The medical exam is going to look at your blood pressure, your heart rate, and your weight. If you’re an overweight applicant, you probably know you’re going to pay more for your life insurance policy. Being overweight can put you at risk for some serious health complications, like cardiovascular problems or diabetes.
These health complications are going to mean you’re a higher risk to the insurance company, and they are going to offset by charging you higher premiums.
Life Insurance Companies and Weight Charts
Before you purchase life insurance, you should know every company is going to use a different weight chart. At one point, just about every company was using a standard weight chart, like the BMI chart. These charts are outdated and are not a good indicator of the applicant’s health.
Because every company is different and has different charts, then you could receive drastically different rates depending on which company you choose.
With some companies, you might be considered “normal weight,” but with other companies, you’re going to be considered “overweight,” which means you’re going to get higher premiums. It’s essential you find a company that is going to look at your health favorably and gives you the best rates possible.
Another thing you should know what you’re going through the application process is you can request the medical exam include actual measurements, instead of just relying on your height to weight ratio. You can have the nurse or paramedic measure your chest and waist, which could reveal more about your health than your weight.
Getting Cheaper Life Insurance for Overweight People
One of the most common reasons people don’t buy life insurance is because they assume it’s going to be too expensive to fit in their budget. Luckily, there are a couple of ways you can lower your insurance rates, even if you’re overweight.
Making a few simple changes can save you thousands of dollars every year on your life insurance coverage.
The first thing you should do, overweight or not, is to cut out any tobacco you currently use. If you’re listed as a tobacco-user, then you’re at a higher risk of being diagnosed with cancer or having a heart attack.
That is going to translate into higher premiums. In fact, you’re going to pay at least twice as much for your life insurance versus what you would pay if you didn’t use tobacco. Cutting out those cigarettes can save you thousands and thousands of dollars.
If you’re looking for extra incentive to quit, your life insurance should give you the encouragement you need.
Another way you can save money is to slow down on your way to work. When you apply for coverage, the insurance company they are going to pull your driving records.
If you have any accidents or speeding tickets on your driving record, then you’re going to be considered a “high-risk” applicant, which means you’re going to pay more for your coverage. Laying off the gas pedal will save you money on your life insurance plan (it can also save you money on your car insurance as well).
Insurance Companies for Overweight People
The best way to guarantee you’re getting the lowest premiums is to compare dozens and dozens of quotes before you decide which one is best. Because every company is going to use different medical underwriting, you’re going to receive drastically different rates depending on which company you choose.
Finding the best company is the difference in getting an affordable policy or one that’s going to break your bank every month.
There are hundreds of companies you can choose from. Instead of wasting your time calling those companies yourself, let one of our agents do all of the work for you. At LifeInsuranceUnited.Com, we are a group of independent insurance agents, which means we work with dozens and dozens of highly rated companies across the nation.
Our experienced agents can bring all of the best rates directly to you. We know which companies are going to offer you the best rates as an overweight application.
Life Insurance for Overweight Applicants
Well, there you have it. That’s what you need to know about getting life insurance for anyone who is overweight.
Hopefully, this will help you protect your family without destroying your wallet. If you have any questions, feel free to leave a comment.