Is your weight stopping you from getting best rates on life insurance?

If so, then check out how to save money on life insurance by defeating your body fat. Who doesn't want to save on life insurance premiums? It holds true for all of us, right? Issues like tobacco use, driving record, high blood pressure, cancer, and so on can raise your life insurance costs. Among these factors, being overweight can also boost your life insurance premiums. Before buying a life insurance policy, you must check out how your weight affects your life insurance costs.

Why obesity can raise your insurance premiums?

Obese people suffer from various health problems like cardiovascular diseases, type 2 diabetes, and more, which shorten their lifespans as compared to non-obese people. Hence, insurers view them as a risk as and as a result charge higher premiums from them.

How do life insurers know your weight?

Your height and weight are asked while filling out your life insurance application. It’s from here that your insurer comes to know about your weight and height. These numbers are seriously verified in your life insurance medical tests. Insurance providers also look at applicants’ previous medical records. So, suddenly going on a crash diet to lose weight before your medical insurance exam won’t lower your insurance premiums.

Can rapid weight loss lower your life insurance premiums?

Each insurance provider follows its own way to deal with weight loss. Generally, insurance companies won’t reward you if you have lost weight drastically over a short period of time. You’ll get bang for your buck only if you’ve maintained a healthy weight for at least 1 year. So, if you’re planning to save money on life insurance coverage by losing weight, maintain your new weight for at least 12 months and then purchase a life insurance policy. Otherwise, you have to pay high premiums for your insurance coverage.

How do life insurance companies determine risks related to weight?

Individuals should have an ideal weight according to their height (this is also known as the Body Mass Index [BMI]). Every life insurance company has its own height/weight chart, which decides the ideal height and weight of an individual. If you weigh extra pounds in relation to your height, you may have to pay higher premiums. In short, “the more you weigh, the more you pay.” For instance, Check out how life insurance premiums for a 35-year-old man of 5’9” height may vary according to his weight for a 20 year, $500,000 term life insurance policy. Weight 196 lbs. 206 lbs. 216 lbs. 226 lbs. 236 lbs. 246 lbs. Insurance Premium $310 $370 $412 $504 $593 $641 Also, find out how much a 35-year-old woman of 5’4” height may have has to pay as per various weight levels, for a 20- year, $500,000 term life insurance policy. Weight 166 lbs. 176 lbs. 186 lbs. 196 lbs. 206 lbs. 216 lbs. Insurance Premium $260 $314 $367 $473 $578 $595

What else helps you to lower life insurance premiums other than losing weight?

Leading a healthy lifestyle like quitting smoking, doing more exercise, and eating a balanced diet helps to lower your insurance premiums. Though it’ll take some time to get the best benefits of these lifestyle changes, it’ll prove profitable for you in the long run.

To conclude,

It can be said that you reap what you sow. If you maintain a healthy lifestyle and adopt healthy habits, you can surely get the best rates on your life insurance coverage. But, don’t forget to compare rates when shopping for a life insurance policy.