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How To Get Life Insurance With A Low Body Mass Index Or BMI
You’re someone with a lower than average weight compared to others of your size. Maybe you’ve experienced a sickness in life that has caused you to lose a lot of weight rapidly. This article will answer all your questions about your eligibility for life insurance with a low BMI.
We will talk about the different factors that companies are concerned about. We will give you information that will help you confidently make decisions about what kind of life insurance would be best suited for you.
Today’s Topic Overview:
- Answering The Underwriters’ Big Question: “Why Do You Have A Low BMI?”
- Life Insurance Insurance Coverage Options If You Have Low BMI
- Simplified Issue Life Insurance Products
- Guaranteed Issue Life Insurance Products
- Life Insurance Options Available For Somebody With An Open Mind
- Term Life Insurance
- Permanent Life Insurance
- Next Steps
“Why do you have a low BMI?””
It’s the main question that an underwriter at a life insurance company is going to ask you. All the questions will be based around your health. Say that your low BMI is related to health factors. They’re going to ask you questions about those circumstances.
“Did you have a debilitating disease? Do you have cancer? How rapidly have you lost your weight to get to this point? How long have you maintained this weight?”
Questions like these help underwriters to define how willing they are to take on your case. They get to the bottom of your current health. This tells them whether or not they want to approve you for some kind of coverage.
Say that your low BMI is caused by a health factor. That health factor is going to be the driving force behind figuring out whether or not you qualify for life insurance.
Say that your low BMI is just part of how you were designed and how you live, simply a fact of life. Then you’ll have a much higher chance of qualifying for life insurance.
What you need to do is hire an agent like myself to help you better explain how these particular elements impact on your eligibility for getting coverage. Have your agent write up what’s called a cover letter. The cover letter is included in the life insurance application.
It better describes somebody’s health issues. It better addresses the health concerns of an underwriter. A good cover letter can help clarify some of the discrepancies that life insurance underwriters will ask about.
It’s no different with a low BMI. You want your insurance agent to go into detail about how your BMI is ascertained and why it is low to begin with. Make sure you find someone like us here at BuyLifeInsuranceForBurial.com to help you with that.
What happens if you’re declined for life insurance with low BMI? Chances are that declination stems from some sort of health condition. We have to deal with the health condition first and then the low BMI situation later.
We help people like you get affordable life insurance, regardless of what your goals and budget might be.
We shop among a number of providers to find competitively priced options. If you would like to find out what you might qualify for, send us a message or call (888) 626-0439.
Life insurance insurance coverage options if you have low BMI
Simplified Issue Life Insurance Products
These products are designed to be liberal and open with underwriting issues. More so than traditional fully underwritten and no-exam life insurance products.
These products allow people with low BMI, even with health history issues that are related, to get quality life insurance in place.
I know many carriers that have minimal health conditions. Even with a low BMI, you may still get approved for first-day full coverage.
Say that you don’t have the health capability to qualify for simplified issue products. This is where a guaranteed issue product comes to the place. These products are designed not to ask health questions. If you can sign your name, then you’re generally approved for coverage.
This comes with some restrictions on how coverage is paid out in the case of natural death. But if someone is having difficulty finding a coverage then this is a good last-ditch effort to get some kind of coverage on the books.
If you have found this article useful so far and would like to receive a free quote, simply call (888) 626-0439 or send us a message using our contact us box.
You’ll work with a knowledgeable expert who can help provide more information with no obligation to buy from us.
Case study examples
Leave Money to Kids
A client recently got in touch because they had received a notice in the mail that their life insurance premium was going to go up in price. They were concerned about how they were going to afford the increase and wanted to see if Buy Life Insurance for Burial could provide a better rate.
This client had a low BMI and was concerned this would affect their ability to get affordable coverage.
We got their details and looked at a number of options. In the end we were able to offer a better price for first day coverage. Our client was so thankful that they wouldn’t have to continue to pay for an expensive policy. Though we can’t guarantee the same outcome for every client, we do our best to find affordable, quality coverage for every client who gets in touch with us.
COPD and Low BMI
A gentleman named Mr. Keats, who was in his 50s, recently got in touch with us to find out about getting life insurance to leave a lump sum of money behind to his kids. He wanted to give them the best opportunity in life by ensuring their financial obligations were taken care of.
In addition to a low BMI, Mr. Keats had COPD. He had heard this could cause applications to be rejected and was concerned about if he’d be able to get life insurance.
We took his information and shopped among a number of providers to find a policy that met his budget and goals. He was very pleased with the outcome and thanked us for getting him first day coverage. Though we can’t guarantee every applicant with COPD and a low BMI will qualify for coverage, we do our best to shop among a number of providers to find affordable coverage for every client we work with.
Top 5 reasons why people buy life insurance from a broker
- Great rates – One of the biggest advantages of working with a broker is that brokers have access to a number of providers, which means they can shop for the best rates given your particular application.
