Best life insurance for those with high blood pressure
The ability to accurately assess risk is critical in the life insurance industry, and any factor that may reduce a policyholder's longevity poses a risk. The risk of an insurer paying out a death benefit too soon is typically offset by charging a higher premium, so understanding how your health can affect premiums may give you an idea of what to expect when looking for a provider that meets your needs and budget.
High blood pressure is one health risk that can influence rates. High blood pressure puts you at a higher risk of health complications like cardiovascular disease, heart attacks, and strokes. Some life insurers may refuse coverage entirely in cases of high blood pressure combined with other related illnesses, such as heart disease. Those with high blood pressure, on the other hand, can usually find coverage through some insurers.
High blood pressure and life insurance
According to the Centers for Disease Control, nearly half of all adults in the United States (45%) have high blood pressure (hypertension). Living with high blood pressure increases the risk of heart disease and stroke, making those with this condition more difficult to insure. However, as long as you manage your condition with medication and a healthy diet, you should be able to find life insurance.
High blood pressure factors that impact life insurance
Although each case is unique, certain patterns emerge in the ways in which life insurance companies handle various types of high blood pressure conditions. These consistency can help people with high blood pressure better predict and prepare for application questions about their underlying health conditions.
- Blood pressure ranges: The American College of Cardiology issued significant new medical guidelines in 2017 that reduced the definition of high blood pressure from 140/90 to 130/80. The closer your blood pressure is to the 120/80 range, the less you'll likely pay for life insurance coverage.
- Influence of age: Older insurance applicants – those in their 50s and 60s or older – may benefit from lower rates associated with higher blood pressure numbers. Even if their blood pressures are high, many life insurers will issue regular policies to this group.
- General health matters: High blood pressure will be considered in the context of your overall health by life insurance companies. Exercise, diet, and weight will be evaluated, and good results can reduce your risk of developing high blood pressure. Nonsmoking, in particular, will be a significant risk factor in most cases.
Life insurance companies are typically on the lookout for any reason to write a policy. Before you apply, make a detailed list of all of your healthy habits and positive medical conditions.
Types of life insurance for those with high blood pressure
Those with high blood pressure, especially when combined with otherwise good health, can generally purchase the same policies as others. The primary distinction between a policyholder with high blood pressure and one with normal readings would be reflected in the rates.
Whole life insurance
Whole life insurance is a type of permanent life insurance that covers the insured person for the rest of their life. The policy guarantees a death benefit and accumulates cash value over time. Because of the policy's permanence and anticipated payout, this policy is more expensive than term insurance, and it may be even more expensive for someone with high blood pressure. However, for the assurance of financial security throughout your life, the cost may be worth it depending on your circumstances.
Term life insurance
Term life insurance does not last forever, but rather covers an insured for a set period of time (typically between 10 and 30 years), usually during the time of life when the need for financial protection for dependents is greatest. For those with high blood pressure, term life insurance may be a good option if the primary goal is to leave a fixed amount for loved ones to cover unexpected funeral expenses or outstanding debts such as student loans. Premiums may be higher, as with other life insurance policies, depending on the severity of the insured's blood pressure readings.
Final expense insurance
Final expense insurance is a limited-scope policy designed to assist surviving families with funeral and burial costs, as well as other bills. If whole life or term insurance was not previously obtained, this type of insurance may be the only option for some people, especially if they are on the higher end of the high-blood-pressure spectrum or have coexisting medical diagnoses. One thing to keep in mind is that most final expense policies have much lower limits than other policies, usually ranging between $5,000 and $25,000.
Frequently asked questions
What is the best life insurance company?
Several life insurance companies may be suitable for you, depending on your circumstances and requirements. As a starting point, consider companies with a long and stable financial track record, a good selection of policies and pricing, and a good customer service reputation. While you should get a few quotes to see how much you'll pay for life insurance, premiums may not vary much between companies because they are determined by your age and health. These are the primary factors that influence your premium.
What can I expect during a life insurance medical exam?
During the application process, most life insurance companies require you to take a medical exam in order to provide the insurer with a more accurate assessment of your risk to insure. You will most likely be asked for your contact information as well as medical information such as any pre-existing medical conditions, recent treatments, or medications that you take on a regular basis during the medical exam. A healthcare professional will generally record health information such as your height, weight, and blood pressure during these exams, and may also analyze your urine and blood for health issues or drug use. The better these variables are, the more likely it is that you will pay a lower premium for your insurance.
What if my term life insurance ends and I still want coverage?
Term life insurance policies typically include a conversion rider that allows you to convert your policy to a permanent policy at the end of the term. If you don't have a conversion rider but still want to keep your life insurance coverage after your term policy expires, your company may allow you to convert your policy to permanent life insurance, but your death benefit may be reduced in some cases. Talking with your insurance agent is probably the best way to figure out your options and plan for the long term.