Life Insurance For People Suffering Of Obesity!

Millions of Americans are overweight or obese and are exposed to health risks. Obesity plays an important role in determining your life insurance premiums and keeping a normal height/weight ratio is essential if you want to get cheap coverage. Obese people are not automatically disqualified from life coverage, but they will have to pay more for their policies!

How do insurance agencies define obesity?

senior people obesityInsurance agencies use the Body Mass Index (BMI) to determine your rates. The BMI is the measurement of a body’s shape and size and it is calculated using your weight and height. In order to qualify for the cheapest rates (preferred plus) your BMI must be between 26 and 28.

Obesity is defined by a BMI higher than 30. Depending on what type of obesity you suffer, you can get standard or substandard rates which will make your policy a lot more expensive!

Why does weight matter?

Obesity has been linked with a series of terminal diseases like cancer, diabetes, heart diseases. Being overweight also shortens your lifespan by 6 to 10 years! An insurance agency wants to reduce the risks of having to pay out a death benefit, so it will insure people based on the likelihood of death occurring in the near future. Obesity can lead to several medical problems that can shorten your lifespan and insurance companies may not be willing to risk insuring someone who is severely obese.

How to find cheap life insurance for obese seniors?

There is not a specially designed life plan for seniors who are overweight or obese. You can apply for a simple term life insurance and your BMI will affect the premiums. However, there are some things that you can do to find cheaper rates.

  • Compare quotes! By looking at different plans you can find the cheapest seniors life insurance available!
  • Lose weight! Losing weight can improve your BMI which will reduce the costs of your policy! Start exercising and dieting and not only that you’ll improve your health, but you will also save a lot of money on life coverage!
  • Reevaluate your policy! If you have taken off a lot of pounds, you should contact your life insurance agent and demand a reevaluation of your policy. Your new weight can have a positive impact on the premiums!

If you are overweight, you should not give up searching for life insurance! We can help you find the cheapest plans available! Click here for more information!  

 

by Bogdan Moisa