If we have established anything over the past 500+ posts in this blog, it’s that no two life insurance companies underwrite exactly the same. Cholesterol and cholesterol ratios (total/hdl) are carefully viewed in the labwork done for life insurance. Because of the perceived risk of high cholesterol and/or low hdl, benchmarks are set whereby the rates change in conjunction with less favorable results. A few examples illustrate how different companies view this issue.
1. American General – Preferred plus Cholesterol: If HDL < or = to 5.0, 205
If HDL < or = to 4.5, 240 – Preferred If HDL < or = to 6.0, 235
If HDL < or = to 5.5, 260 – Standard plus If HDL < or = to 7.0, 250
If HDL < or = to 6.5, 280 – Standard If HDL >7.0, 250 If HDL >6.5, 280
2. Banner Life – Preferred plus Cholesterol: Levels may not exceed 220; CHOL/HDL may not exceed 5.0 – Preferred Level may not exceed 250; CHOL/HDL Ratio may not exceed 6.0 – Standard plus Level may not exceed 280; CHOL/HDL Ratio may not exceed 7.0 – Standard Level may not exceed 300; CHOL/HDL Ratio may not exceed 8.0
3. Genworth Life and Annuity – Preferred Best Cholesterol (treated or untreated): Maximum cholesterol 240; Cholesterol/HDL ratio cannot exceed 5.0 – Preferred Maximum cholesterol 270; Cholesterol/HDL ratio cannot exceed 6.0 – Select (standard plus) Maximum cholesterol 285; Cholesterol/HDL ratio cannot exceed 7.0 – StandardMaximum cholesterol 300; Cholesterol/HDL ratio cannot exceed 8.0
Bottom line. Three leading life insurance companies with three different views on the issue. I believes this lends some credence to the idea that it really does take an experienced independent agent to find the best rates.
My 20 years of experience give me the knowledge and leverage to find reasonably-priced life insurance for people who have been declined or are paying more than they need to.
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