Being fat and smoking isn’t a healthy signal for both a person’s health and pocket. Life indemnity companies have started to charge extra installment to provide insurance to smokers and people who are obese. The logic behind it is that these people are more prone to certain disease like cancer, diabetes and heart stroke. The healing to these diseases is high-priced compared to treatment to others. Even the medicines are very expensive and not easily available. Therefore, to cover the extra cost associated with these diseases, insurance companies are charging more premiums to such people. Since cancer is caused, by nicotine which is used in cigarettes and [spin] fat | overweight [spin] people are more apt to diabetes and heart diseases.
Insurance companies do a health test of the person who wants to purchase a health or a life insurance and if he is found guilty of smoking and [spin] obese |fat [spin] then you have to shell out more for your insurance requirements. People in fact have started to quit smoking and are trying to keep them fit by exercising. Well it benefits them both ways, regular exercising helps them to be fit and it is helping them to lower the cost of life insurance. In fact, you can keep a track record of your weight and if you find a significant loss in your weight, you can in fact demand a lesser installment rate in your monthly premium on your insurance. They have a weight chart where in they have a data of what’s the correct weight of a person. Data are made taking into account of a person’s age, height and sex.
Although some pro smokers group tried to argue with the insurance companies with the help of some data stating that, smokers and non-smokers are as prone to die as non-smokers of the same age group. However, the insurance companies have not accepted this argument and are charging up to 56 percent more on the insurance premium. Similarly, people who are fat are also not being saved; they’re also being penalized for being overweight. Insurance companies have some data that’s called BMI. They’ve taken into account all the factors like age, height and sex. Moreover, If you are found to be more then the recommended weight then you are liable to pay up to 50 percent more, in some cases that could even be higher by about 400 percent in the case where a person is extremely overweight.
Therefore, if you’re planning to purchase a life insurance policy, then it is always advisable to check your weight and if you’re overweight, then you should loose some weight and then apply for a life insurance. This way you can save good amount of money. Even though the same does not applies for smokers, which is because for a smoker, you’ve to prove to the company that you have [spin] consumed |addicted [spin] any kind of nicotine for the past 12 months. In many cases, some companies also extend this period to five years.