Regardless of whether or not you’ve ever shopped for life insurance, you’re still probably aware of the fact that your health can have a major impact on how much you pay each month in life insurance premiums. But while it’s common knowledge that chronic conditions like cancer and diabetes, and bad habits like smoking and excessive drinking, can seriously impact your rates, you might not realize that more subtle, less severe health issues can also affect your premiums. Here are a few potential health conditions to keep an eye on while you shop for life insurance:
Sleep Apnea – This condition causes sufferers to suddenly stop breathing during sleep. Over time, it can lead to such serious conditions as diabetes, heart disease, and stroke, among others, which makes sleep apnea a potential risk factor as far as life insurance companies are concerned.
High Blood Pressure – On its own, high blood pressure, or hypertension, might not affect your day to day life all that much. But it can be a sign of potentially more serious issues down the road, such as coronary artery disease, stroke, and kidney damage, which is why insurance companies tend to see it as a red flag. However, since it’s such a common condition, most insurers won’t dismiss you outright based purely on high blood pressure. What they will do is make sure you are managing it properly. If you are taking medication and can prove that you’ve been able to manage and control your blood pressure for an extended period of time, it shouldn’t affect your premiums too much, if at all.
Asthma – Like high blood pressure, asthma is an extremely common condition that can be relatively easy to manage (depending on the severity, of course). If your asthma is particularly severe, or has caused you significant medical expenses in the past, it might raise a few eyebrows during the underwriting process. If you can prove, however, that your asthma has been kept under control for a significant amount of time, you should be in the clear.
Low Cholesterol – It usually comes as no surprise that high cholesterol levels can cause your premiums to go up. But what many people don’t know is that low cholesterol can also be a risk factor because it can potentially be linked to other more serious conditions like cancer and Alzheimer’s Disease.
What Can I Do to Bring Down My Premiums?
Purchasing life insurance is one of the most important things you can do for yourself and your loved ones. So if you struggle with any of these conditions, don’t panic, you can still get coverage. The first thing you should do is to look into getting the best care possible. In most cases, if you can prove that your condition is under control and manageable, you won’t have to worry too much about your premiums. Then, you can start with getting an online life insurance quote, using our tool above.