Your health condition has an impact on the premiums and the price of your life insurance policy. This is usually the top reason why most people do not consider life insurance.
Although your health condition may increase the price of your insurance plan, this is not always the case. Many people are able to find affordable coverage despite having common health problems.
Health insurance companies assign health ratings to each customer. Typically, there can be a 20 to 30 percent change in price between ratings, depending upon the company. With careful assessment of the severity of your health condition and other related factors, an insurer may offer an economical plan to meet your needs without putting extra burden on your budget.
If you are planning to buy life insurance coverage, have a look at some common conditions that may affect your plan.
1. High Blood Pressure
High blood pressure or hypertension is a common health condition. However, most insurance companies will not disqualify you or label you as a high risk customer. Rather, many insurers will categorize you, depending upon the severity of your condition as well as the medication or treatment you are receiving. Usually, someone with 140/90 or lower may qualify for preferred rates.
Since high blood pressure may lead to various health problems if the condition is not treated appropriately, it is important that you provide your insurer with your medical history to maintain that you may control and manage your blood pressure over an extended period of time.
2. Type 2 Diabetes
If you have been diagnosed with type 2 diabetes, you may be at risk of various health problems, including peripheral vascular disease, coronary artery disease, renal failure, and blindness. These potential threats may make you a high risk customer for life insurers.
Additionally, if you are a young person with type 2 diabetes, you may be at a greater risk of health problems resulting from the condition. For example, if you are over 70 with type 2 diabetes, you may already be at risk of heart diseases, so the diabetes may have a little impact on your life expectancy. However, if you are 40 or under with type 2 diabetes, you may be vulnerable to various risks that may influence your life expectancy.
Therefore, if you are young, you may have difficulty qualifying for preferred rates. However, if you can give the insurer substantial evidence that your condition is well managed, you can reduce risks for the insurance provider.
As obesity may lead to worrying health problems, such as diabetes and heart diseases, it is considered a risky health condition. Due to this, the coverage for people with weight problems may either be expensive or conditional, covering claims that are not related to their weight.
Similarly, people with anorexia may also be considered high risk applicants because they are exposed to a range of serious health conditions.
It is important to note that suffering from any of the above conditions does not mean that you may not get life insurance at a good rate. An insurer may review your case from different perspectives to decide if you qualify for a preferred life insurance premium.
Affordable life insurance , If you have questions about your health and how it may impact your quotes, visit Cheapest Life Insurance or call at 1-800-521-7873.