When you apply for a life insurance plan, the insurance company is going to review dozens of factors during the process to decide how much they are going to charge you for protection. They are going to look at your age, your occupation, and much more. One of the most important factors that they are going to look at is your health. If you have any health problems or serious complications, then you’re going to pay more for your coverage.
If you’re trying to get life insurance with high blood pressure (or hypertension), you should be aware of how insurance companies determine who gets approved and what factors they use to determine your premiums. To better understand how life insurance works, you should consider the different health ratings that insurance companies use.
How Individuals are Rated
One of the main factors that will affect your life insurance premiums is whether or not you are a smoker. Then, insurers will break down people into other sub-categories. If you don’t have any pre-existing health conditions, you will fall into one of their standard health ratings.
For non smokers, the categories are: preferred plus non tobacco, preferred non tobacco, standard plus non tobacco and standard non tobacco. Those who currently smoke or who have only recently quit smoking will fall into either preferred tobacco, standard tobacco. It goes without saying that if you use tobacco products, you will pay more for your life insurance than a non smoker. Obviously, the better your health, the higher your chance of qualifying for a “preferred” policy, which gives you lower premiums. Therefore, even if you have high blood pressure but are otherwise in good overall health, you might qualify for Preferred or Standard rates.
However, if you do not qualify for a standard tobacco or standard non tobacco policy, you may be able to get a “rated” policy. Insurance companies commonly use a table which has letters that go from A to H. A higher letter means that you represent a higher risk for the insurer and will therefore need to pay higher premiums. There are numerous health conditions which may exclude you from a standard policy and would push you into the “rated” category, such as diabetes or Crohn’s disease. While the exact policies will vary from one insurance provider to the next, these are the standard guidelines in use by the majority of insurance carriers nationwide.
What Rating Will I Receive If I Have High Blood Pressure?
This is actually a common question that people living with high blood pressure ask when they apply for life insurance. You should know that as everyone’s health condition is unique, there is no “standard” answer to this question.
In general, if you take medication and are able to control your blood pressure very well, you may not even need to get a rated policy. In fact, some individuals have even qualified for the Preferred Plus category despite suffering from some blood pressure problems.
If your blood pressure is controlled moderately by taking medication, you may receive a rated policy with a health rating varying from A to C. But if your blood pressure is poorly controlled, you may get a rating of D or lower. In some cases, insurance companies may deny you a policy altogether.
If you want the best possible prices for life insurance, you should try your best to treat your blood pressure, which is typically done with medication.
Guaranteed Issue Life Insurance
If you’re are declined for life insurance or if you’ve been declined for coverage in the past, don’t assume that you can’t get protection. There are still several options that you can choose from to get coverage. One option is to purchase a guaranteed issue policy. These plans allow you to get insurance protection, regardless of your blood pressure or any health complications that you have. You won’t have to take a medical exam or answer any health questions. There are a couple of drawbacks to these plans that you should be aware of when you’re shopping for insurance protection.
One disadvantage is that you’re going to be limited on how much coverage that you can with these plans. Most guaranteed issue policies will only let you get around $25,000 worth of coverage. For most people, that isn’t nearly enough life insurance coverage.
Another drawback of these plans is that they are going to be more expensive. Without the health information, they are taking a greater risk to give you coverage. You’re going to pay much more for every $1,000 worth of guaranteed coverage versus what you would pay for a traditional plan.
Getting Cheaper Life Insurance
If you have high blood pressure, then you might be worried about how much you’re going to pay for your insurance coverage. Your high blood pressure is going to cause your rates to go up (which could cause your blood pressure to go even higher), but that doesn’t mean that your plan has to break your bank every month. There are several ways that you can secure lower premiums from the company.
If you want to save money, the first thing that you should do is cut out any tobacco that you currently use. If you’re a smoker, or you use chewing tobacco, then you’re going to be looking at paying much higher rates. Smokers have a much higher chance of suffering from a heart attack or being diagnosed with various kinds of cancer. That means that smokers pose a higher risk to the insurance company and they are going to offset that risk by charging you higher premiums. In fact, if you enjoy the occasional cigarette, then you’re going to pay at least twice as much for your insurance protection versus what a non-smoker is going to pay for the same sized plan. If you want to save thousands of dollars, quitting smoking is the best way to do that.
Another way that you can save money is to improve your overall health before you apply for life insurance. The results of the medical exam are going to play a huge role in how much you pay for coverage. If you want to save money, getting better results from the medical exam is an excellent way to do that. Before you apply, start a diet and get some exercise. Both of these can help you lose weight, lower your blood pressure, lower your cholesterol, and much more. If you’re overweight, then your premiums are going to be around 50% more.
The best way to ensure that you’re getting the lowest rates is to compare dozens of quotes before you decide which ones are best for you. Every insurance company is different, and all of them are going to give you different rates depending on the company that you contact. Each company has different medical underwriting and rating systems that they are going to use. That means that the quotes that you get could vary drastically.
There are hundreds and hundreds of companies on the market. You could spend hours or even days calling those companies. Instead of wasting your valuable time, let one of our independent agents do all of that hard work for you. Unlike traditional insurance agents, we don’t work with one single company. Instead, we work with dozens and dozens of highly rated companies across the nation. That means that we can bring all of the best quotes directly to you. Working with one of our agents can save you both time and money on your life insurance coverage.
Some Final Tips
A life insurance company will want to see that your blood pressure has been stable in the past 12 months and that you are taking any necessary medication or doctor’s orders to keep it under control.
Life insurance is the best purchase that you’ll ever make for your loved ones. It’s one of the few ways that you can ensure that your loved ones will have the money that they need, even if something tragic were to happen to you. We know that shopping for insurance can be a frustrating process, but that’s why we are here to help.
It’s our mission to ensure that your loved ones have the protection that they need. If you have any questions about getting life insurance with high blood pressure, please contact one of our agents today. We would love to answer those questions and connect you with the best plan possible.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait another day to get the insurance protection that your loved ones deserve. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be stuck with a massive amount of debt and other final expenses.
You can compare life insurance rates right on this page using our quote tool, or call us at 888-552-6159 to discuss your life insurance needs and apply for coverage.