New Year’s Resolution: Health Changes for better Life Insurance Rates!

Tuesday, January 3, 2017

By: Sarah Quinn

New Year’s Resolution: Health Changes for better Life Insurance Rates!

Eat less, exercise more, and help get yourself the best life insurance rate class possible! Make your new year’s resolution to evaluate your life insurance portfolio and make sure you are paying the lowest possible premiums. If you didn’t get the best rates at the time your policy was issued, you might be able to replace your existing insurance with a policy at a better rate. This could be possible if you’ve had significant health changes. Some examples:

Build: Most companies have strict build charts for height and weight. If you had a life insurance policy issued at Standard rates due your weight, but you have since lost 20, 30 or maybe even more pounds, let us know. This could help you get to the next rate class, or maybe even up multiple classes!

Smoking status: If you are a smoker, your life insurance premiums are typically double what a non-smoker would pay. Once you’ve quit smoking however, it is possible to get your premiums back down. Typically after 3 years of being smoke-free, you can get approved at a Preferred non-smoker rate.

Cholesterol, blood pressure, and other lab readings: Many people deal with high cholesterol, high blood pressure, and other lab values that can sometimes be higher than we’d like (A1C, liver function, glucose levels, etc). With medication control and doctor’s supervision, a person is often able to get these lowered. You might not be able to have the best lab results at the time of application, but if you are willing to get examined again, we could get new labs and shop the case around for you to see if there is room for an improved rate class.

Take some time to figure out if your situation has changed since you last purchased life insurance and we can look into if any premium savings are possible. Please feel free to reach out to us with any questions!