Individuals with a high BMI can typically access both life and critical illness insurance without too much trouble, but rates will vary from one insurer to another which is where we can add value for clients in accessing the most cost-effective options.
Some insurers will be able to offer cover based upon the submitted application if sufficient information can be provided, others may wish to write to your GP or look to complete a medical screening.
Insurers typically look at the combination of BMI and age to decide the terms offered, but terms offered differ greatly from one insurer to another.
What we need to know
Information that is useful to have to hand when looking at life insurance includes:
- Height and weight
- Any associated conditions such as high blood pressure or cholesterol
- Any surgical interventions such as gastric bands
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We’d love to help you find the right protection for you.
Call us on 01270 620555
This 29 year old woman had recently reduced her BMI from 48 to 43 and had no associated complications. She wanted life and critical illness cover but had been consistently declined which she found very upsetting.
We used our network to source several options. AIG offered life only – no critical illness – with a +200% rating and paramedical screening. Aegon’s offer was similar with no critical illness cover as was one from Royal London. We succeeded in placing the case with Scottish Widows, for both life and critical illness cover. The terms were issued with +100% rating and no medical or GP Referral needed. She was thrilled!
When Phil called us he said he was a 46 year old man, who was 5 foot 10 tall and weighed 21 stone 7, giving him a BMI of 43. He explained that he was losing weight at a steady rate and wanted to understand how his BMI could effect any future life cover or critical illness options.
We were happy to present some options to him:
BMI 43 (21 stone 7) – critical illness decline (only life cover available)
BMI 41 (20 stone 7) – +125% to premium
BMI 37 (18 stone 7) – +50% to premium
BMI 33 (16 stone 7) – standard rates available
This was incredibly helpful for Phil and increased his motivation towards his weight loss goals.
*Names changed for privacy
I just wanted to say a big thank you, for all Emma Lowe and Sian Brown’s help with getting our mortgage through to completion.
Mr & Mrs C.
With advances in medical care more and more people are now surviving illnesses once thought to be fatal.
Protection insurance is designed to help when the things we hope will never happen to us, do!
Protecting your future is important and Income Protection can protect your income and make sure that money is there when you need it most.
This cover can give you the peace of mind of knowing that in the event of redundancy or illness your mortgage payments will be made.
Your home is probably the largest single financial commitment you will make in your lifetime, so protecting it is so important.
You insure your car, your home, and your valuables – isn’t your health the most important asset of your life?
Relevant life insurance is a tax efficient way of a company providing life insurance for its employees, including directors of limited companies.
Directors’ shareholder protection is insurance that is specifically designed to ensure that should one the shareholding directors die or be diagnosed with a terminal illness the remaining shareholders will have access to sufficient capital to buy the deceased’s shares from his/her estate.
Key person insurance helps safeguard a business against the financial effects of the death or critical illness of a key member of staff
Watts Mortgage & Wealth Management Ltd is directly authorised and regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No 624815 at www.fsa.gov.uk/register/home.do
More information is available on mortgages from the Money Advice Service. www.moneyadviceservice.org.uk
Where you have a complaint or dispute with us and we are unable to resolve it to your satisfaction then we are obliged to offer you access to the Financial Ombudsman Service. Please see the following link for further details www.financial-ombudsman.org.uk
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
You may have to pay an early repayment charge to your existing lender if you remortgage.
The FCA does not regulate some forms of mortgages. The FCA does not regulate taxation advice, trust advice and some forms of buy to let mortgages.