Obtaining life insurance for overweight individuals isn’t that hard. Truth be told there are lots of other concerns out there that are way more severe than being overweight, you’ll need to remember that your excess weight will make you a greater risk individual which is why you really should be careful with what carrier you chose to apply with.
However, being overweight means that you won’t get the preferred rates. Furthermore being overweight with combined health conditions such as diabetes, hypertension or high cholesterol can result in even higher premiums or not getting a policy at all.
Why do Life Insurance Companies Care about Weight
According to The CDC Obesity-related conditions include heart disease, stroke, type 2 diabetes and certain types of cancer, some of the leading causes of preventable death. Although many folks who are overweight stay healthy into later years, insurance underwriters typically use statistical figures to decide health risk and premium rates. This elevated health risk is usually caused by hypertension, elevated cholesterol levels, and/or diabetes.
The more overweight you are, the greater you can expect the rates to be. You should also expect an extended application evaluation process as the insurance carrier may want to order extra medical records from your physician. Be aware that unusual quick weight gain or loss can result in a period of postponement because this could be the result of a critical ailment.
Height/Weight Chart Example
Click the chart button to view the life insurance health rating classes and the increased rate you should expect to pay for your coverage. This is a rough guide, and it assumes there are no other additional health issues, such as diabetes, high blood pressure, high cholesterol levels, etc.
To find your exact rates, you’ll have to apply with an insurance carrier. No two insurance companies have same height/weight table. Which means that one insurance carrier could give you better rates than another.
The Underwriter will Ask The Following
One of the most concerning issues with being overweight are the risks posed to your cardiovascular system. So, any data you provide that will help minimize an underwriter’s concern about your cardiovascular system may contribute to improving your ratings by as much as several tables. Insurers want to see superb family history, an exercise program, low blood pressure, etc. These will be considered on a case-by-case basis so be sure to provide plenty of information.
- How old are you?
- Do you smoke?
- What is your weight/height?
- Do you have any other related problems?
- Has anyone such as your parents or siblings died from a genetic disease? What age did they die?
- Has your weight changed considerably for unexplained reasons?
Life Insurance for Overweight Individuals Best Tips
- Take the exam first thing early in the day before you’ve had anything to eat or drink.
- Drastic weight loss isn’t encouraged. Insurance carriers want to see that an applicant’s weight hasn’t changed beyond 10 lbs within the last one year. Therefore if you dropped 40 pounds in the past year, most companies would add back 20 pounds to your present weight which is half of what you lost.
- Include contact information for your doctor. Most companies will order the last 3-5 years of medical records from your physician. Also if you’ve made lifestyle changes such as exercise regimen or a healthy eating plan, be sure to include these as well.
- It is crucial that you use a broker who has extensive knowledge in dealing with overweight individuals. Some life insurance companies are more reasonable for than others. Don’t get trapped working with just one insurance company.