- More coverage per dollar – Because brokers have access to a number of options, they can find the best value per dollar for the particular coverage you are interested in and maximize your overall coverage.
- Client-focused service – Brokers at Buy Life Insurance for Burial are not tied in to selling one particular product. Because of this, we are able to focus on each client’s individual goals and work to get coverage that meets their needs.Companies that sell one particular product are not as client-focused because at the end of the day they can’t tailor the product to the client’s needs. They only have access to one product.
- Bias reduction – Life insurance will inevitably have some bias when it comes to age, health, and other factors, but working with a broker helps to eliminate some of those restrictions. If for example you have a particular health condition, brokers can go to the providers that work with that type of health condition and generally not only get you approved, but also at a more affordable rate.
- Appreciate options – We’ve talked a lot about options, but options are really at the heart of what sets a broker apart from an agent.Options mean that consumers can get the quality life insurance they want, meet their goals, and not pay more than they should.
Life insurance options available for somebody that has an open mind
Let’s discuss some other options that are available. Again, qualifying for these options depends on your eligibility and health. Understand that this is an overview, not a promise.
Term Life Insurance
Term Insurance is designed to provide temporary coverage at an affordable low price. It’s used for all sorts of life insurance related problems that need solving. Most commonly people buy term insurance to cover mortgages, debt, or to replace income.
Term insurance does not last forever. It cancels at a 10, 20 or 30-year mark, depending on the period that you purchased. In exchange, the premiums are generally much cheaper than the alternative plans.
Term Life Insurance Coverage – 10 Year Term – $100,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $250,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $500,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $1,000,000 in Coverage
Permanent Life Insurance
Permanent life insurance is the opposite of term life insurance. It never cancels due to age or health. Permanent life insurance lasts your whole life, as long as you pay the premiums. This kind of plan will guarantee you a death benefit. The only con to this product is that you will pay a higher price. It’s typically 5 to 10x as much compared to Term Life Insurance.
If you have a low BMI and you are a little bit older and looking for a plan to pay for your burial expenses then I recommend a permanent plan. We don’t know when we’re going to die. We do know that we need coverage like a permanent life insurance plan in place to do the job perfectly when we die.
Rates For $10,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
$150,000 Whole Life Insurance, Life Pay
$250,000 Whole Life Insurance, Life Pay
Stories from the field
This particular story I would like to share demonstrates how someone could potentially overpay on their life insurance, even if the company claims to offer the best rates.
One day early in my life insurance career I went to see a client I would later come to know as Miss Anita. She lived in a rural are just outside of Chattanooga called North Ridge.
As I neared the number I had as her address I noticed a bright pink mailbox along the side of the road.
Pulling into the drive I saw a pink Cadillac parked in the drive and one of the strangest art posters I have ever seen that depicted what could only be described as a jester.
This poster was displayed prominately in the front yard. Out came Miss Anita to great me. When we went inside I noticed the meager furnishings – a card table, two chairs, and a fan to fight the 90 degree heat that day.
We began to talk and Miss Anita shared with me how she had been one of the lucky few to make it out of New Orleans during Hurricane Katrina.
When flood waters evaded her home, she had swam to safety through the French Quarter by holding on to the back of a floating casket.
She made it to an ipass on I-10 where she waited for FEMA to pick her up a few days later and take her to the airport. When it was time for her to leave she discovered Al Gore was her pilot.
He had heard about her amazing survival story and wanted to help in some way, so he had volunteered to pilot her to safety in Tennesee.
After telling me this harrowing tale, she explained that her near death experience had encouraged her to get life insurance, but she felt like she was paying too much for the coverage that she had.
She had a final expense policy with $8,000 in coverage and was paying upwards of $250 a month. She was in overall good health, so there was no reason why she should have been paying so much.
I took her information and did a few price checks only to find that we could save her $1,800 in payments every year with the exact same coverage.
She was enthralled with this news and was relieved to not have to continue to dedicate so much of her monthly budget to her life insurance premium.
Life Miss Anita, many older citizens are taken advantage of every year by companies that claim to have the best prices and products. But the truth is rates should always be justified and fair.
Working with a broker like us at Buy Life Insurance for Burial gives you the best chance at getting the lowest prices for the best quality coverage because we are able to shop among a number of providers to find the best deal.
While I can’t guarantee first day full coverage for every applicant, I can say with certainty that dealing with a broker like us at Buy Life Insurance for Burial gives you the best chance of getting you the best coverage at a premium rate.
If you’re interested in qualifying for life insurance with a low BMI, visit my website. You can go to buylifeinsuranceforburial.com and grab a free quote.
I do ask that you message me first. You can do that by clicking the contact box; the one at the top or the bottom, and send me a quick message. Or just call me. The best way to reach me is (888) 626 0439, and speak with me live.
Thank you for stopping by. I hope you have found this article helpful. If you are wondering how the application process works or what you might qualify for, give us a call at (888) 626-0439.
Alternatively you can send us a message using the contact us box found on this page and we will respond within 24 business hours.