If you are shopping for life insurance there are a number of things you can do to help us get you the best rate. Life insurance companies look at a number of factors regarding your health before they offer you their best rate. Here are some of the factors:
Current health- There is not a lot you can do if you have had an illness or have had past health issues. However, making good choices to maintain a healthy lifestyle can help reduce both life insurance and health insurance costs.
Tobacco Use– Stop now—it will help reduce your life insurance costs.
Weight- The latest studies show that 35% of Americans are overweight. Another 25% or so suffer from obesity. Know what your body mass index (BMI) is. BMI combines your height, weight, and percentage of body fat to create your BMI. Typically, the higher your BMI the higher your premiums. Your weight also plays a role in determining your health insurance costs. If you are purchasing an individual health plan being overweight can increase your premiums.
If you have an individual life policy and have lost weight, it might benefit you to get a quote from a new carrier. Typically, weight loss or gain during a current policy will not change rates. That is why term insurance is a good product, as you can change carriers if you have improved your health situation. Contact us today. Let us help you reduce your premiums.