Life Insurance V the Overweight
It is no secret that adults (and more worryingly) children are weighing more and more, and in turn, costing the government more and more. It is estimated that obesity is costing the health service over 15 billion per year, not to mention what it is costing those patient’s employers, as obese people are statistically more likely to take time off work.
Even with all the relevant health warnings, the government still predicts that these figures will continue to rise, as obesity problems are becoming more apparent with children. This creates a Catch 22 situation; consumers will be refused life insurance because of their weight problems, while insurance companies struggle to find candidates that fit their criteria. The question is, do people feel that life cover is important enough to hand over such a big chunk of their wages?
Obese people (men and women), pay on average 33% more for their life insurance than those who fall into the ‘normal’ weight brackets, and some people are even refused life insurance. With the rise in obesity, theoretically there will be a fall in sales of life insurance, which brings both the consumer and seller a stale-mate. Surely, life cover prices must be brought down to cater for the inhabitants of a country whose obesity statistics may well take over America’s? It would be easy to say that this problem could be solved by the obese adopting more healthy lifestyles, but for the meanwhile, there is no getting round the fact that life insurance is extremely important to have, for yourself and those closest to you.
Most companies now offer a life insurance policy that would suit you. To find the right one it would be more beneficial to compare life insurance online, to find the best life insurance quote for you.
