June, 24 2017

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Will Taking Pravastatin Affect My Life Insurance Rate?

Will Taking Pravastatin Affect My Life Insurance Rate?

Will Taking Pravastatin Affect My Life Insurance Rate?

The good news for those that taking Pravastatin is that it will not typically affect your life insurance premiums. Cholesterol medications in general are not seen as a prescription that will affect life expectancy; therefore, most of the top life insurance companies will not penalize you for taking a statin such as Pravastatin. 

What Do Life Insurance Companies Look For When Underwriting Cholesterol?

Nearly all of the major life insurance companies will look at your actual cholesterol readings to determine your rate. Whether you are taking a cholesterol lowering medication or not will not have any bearing on the rating or underwriting.

What Are The Guidelines for Cholesterol When Applying for Life Insurance?

While every life insurance company has their own underwriting guidelines for cholesterol, some more lenient than others, below is the current cholesterol underwriting guidelines for Prudential.  

Preferred Best 

Total Cholesterol Up to 299

Cholesterol/HDL ratio 5 or less

With or without medication

 Preferred 

Total Cholesterol Up to 299

Cholesterol/HDL ratio 6 or less

With or without medication

Standard Plus  

Total Cholesterol Up to 299

Cholesterol/HDL ratio 7 or less

With or without medication

Standard

Total Cholesterol Up to 299

Cholesterol/HDL ratio 7 or less

With or without medication

Will Taking Multiple Cholesterol Medications Affect My Rate?

The short answer is no.  The major life insurance companies in America such as Prudential, Mutual of Omaha, Transamerica, Protective, Banner Life, etc. will not rate you according to the number of cholesterol medications that you are taking. What they will look at is your actual cholesterol readings with or with medication. Common medications people take to lower cholesterol that will not affect life insurance rates are:

  • atorvastatin (Lipitor)
  • fluvastatin (Lescol, Lescol XL)
  • lovastatin (Mevacor, Altoprev)
  • pravastatin (Pravachol)
  • rosuvastatin (Crestor)
  • simvastatin (Zocor)
  • pitavastatin (Livalo)
  • niacin/simvastatin (Simcor)
  • niacin/lovastatin (Advicor)
  • Lovaza (omega-3-acid ethylesters)

Conclusion: Will Taking Pravastatin Affect My Life Insurance Rate?

The bottom line is that taking one of the most popular cholesterol medications on the market today, Pravastatin, will not alone impact your life insurance premiums or health class.  Instead, life insurance companies are going to look at your actual cholesterol readings such as total cholesterol, HDL ratio and triglycerides.  Also, it’s important to compare rates from multiple companies and talk to a knowledgeable agent who knows the underwriting guidelines from the top life insurers.  Some companies can have much more stringent guidelines when it comes to total cholesterol and HDL while there are other companies such as Prudential and Mutual of Omaha offer much more favorable guidelines for those whose reading may come back above average.