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The Best Providers Of Life Insurance For Obese People

life insurance for obese

Life Insurance For Obese

Obesity is a global problem, especially in the United States. The recent statistics show that almost 3 million Americans are obese. It is increasing every year. If you think you are beyond your ideal body weight and want to apply for life insurance, then you need to read this article in full.

Fortunately, some insurers specialized in providing life insurance coverage for obese people. Getting the service of an independent insurance company like Coach B can save you time and hassle. Also, it will decrease your chances of getting a denial.

We at Coach B. are working with more than 50 reputable insurers in the United States. Also, we already helped thousands of clients to land life insurance that is tailor-made for them. We can provide every detail that you need to know when it comes to life insurance and obesity.

Maximum BMI For Life Insurance?

Each year there are increasing data of obese Americans. If you want to know if you have been to this group, you can quickly check using a Body Mass Index calculator. BMI is computed based on height and weight ratio. For instance, a BMI of 19 to 24 is healthy, and 25 to 29 BMI is already overweight, while above is obese.  

Another example is if you are 6’2,” then a required BMI is between 150 to 190 pounds. If you are weighing 234 pounds, then you are already considered obese. 

If you are suffering from similar problems, you can still apply for life insurance. Good thing some insures are not too strict as the BMI chart. All you need to do is to find the right insurer for you. 

Is It Possible For An Overweight Or High BMI Person To Get Life Insurance?

Life insurance policies are available for people with this type of health condition. However, they need to discover a company that accepts overweight applicants. Aside from weight, there are other factors to consider, such as age, lifestyle, gender, overall health, and extracurricular activities. 

If you want the best company for overweight individuals, you can opt for Prudential, especially if you are already 60 years old. They can offer the most lenient guidelines among top-rated insurance providers. Find out more about Prudential below. 

What Is The Weight Limits To Be Considered As Obese For Most Life Insurance Providers?

The truth is that insurers have a diverse definition of what is obese for them. A physician might tell you that you are already considered obese. However, if you apply for insurance like Prudential, they can still offer you preferred risk classification. You will always get the same rate as someone with a normal BMI. 

Prudential is indeed very lenient in weight and health ratio, but not all companies offer the same feature. Each has its way of determining the risks of a client. That’s why you must work with an expert independent agent. They know the list of the best insurers for people with weight problems. 

How Much Is The Rate For Obese People?

Here, you will find an ample table with rates per age for obese individuals. Mostly, insurers will overlook minor health problems. They are most concerned with diabetes, history of heart disease, and cancer. In case you are suffering from a severe health condition, then expect to pay more than what is included in the table below. 

20-Year Term with $250,000 Coverage for Obese Male

Sample rates for males who are 5’9 and 240 pounds with increased cholesterol levels and high blood pressure.

Age

Monthly Rate

30

$22

40

$35

50

$80

60

$176

Whole Life Insurance Policy with $250,000 Coverage for Obese Male

Sample rates for males who are 5’9 and 240 pounds with increased cholesterol levels and high blood pressure. 

Age

Monthly Rate

30

$176

40

$280

50

$693

60

$1,020

 

Factors That Might Affect Overweight Applicants Rates 

1. Personal and Family Health History

The health history of both personal and family can affect your application. It is about genetics and diseases associated with it. However, insurers only look at immediate family members. Providers are concern about diseases like cancer, heart problems, diabetes, and stroke. Also, insurers will give more emphasis on your weight than the history of your family. Having a history of diseases in the family can create a minimal impact on your risk classification. Being obese and with a family history of the disease can have a significant effect on your rates. 

2. The Insurer of Choice

Insurers will have a diverse category in terms of calculating the risk of BMI. Some insurers will offer a higher monthly premium, but some may look at it as something not afraid of. You can still get a preferred risk category if you are in good health but obese. 

Every company is unique, which makes it harder for you to find which one suits you. You will indeed do it alone with the help of an independent agent. It is possible to find the best insurer in less than an hour. Also, get the coverage that your family needs in the future.  

3. Type of Policies

Moreover, the price depends on the type of policy and its coverage. If you want a Permanent plan, you need to become aware that it has a higher premium than the Term Life plan. The reason for when a permanent policy is a bit costly is the fact that it can offer lifelong security. Some clients also use permanently as protection against estate taxes. In case you are not looking at it that way, you can opt for term life. 

There are No Medical Exam Policies that are far more expensive than other policies that require a medical test. If you think that you are in good health condition without underlying health issues, you can just set up a doctor’s meeting. In some way, no medical exam can save you a considerable amount of money.

