Heart Disease and the High Cost of Life Insurance

As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost and become a lost life insurance policy.

Everyone should take their health seriously. When it comes time to shop around for your insurance, and you have health factors like high cholesterol or high blood pressure, you’ll probably be a little concerned about getting adequate coverage or even getting affordable coverage. Worrying about your expense isn’t going to do those hearth-health risk factors any good so don’t! Insurance companies look at the whole picture of your health, not just if you’re at risk for heart disease. They look at your weight, lifestyle, age and other significant factors like alcohol and tobacco use. Just know that the more risk factors you have the more likely it is you’ll have to pay significantly higher insurance premiums.

Two or more risk factors might effect your insurance rates. Only having high blood pressure, for example, probably isn’t going to eliminate you from getting a policy or keep you paying higher premiums. Even if you have two or more risk factors you may still be okay since you’ll have to prove you’re taking the necessary precautions by following your doctor’s orders, taking the prescribed medicines as you should, and making an effort to get your health right where it needs to be to be healthy. They may even cut your rates more. Blood pressure and cholesterol levels are important, to be sure, but age and gender also play big factors in those risk factors. The insurance underwriters have all the charts to compare the facts when it comes to deciding how much of a risk you are and how much to insure you for.

Stay current with your medications, taking them as your doctor has prescribed them. Following what the doctor says and trying to stay healthy are important if you don’t want your insurance to go up. By not following orders and trying to maintain a healthy lifestyle you could run the risk of higher premiums or denied coverage. Ignoring the problem or risk factors isn’t going to change the outcome of the life insurance exam and you’ll still pay a higher rate. If your risk factors are under control without using medications you most likely won’t be charged the higher premiums.

When applying for life insurance you’ll be required to take some kind of medical exam and you’ll have to supply medical records and a medical history for the underwriters. Sometimes even someone who doesn’t think they have any underlying risk factors for heart disease gets a rude shock: the exams has uncovered they have one or more risk factors for heart disease. It’s part of the reason the life insurance exams are so important; often people don’t even know something is wrong. Even if they do find something unfavorable you’ll probably still be offered their standard premium, meaning it will most likely be higher than a preferred classification (and probably not was originally quoted) but you won’t be denied insurance coverage. You’ll receive a letter detailing the findings of the exam and you’ll probably want to contact your doctor to go over the results together. It may be possible, with the right course of treatment and exhibiting a willingness to limit and control your risk factors, your rates will be readjusted.

Until next time, Michael Hartmann http://www.findyourpolicy.com/

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