8 March 2013 0 Comments

Weighing In

standing on the scaleThere’s a lot in the news about obesity in the United States these days…seems as though we’re raising a generation of tubbies.  New Jersey Governor Christie has also been in the news, telling a doctor exactly what he thought about her comment that she was afraid of his dying in office due to his rather obvious height-weight ratio.  Her statement might have been inappropriate inasmuch as she did not have a total picture of his health.  Nevertheless, life insurance underwriters are concerned about your build when accessing the correct life insurance premium for your policy.

Being overweight does increase mortality.  If you’re 20% overweight, your mortality will generally be about 20% above the norm.  Premature death in those overweight is most commonly associated with heart disease, diabetes and a myriad of digestive disorders.  Just what is overweight when it comes to life insurance premium calculations?  That will vary from insurance company-to-company, but following is a guideline of what you might expect:

Height     Preferred   Standard   Table 2-4   Table 4-6   Table 6-8   Table 8-10

4’ 10”         153#          179#           210#           230#          250#           255#

5’ 2”           170#          197#           230#           245#          265#           275#

5’ 7”           196#          225#           255#           280#          300#          310#

6’               223#          256#           295#           320#          340#          355#

6’ 2”           234#          271#           310#           335#           360#          370#

6’ 5”           253#          293#           335#           360#          385#          400#

Each table rating adds about 25% more premium to a standard term premium policy.

There’s much more that goes into determining the premium, so this table is only a guideline.  Females at the upper end of a weight limit are likely to be rated in the higher category than a male due to different body build and there may be more leniency in the older ages due to the fact that people tend to add weight as they age.

There are other factors that can help such as favorable family history, low blood pressure/cholesterol, ratio of chest to abdominal measurement and a regular exercise regimen.  Point these out at the time you complete an application and make sure your agent so advises the insurance company underwriter.

If you have lost weight during the past year due to dietary and life style changes the underwriter will likely add back up to half of the weight lost due to the fact that most people tend to regain much of that weight.  So, if this is you, sell the underwriter that you are really serious about losing and keeping it lost!  As with any other underwriting concern, make sure you are dealing with an agent who can locate and sell the insurance company that will be most lenient with your particular set of circumstances.

Next…the problems of waiting too long to buy insurance and what you should do about that now.

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