Body Mass Index and Life/PHI Premiums

sandgrounder1987

Hello all,

I currently get 4x salary death in service benefit and have accident and sickness cover with first assist to cover for me for 12 months if i'm unable to work.

I was looking at setting up a PHI policy on 52 month deferment to kick in after my AS policy (I got quotes from £10-15). I was also looking at Life and/or Critical Illness (thinking more of my partner if I snuffed it or became a burden). However I was concerned that my BMI of 31 would result in declines or loaded premiums. I'm fairly fit and well built having recently completed an 80 mile charity cycle but going by BMI i'm obese.

Does anyone know what sort of loadings/exlusions I could expect? If so can anyone recommend a provider?

Thanks

TEDDYRUKSPIN

What a stupid question to ask. The loading and exclusions will only be provided by the institution themselves.

What will happen is that you will choose the company, you will submit the application, medical check and information will be required by GP etc, they then send you out a revised quote, and you can decide to accept it or not.

Loading can be as much as 100%. No one can tell you that it will 12.55677754%.

So I am sorry to tell you that you will have to just pick a decent company.

Wutang_2

TEDDYRUKSPIN wrote: »

What a stupid question to ask. The loading and exclusions will only be provided by the institution themselves.

QUOTE]

!! Extreme reaction.....speak to an IFA and give them all the medical info. They will do the work for you and let you know your best way forward...

_Andy_

TEDDYRUKSPIN wrote: »

What a stupid question to ask

Why is it stupid?

lisyloo

It's not a stupid question.
Best rouite is via an IFA as already suggested.
They will know which companies don't penalise people in your posision and can very easily get quotes for you and advise on which policies are best.
Companies have different coverage and service so they will be able to advice.

For example some PHI policies only cover you being unable to ANY job, so if you were a builder with a bad back, they'd expect you to go and sit in a call center.
Superior policies will cover you if you can't do your specific profession.

It's these kind of issues that an IFA can discuss with you as well as knowing which companies do not penalise muscle bound people.

kevin_c_3

31 isn't that high and you wouldn't be declined or excluded for this alone. A loading is possible and these tend to start at 25-50% of the premium for lower risks (higher risks can be 3-5 times the premium). As suggested a good IFA can speak to a range of companies to find out who would be best / fairest.

welshy2000

TEDDYRUKSPIN wrote: »

What a stupid question to ask. The loading and exclusions will only be provided by the institution themselves.

What will happen is that you will choose the company, you will submit the application, medical check and information will be required by GP etc, they then send you out a revised quote, and you can decide to accept it or not.

Loading can be as much as 100%. No one can tell you that it will 12.55677754%.

So I am sorry to tell you that you will have to just pick a decent company.

This not a stupid question, just difficult to answer.

Ideally you need a company that has moved into this millenium, some are now going by waist measurements instead of BMI - as athletic/muscular people break these unstable rules. Some now take risk based on fat around the waist, men who have a 28" waist with a hangover belly won't get away with it.

Get an adviser to research for you, you maybe better off asking the adviser to find you a company that will, or is likely to carry out a medical.

Worst thing you can do is get financial advice off these forums, the information on here is horrendous.

Fire_Fox

Junkyard_Willie wrote: »

Morbidly obese

Errrr ..... no it isn't! BMI of 20 to 25 is healthy, 25 to 30 is overweight, 31 upwards is obese. Morbidly obese is BMI of 40 and above. :rolleyes:

Sandgrounder: have you had your bodyfat percentage professionally measured? That means someone highly experienced in using calipers or a medical grade bioimpedence bodyfat monitor (they cost £600+ so not a stand-on or handheld device)? I work in the NHS in physical activity and we don't use BMI at all as it simply isn't accurate in a weight training context. If you can get a written report on your bodyfat from a suitably qualified professional you might be able to submit this to the insurer.