One of the many reasons why Americans have no life insurance is that they believe they will not qualify, or if eligible, the price will be very expensive. This is not always the case.
Many people are able to find affordable life insurance coverage, despite the common health conditions. Life insurance companies will determine the rates, depending on the severity of the condition and is being processed or not. With the help of a doctor, a condition can be controlled so that it has minimal impact on the life insurance rates. life insurance companies usually face the risks of giving a guests health rating. In general, three standard points are more preferred and most convenient. However, there may be a change from 20% to 30% of a point to another, depending on the company. Examples of these common health conditions are enumerated below.
High blood pressure: High blood pressure, or hypertension, can lead to serious health problems if not managed. Basically, someone with 150/90 or less with drugs can qualify for normal rates. The preferential rate would probably be for someone with 140/90 or lower, without medication.
High cholesterol: more than 102 million Americans over 20 have high cholesterol. This is defined as the total cholesterol level of 200 mg / dL. Life insurance companies can classify this as regular with cholesterol which does not exceed 300-350 mg / dL. Less than 250 mg / dl may benefit from a preferential rate, whereas 220 mg / dL or less with drugs could put it in the preferred class.
Anxiety: 18% of the US population suffers from anxiety, this makes it the most common form of mental disorder. life insurance companies usually consider this as a risk, because it can lead to other health problems such as depression, addiction and insomnia. Successful candidates who are under anxiety medication ,prescribed by a doctor can usually qualify for the preferred health class.
Obesity: It is noted that more than 33% of Americans are affected by obesity,and this is one of the most common health conditions that life insurance companies treat. Most businesses use the number of body mass index (BMI) to determine the class of a candidate rate. Usually, a person with a BMI 26-28 may qualify for preferred rate, while a BMI of 27-34 may be preferred, and 35 to 38 or more will be prefer as standard.
Acid reflux: Nearly 19 millions of Americans are diagnosed with acid reflux (GERD), which ranks as one of the most common health conditions. As this can lead to ulcers and potentially results into cancer hence life insurance companies see this as a risk. The good news is that most people who treat their mild GERD with over the counter medications may qualify for a more preferred rate . Those taking orders for mild to moderate GERD can qualify for preferred rates and moderate to severe GERD treatment or surgery may qualify for the standard rates.
Do not let the fear of high prices keep you from getting life insurance coverage that you need. Millions of people suffer from these common health conditions, and many of them could be eligible for a preferred class or most preferred rates. Remember that many of these conditions can be improved with the help of a medical, medication, diet and and finally exercise as well.