Do you know how life insurance premiums are calculated? One of the biggest risks that insurers look at is your level of fitness and overall health. After all, insurance providers are running a business, which makes it important to assess the risk of each investment.

Healthy, fit individuals have the greatest chance of a long lifespan—meaning that premium payments will continue for many years—so they often pay less for coverage.

On the other hand, individuals who are obese or otherwise in poor health have a higher risk of developing potentially fatal chronic illnesses, meaning that they often pay considerably more for coverage because they likely won’t be able to pay for as many years as healthy individuals.

When insurance providers consider your health, they look at factors like your age, height, weight, occupation, driving record, habits (like smoking), hobbies (like extreme sports) and you family’s medical history.

In many cases, you may be required to submit medical records and/or get a physical exam when applying for coverage. These records show much more than just your BMI reading, such as your cholesterol numbers which are an indicator of heart health. Your internal health plays just as big of a role as your weight.

Generally speaking, people are healthier and more fit in their 20s and 30s than they are later in life. Purchasing life insurance during this physical peak can help lock in a lower premium that can remain the same for years, even if your health begins to wane.

We’ll help you get started today. Call us for more information on Delaware life insurance.