Does High Cholesterol Effect Rates for Disability Insurance?
Nov 10, 2014
jamie

jamie

10 Nov, 2014

When applying for disability insurance, you must undergo a medical underwriting process which requires you to disclose your medical history and to take a paramedical exam (blood and urine).

How does high cholesterol effect rates for disability insurance.

Typically, high cholesterol does not have a great impact on disability insurance rates unless it is very significant. Even if you are taking cholesterol medication, your rate probably won’t increase. They do in fact check for cholesterol during your paramedical exam.

This is very different from life insurance rates where your rate is determined by classifying you in a health status. These include super preferred, preferred, select, standard and sub standard ratings.  High cholesterol will almost always knock you out of the super preferred category.

Disability insurance does not categorize the same way as life insurance. Either you qualify or you don’t. If you have significant health issues or a pre-existing condition, they may exclude a condition or add a rating such as an additional 25% charge on the policy.

For more information, contact the Set for Life Insurance office directly.

Related Posts

2 Year Period of Incontestability–Life and Disability Insurance

2 Year Period of Incontestability–Life and Disability Insurance

When you purchase a life or disability insurance policy, your policy will automatically have a clause called the period of incontestability. This clause causes a lot of confusion.  The clause states that if you have a claim in the first two years of the policy, the...

Can A Disability Insurance Broker Help Me with My Claim?

Can A Disability Insurance Broker Help Me with My Claim?

Disability insurance claims Recently a potential client contacted me and asked me if I could help assist them in the future if they encountered a disability insurance claim. I explained to them how it worked. Brokers can listen to their clients and direct them to the...

We’re here to help

Getting the right disability insurance can be downright confusing. At Set For Life, we’ll help you understand the options and work with you to select just the right product for you and your family. These articles will help you understand some of the complexities involved, but we’re happy to walk you through it! If you’re ready to get set, reach out for a quote today!