Welcome to the page of our site dedicated to helping people, who may be considered overweight, find important life cover.
You will find information that aims to help you understand how insurance companies view weight and how it can affect the price and availability of cover.
Being overweight doesn’t mean you can’t have life insurance but it does mean that it might cost more. How much more will depend on the insurer.
People who are overweight can sometimes struggle to find cover but with the right help it may still be possible get cover and for a competitive price.
Submit an enquiry or call the number above and get in touch with a helpful, experienced, qualified adviser (not a call centre) with knowledge of the market.
Being overweight could potentially lead to health problems in later life and for this reason life insurance companies may charge more to provide cover because there is a greater chance of a claim during the term of a policy compared to someone who is not overweight.
Life insurance companies mostly use Body Mass Index (BMI), a ratio of height and weight, as a guide for determining if someone is overweight but not all insurers use the same guidelines.
Some insurers may increase the price of cover for someone with a high BMI, some may not and some might decline cover altogether!
If you have been turned down it doesn’t necessarily mean you wont be able to get cover. A different insurer may still be able to offer cover but shopping around could take time so it’s a good idea to speak to an adviser.
Mainstream Insurance companies can insure overweight people up to certain BMI levels and currently FriendsLife will consider people with a BMI up to 48 for life cover and up to 40 for critical illness cover and Ageas will allow up to a BMI of 50 for life insurance only.
Some specialist insurers may be able to offer life cover with a BMI of up to 60 provided there are no other health issues but the cost will be considerably higher.
Because BMI is a ratio of height and weight it may not always seem a fair way to assess possible future health problems because some people are very muscular. Some insurers will ask for a persons waist measurement or dress size to determine if they are overweight or just well built and this can result in a more favourable decision.
Having a low BMI may sometimes cause a problem for life insurance companies because being underweight can also lead to potential health problems in later life.
Anyone with an average BMI who is not overweight and has no other medical conditions is likely to be offered life insurance at ‘standard’ rates and a lot of insurers can offer the same ‘standard’ rates to people with a slightly above average BMI who are only slightly overweight.
However, if there are other medical conditions combined with an above average BMI it could make finding competitive cover even harder.
We work closely with a firm of financial advisers who have direct access to the underwriters of life insurance providers and can discuss specific conditions to find a company that can offer the most competitive cover.
The advisers we put you in touch with will research the market, speak to underwriters and do what they can to find you cover without charging any fees.
Using the services of an experienced adviser to research the market can save a great deal of time and make finding cover a much less stressful exercise.
Once you have cover in place it’s worth knowing that some life insurance companies will review the price of cover if a previously overweight policy holder loses weight and reduces their BMI.
Important: Enquiries will be passed to Tim Day CeMAP of XL Financial Services Ltd.
Tim is a senior insurance adviser with experience in this area who is able to research the whole market to find you a solution.
XL Financial Services Ltd are authorised and regulated by the Financial Conduct Authority eg no. 487823
Through our partnerships we have access to a wide range of leading life insurance providers including some of the best known companies in the UK such as Aviva, PruProtect, Bright Grey, Scottish Equitable, Scottish Provident, Liverpool Victoria, Zurich, Ageas, FriendsLife, Legal & General and more including specialist insurers that can offer cover outside the scope of the mainstream providers.
The advisors are highly trained, fully qualified, experienced, fast and friendly and always authorised and regulated by the Financial Conduct Authority.