BMI : How does it affect your life insurance?

Did you know that your BMI (Body Mass Index) plays a vital role when it comes to your life insurance costs?

If your BMI is too high, insurance increases, you may have a loaded premium, or worse – you may be completely refused cover. Further problems such as high blood pressure make this situation more likely.

While the cheapest deal may be the most attractive, when your premium is hiked due to health issues, a customer can become very confused.

However, talking to an independent adviser can help you save money and stress. They will assist the consumer in comparing insurers, and seek out the best premiums for specific conditions and circumstances.

A BMI as low as 27 can result in a loaded premium. BMIs in the region of 30-37 could mean a 50% load and those over 37 could be flat out declined cover. However, this is just a guide and actual loading will depend on individual circumstances and insurers.

The BMI level at which premiums are loaded has dropped significantly over the last few years. Additionally, while premiums used to jump by approx 20%, now they increase by around 50% and more.

Speak to an independent adviser to help you with your life insurance enquiries at Life Search. Remember – do not be attracted by simply the cheapest insurer, as it will most certainly cost you in the long run.