Life Insurance Help

I (33M) have been looking to increase my life insurance coverage to equal about 10X salary (Approx $2M). Married with one child and one on the way. Health-wise, I have a small heart condition (heart murmur) but am otherwise healthy, minus being slightly overweight (165lbs at 5'8"). Since initiating the policy my health condition has not changed and weight has stayed exactly the same.

I currently have a $1.1M policy ($1M variable term, $0.1M whole) with NWM that I started in 2019. Term is ~$1,000 per year and whole is about $1,800 per year. My current term policy will increase steadily to about 6,400 per year by 2043.

I was looking for options that would replace my current policies (whole and term) for a level term policy to lock in a lower rate. However, in getting new quotes i'm seeing premiums increase astronomically. For a $2M 30-year level term policy i've seen a low end of $550 and high end of $750 per month. The underwriters have said this is because of my heart condition but there's no new documentation over the last four years. I've been shocked by how expensive my rate is and i'm not sure I want to pay nearly $7-10K per year for a term insurance policy.

Two questions for the group:

From what I could see from Nerdwallet (see link), my rate looks like it's in a very high risk bucket. I don't know if this is accurate. Is there a way I can contest this or learn more about their risk scoring? Does anyone recommend any other options I should consider? Either something i may be missing with how quotes work or other insurance strategies I should consider?

Any help is greatly appreciated!

https://www.nerdwallet.com/article/insurance/average-life-insurance-rates

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edit: updated first question

submitted by /u/Flimsy-Radio5004
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