Another choice for obese people, especially with a severe health condition, is a Guaranteed Life Policy. Also, it can help those who have been declined for life insurance before. If you do not fit into traditional life coverage, then it is the best choice for you. 

In this case, guaranteed is the most favorable option for you. Most policies can offer $25,000 of coverage, but take note of the two years waiting time. 

4. Other Underlying Medical Conditions

Usually, insurers will dig deeper into your medical history to determine how risky you are as insured. High blood pressure and high cholesterol are considered minor for most insurers. However, severe medical cases like diabetes, heart diseases, and cancer with obesity will limit your choices and sometimes lead to denial of the application. 

5. Age

One of the most critical factors in determining the rate of a policy is age. It is good to try to purchase life insurance as young as you possibly can. The older you get the more expensive it gets. After 75, it could be too late. The majority of insurers stop offering a policy for people aged 80 and up. 

Permanent and term life coverage starts to diminish at the age of 65, and prices will soar high. If you are obese and do not have any plan of weighing down, it is good to apply for life insurance while still young and healthy. Doing so will make you save a considerable amount of money. Insurers will start to offer higher rates of 10 to 15 percent after the age of 50. 

Furthermore, there is indeed no right time for buying life insurance. However, many expert agents will tell you that it is wise to buy while you are still young, significantly overweight, or obese. As people age, health tends to decline, especially for people carrying excess weight.

Comparison Of Life Insurance Rates

If you are searching for the best answer to how much you are going to pay and the coverage that you can get, you can get the information you need from Coach B. we can provide you with a quick quotation for you to have an idea of how much you need to pay. You can start your journey with the use of an instant quote.

Are Whole Life Or Guaranteed Issue Insurance Policies For People With Excess Weight?

Here is a quick review of different life insurance coverage types if you want to know your options. Read on to know which one is best for your family’s future needs. 

Term Life

First on the list is the general term life policy. This plan has a definite term that is typically between 5 to 30 years depending on the insurer. It is the best choice for people who want to secure their family after death with a death benefit. Also, it is for the family’s financial freedom from debt after the end of the insured.

For instance, you have a car loan with ten years left to pay and a mortgage of 5 years to produce. You choose 15 years term life. It can cover payment for unpaid loans and debts in the vent o your untimely demise within 15 years. Also, take note that you will not get anything if you outlive the term. 

Generally, it is the most affordable type of policy, but if you have a severe health issue, then you might be declined. Getting an agent as your partner in your search will give you more options and avoid paying for higher rates.

Permanent Life

It is not like the term life with an expiration date. A permanent can offer lifetime coverage for the insured and their family. If you reach the maximum age of the policy, that usually is 121 years. The policy will remain in effect as long as you are paying the monthly premium. The best feature of permanent life is that it earns cash value that serves as an investment for policyholders. It is a built-in investment that is why it is expensive than term life. 

You can choose from a different type of permanent, but we recommend the kind that does not include an investment value. It is good to opt for insurance that is not tied to a particular market. 

People who choose this type would like to leave some money for their loved ones after their death. Beneficiaries can be your spouse, children, or anyone who relies on your financial support. 

For obese individuals who want permanent coverage, we can suggest that you look at a guaranteed universal life policy. It is a type of policy that more affordable than the traditional permanent one, and it does not have an investment feature. You may use our quote tool to find out more about the rates. 

No-medical Exam

As its name implies, you will do not need to under any medical examination. With traditional policies, you need to go through a series of tests like blood, urine, stool, and more. A medical practitioner will get your sample to be taken to a laboratory. Results will directly go to the insurer for the underwriting process. No medical exam policy takes out this time-consuming process. 

Guaranteed Issue

If you are obese and experienced a denial before with a traditional life insurance plan, this policy might be for you. Typically, a policy can offer coverage of up to $25,000. No matter what health issue you are in, you will get the content that you need. It is another no medical life plan, but it is expensive than others. 

It is known as the last resort for those people who do not have any choice. An expert agent will only offer it to you if you do not qualify for any aforementioned type. 

The Best Provider For Obese People

Being overweight or obese is not the end of the road for those who want to secure their family’s future. Here are the top 5 choices for life insurance providers with the best policy for people with weight problems. 

1. Banner Life

This insurer is very well known for its affordable term life rates for people with weight issues. Aside from that, they have the most straightforward application process, and they can provide their obese clients with a 35 to 40 years term policy. Also, they are the best insurer for people with diabetes. They have the most affordable term life policy for people who are overweight and with diabetes.

