If you have a few extra pounds and are comparing Term life insurance quotes for overweight people, read this article. This article will help anyone that is planning on purchasing life insurance especially with a weight problem. Anytime an individual completes an application for life insurance they are subjected to an underwriting process. The statistics show that two thirds of adults in America are overweight. If you believe you fall into this category, there are a lot of people in the same boat.
When a person searches for life insurance quotes for overweight or obese people they have to be very careful. The rates that they may be comparing may not be obtainable for their height and weight class. This blog post is to help people with a weight problem find affordable Term life insurance they can afford.
At this point in time they need to reach out to an experienced independent insurance agent. An Agent will need to pre-screen their situation with a build chart to determine their rate class. Life insurance companies treat Obesity just as they would a normal medical condition. As you know this is a condition that could lead to heart attacks, strokes, Diabetes and even death. An overweight or obese condition is taken very seriously by all life insurance companies. We work with over 40 life insurance carriers and many of these offer excellent rates to overweight people.
What is the difference of being Overweight, Obese and Morbidly Obese? Most people don’t know the answer to this question.
Most people have wondered what is the difference between these three classifications. This terminology all revolves around your Body Mass Index. Medical professionals define “overweight” as a condition in which a person’s body weight approximately is 10%-20% higher than “normal”. This can be defined by a conventional height/weight chart, or as a body mass index rating (BMI) of 25 to 30.
Obesity is normally defined as a condition in which a person’s body weight is 20% or higher above normal weight or as a BMI of 30 or more. “Morbid obesity” normally means a person is either 50%-100% over their normal weight, more than 100 pounds over normal weight, or sufficiently overweight to severely interfere with their health or normal functioning of their internal organs.
Finding the best life insurance quotes online will require the knowledge and experience of an experienced Agent.
Your insurance adviser will run a medical pre-screen to see what life insurance rate class you fall into. He will contact multiple companies to see what companies will offer you the lowest life insurance rates possible. Being overweight or obese can easily place you in a high risk life insurance classification. High risk is usually synonymous with higher than normal life insurance rates. How much the rates will go up will depend on your specific height and weight measurements.
Our life insurance quote engine will allow you to compare instant life insurance quotes within minutes.
Just keep in mind that depending on your weight you may not be eligible for preferred rates. Here are
the four basic rates classes you can get to know and understand.
When you activate a quote engine you may be needing to look at Standard Plus rates or Standard. If you are very overweight you possibly could be placed in one of the other “rate tables”. Rate tables are life insurance rate classes that are below the Standard class. They run from number 1-10 or A-J depending on the life insurance company. For example, an applicant could be approved with a Standard rate class in “Rate Table D” or “Rate Table H”. The more obese the applicant is, the higher they go in the rate tables.
When you are using our life insurance quote engine, you will find the default health class is always shown as “Preferred Plus”. Change the menu to reflect “Standard” for a more likely premium if you are in fact overweight.
If this sounds confusing that is because it is and I advise you not to get carried away with this. This is a job for your experienced insurance Agent to concerned with. A Pre-Screen will indicate your proper rate class.
Here is a sample of multiple life insurance rates classes and overweight person may experience.
We will use a 40-year-old male applying for a 20 Term policy with a $250,000 face amount. Banner Life will be the company we will compare.
*”Preferred” – $257.49
*”Standard Plus” – $339.49
*The conventional “Standard” class – $380.99
*High Risk Standard “Rate Table B” – $479.24
*Higher Risk Standard “Rate Table D” – $618.98
*Increased Rating Standard “Rate Table F” – $758.73
*Advanced Rating Standard “Rate Table H” – $898.47
*The Highest Possible Rate Class Standard “Rate Table J” – $1038.22
If an applicant’s rate class exceeds rate table J the individual would be declined. This comparison clearly shows what is actually involved in quoting and overweight applicant. This is why a medical pre-screen is so important.
Here are some of the conditions the life insurance companies associate with being overweight.
- Various forms of heart disease and stroke
- Hypertension (High blood pressure)
- Diabetes (Type 1 and 2)
- Some forms of Cancer
- Gallbladder diseases and including gallstones
- Osteoarthritis (Brittle Bones)
- Gout (Severe Joint Pain)
- Respiratory conditions, such as Sleep Apnea
Here are some statistics that will give you a good idea how many people are overweight in America.
*There are more than 2 in every 3 adults are believed to be overweight or obese.
*Statistics indicate more than 1 in every 3 adults are believed to be obese.
*More than 1 in every 20 adults are believed to be extremely obese.
*About 1/3 of children and young adults ages 6 to 19 are believed to be overweight or obese.
*More than 1 in every 6 children and young adults ages 6 to 19 are believed to be obese.
The big questions is how do you get the lowest rates for Term life insurance for overweight people?
As I stated in the beginning of this article, contact and experienced independent Agent for assistance.
You can supply your agent with your information and let him shop the market for the lowest rates. You also have the choice of no medical exam life insurance to consider. NO Medical Exam life insurance policies can be approved as quickly as 24 hours depending on the carrier. If you are in a high risk life insurance classification these policies can work out well for you.
Your agent can help you find the best online life insurance quotes that you may qualify for. The independent Agents can find the best life insurance rates available because they work with many life insurance companies. Securing the best term life insurance quotes for overweight people is not difficult when you are working with a good agent.
The life insurance companies look for more than just your weight on your application. Here are some of the other criteria they review.
- Overall Health History
- Tobacco Use
- Driving Record
- Credit History
- Medical Records
- Dangerous Sports
- Dangerous Occupation
- Medications Used
Use our free life insurance quote engine to find low cost life insurance from over 40 trusted companies.
Give us a call and we can pre-screen your health conditions and give you an accurate rate quote. This would be an individual life insurance quote that you could expect to receive if you applied. Feel free to contact us 7 days a week for any questions you may have. There is absolutely no cost or obligation for our service. I hope this blog post has given you some new insight on shopping for Term life insurance quotes for overweight people.
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