Life insurance is the most critical safety net that you could every buy for your loved ones. It’s one of the only ways to provide for your family, regardless if something tragic happens to you. We know that finding an affordable life insurance policy can be a frustrating and confusing process, but even more so if you are in bad health or have any adverse health conditions.
Several common health conditions cause people to get lower rates on their life insurance. Some of the most frequent ones, are being overweight or having high blood pressure. Both of these conditions could cause severe health conditions later in life, which means that applicants are going to be more of a risk to insure. The higher the risk, the more that you have to pay in life insurance premiums.
Because life insurance is such a vital purchase, nobody should go without the coverage that they deserve, but a lot of people assume that a policy is going to be too expensive because of their health. That isn’t true, there are plenty of affordable coverage options, even for people with high blood pressure.
Getting Affordable Life Insurance with High Blood Pressure
There are several ways that you can get the lowest insurance rates as an applicant with elevated blood pressure. When you apply for life insurance coverage, the company is going to want an overall picture of your health, and that’s going to include a medical exam. During the medical exam, the paramedic is going to get your weight, heart rate, and your blood pressure. Additionally, they will also take a blood and urine sample to see if there are any hidden health complications that you didn’t disclose on the application paperwork. The results from the exam, coupled with the answers from a health questionnaire are going to run through the company’s medical underwriting to calculate your insurance premiums.
Having high blood pressure is going to reflect poorly on the application process, which will knock you into a lower rating class and result in higher premiums. Because everyone insurance company is different, it’s vital that you get quotes from dozens of companies before you choose the one that’s going to work best for you and your family. Every company has different medical underwriting, which results in drastically different insurance rates for applicants with high blood pressure. It’s vital that you find a company that is going to view your health more favorably.
Another way to get lower insurance rates is to improve your health through a healthy diet and getting regular exercise. Both of these are going to work wonders on your blood pressure as well as your weight. The better that your health is, the more likely you are to get excellent rates from the insurance company for your coverage.
If your doctor has given you any specific orders for your health condition, you should follow that prescription at all costs. Your doctors understand what is best for you and your health. Not only will you doctor be happy, but your family will be happy as well. If your doctor hasn’t given you any instructions for improving your health, schedule an appointment today and express your concerns.
Additionally, you’ll need to improve your health by eliminating any tobacco that you currently use. If you’re an applicant with high blood pressure, also being listed as a smoker on your application is going to drastically decrease your chances of getting an affordable life insurance policy. In fact, smokers pay an average of twice as much for their life insurance what a non-smoker is going to pay for the same amount of coverage.
The best way to ensure that you’re getting the best insurance policy to fit your needs is to work with an independent insurance agent. Unlike a traditional insurance agent, independent agents don’t only represent one single company. Instead, they represent dozens of highly rated companies across the United States. Our independent insurance agents have years of experience working with various companies across the nation. The know which companies are going to view your high blood pressure more favorably and give you the best rates.
No Exam Policies
Another option for life insurance coverage is to go with a no medical exam, which is an excellent option for anyone that has been declined for a traditional life insurance policy. As the name implies, you’ll be able to purchase a life insurance plan without having to take the medical exam, which means that you won’t have to go through the medical underwriting, and the insurance company won’t measure your blood pressure. Just like every other kind of life insurance policy, no exam plans have several advantages and disadvantages that you should be aware of when shopping for life insurance protection.
One significant advantage is that anyone can purchase one of these plans, regardless of health, blood pressure, or any pre-existing conditions. There are only a few rare cases where you won’t be able to buy these plans. Maybe you’re wondering if you can get life insurance for someone with pre existing conditions. If so, we can help.
Another advantage is how quickly you can purchase one of these plans and get the life insurance protection that you want. Because these plans don’t require that you take the exam and go through the medical underwriting, you won’t have to wait for the results or for the life insurance company to view your test. Instead of having to wait several weeks, you can get a life insurance plan in a couple of days.
But, there are some significant pitfalls that you should be aware of before you purchase one of these no medical exam plans. The first is that you’re going to pay more for one of these plans than you would with a traditional life insurance policy that requires a medical exam. Because the company doesn’t know what kind of health you’re in, they are taking a much greater risk to give you the insurance policy, and they are going to offset that risk by charging you more for the coverage.
The other disadvantage is the limit on how much insurance you can buy through a single no medical exam policy. Unlike a traditional life insurance plan, they are going to put a strict limit on how much coverage you can buy, most insurance companies only allow around $250,000, which isn’t enough life insurance for most applicants. If you want more than that, you’ll have to buy a second policy or go with a traditional life insurance plan.
Life Insurance, how much do you need?
How do you know if you need more than $250,000? You’ll have to calculate what your life insurance needs are. Several different factors go into that. The first one is your debts and any expenses that you would leave behind to your family. The main goal of your life insurance is to give them the money that they need to pay off those bills without struggle financially.
The second factor to consider is your paycheck. If you’re one of the main income earners in your household. Your loved ones would have a difficult time paying for essentials if you passed away and they no longer had that source of income after your passing. There is no perfect number for how much coverage you should get, but most insurance professionals suggest that you get around seven to ten times your annual income, which will give your loved ones the resources that they need to get through the difficult time without having the added pressure of debts and bills.
Not having enough life insurance can be a dire mistake. In fact, it could leave your family with thousands and thousands of dollars of debt and no way to pay for any of those expenses. Make sure that your policy is large enough to cover those bills. If you are needing final expense coverage to cover your funeral costs and other expenses or you’re wondering if you can get term life insurance for seniors, we can help.
Life Insurance with High Blood Pressure
Nothing should keep you from getting an affordable life insurance policy to fit your needs. If you have high blood pressure, or something other health condition, don’t assume that life insurance is going to be too expensive to fit into your budget. There are dozens of different options that you can choose from to get the coverage your family deserves.
If you have any questions about getting affordable life insurance with high blood pressure or about the different options available to you, please contact one of our agents today. We would be happy to answer those questions and ensure that you’re getting the best policy for you.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the coverage that you and your family need if anything were to happen to you. Contact one of our agents today, and we can get the process started.