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2014-6 Best Life Insurance Companies for Build (Height & Weight)

by Scott G on September 4, 2013

6 Best Life Insurance Companies for Overweight People-Build

Best Life Insurance Companies for Overweight People in 2014

If you’re thinking about buying a new life insurance policy but have a concern that your waistline may prevent you from qualifying or from receiving a competitive price,  don’t fret you’re in luck.  If you look in the mirror and don’t see that of a fitness model looking back at you, rest assured can still receive a terrific rate on your next life insurance policy.  To make things even better, if you shed some of those spare lbs. in the future you can even reapply at no cost to receive lower rate that reflects your new weight!

Build and Life Insurance

Why is build (your height and weight) so important in life insurance underwriting?  Well it comes down to risk exposure and the fact that being overweight may increase your chance of developing a major health problem such as; diabetes, heart disease, stroke, sleep apnea and even some cancers.   

Sample Premiums for an Overweight Applicant

Here are the monthly premiums for a 40-year old male who is 5’10 and 240 lbs. applying for $250,000 on a 20-year level term 2014:

1. Genworth Life and Annuity Insurance Company Genworth Life and Annuity Insurance Company-$31.28

2. SBLI (Savings Bank Life Insurance Co of Mass)SBLI (Savings Bank Life Insurance Co of Mass)-$34.80

3.Banner LifeBanner Life-$35.22

4. Protective LifeProtective Life-$36.04

5.  American General Life Companies - All states except NY (AGL)American General Life Companies (AIG)-$36.88

6. Transamerica Life Insurance Co.Transamerica Life Insurance Co.-$37.19

 

Wrap Up

As you can see in the table above, prices are still really low for those carrying a few extra pounds.  It’s vital that you don’t put off securing a policy now.  As mentioned earlier if and when you lose weight that will place you into a rating class with a lower premium, reapply then for free.  The insurance company will issue you a new policy based on your improved health and build at that time.  If for some reason the insurance company finds a new health problem, they can’t change your existing coverage.  It’s a win-win.  Remember no one knows what lies ahead and by postponing the locking in of coverage today could have disastrous consequences tomorrow.  Hopefully this list of the best companies for build will assist you in finding the lowest rate in securing a good policy to protect your family.

Compare the lowest rates now

     

    *Rates as of 09/04/2013. The information in this post is for informational purposes only and is not a guarantee of rates and insurability.  Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.

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