Should I update my life insurance policy after losing 50 pounds?
I took my life insurance policy out at age 31 when I weighed 250 pounds, now I am 37 and weight 200 pounds.
Would I save some money by updating my life insurance policy, asking for a re-rate based on my current weight?
Sudden, recent weight loss is a red flag for a possible critical illness - like cancer.
You can always try to re-quote your life insurance coverage and see where it gets you, but you might flat out get declined due to a dramatic loss of weight in a short period of time.
If, however, the weight loss is due to exercise, proper eating, and a more healthy lifestyle, then you may end up with a lower rate on your life insurance policy.
Here's how you can request free, instant life insurance quotes online now and compare the lowest rates from over 70 insurance companies instantly.
I took my life insurance policy out at age 31 when I weighed 250 pounds, now I am 37 and weight 200 pounds.
Would I save some money by updating my life insurance policy, asking for a re-rate based on my current weight?
Sudden, recent weight loss is a red flag for a possible critical illness - like cancer.
You can always try to re-quote your life insurance coverage and see where it gets you, but you might flat out get declined due to a dramatic loss of weight in a short period of time.
If, however, the weight loss is due to exercise, proper eating, and a more healthy lifestyle, then you may end up with a lower rate on your life insurance policy.
Here's how you can request free, instant life insurance quotes online now and compare the lowest rates from over 70 insurance companies instantly.
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