There is a lot to consider when it comes to purchasing life insurance, both for you and for the company that underwrites your insurance policy.
As the company decides whether or not to accept you and how much your premiums and policy will be, one of the key players is blood pressure.
To further complicate the process, each company will assess issues like high blood pressure differently, which affects your rates and access to coverage.
Some insurance companies have stricter medical underwriting, and those companies will turn out higher rates.
If you’re worried about the kinds of rates you will be expected to pay towards your policy because of your blood pressure, don’t worry!
Because it’s possible to get affordable life insurance protection.
Why High Blood Pressure Can Affect Premium Rates
While many people may not think that high blood pressure is a “big deal,” it can actually lead to some very serious health issues. This is one reason why high blood pressure can have such an effect on the premium rates for life insurance coverage.
Just some of the criteria that a life insurance carrier will consider as reasons for including high blood pressure as being a risk include the following:
- A contributing factor in heart disease
- It is potentially a cause in hardening of the arteries
- Can negatively impact a person’s eyesight, as it can harden the blood vessels that surround the eyes – in turn, leading to difficulty in one’s sight
- Can have a negative effect on an individual’s circulation in the kidneys
- Over a period of time, the hardening of an individual’s arteries may also be a leading factor in the cause of stroke.
Do All Life Insurance Companies Rate Applicants the Same?
A life insurance companies use certain guidelines when reviewing an applicant’s health condition, not all of the companies’ guidelines are identical.
With this in mind, the actual life insurance company that you apply for coverage with could largely affect whether or not you are accepted for a policy, as well as what your policy rating will be if you are accepted.
For example, an applicant may be accepted as a Standard policy rating at one particular life insurance carrier – and that individual could get accepted as a Preferred policy rating at another insurer. Therefore, it makes sense to “shop” and compare several different insurance companies and premium quotes before you make the call as to which insurer you will apply for coverage through.
Once you apply, the insurance company’s underwriter will probably ask you for additional information so that they can obtain a better idea of your overall health condition.
In order to do this, they will present you with some of the questions below:
- How old were you upon the initial diagnosis?
- What, if any, medication are you taking to treat the condition?
- If you take medication what is the dosage? Has the amount of the dosage increased over time?
- If you take medication, when were you initially prescribed this medication?
- If you take medication, does the medication work to control your condition?
- Have you taken other positive steps to help control your high blood pressure like a healthy diet and physical exercise?
- Do you have any type of heart problems?
You ca nalso anticipate that the underwriter will request to see updated blood pressure readings to see the depths of your condition.
What Are Your Chances of Getting Life Insurance with High Blood Pressure?
All life insurance companies will differ in how they treat applicants.
There are some that may offer applicants the very best possible rates, provided that the individual takes medication and the individual is in great health aside from their high blood pressure.
Other insurers may penalize the very same applicant for simply taking medication.
In some instances, the age of the applicant may also play a role in the underwriter’s decision. For example, some carriers may allow an older applicant to have a higher blood pressure reading and still qualify for a better rate.
How Much Will Your Coverage Cost?
Having high blood pressure may or may impact how much you spend on your insurance policy.
For instance, if you are taking medicine that is successfully controlling your condition – and you are otherwise in excellent health – you might be able to obtain coverage and be charged the best premium rates.
But if your lifestyle choices impact your health, such as being a smoker and seeking life insurance, this factor would increase your premium rates.
In other cases, however, a life insurance company may opt to charge an applicant a higher amount of premium simply because the individual has high blood pressure – which could, in turn, lead to other health issues in the future.
There are also some instances where an applicant will have high blood pressure alongside conditions like diabetes or high cholesterol.
In these cases, you should partner with a life insurance expert who focuses on “higher risk” cases.
These specialists will know how to best proceed in moving your application through the process.
Oftentimes, these applications will require additional information that can help the applicant to successfully move through underwriting.
Alternatively, the applicant may wish to apply using a simplified issue, which entails applying for a policy that will not require a medical examination in order to qualify.
Your simplified issue life insurance policy is probably going to cost you more than a policy that goes through traditional underwriting (i.e., one requiring a medical exam in order to qualify), in some instances, it may be the only way to obtain the coverage that an applicant needs.
Regardless of the situation, we’ll get you on track to reaching your goals, as we work with applicants who are in a wide variety of different health-related situations and who have many different types of life insurance coverage needs.
In fact, placing such policies are not a big deal, as we know which insurers are more apt to cover applicants with various types of health conditions.
The Best Way of Buying Life Insurance
Although you could go about applying for a policy in the more traditional manner and undergoing a full medical exam, in many cases it makes sense to forgo this and to apply for coverage through a simplified issue policy.
In doing so, you would get to skip the medical exam – including the providing of a blood sample and also a urine sample.
This will eliminate the possibility of the life insurance underwriter discovering that you have high blood sugar, high blood pressure, and/or disconcerting cholesterol, which could, in turn, lead to a Substandard policy rating and an increase in premium rates for your coverage.
There are a couple of advantages and disadvantages of these policies that you need to be privy to when you are looking for your policy.
With a simplified issue plan, your coverage amount is restricted.
For example, with most companies, you can only buy around $250,000 which doesn’t always cut it.
Having an insufficient amount of life insurance protection would leave your family with additional bills and expenses.
One of the advantages of these policies is the ability to get approved for coverage must faster than you can with a traditional policy.
With one of these simplified issue, you can be approved in a matter of days.
With a traditional plan, you can wait up to a month to get that protection.
How and Where to Find the Best Life Insurance
Now that you know the basics of getting life insurance with high blood pressure, let’s get started.
With our wide range of independent brokers and the best insurance providers around, we’ll help you get the coverage you need.
Not only will we point you towards good coverage, but also more information. If you still have questions about how life insurance works, premiums, and types of polices, you can contact us. We’ll provide you with quick, comprehensive information to accompany you as you shop for insurance rates.
We’ll also assist you in narrowing down the type of policy that best suits your specific needs – whether it is a term insurance policy, whole life, or universal coverage.
This step is important, as each of these types of coverage can serve different types of coverage requirements.
No need to make an appointment and leave home. From the comfort of your couch, you can get top-notch assistance with your life insurance questions.
Likewise, we can also help you in determining how big of a policy you should buy to protect those you love.
If the unexpected were to occur, you don’t want to leave your survivors with too little financial protection.
Items that should be considered include income replacement, debt obligations, and the cost of final expenses.
In addition, we will also help you to locate the life insurance carrier that will best fit your specific needs and not necessarily lump you into a high-risk classification.
This includes coming up with a premium price that can be worked into your life insurance budget.
Buying life insurance doesn’t have to be difficult, not when you have the right tools to succeed.
If you’d like to get started today, we’ll help you select the amount of protection for your needs and budget; all we need from you is a little information about your situation, which you can fill out on this page.
If you’re looking for quotes, or even if you’re still completely unsure of what you need, don’t hesitate to call our toll-free number: 888-229-7522.
Our team of insurance professionals will answer your questions quickly so you can make an informed decision for your family.
We look forward to hearing from you!