Long-Term Care Insurance and Hypercholesterolemia
Long-term care insurance and hypercholesterolemia may not seem like they a good match. Shopping for a long-term care insurance policy can seem difficult especially if you have hypercholesterolemia (high cholesterol). Getting long-term care insurance with hypercholesterolemia is possible, especially if you work with a long-term care insurance specialist that will help you shop for a policy.
Can I qualify for long-term care insurance if I have hypercholesterolemia?
If you have hypercholesterolemia you can qualify for long-term care coverage. But every insurance company has different criteria to determine who they can insure. It’s important to work with an experienced, independent agent who is familiar with the four main types of long-term care coverage. An independent, long-term care specialist can recommend the perfect policy for you based upon your health history.
Which type of long-term care policy should I buy if I have hypercholesterolemia?
There are four main types of long-term care coverage: traditional long-term care insurance, long-term care partnership programs, life insurance with long-term care riders, and annuities with long-term care riders. The best type of policy for people with hypercholesterolemia is usually a traditional long-term care policy or a long-term care partnership program. However, everyone’s situation is unique. Click here to try our proprietary “Policy Finder” tool (no phone required). It will give you an instant ranking of the four types of policies based upon your answers to a few short questions.
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Will I pay more for long-term care insurance if I have hypercholesterolemia?
Every long-term care insurance company is different. Most long-term care insurers do NOT charge higher premiums for applicants with hypercholesterolemia. Other insurers may charge applicants up to 20% more for hypercholesterolemia. That’s why it’s important to work with an independent long-term care insurance professional who can help you shop around and compare several different policies.
Can I qualify for long-term care insurance if I have a family history of hypercholesterolemia?
Yes, you can qualify for long-term care insurance if you have a family history of hypercholesterolemia. Most long-term care insurance companies are not concerned when there’s a family history of hypercholesterolemia.
Can I qualify for long-term care insurance if a genetic test shows I may develop hypercholesterolemia?
We always advise our clients to apply for long-term care insurance before they get genetic testing. If you have a genetic test that shows you could develop hypercholesterolemia, you will still be able to qualify for long-term care insurance.
If I have hypercholesterolemia will I have to take a physical in order to qualify for long-term care insurance?
Some long-term care insurers do not require a physical if you have hypercholesterolemia. Most long-term care insurance companies will review your medical records in order to determine if they can insure you. Ask your long-term care insurance specialist what underwriting criteria each company will use before deciding which long-term care insurance policy is best for you.
If you have hypercholesterolemia, a long-term care insurance specialist will ask you the following questions to determine if you can qualify for a long-term care insurance policy and calculate your premium:
When were you first diagnosed with hypercholesterolemia?
What prescriptions have you taken in the last year for hypercholesterolemia?
What have your cholesterol readings been over the past 12 months?