If you have high cholesterol and are looking for affordable life insurance, Mutual of Omaha is a well-known company and certainly one to consider.
Here we’ll tell you how to qualify for their best rates and explain how they view this health condition.
We’ll also try to answer all of your questions, such as:
- How does high cholesterol affect insurance rates?
- What is considered high cholesterol for life insurance companies?
- How can I get life insurance if I have high cholesterol?
How High Cholesterol Affects Life Insurance Rates at Mutual of Omaha
In addition to helping you financially protect the people you care about, Mutual of Omaha is in the business of judging risk. Before they’ll sell you a policy and quote you a rate, they’ll perform a risk assessment. This assessment measures your risk of death against their profitability and other economic forecasts.
So, when you apply, they’ll take a careful look at your cholesterol levels, including:
- Total Cholesterol
- Total Cholesterol to HDL Ratio
At that time, they may or may not require you to undergo a health exam. If your current cholesterol levels meet their thresholds for the best rates, it may be in your best interest to go ahead and get a physical. At times, they may not require a health exam in exchange for rates that are a bit higher.
Typically, if you can meet these optimal thresholds, your cholesterol levels will not affect the rate you’ll pay:
|Total Cholesterol||Less than 200 mg/dl|
|LDL||Less than 100 mg/dl|
|Total Cholesterol to HDL ratio||Less than 3.5|
|Triglycerides||Less than 150 mg/dl|
After an underwriter determines your health status, they’ll assign you to a health class. This class determines how much you’ll pay for insurance. These rates are calculated using a formula that includes your cholesterol levels, age, and other medical conditions.
At Mutual of Omaha, to qualify for their top rate classes, you must meet these guidelines:
Total Cholesterol less than 300
Total Cholesterol to HDL ratio less than 5.0
Total Cholesterol less than 300
Total Cholesterol to HDL ratio less than 6.0
Total Cholesterol less than 300
Total Cholesterol to HDL ratio less than 7.0
About High Cholesterol
As you can see, Mutual of Omaha allows the use of cholesterol controlling medications in their preferred and standard rate classes. This is great news since nearly 30% of American adults have used statins, and not all life insurance companies are so generous in their allowances.
High cholesterol is a common medical condition also known as hyperlipidemia or hypercholesterolemia. In the United States, about 35 million American adults have a cholesterol level that puts them at risk of a heart attack or stroke.
Approximately 2,150 Americans die from heart disease and stroke each day so you can be sure that Mutual of Omaha is going to take a careful look at your levels.
Along with diet, other factors that contribute to high cholesterol include gender, family history, lifestyle choices, obesity, type 2 diabetes, and certain genetic conditions.
Since high cholesterol has no symptoms, the American Heart Association recommends that everyone over 20 have a doctor check their levels. A simple blood test called a lipid panel measures total cholesterol, low-density lipoprotein, high-density lipoprotein, and triglyceride levels.
Cholesterol, or lipids and triglycerides, are a type of fat found in the blood. The body uses these fats to build cells, provide energy, regulate hormones, and more. Cholesterol gets risky when low-density lipoprotein levels are too high or the low-density to high-density lipoproteins ratios are not at healthy levels.
Good Cholesterol (HDL) vs Bad Cholesterol (LDL)
Bad cholesterol (LDL) travels through the blood where it can build up on artery walls causing atherosclerosis or narrowing. This narrowing decreases blood flow and can lead to a heart attack, stroke, blood clots and kidney disease.
Good cholesterol (HDL) travels through the body, picks up excess cholesterol, and returns it to your liver so the body can eliminate it. Normal total cholesterol to HDL ratios helps prevent heart disease.
The body produces about 80% of the cholesterol it needs but the remaining 20% is derived from the foods you eat. A diet high in trans fats contributes to high cholesterol while heart-healthy foods help lower it. Other ways to naturally lower cholesterol include:
- Lose weight
- Increase exercise
- Quit smoking
- Drink only in moderation
About the Company – Mutual of Omaha
As one of the most recognized names in insurance, Mutual of Omaha has progressive roots. It was founded in 1909 by a woman named Mable L. Criss. In 1929, she became Vice President and General Manager of Mutual Benefit (as the company was then known) which was quite an accomplishment for her era. Her husband, Dr. CC. Criss became President four years later.
Their life insurance products include:
- Term Life
- Whole Life
- Universal Life
They are finically strong so you can feel confident that they’ll be around to pay claims in the future. They currently have a $3 billion statutory surplus and independent industry rating agencies have given them these coveted high scores:
- M. Best – A+ Superior
- Moodys – A1 Good
- Standard and Poors – AA-
They hold nearly $40 Billion in assets with a reported net income of $356 million. As a Fortune 500 Company, they have around 4.4 million product customers and 9.4 million members.
Even their once popular, Mutual of Omaha’s Wild Kingdom, is still available to watch online.
How to Find the Best Life Insurance Company for High Cholesterol
Mutual of Omaha is at the very top of the life insurance world and their reputation and financial standing are tough to beat.
But are they right for you?
We can help you find the lowest insurance rates if your cholesterol is high. As an independent agent, we will compare 50+ insurance companies to ensure you find the best plan, at the lowest rate, and get answers to all your questions.
There is no cost or obligation for this service. To begin, fill out the form on our site, and we can get started right away.
The opinions in this article are based on our knowledge of the Mutual of Omaha underwriting guidelines at this time. Guidelines are subject to change at any time. We are not an employee of Mutual of Omaha but rather an independent agent contracted to work with them as well as 50+ other carriers. Our business is placing clients with the right company.