Financial Rating

Prices

Policies

Reviews

Our Review

A+

$22.91

§  No medical exam

§  Level term policies

§  Permanent policies

A+

4.8/ 5

Riders:

  • Child Protection
  • Disability Waiver of Premium
  • Accelerated Death Benefit

2. Protective Life

If you are looking for great choices, then Protective Life might be the right insurer for you. They can provide you with a long list of plans. Moreover, they are popular because of their completive rates for obese people. Aside from that, they specialized in cases of clients with heart diseases. It is a financially stable company with higher consumer rates and positive reviews.  

Financial Rating

Prices

Policies

Reviews

Our Review

A+

$22.82

§  Level term policies

§  Permanent policies

A+

4.7 / 5

 Riders:

  • Child Protection
  • Accelerated Death Benefits
  • Accidental Death Benefits

3. AIG

This insurer is well known for its top of the line underwriting practices. The company mostly offers term life policies with an option for customization and a wide selection of riders and additional benefits. It is also the best choice for a female who is at the age of 60.

Financial Rating

Prices

Policies

Reviews

Our Review

A

$22.91

§  Level term policies

§  Permanent policies 

§  Guaranteed issue

A+

 4.6 / 5

 Riders:

  • Child Protection Riders
  • Disability Waiver of Premium
  • Accelerated Death Benefit
  • Accidental Death Benefit.

4. Pacific Life

This insurer can offer the best rates for people with weight issues. Also, they boast an easy and quick online application. One can choose from various policies from term to permanent life coverage. 

Financial Rating

Prices

Policies

Reviews

Our Review

A+

$22.88

§  Level term policies

§  Permanent policies

A+

4.6 / 5

 Riders:

  • Accelerated Death Benefits
  • Disability Waiver of Premiums
  • Child Protection

5. Prudential

This insurer can help obese people with underlying health problems. They can offer policies for those who have diabetes, heart problems with affordable rates up to 65. If you are above 65, our agents can help you find the right policy for you.

Financial Rating

Prices

                  Policies

Reviews

Our Review

A+

$32.38

§  Level term policies

§  Permanent policies

        A

      4.8 / 5

      

Riders:

  • Child Protection
  • Disability Waiver of Premium
  • Accelerated Death Benefit
  • Accidental Death Benefit

Useful Tips for Affordable Life Insurance for People with Weight Issues

1. Always Visit your Doctor

Overweight and obese people need to visit their doctor regularly. Follow-up, check-up, and listening to your doctor’s advice is vital for good health. Also, it is essential to take any medication on time. 

Insurers will review your medical records, and they will call your doctor to ask for updates. It makes a positive impact if you regularly visit your doctor. In case your history shows that you are not following the doctor’s advice and follow up, they will view you as high risk. It is because you are not concern about your health. As a result, they may offer you a higher premium with limited coverage.

2. Balance Diet and Healthy Lifestyle

You do not have to lose 50 pounds before your application, but eating healthy will make a huge difference. Also, heavy exercise and a crashed diet is not suitable for your liver enzymes. It is good not to do a rapid diet and exercise activities before your medical exam. Hence, stop eating oily foods and do not drink alcohol weeks before the medical examination. Above all, enough sleep the night before the exam can help get good results.

3. Contact an Independent Agent

Independent Insurance Companies like Coach B works for the interest of their client. They are not working for a particular insurer so that they can give you a wide range of choices and personalized pieces of advice. 

Obesity with Other Health Conditions

Obesity comes with other pre-existing medical issues. That’s why many obese clients are facing a fear of denial. The following are common factors most insurers consider:

  • How long is the illness?
  • How serious is your condition?
  • How are you managing your health condition?
  • Are there other complications?
  • Do you have a family health history?

Your answer to these questions can affect the rates and coverage. In case you have a pre-existing health condition, then the underwriting process will become more complicated for you. It is better to make a comparison through different quotations from an independent insurance company like Coach B. You can quickly contact us at 800-342-1537.

Life Insurance Need Calculator
This calculator will help you to decide how much life insurance you need if your survivors invest the life insurance benefits they receive.

Funeral cost, estate taxes, etc. ($):
Amount needed to pay off non-mortgage debt ($):
Amount needed in emergency fund ($):
Amount needed in college fund ($):
Expected average annual living expenses ($):
Expected spouse's average annual income after taxes ($):
Annual Social Security Benefits ($):
Spouse's current age (#):
Value of current liquid assets ($ total of savings, investments, etc.):
Expected survivor's investment strategy:
Life insurance needs:

Meet the team

About Coach B.

After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers — without ever bugging or pushing them.

In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. — whether they end up buying a policy or not — has the best possible experience.

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