Like life insurance treatment for lower heights and weights, when you are very overweight, even what would be called morbidly obese, you need to know that you have an agent that knows where to look for the best possible approvals.
In another post about build we discussed how at 6’, 215#, the wrong choice of company could make as much as a 30% difference in the rate you pay. Every company has a build chart and from company to company there is enough difference that it pays to know that you are using the one most favorable to you. When we jump into higher weights it might not be a matter of paying more for your life insurance, but the difference between being approved or declined. Every company build chart ends somewhere, and because there are some inherent health risks with obesity, some companies choose to end their obesity risk sooner than others. If obesity didn’t have any impact on overall health then companies wouldn’t have any need to even weigh clients on the exam.
But obesity is a condition and almost never, left unchecked, remains a stand alone health issue. Our country is in the midst of an obesity epidemic which has led to an epidemic of type 2 diabetes. The most common risk of death is heart attack and cardiac issues are often caused by or at least exacerbated by obesity. Cancer, stroke and high blood pressure can all be caused by obesity.
At Risk Life we stay abreast of the latest changes in obesity risk life insurance underwriting. We want our clients to know that we have checked all the companies before we recommend a company and rate to them. If you’re 6’, 360# or 5’5, 295# we want you to know that we aren’t going to point you in a direction where you are declined before you get off the scale or worse yet, like too many agents do, never called back.
Not to chase rabbits yet again, but at Risk Life we will never just ignore you. Even if we can’t help you we will call and talk about why and what it would take to change that outcome. Not finishing the discussion you started by contacting us is not an option.
While on the subject of obesity it’s always worth talking about weight loss and how that affects the underwriting outcome. Generally if you lose more than 20#’s in one year, half will be added back in simply because that mirrors reality. Most quick weight loss isn’t sustainable. Once you’ve kept the weight off a second year you get full credit.
If you decide to medically intervene and have a gastric bypass or some other form of stomach restricting procedure, you will be off limits for underwriting until your weight has stabilized for 6 months to a year depending on the company. Bariatric surgery used to get a chilly reception from underwriters, but with the medical truth slapping them in the face daily, things are changing. When people who were on their way to dying can be cured of diabetes and hypertension, that’s a positive turn of events and should be encouraged with better underwriting. We’ll go more in depth into weight loss underwriting in other posts.
P.S. Keeping in mind that the build charts for most companies stop short of approval for many of you who are obese, if you’ve been turned down or just want to have a conversation about where you need to get to for an approval, call or email us directly. We can help.
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