Cholesterol and Life Insurance: Understanding the Connection
Life insurance is a crucial financial tool that provides financial protection to your loved ones in case of your unexpected death. When applying for life insurance, insurance companies evaluate various factors to determine the premium you need to pay. One of these factors is Cholesterol, which plays a significant role in determining the cost of your life insurance policy.
Cholesterol and Life Insurance
Cholesterol is a common health condition that affects millions of people worldwide. If left untreated, you can develop fatty deposits in your blood vessels. Eventually, these deposits grow, making it difficult for enough blood to flow through your arteries. Sometimes, those deposits can break suddenly and form a clot that causes a heart attack or stroke. Insurance companies consider Cholesterol as a risk factor, and hence, individuals with uncontrolled Cholesterol are likely to pay higher premiums for their life insurance policies.
Factors that Affect Life Insurance Premiums for Cholesterol Patients
- Severity of Cholesterol: The severity of Cholesterol is a significant factor that affects life insurance premiums. Individuals with severe Cholesterol are likely to pay higher premiums compared to those with mild Cholesterol.
- Control of Cholesterol: Insurance companies also consider the control of Cholesterol while determining the cost of life insurance. Individuals who have their Cholesterol under control through medication and lifestyle changes are likely to NOT have any increase in premium compared to those who have uncontrolled Cholesterol.
- Other Health Conditions: Insurance companies also consider other health conditions that an individual might have along with Cholesterol. For example, individuals with diabetes and High Blood Pressure are likely to pay higher premiums compared to those with Cholesterol alone.
Tips to Lower Life Insurance Premiums for Cholesterol Patients
- Get Treated: The first step to lower life insurance premiums for Cholesterol patients is to get treated. Visit a doctor and get your Cholesterol under control through medication and lifestyle changes. Cholesterol that is under control will not lead to any increase in premiums.
- Maintain a Healthy Lifestyle: Maintaining a healthy lifestyle, such as regular exercise, a healthy diet, and stress management, can help lower Cholesterol and reduce the risk of related health problems.
- Shop Around: Rather than dealing with one company direct. Maybe use an independent broker like Low Cost Life Cover who can shop the whole market and find you the best deal.
In conclusion, Cholesterol plays a role in determining the cost of your life insurance policy. Individuals with high uncontrolled Cholesterol are likely to pay higher premiums, but they can lower their premiums by getting treated, maintaining a healthy lifestyle, and shopping around for the best deal. For individuals with controlled Cholesterol through medication or lifestyle won’t see any increase in premiums and would be accepted at normal rates.
Low Cost Life Cover is an independent broker with agencies with all the major insurners Zurich, Royal London Ireland, Irish Life, Aviva and New Ireland. It is our job to provide you with the best independent advice that is the most suitable for your needs. I would be happy to discuss your individual needs if you have any questions give me a call 01 6853818, I’m from Donegal I love to talk!