Can you get get life insurance if you are overweight? The more overweight you are, the more risk you pose to an insurance company. If you’ve been denied life insurance coverage due to your weight, it may be due to the fact that you may be considered a “high risk”. Here’s an ultimate guide to overweight life insurance.
- Can You Get Life Insurance If You Are Obese ?
- Who is considered high risk?
- What are the effects of being considered high risk?
- How to get overweight life insurance
Can You Get Life Insurance If You Are Obese ?
The medical field currently doesn’t know the exact cause of being overweight. However, when it comes to dealing with a fat person, they prefer to take the safe route, which is usually referring to the blame on their lifestyle. Therefore, if you are fat and have been denied life insurance coverage for the following reasons, you probably have a higher rate of being morbidly obese: Failure to exercise enough muscle mass.
Being underweight due to eating too little food. Lack of exercise, due to not having enough energy to do so. Having an eating disorder, if you’re dieting. Not having regular doctor’s visits, which is common for people with a lower income. Excessive smoking. Environmental toxins in the air, water, and food, for example, drinking sugary drinks.
Who is considered high risk?
Studies indicate that if you’re over the normal weight for your height and age, you’re considered “overweight”. You don’t need a doctor to confirm this; this is the one medical measure we know to be reliable. The next test that insurance companies use is your Body Mass Index. BMI determines how much weight you’re carrying in relation to your height. The higher this number is, the more overweight you are.
If your BMI is above 30, you’re considered obese, and you could be denied life insurance coverage. The average BMI for men is 28, and for women, it’s 27.3. Types of Life Insurance Coverage Leveraged Life Insurance: Leveraged Life Insurance is an insurance contract that spreads the risk over a larger pool of people. It’s like a regular life insurance policy but there’s a wrinkle.
What are the effects of being considered high risk?
Each life insurance company has a slightly different method of assessing “risk”. Here are the two most popular. First, they simply look at the fact that you’re overweight. If you happen to be 300 pounds or more, you may be considered a “high risk” for life insurance. When used appropriately, “life insurance” can be a tool to compensate for financial uncertainty that is associated with obesity.
For example, you may need life insurance if you’re losing a lot of weight and will need to keep it on permanently as a result. On the other hand, if you are unable to get life insurance due to your weight, you may find yourself in a worse financial situation later on.
How to get overweight life insurance
As a morbidly obese person, you’re likely to be considered “high risk”. In other words, some insurers may refuse to offer you coverage. Luckily for you, we’re here to help! If you’re struggling with getting insured, don’t fret! There are a number of ways to overcome your weight problem.
A Personal Fitness Plan Want to get life insurance but have difficulty meeting the 100lb weight loss requirements? There are ways to get overweight coverage. You’ll first need to lose 100 pounds. You’ll need to lose all of your excess weight in an allotted time, so that your excess weight will still be in your body in case of a medical emergency. The first question you should ask yourself is why you want life insurance.
Clearly, being obese increases your risk of dying, because there are more complications associated with being overweight. Obesity’s impact on your quality of life and financial independence might be more severe than any health condition you have.
The truth is that you can’t change the health of your body if you don’t feel comfortable in your own skin. And you definitely can’t get past the “beach body” myth until you own your own lifestyle. Achieving weight loss is hard. It’s not easy and it takes a lot of dedication. And no matter what methods you choose, the outcome isn’t guaranteed. However, you don’t have to lose the weight just to stay on track with your personal health. You can live the rest of your life by becoming healthier and fitter than ever. Your life will improve.