Obesity and Life Insurance
Do you know that insurance can be an additional assistance in fighting against obesity? According to statistics, 127 million Americans are overweight, and that’s a problem that ought to be addressed. Your weight influences how much you will pay for Life Insurance. Insurance carriers use health ratios to determine policy rates. You are likely to pay more for extra pounds. This is because obesity leads to much more serious health problems like heart disease and poses a threat of a shortened life span too. It follows that losing weight will help you lower your life insurance costs.
Notify your Life Insurance provider of a weight loss. When you achieve your target weight, Life Insurance carriers will reward you with substantially lower premiums. Winning the battle over obesity will not only help you become healthier, but will also give you a chance to start saving on your Life Insurance, which is an additional stimulus to train off.
Great article!
Our insurance brokerage has a saying “You don’t buy life insurance just with money, but with health!”
Obesity, like smoking, causes your premiums to rise due to the added health risk. Lose the weight, call your broker, and enjoy the extra money!
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I would like to get more references in support of reducing insurance premiums on issued policies if and when the insured reduces his weight to normal limits.
Many thanks
Not many people are aware that things like obesity and smoking can increase your health insurance premiums. Therefore, you might not find many references as not many people would have tried to get this benefit. My advice is that if you have lost a considerable amount of weight or have given up smoking, then get a quote from a competitor and call your insurance agent to get a better deal.
I disagree with the last comment. I think most ARE aware that weight and smoking DO cause your health and life insurance premiums to increase. I agree that most who have lost weight or stopped smoking don’t realize that they can/should talk to their agent to take the steps to get their premium down.