Providing that the cholesterol level is controlled, either by diet or by medication, premiums are not usually increased unless there are other factors or complications.

What is High Cholesterol?

Cholesterol is a fatty substance which is required for normal body function. Having too much Cholesterol in the blood can lead to an increased risk of many cardiovascular diseases including but not limited to:

  • Heart attack
  • Narrowed arteries (atherosclerosis)
  • Stroke
  • Peripheral Vascular Disease/Peripheral Arterial Disease

High Cholesterol can be caused by a number of factors such as eating an unhealthy fatty diet, smoking, having diabetes or a family history of the condition.

The control of cholesterol is important and if this cannot be done effectively through improving the diet of an individual, the doctor may prescribe medication, such as statins.

A well-controlled cholesterol level shouldn’t incur any premium increases when applying for life insurance, critical illness cover or income protection. However, if readings are uncontrolled or you are not attending regular reviews if advised to do so by your doctor, then insurance providers may increase your premium.

*NHS Choices July 2018

Please note that any premiums provided are indicative only and based on this specific example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted. Premiums correct as of Dec 2018.

  • Case Study

    We were contacted by Mrs A, a 57 year old lady who was diagnosed with high cholesterol about a year ago. Around the time of diagnosis she arranged a policy which offered £50,000 of life cover over a 30 year term.  However once underwritten, the premium was increased by 50%, at a cost of £53.71 per month. This was taking into account the risk which the high cholesterol level posed.

    As we carry out annual reviews with all of our clients, we spoke to Mrs A one year later and discovered that her cholesterol level is now well controlled by medication, with a most recent reading of 4.1. With this in mind we reviewed the policy she has and carried out research, looking at the whole of the market. Our research results meant that we applied to an insurer who would not increase the monthly premium because the condition is now well controlled. This resulted in Mrs A’s monthly premium reducing from £53.71 to £35.81, for exactly the same level of cover.

    This shows the importance of receiving expert advice and ensuring that you are applying to the most appropriate insurance provider.

    Please note that the premiums provided are indicative only and based on this specific example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

What impact will high cholesterol have on Life Insurance premiums?

Life insurance, critical illness and income protection applications won’t generally be subject to an increase for someone with well controlled high cholesterol, so long as there are no other conditions or complications.

Life Insurance

A 57 year old male with medication controlled cholesterol looking for £50,000 of life cover over a 10 year term would pay a monthly premium of £14.88. However if the cholesterol is not well-controlled with recent readings above 6.5 then the premium could be increased to around £22.32 per month.

 

What impact will high cholesterol have on Critical Illness premiums?

Life insurance, critical illness and income protection applications won’t generally be subject to an increase for someone with high cholesterol which is controlled, so long as there are no other conditions or complications.

Critical Illness Cover

A 40 year old Female taking medication for well-controlled cholesterol looking for £100,000 of critical illness cover for 20 years can obtain cover for around £41.60 per month.

If the cholesterol is not being controlled then some insurers may charge as much as £82 per month and in some cases even decline the application due to the enhanced risk of a critical illness taking place.

 

What impact will high cholesterol have on Income Protection premiums?

Life insurance, critical illness and income protection applications won’t generally be subject to an increase for someone with high cholesterol which is controlled, so long as there are no other conditions or complications.

Income Protection

A 35 year old female office worker who has medication controlled cholesterol could obtain a full income protection policy which offers cover until age 65 offering a monthly income of £1,000 after a deferred waiting period of 3 months for a premium of around £18.74 per month.

Would you like some advice?

Contact one of our team now to get impartial & helpful advice

Call 0800 644 4468Mobiles call01737 336 990