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How does being healthy save me money on life insurance? We answer this question in today’s episode of Q&A Friday by explaining why your health is so important when determining your life insurance costs.

Video Transcript

Welcome to Quotacy’s Q&A Friday where we answer your life insurance questions. Quotacy is an online life insurance agency where you can get life insurance on your terms.

I’m Jeanna and I’m Natasha.

Today’s question is: how does being healthy save me money on life insurance?

Q&A 15 topic how does being healthy save me money on life insurance?

Well, Jeanna, we’re in Minnesota. And you know what season it is.

You betcha. It’s Minnesota State Fair season.

So, as contradictory as it is for us to be talking about being healthy knowing that this weekend I’m probably gonna eat french fries, a corndog, cheese curds, and sweet Martha’s cookies, let’s get to it. Being healthy can save you money on your life insurance premiums for a number of reasons.

Life insurance is all about risk. The riskier you are to insure, the higher your premiums will be.

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Other than your age, your health is arguably the most important factor when considering how much you’re going to pay for life insurance.

Life insurance underwriters are the people who evaluate your application and other documentation, such as your medical records, to determine what risk class you’re in. Life insurance is all about risk. The riskier you are to insure, the higher your premiums will be.

Your build is one aspect of your health that affects your premiums. This is the relationship between your height and your weight. Life insurance companies have build charts they use to determine if you fall within an average range. If you are within this range, your build is a neutral factor. If your build is below or above the average, it may affect your premiums.

Sample life insurance build chart for Quotacy blog Height & Weight and Life Insurance

Your blood pressure, blood sugar, and cholesterol are other factors taken into account by insurance companies because if any of these numbers are out of the ordinary it can mean you have a medical condition, which poses a risk to the insurance company. And there have actually been cases where an individual that’s applied for life insurance has found out they have a medical condition after their medical exam. Your medical exam consists of a blood draw and a urinalysis and things like your cholesterol, glucose, and protein counts are also evaluated.

Your overall physical condition affects your premiums. The evaluation of your medical exam and records from your doctor’s office can influence your premiums. And just be aware that if you are scheduled for any diagnostic testing or surgery, the life insurance company won’t approve you until these things are complete because they will want to review the results.

So you can see how being healthy can save you money on your life insurance. Maintaining good health reduces the risk of certain issues like heart disease, stroke, type 2 diabetes, some types of cancer, and obesity.

And you may be thinking to yourself, I’m not the healthiest right now. Maybe I’ll wait to apply for life insurance until after I lose some weight. This is a common way of thinking.

What we recommend you do is apply for life insurance now and accept the rate, and then reapply later to see if you can get better rates once you have a new and improved health.

So, let’s say you’re 250 pounds and you want to lose 50 pounds to get into that average build range. The insurance company will want to see that you’ve maintained your new and healthy weight for at least a year before they’ll reconsider your risk class.

You don’t want to leave your family financially unprotected while you work on your new and improved health. So that’s why we recommend applying now, accepting the rate, and then reapplying later once you reach your goal.

» Compare: Term life insurance quotes

So, if you want to go to your local State Fair this Labor Day weekend, you go right ahead. But maybe split that foot-long hot dog with a friend and split that bucket of sweet Martha’s cookies with like 20 friends.

And don’t schedule your life insurance medical exam for the day after your State Fair trip. Give your body some time to recover.

If you have questions on life insurance make sure to leave us a comment. And if you have any questions regarding today’s topic, check out this blog: Being Healthy Can Save You Money on Life Insurance. Otherwise, tune in next week when we talk about what life insurance underwriting is. Bye!


About the writer

Headshot of Natasha Cornelius, a life insurance writer, for Quotacy, Inc.

Natasha Cornelius

Writer, Editor, and Co-host of Quotacy's Q&A Fridays

Natasha is the content manager and editor for Quotacy. She has been in the life insurance industry since 2010 and has been making life insurance easier to understand with her writing since 2014. When not at work, she's probably studying and working toward her Chartered Life Underwriter (CLU) designation while throwing a tennis ball for her pitbull mix, Emmett, or curled up on her couch watching Netflix. If it’s football season, the Packers game will be on. Connect with her on LinkedIn.