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In Today’s Article, We’ll Discuss How You Can Qualify For Final Expense Life Insurance, Even With Challenges With Weight Or Obesity
Here’s An Overview Of Today’s Topics:
- How To Define Healthy Weight, Overweight, and Obesity
- How Carrying Extra Weight And Obesity Affects Final Expense Life Insurance Qualification
- Obesity And Being Overweight Usually NOT An Issue
- Companies With No Weight Charts
- Burial Insurance Rates, Age 40 to 90
How To Define Healthy Weight, Overweight, and Obesity
Have you ever wondered if you have a healthy or unhealthy weight? The best “quick and dirty” tool to use is what’s known as the Body Mass Index chart.
The Body Mass Index chart grades your weight in relation to your height. It is designed to give you a basic understanding of how healthy your weight is relative to your height.
For example, if your BMI is 25 or less, you have a normal weight. If your BMI ranges between 25 and 30, you are overweight.
Finally, if your BMI is over 30, you are obese. And while using BMI is a quick way to judge your weight, the method is not perfect.
For example, if you’re a male and have a bit of muscle, the BMI chart may say your overweight when you truly aren’t. Regardless, using a BMI chart is a good start. Why? Because it’s important to determine whether or not you have a healthy weight.
How Carrying Extra Weight And Obesity Affects Final Expense Life Insurance Qualification
It is true. In some circumstances, carrying excess weight will affect your ability to qualify for final expense whole life insurance.
Luckily, this is a problem we can remedy, as long as you work with a broker.
In case you don’t know, brokers in the final expense insurance business will shop the most competitive insurance carriers. The goal is to give you coverage with the best combination pricing and underwriting.
Obesity And Being Overweight Usually NOT An Issue
Thankfully, final expense insurance utilizes what’s called simplified issue underwriting. This means underwriting allows for more leniency on issues such as being overweight or obese. Ultimately, this means in most circumstances weight issues do not have an impact on insurability.
But when it is an issue, here’s how we handle it.
Companies With No Weight Charts
There are a handful of final expense whole life insurance carriers that do not care about your weight. If you believe your weight may impact your ability to get insurance coverage, qualifying for a carrier that doesn’t care about weight is the direction you want to go.
A Case Study
Several years back, I qualified a client for coverage. He was 5’10”, and weighed 450 pounds. Other than his weight being high, he was in good shape.
Therefore, I was able to qualify him for preferred coverage at a very competitive price. This occurred around 2014. Around two and a half years later, he abruptly passed away. And his coverage paid $20,000 towards his burial and final expenses.
Qualify For Final Expense Whole Life Coverage While You Still Can
You should qualify for burial insurance while you’re still healthy. Having weight issues, you should get burial insurance now. Why? Price only goes up as you age. And it may be impossible later on to qualify if your health deteriorates.
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
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