It used to be that in order to secure the best life insurance quotes a person needed to be nearly Superman, or slightly better if possible. There was certainly a day not all that long ago when treatment for hypertension or high cholesterol would have bumped you from contention for the best rates.
Life insurance companies today are becoming more tolerant of prescription drug control of cholesterol and high blood pressure because, simply put, they see an obvious improvement in the risk that they are insuring. They would certainly rather reward someone who recognizes a health problem and treats it than someone who doesn’t know they have a health problem, or worse yet, has a health problem and doesn’t address it.
There are plenty of companies today who will offer their best rate to someone who is treating their cholesterol. Of course, the best rate assumes that the drugs are doing their job and the cholesterol is well controlled. Along with the upside control of cholesterol a person would also need to monitor their liver functions as elevated liver functions caused by cholesterol lowering drugs could bump you out of the best rate. Bottom line with insurance companies and doctors is that a balance is struck between finding the right drug that will help with cholesterol and not cause side effects.
Logic would tell me there is more than one company that will reward well controlled high blood pressure with their best rates, but to the best of my knowledge, Banner Life is the only company that has stepped forward in that area. Their only caveat is that the treatment has to have gone on for at least two years (long enough to establish stability) and the condition is well controlled. Banner Life also happens to be a company that is at the forefront in underwriting cholesterol and type 2 diabetes. Again, with both of those, control is the focal point. And as always, all risk factors are taken into account, so don’t make the leap of assumption that even though you are overweight, good cholesterol control will buy you a ticket to the top rates.
So, doing what the doctor orders is best for your health, and happens to be something that life insurance companies want to see as well. Call your independent life insurance agent today and talk about how you can get low rates even with preventive medicine.
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.