Life Insurers Use The Body Mass Index To Tighten The Belt On Overweight People

Overweight people are in the firing line again. Life insurance companies are increasing premiums up to four-fold for fat people. They’ve always charged more for those of us who over-eat, but during the last year, the penalties have got worse. 

In moves to tighten the belts further, the life insurers lower the weight limits they use to categorize people. This tougher move means that those who are merely overweight and would have previously qualified for a standard premium are now penalized with higher premiums – and the premium rapidly rises the more overweight they believe you are. 

Height and weight are just two of the questions you have to answer when applying for life insurance. From them, the life company calculates your Body Mass Index, and if that exceeds the limits they define as acceptable, they might ask for a doctor’s report. In bigger cases, they might ask you to have a medical examination. If this confirms that your weight is of concern, then you can expect your premium to be loaded by at least 50% and as much as 400% if you’re really obese. Recent research shows that around 25% of applicants will experience problems getting life cover due to their weight. In extreme cases, the insurer will even refuse the application. 

In acknowledging normal middle-age spread, the insurance companies take your age into account when deciding your premium. They accept that people naturally tend to put weight on as they age. If you’re young and overweight, however, they’ll certainly strike you. So overweight and you will hit 38 much harder than overweight and 58. 

For example, insurance companies will currently quote a nonsmoking healthy man 35 years old asking for $150,000 level cover over 25 years $18.77, but this could easily jump to $35 if he is overweight and up to $47 if he’s obese. 

And obesity is certainly a growing problem. Over the last 20 years, obesity in adults has rocketed, with more than 60% of men and 50% of women being judged as overweight or obese. And signs are that the problem won’t improve. In children aged between 2 and 15, 28% of girls and 22% of boys are overweight. 

How do you rate on the Body Mass Index? 

Calculate your own BMI.

  • Note your weight in pounds and multiply it by 703. 
  • Divide the result by your height measured in inches 
  • Again divide the resulting number by your height in inches. 
  • The result is your BMI. 

The typical insurance company considers a BMI of between 18.5 and 24.9 as normal. Above 25 classifies you as overweight. Over 30, you’re obese. 

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