The last thing you want when you get a term life insurance quote is a surprise when the policy is approved, a higher rate. The best way to avoid this outcome is to know about underwriting guidelines and how they can affect your rate. Another way is to make sure that the information your quote is based on is accurate.
All companies use build charts for underwriting. Everyone is well aware that being overweight can cause health problems. The good news for you is that not all companies agree on where that line should be drawn. Here is where accuracy and being honest with yourself comes in to play.
A knowledgeable agent from the Hinerman Group can help you find the lowest rates for your situation if provided with an accurate height and weight. If, for instance, you kind of round things off and tell an agent that you are 6’, 200lbs, when in fact you are 6’, 207lbs, they might recommend company A and their best rate. Since company A has a build chart that only allows their best rate up to 202lbs you could end up getting their second best rate. If the agent knew ahead of time that the accurate weight was 207#, they would recommend a company who offers their best rate up to 212lbs. No surprises.
So, seek out an accurate scale and get the information you need to call the Hinerman Group at 866-539-7914. A few minutes with an experienced agent can save hundreds, even thousands of dollars per year depending on the size of the policy.
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