Life Insurance For Overweight. Will it be expensive?
Being overweight doesn’t necessarily mean that you will not get affordable life insurance, in fact, insurance companies are much more forgiving in such cases than you may think.
According to CDC, 70.7% of adults in US aged 20 years and older are overweight or obese. If you are reading this article, then there’s a good chance you fall into that category and must be wondering if you can get affordable life insurance rates or not. Well, the good news is yes. If you are a non-smoker and are in relatively good health condition, your odds of getting the best possible life insurance rates are at their highest.
Height to Weight Ratio:
This is one of the first things that life insurance companies look at to determine how much premium they are going to charge. Every company has its own ‘build chart’ which the agents refers to when underwriting a policy. The best rates also referred to as “Preferred plus” rates go to people who are the healthiest and fall within their determined height/weight rules.
Our survey shows that many overweight people have been qualified for preferred rates from different life insurance companies, given that there were no other health conditions or factors that may contribute to increasing the overall rate.
How to Get the Best Life Insurance For Overweight or Obese?
As we mentioned earlier, not all life insurance companies use the same height to weight ratios to determine premiums, therefore, if one life insurance company considers you as a risky client and offers you high rates, it does not necessarily mean that the other company will also see you the same way.
If a friend in a similar situation got qualified for preferred rates from an ABC company, it’s not necessary that you will also get the same rates. There are many factors that are taken into consideration when underwriting policies and weight is just one of them.
By taking help from independent life insurance agents like LifeQuote, your chances of getting affordable term life insurance rates are increased. This is because we work with multiple top rated life insurance companies. After analysing your health and other factors, we get started on aligning you with the best company offering the best price.
Sample Quotes From LifeQuote’s Life Insurance Tool:
Annual life insurance premiums for a 36-year-old man, 5’9″, at different weights, for a 20-year, $500,000 term life policy:
206 lbs – $363.49
216 lbs – $373.25
226 lbs – $482
236 lbs – $482
5 Tips for Getting the Best Rate On Overweight or Obese Life Insurance:
1. Adopt a Healthy Lifestyle:
Healthy eating and regular exercise can help you lose some pounds as well as lower your cholesterol, which is going to translate into better rates from insurance companies.
2. Be Honest:
At LifeQuote, we work exclusively for you. If you are honest about your health and weight, it will be easier for us to find the best price for you. A few pounds here and there can have a significant effect on our choice of carrier. So be honest about your measurements and we will try our best to give you the best possible recommendation.
3. Look for Independent Insurance Agents:
Unlike a traditional insurance agent, independent agents have contracts with dozens of highly-rated companies across the nation. They are not bound to any specific carrier, therefore, they will find the company that can give you the best possible rates.
4. Be Prepared for a Medical Exam:
It is important to take an exam before you get your life insurance policy. Going on a diet for a few days before your exam can help in shedding few pounds.
Your exam is going to call for you to fast for at least 8 to 10 hours before your exam so schedule your fast in the morning so that you can fast while you are asleep. Additionally, people tend to have lower blood sugar levels, cholesterol levels and blood pressure levels first thing in the morning so your chances of getting perfect results are at their best.
5. Don’t Risk Your Family
Waiting too long for a ‘better rate’ is not advisable. You never know what life throws at you, so being prepared is always good. Just get the best coverage you can get today and spend some time improving the quality of your life. You can always go shopping for a better insurance rate when things change. This way you aren’t risking your family’s future and well being.
If you need more information on any of the above tips, don’t hesitate to give us a call. We make sure you are 100% satisfied before making any purchase decision.
LifeQuote is an independent insurance agency that works for their clients, not for the companies. We will assign an agent who will be dedicated to providing you with all the necessary information that you require. Our representative will assist you throughout the application process, provide you with status updates and will also review your application at the time of submission to make sure you get the best life insurance rates!
So what are you waiting for? Give us a call today at 1-800-521-7873 or visit our Get a Quote page to see for yourself. We offer the best available life insurance rates.
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