is to find the cheapest insurance possible, the best course of action is for you to say no to any add-on insurance or policy riders. Examples of these add-ons include the option to purchase child policies or more insurance at a future date without going through the medical exam process again.

Then again, there are “good” riders that can be beneficial in the end. Riders can be purchased to accelerate your death benefit and pay you out for medical expenses if you have a terminal illness but haven’t passed away yet. Term conversion is another rider that allows you the option of converting your Term policy to a Permanent (whole life) policy.

By the end of the day, you have to choose your coverage wisely. If you need coverage for your kids, then it’s totally fine to pay for the extra fee – but make sure that you actually “need” these coverage. Also, if you’re someone who is on the fence between term and whole life coverage, the Term Conversion Rider can give you that option for a few additional dollars per month.

Check your Lifestyle

For most Life Insurance Policies which are taken out over an agreed period or term, your premiums are based on a number of factors. When you apply for Life Insurance, your insurance company assesses certain criteria and details about you and your lifestyle in order to determine the cost of your premiums, and whether or not they would accept your application based on what you tell them.

insurance agent

This is one of the few insurance products that have the price tailored specifically to you, and your provider takes into consideration some or all of the following:

  • Age: Here’s a general Life Insurance rule of thumb: The younger you are, the better health you’re likely to be in, so getting a life insurance early on can mean lower premiums. Put simply, the younger you are when applying for insurance, the cheaper it could be.
  • Health and weight: If you are classed as overweight or obese based on a height-to-weight ratio measurement, you may pay more for your policy. This is because your insurance company could assume that if you are overweight, you are more likely to suffer from weight-related health problems.
  • Medical history: Most life insurance policies are medically underwritten, thus, you have to provide information about your immediate relatives’ medical history. Your insurance company, however, do pay particular attention to your medical history. Also, watch other small details – cholesterol levels can affect your rates, as insurers often give relatively more expensive premiums to those with already high cholesterol levels.
  • Occupation: Some professions carry a greater risk because of their day-to-day duties, so you might find that this impacts the cost of your insurance. A fireman, for example, is likely to pay higher premiums than an office worker.
  • Lifestyle: You can be asked to provide details of any habits or hobbies that play a regular role in your life. Frequent smoking and drinking are likely to increase your insurance rates because of the toll they can take on your health. Certain high risk pastimes could also affect your premiums, including sky diving, mountaineering, and motor sports, among other extreme sports.

Get in on a Group Policy or Bundle your Policy

Most of the corporate benefit programs nowadays offer Life Insurance that doesn’t require a physical exam or for you to undergo any medical tests. While the amount you can take out is often limited, it is a way to get some coverage if you feel that you are currently unfit or fear that you are unable to afford the premium by yourself. Becoming a member of an association or organization can often get access to a group life insurance policy in many cases.

more happy family

Also, another way to receive discounts on your quoted life insurance rate is to bundle coverage with your car, home, or other insurance. Large-scale insurers now have features that can be fairly cheap in the long run because they give you the most options to bundle. A good strategy to maximize your bundled discounts is to review all of your insurance at the same time and pick the company that can give you the best deal for switching.

Getting life insurance doesn’t need to be a tall order for anyone. If you follow these tips, surely you can reduce your life insurance premium costs and live a more comfortable and secured life.