Therefore, the right time to buy health insurance or life insurance policy is when one is in the pink of health. The lifestyle and working conditions are taking a toll on the health of most of us. It is becoming common for most people to complain about health conditions once one crosses the age of 40. To make matters worse, there are many who are not only overweight but also smoke, drink besides working in a high-stress job and keeping irregular hours. What’s more, they do not have any life and health protection for their family members. This makes them fall in the high-risk category when it comes to insurance coverage.
However, nothing keeps them away from being insured. Being overweight or a chain-smoker and a heavy drinker certainly puts them in a high-risk category as far as life insurance or health insurance is concerned. But, that does not mean one cannot get a life or a health cover.
Medical underwriting
In addition to the financial underwriting that every insurer does to decide how much of life cover can be given to an individual, they also have in place the medical underwriting guidelines that help them to decide on the health profile of the individual. Some of the factors considered for placing a life on a high or low risk health profile are height, weight, state of health, history of disease, amount of cover and the occupation. The insurer also carries out a series of medical tests to determine the health risks.
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