Agent, Rural Mutual Insurance Co., Union Grove, WI
Life insurance insurance rates are determined by a very complex equation that the insurance carrier has developed. Some the things that will be taken into consideration in this equation will be your height, weight, your habits, your medical history and your families medical history. Your weight is only part of the whole equation depending on how far outside of the federal height and weight guidelines for your sex will determine how much your weight will affect your rate. Getting a rate for coverage is typically free and I would recommend contacting a local agent to discuss coverage availability and pricing.
If you are moderately overweight, it will not affect your rate much at all. If you are obese, the policy may cost double or more of what a policy for those with "prefect" weight would be, but the price is still very affordable. Being morbidly obese can restrict your choices to No Exam policies that have higher prices. In any event, overweight persons can get life insurance, and using an agency that specializes in policies like that can save you hundreds of dollars.
That is a great question! Insurance companies are all about risk. If you have a lot of tickets, or accidents, your auto insurance rates will be high. If your home is in an area where hurricanes are common, your homeowners will be high. Likewise, if you are obese, you are much more likely to develop weight related diseases that can affect your life expectancy. Diabetes, high blood pressure, strokes and heart disease are found more often with people that have issues with their weight. Being too thin carries similar risks. Many insurers will have a set standard for your weight and height that they will use to help determine that risk. They will use that to help determine your rate. The less risk there is that you will pass away sooner than later, the lower your rate will be. I hope that helps, thanks for asking!
Being extremely underweight, or extremely overweight, can cause you to be declined for medically underwritten life insurance. However, you can still get simplified issue, or guaranteed issue policies, in most cases. The face amount for this type of policy is usually capped at $25,000 but some allow you to take more. Some policies are graded; others are not. Premiums are based on your age, so it is impossible to give a number here. They are not cheap, but by shopping we can sometimes find some surprisingly low rates for those who are morbidly obese.
If obese or just overweight, you can usually find a medically underwritten policy. These will run higher than someone with perfect weight and perfect health, but sometimes run no more than the perfect health person whose father had a heart attack before age 65. In other words, you just need to have a personal consultation with an agent (phone or email is OK) who specializes life insurance for those who have weight issues, and let them find your best price
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If obese or just overweight, you can usually find a medically underwritten policy. These will run higher than someone with perfect weight and perfect health, but sometimes run no more than the perfect health person whose father had a heart attack before age 65. In other words, you just need to have a personal consultation with an agent (phone or email is OK) who specializes life insurance for those who have weight issues, and let them find your best price